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Which IRS Programs You Qualify For
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1) Who do you owe tax debt to?

2) About how much do you owe in tax debt?

3) Do you have un-filed back tax returns?

4) Have you had a wage garnishment, tax lien or bank levy?

5) Have you received threatening or confusing letters from the IRS?

6) Great! Now we just need to know where to send your results to?

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Here's How the Process Works:
1

Free Initial Consultation and Financial Analysis

15 Minutes - We will go through your entire financial situation, step-by-step and see what programs you qualify for, determine how we can help, and answer any questions that you may have.

2

Research & Investigation

4-7 Days - Using the Power of Attorney, we will work with the IRS to determine what evidence they have against you (without disclosing anything), so we can create a plan of attack.

3

Fight for the Best Resolution

1-3 Months - After learning exactly what they have against you, we will negotiate with the IRS on your behalf, removing all the penalties we can, and fighting for a great settlement for you.

4

FREEDOM!

Forever - Once your tax burdens have been lifted, you can go on living your life again! You will finally be free of the burdens chasing you, and can start fresh with no tax debt!

Stop the harassment, and let our team of experts fight for you

Highly Experienced Johnson City Tax Lawyer

Give our Johnson City Office a Call Today

Among the worst things you can do with IRS back tax debt is continue to fail it for decades at a time. The Internal Revenue Service loves to add to the total amount you owe, and certainly will stop at nothing to collect that money on additional fees and interest charges.

They are the greatest collection agency in the world, and we firmly believe that no one should have to face them by themselves.

For most people, having a gigantic government agency always harassing them with revenue officers and letters, notices is a dreadful thought.

That is why our Johnson City team is here to help you. You will have someone in your corner to help negotiate for you, and no longer have to handle the Internal Revenue Service on your own.

So if you owe the federal government, or the state of Tennessee, our dedicated law firm is here to make your own life easier.

With only 15 minutes on the telephone with our specialists, you’ll understand what to do, and precisely what you’ll qualify for.

Give our Tennessee team a call now!

Let our attorneys deal together with the IRS and state of Tennessee, so you can concentrate on running your company.

The Internal Revenue Service is a formidable money making machine for the authorities, and in case your Johnson City company has fallen into IRS or Tennessee business tax debt, they’re going to gather. Thus, if your company has delinquent taxes including payroll tax debts there isn’t any need to scurry for cover (and remember – never hide) even should you know little or nothing about dealing with IRS company tax debts. There are seasoned professionals prepared to help.

Un-Paid Payroll Tax Debts

The IRS looks at payroll tax – taxes levied on employers and workers – from two perspectives:

  • (a) Taxes an employer pays the IRS predicated on the wages paid to the employee (known as withholding tax’ and is paid out of the companies own funds) and
  • (b) A percentage of wages the employer deducts from an employee’s wages and pays it to the IRS.

The employer ends up footing the bill for both the kinds of taxes as the withholding tax results in lower wages.

Repayment Schedule

Employment or Payroll taxes are collected by the IRS during the Electronic Federal Tax Payment System (EFTPS). The program of these payments depends on the average sum being deposited (based on the look back period’ – a twelve month period ending June 30). This payment schedule can be monthly or semi-weekly.

If you’re a new business and didn’t have any employees during your look back span’ or in case your overall tax liability is up to USD 50,000 for your appearance back interval’, you must follow a monthly program. Your payroll taxes ought to be deposited by the 15th of the month following the last payday.

In case your payroll tax liability is less than USD 50,000 you will have to follow a semi-weekly deposit schedule. You’ll fall into a payroll tax debt should you don’t pay your taxes on these days. You ought to seek the services of tax professionals keep from falling into payroll tax debt and to direct you through this labyrinth of procedures and steer clear of hefty penalties.

How To Deal With Back Tax Debt

Revenue collected through taxes such as payroll tax are spent on financing plans like; healthcare, social security, worker’s compensation, unemployment compensation and at times to enhance local transport that takes many workers to and from work.

When you have to deal with IRS tax debts, it’s extreme important to stay in contact with your IRS officials – never prevent or conceal from them. Most IRS penalties comprise a compounded interest rate of 14% this can turn a company turtle in an exceedingly brief time dealing with IRS business tax debt it overriding.

How a Professional Johnson City Tax Pro Can Assist

Being in an IRS company debt situation is serious. You may have time on your own side when they gain impetus things get worse for you, although because the IRS is slow to begin processing your account. Nevertheless, you are not helpless. There are processes you may be eligible for that a Tennessee professional can use his good offices with the IRS to assist you over come your company debts.

Among others, you are in need of a professional’s help if you never have heard of an Offer in Compromise, Tax Lien Span, Uncollectible Status and Insolvency. Waste no more time, touch base with us today to get out of business tax debt and save your company from close.

Has the IRS been sending notices and letters to you? Want that to stop immediately? We can help.

Notices and IRS Letters are sent to those who haven’t paid all of their tax obligation or haven’t filed their tax returns. The IRS accounts for collecting taxes due from citizens to make sure the Federal Government has the funds to run its business. The IRS presumes that taxpayers who neglect to pay their taxes and who are delinquent in filing their tax returns are blowing off the reason taxes are important. The Internal Revenue Service also supposes that citizens do not have a good reason for not meeting their tax obligations. Aggressive pursuit of these citizens is the reason why IRS letters and notices are sent. Those who have filed their tax returns but have not paid all of the taxes that are due, will also get IRS letters and notices. Delinquent citizens are on the Internal Revenue Service radar for executing fleet collection action. Taxpayers should remember that the IRS does not need to initiate any court action to impose wages, bank accounts and property. Even pension income could be attached.

Many IRS letters and notices are sent to impose a penalty on the taxpayer. Fees are prolific now. Now the distinct of penalties is 10 times that number, although in 1988, there were just 17 penalties the IRS could levy. The Internal Revenue Service also has over 75 different letters and notices it can send to individual citizens. Some of these can definitely become serious difficulties for the taxpayer.

Some Examples of Letters

Notice of Under-Reported Tax Debt

A notice that asserts a citizen has under reported their income is a serious matter. Often, this could be accommodated easily, but the citizen will be assessed interest plus a fee in the event the IRS claim is valid. If this notice spans more than one year of tax filings, then the citizen may be accused of filing a fraudulent return. The fees as well as the interest will amount to an unbelievable amount of money irrespective of the perceived intention.

Wage Garnishes

A notice that threatens to attach a citizen’s wages, bank account or property is also serious. The IRS will send a letter warning of the impending actions, and this letter will stipulate an amount of time the taxpayer has to solve the delinquency. This notice follows letters which were sent to the taxpayer in an attempt to solve the delinquency before it attains the collection actions.

Notice of Property Lien

A notice saying that the IRS has filed a lien on the citizen’s property also follows this activity to be taken by letters of intent. The notice will include the quantity of the governmental bureau and also the lien where it was recorded. This lien will avoid the taxpayer from selling the property until the lien is satisfied, or the lien amount will be deducted from the proceeds of a deal. The IRS may also induce the sale of the property to obtain fulfillment of the lien. A notice will be issued if a deal is planned.

What to do because of a notice

The taxpayer should never discount IRS letters and notices. Instead, they ought to promptly seek help with these possible risks to their financial protection. Contacting our BBB A+ Johnson City law firm is even more important if notice or a letter has been received.

A bank levy can be removed within 24-48 hours, but only in the event you act fast and let our Johnson City team help you

Bank levies are charges imposed in your Johnson City bank account when you have outstanding tax debt. The law permits the IRS to seize funds in your bank account for clearing your tax obligations. Unfortunately, the process is always rough. Usually, the institution ends up freezing all the money that is available in a given account for a period of 21 days to take care of a man’s or a company’ tax obligation. During the halt, you can’t get your cash. When the period lapses when they are unfrozen, the only chance of getting them at this stage is. Preventing the levy allows you to access your funds for matching other expenses.

When and Why Bank Levies Get Applied

The Internal Revenue Service bank levies are applied as a last resort for you to your account to pay taxes. It occurs to people in Tennessee that receive many appraisals and demands of the taxes they owe the revenue agency. Failure leaves the IRS with no choice besides to go for your bank account. This happens through communication between your bank and the Internal Revenue Service. You may find that on a specific day, if you’re not aware. It can be more than that and you get a refund after the levy period, although the amount equal solely changes to your tax debt. A final notice is followed by bank levies for intending to levy plus a notification about your legal right to a hearing. In summary, the IRS notifies you of the pending bank levies. When employed, the IRS can just require money that was in your bank on the date a levy is implemented.

How to Have Your Levies Removed in Johnson City

There is a window of opportunity for you to use to eliminate bank levies from your account. As you take measures to safeguard your bank assets, getting professional help is a wise move that you ought to take. By being a step ahead of the IRS you get rid of the bank levies. With a professional service it’ll be simple that you understand when to take your money out of the bank. You can do this by getting into an installment arrangement. Finally, you can go for ‘offer in compromise’ as ways to get tax forgiveness.

While the solution seem easy, they could be very complex to execute. Have the resources to do so, you have to act quickly, comprehend every facet of the law and deal with associated bureaucracies imposed by banks as well as the IRS. The smart move would be to phone us for professional help with your IRS scenario. We have expertise and abilities that have made us a number one choice for several individuals. For partnered tax professional support, contact us for additional information and help.

Don't get conned by a tax aid business with no track record - call our BBB A rated business today.

A lot of people are law-abiding Johnson City citizens and they dread the risks of IRS actions. These firms entice innocent people into their scams and commit even and consumer fraud theft! There are lots of ways in which they trick people of their hard earned cash: by charging upfront nonrefundable payments without supplying any guarantees, by misrepresenting future results, by posing as a service provider and selling the sensitive information of the consumers to other service providers, by outright stealing from customers and so on. Thus, you should exercise caution when you are trying to find a tax resolution business for yourself.

What Scammy Companies will do

Not all Tennessee tax relief businesses who guarantee to negotiate with the IRS for you are trustworthy. Since there are so many deceitful businesses out there, thus, avoiding IRS tax relief scams is very important. It is not impossible to avoid being taken advantage of, all you have to do to follow several tricks that are useful and is to train yourself in this regard! First things first, never pay in total upfront, irrespective of whether the tax resolution company blatantly asks for it in an obscure manner at some point of time or in the beginning. A tax resolution firm that is genuine will consistently folow a mutually satisfactory financial arrangement wherein the payments could be made on a weekly, biweekly or monthly basis.

Second, it’s advisable to be quite careful when you’re selecting a special tax resolution company to work with. Chances are the business is deceptive should they guarantee you the desired effects or state that you simply qualify for any IRS plan without going through a complete financial analysis of your current situation then. After all, it is impossible for companies to pass such judgment without going through your complete fiscal analysis first. So, do not fall for their sugar coated promises and search for other firms that are genuine instead.

How to find out about a tax relief firm

The internet is a storehouse of information, but you have to be cautious about using such advice. Do not just hire any firm that is haphazard with great ads or promotional efforts for handling your tax related difficulties. To be able to pick the right firm, it is wise to study about the same in the Better Business Bureau site and see their ratings or reviews. So, doing your assignments and investing time in research is definitely a sensible move here.

A website that has an excellent evaluation on BBB is undoubtedly one that you can place your trust in. We are a BBB A+ rated Johnson City company, we help individuals by alleviating their IRS back tax debts. Our tax alternatives are reasonable, in order to ensure that all your tax debts are eliminated, we do not only negotiate together with the IRS on your own behalf, but rather develop a practical strategy. We do all the hard work for you while you concentrate on other important elements of your life. Because of our vast experience and expertise in the area, you may rest assured your tax problems would be solved efficiently and promptly when you turn to us for help.

When you have failed to pay your taxes for a few years, our Johnson City team can assist you to get back on track.

Have you ever forgotten to file your back tax returns for a number of years? We can help.

The W-2S and 1099 forms for every tax year are necessary when filing your back tax returns you receive. In the event you are eligible to deductions and credits; you will need to collect any other supporting document that may prove your qualification to the claim.

When you have any lost tax file particularly within the past ten years, then you must request a copy from IRS by simply filing form 4506-T. Form 4506-T is the tax return transcript. You must use the form to request for 1099S, W-2S which should provide support for your deductions. IRS will offer you a transcript containing the info that you should file your tax returns.

Additionally, your tax returns that are back should be filed by you on the initial forms for that tax year. Begin by seeking the IRS site for them. Double check to ensure you’re using the instructions related to exactly the same tax year returns are filling for once you have gathered all the pertinent files. Tax laws are constantly changing and using the improper instructions may need you to begin the filing process once more. Finally, you must submit all the forms through the address to the Internal Revenue Service.

What to Do With Un-Paid Returns

When you have some additional income tax for the previous years, you must comprise as much payment as you can. This way you may reduce interest costs accumulation. Unlike the tax fees which stop to accumulate once they are at the maximum, the monthly interests continue to collect until you have paid the tax. After your tax returns have been received by the IRS, they’ll send you a notice of the exact amount you should pay as a penalty and rate of interest.

In case you are unable to pay your tax returns in full, you may have to work with the Internal Revenue Service. Nonetheless, you should note that the past due debts and taxes that are back, can decrease your federal tax refund. Treasury offset application may use part or your entire federal returns to settle any unpaid state or federal debt.

You should know the Department of Treasury’s of the Fiscal Service, the Bureau of the Fiscal service or only BFS – runs the program that is offset from the treasury. It may use component or your total tax refund to pay some debts including delinquent student loans, parent support, and unemployment compensation debts. You might be entitled to part or the whole offset when you have filed tax returns jointly with your partner.

The law prohibits IRS from using levies/liens in collecting individual obligation payments that are common. But if you owe any shared responsibility payment, IRS can offset the obligation against tax refund due to you.

What You Should Do If You Have Neglected to File

You can consult with our BBB A+ rated Johnson City tax law business for help when you haven’t filed your back tax returns for several years.|} Our crew of specialists in Tennessee is always prepared to help you solve your problems and in addition they are constantly ready to answer your questions.

Other Cities Around Johnson City We Serve

Address

Johnson City Instant Tax Attorney

207 E Main St, Johnson City, TN 37604
Phone

(615) 745-3338

Customer Rating
Services / Problems Solved
Removing Wage Garnishments
Getting Rid of Tax Liens
Removing Bank Levies
Filing Back Tax Returns
Stopping IRS Letters
Stopping Revenue Officers
Solving IRS Back Tax Problems
Ironing out Payroll Tax Issues
Relief from Past Tax Issues
Negotiating Offer in Compromise Agreements
Negotiating Innocent Spouse Relief Arrangements
Penalty Abatement Negotiations
Assessing Currently Not Collectible Claims
Real Estate Planning
Legal Advice
Tax Lawyers on Staff
Steve Sherer, JD
Kelly Gibson, JD
Joseph Gibson, JD
Lance Brown, JD
Cities Around Johnson City We ServeAfton, Bean Station, Blountville, Bluff City, Bristol, Bulls Gap, Butler, Bybee, Chuckey, Church Hill, Del Rio, Eidson, Elizabethton, Erwin, Fall Branch, Flag Pond, Greeneville, Hampton, Johnson City, Jonesborough, Kingsport, Kyles Ford, Laurel Bloomery, Limestone, Lowland, Midway, Milligan College, Mohawk, Mooresburg, Morristown, Mosheim, Mount Carmel, Mountain City, Mountain Home, Newport, Parrottsville, Piney Flats, Roan Mountain, Rogersville, Russellville, Shady Valley, Sneedville, Surgoinsville, Telford, Trade, Unicoi, Watauga, Whitesburg
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WikipediaJohnson City Wikipedia Page

Where Do I Send my Offer in Compromise Payments?

There are only two choices for where to send the OIC Memphis, TN or Holtsville, NY. As you live in Johnson City, Tennessee, you would send your offer to Holtsville. Pay the total sum of the Offer in Compromise over the remaining life on the group statute of limitations. You may set a lump sum payment due within 90 days, and then monthly installment payments for the balance of the collection interval. This 10-year period may have been expanded or frozen by various activities taken by the Internal Revenue Service or by the taxpayer.

How Much could an Offer in Compromise Save Me?

An offer in compromise can save you a lot of cash because it enables you to settle your tax debt for under the total amount you owe. In the event you can't pay your total tax liability it could be a legitimate alternative, or doing so creates a financial hardship. The IRS consider your unique group of facts and circumstances. That's ability to pay, income, expenses for living in Johnson City and asset equity. They normally approve the most they can expect to collect within a reasonable period of time are represented by an offer in compromise when the amount offered.

How Much Do Tax Attorneys Charge?

Usually, most competent and reputable tax attorneys will bill their clients on an hourly basis for all services rendered. This can generally be an hourly charge of between $200 and $400. In most cases, a tax attorney will require that a prepayment, which is known as a retainer is made by their customer. This retainer is a prepayment on the basis of the amount of hours that your tax attorney considers they'll be working on your behalf. If the money held in the retainer is used up before the task is completed, the tax lawyer in Johnson City will habitually charge you for an added payment.

What Does a Tax Attorney Do For Me?

Since they specialize in the minutiae of the Internal Revenue Service tax code, a Tax attorney can assist you to solve your tax problems with the Internal Revenue Service. They supply guidance on complex legal problems, especially in the areas of trusts, estate planning, tax disputes, and company tax law. Lawyers are strong negotiators who construct arguments which best support a position that is desirable and examine case facts in light of the law. The court system can be used by them in ways that offer leverage in resolving tax cases. Some tax attorneys help prepare your tax returns for a premium; yet, tax lawyers are not accountants and are rarely involved in filing taxes with the IRS or state of Tennessee.

How Do You Get an Offer in Compromise?

You'll locate step by step directions and all of the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B. Your finished offer bundle will contain: Form 433-A (OIC) (individuals) or 433-B (OIC) (companies) and all required documentation as specified on the forms; Form 656(s) - person and business tax debt (Corporation/ LLC/ Partnership in Tennessee) have to be submitted on separate Form 656; $186 application fee (nonrefundable); and Initial payment (non refundable) for each Form 656. Select a payment alternative. Your initial payment will change based on your own offer as well as the payment option you select.

Can My Tax Debt be Forgiven?

Yes, your Tax Debt can be forgiven, but the tax impact of cancellation or debt forgiveness will depend on your own individual facts and conditions. Generally, in the event you borrow cash from a Tennessee and the lender after cancels or forgives the debt, you may need to comprise the cancelled amount in income for tax purposes. The lending company is usually required to report the total amount of the canceled debt to you personally as well as the IRS on a Form 1099-C, Cancellation of Debt. There are many exclusions to the taxability of debt that is cancelled, such as bankruptcy or insolvency.

How Does the IRS Offer in Compromise Work?

The IRS Offer in Compromise works in this style that it permits you to settle your tax debt for under the total amount you owe. It could be a legitimate choice in the event you can not pay your tax liability that is total, or doing so creates a financial hardship. The IRS consider Skill to pay your unique set of circumstances and facts; Income; Expenses; and Asset equity. The IRS generally approve an offer in compromise when the sum offered represents the most they can expect to collect in Tennessee within a reasonable period of time.

How Can I Eliminate My Tax Debt?

By asking for additional time to pay, it's possible for you to remove your Tax Debt. It's possible for you to request an additional 60 to 120 days to pay what you owe. Pay by debit card or credit card. You may have a credit card that provides a lower rate, possibly even a zero percent teaser rate for a year. The IRA shuffle: You can't borrow from your IRA, but did you understand that if you want to transfer the funds from one account to another, you have 60 days? In effect, this is the same as a 60 day loan.

Does Tax Debt Go On Your Credit Report?

Owing the IRS a big tax bill doesn't automatically affect your credit report. But how you choose to pay your taxes does, and your credit may be impacted by outstanding taxes too. (It's in the same group as a repossession or court judgments in Tennessee.) and/or state local taxing authorities may file tax liens. And if you file for bankruptcy, your tax debt and lien may continue.

How Often does the IRS Accept an Offer in Compromise?

The Internal Revenue Service often accepts an offer in compromise when the sum offered represents the most they can expect to accumulate within a fair time. Therefore, you're suggested to research all other payment options before submitting an offer in compromise from Johnson City. The Offer in Compromise program isn't for everybody. Therefore, should you think about hiring a tax professional to assist you to file an offer, make sure to assess his or her qualifications. Additionally, before they are able to consider your offer, you need to be present with all payment and filing requirements.