Common IRS Problems
It is never a good idea to get in debt with the IRS. Too often, taxpayers get so far behind they create a snowball effect where everything they own – bank accounts, their paychecks, liquid assets – are seized or garnished to satisfy outstanding tax obligations. In the blink of an eye, it can all be taken away. If you find yourself at odds with the IRS, take control and call Pairett CPA, PLLC today. We are the experts you need in your corner no matter how complex your situation may be. Our services cover the full spectrum of IRS tax laws. Below are a few of the tax issues we help resolve.
Unfiled Tax Returns
This is the No. 1 way you can find yourself in trouble with the IRS. Failing to file a Federal or State tax return on time or not at all – even if unintentional – will result in further collection actions and penalties from the IRS. Simply put, it is in your best interest to file on time, and to file correctly. Pairett CPA, PLLC is sensitive to the needs of its clients and will do all the heavy lifting to find out which tax returns the IRS needs and how to resolve the issue.
IRS Tax Investigations
An IRS tax return investigation is often the first step in determining the best approach to solve your IRS problems, and we can request your file for you without raising any red flags. With your tax file at our fingertips, we can not only simplify the often confusing verbiage in everyday tax reports so that you understand the contents of those reports and how they affect your situation, but we can look for discrepancies in your tax return and also better determine the time period for which the IRS may come after you for unpaid taxes.
Just like what you have seen with our justice system, the appeals process allows you to challenge decisions the IRS has made when it comes to your tax debt. And the quicker you spring into action on IRS appeals, the higher the chances are that to you receive a favorable appeal. Call us today so we can walk you through it all.
Payroll Tax Problems
If you own a business and you have not filed payroll taxes, you are asking for the IRS to step in and either sell your assets or impose the “Trust Fund Recovery” penalty on those who were responsible. Pairett CPA, PLLC understands how important your business is to you, and we will help you reclaim control.
IRS Tax Lien
When the IRS issues a tax lien, it gains access to all your property (real estate, bank accounts, and even cars). Don’t go at this one your own – hire a professional to help with lien discharge and subordination.
Revenue Officer Investigation
If an IRS officer shows up on your front doorstep, you are in some serious hot water. Not only are they there to collect on any tax debts you may owe but they will do so by any means necessary. Hopefully you never find yourself in this position, but if you do, do not procrastinate if the IRS contacts you regarding any type of tax related issue. It is imperative that you understand exactly what they are asking for and how to resolve the matter. Having the right CPA in your corner is key.
Bank Levies, Wage Levies, or Garnishments
If the IRS needs to collect on outstanding taxes, it will file a levy against you, and possibly even garnish your wages. This can include everything from freezing your bank accounts or notifying your employer to withhold all or part of your salary.
We Can Help Resolve Your IRS Problems
Our job is to create a plan tailored to your specific situation and give you peace of mind if you are experiencing any of the above IRS tax problems. Call Pairett CPA, PLLC at 940-498-7422 for a free consultation.