We provide comprehensive tax planning services that aim to enhance your financial strategies while ensuring efficient tax management. Our experienced team of tax professionals stays well-informed about the latest tax laws and regulations, allowing us to offer personalized advice tailored to your specific financial situation. By carefully examining your income, expenses, investments, and other relevant factors, we identify potential opportunities to minimize your tax liability. Our goal is to help you take advantage of deductions, credits, and incentives to reduce your tax burden effectively. With our proactive approach and extensive expertise, we guide you in making informed financial decisions and ensuring compliance with applicable tax laws throughout the year. Trust us to assist you in achieving your financial objectives while optimizing your tax position.
We offer comprehensive services to facilitate the smooth and efficient registration of corporations and LLCs in any state across the United States. Our expert team is well-versed in the intricacies of state-specific requirements, ensuring that your business entity formation process adheres to all necessary regulations. Whether you’re establishing a corporation or an LLC, we provide a streamlined service that encompasses every step of the registration process. From verifying name availability and preparing the necessary documentation to filing with the appropriate state authorities and obtaining the essential certificates, we handle it all. Our services also extend to providing guidance on selecting the most suitable business structure, offering personalized advice based on your specific needs. With our efficient and reliable support, you can confidently establish your corporation or LLC with minimal hassle and maximum compliance.
The key difference between a Corporation and an LLC is their structure and taxation. A Corporation is more formal, with shareholders and a board of directors, and is subject to double taxation—business profits are taxed, and shareholders are taxed on dividends. This makes it ideal for larger businesses or those seeking to raise capital. In contrast, an LLC is simpler to manage, with pass-through taxation where profits and losses are reported on the owners’ personal tax returns, avoiding double taxation. LLCs are typically better for small to medium-sized businesses due to their flexibility and fewer regulatory requirements.
The choice between the two depends on your business goals and size. If you’re looking for flexibility and simplicity, an LLC may be the better option. However, if you’re planning to expand, raise capital, or go public, a Corporation might be more appropriate. Consulting with a business advisor can help determine which structure is best for your needs.
We are a Certified Acceptance Agent (CAA) providing specialized services for individuals and businesses seeking to obtain an Individual Taxpayer Identification Number (ITIN) from the Internal Revenue Service (IRS). As a CAA, we have undergone rigorous training and certification by the IRS, granting us the authority to assist applicants in the ITIN application process. Our dedicated team ensures a smooth and efficient experience by guiding you through the entire application, from gathering the necessary documentation to submitting the forms on your behalf. We review your documents for accuracy, completeness, and compliance with IRS requirements, minimizing the chances of delays or rejections. Our expertise in ITIN applications allows us to address any concerns, answer your queries, and provide expert advice tailored to your specific situation. With our CAA services, you can trust us to navigate the complexities of the ITIN application process, ensuring a successful outcome and saving you valuable time and effort.
When you own a small business, you are required to make monthly or semi-weekly deposits to the Internal Revenue Service (IRS) to cover the federal income tax withheld from every employee. You must also deposit both your share and the employee’s share of social security withholding and Medicare taxes. Unfortunately, it’s common for small business owners to have difficulties meeting their payroll tax deposit requirements due to cash flow problems, which in turn can lead to mounting payroll tax debt. Instead of taking on the IRS alone, let our agency’s insider experience help you. Most of our employees are IRS Enrolled Agents, meaning our unbeatable firsthand knowledge allows us to understand how the system works from the inside. Our Enrolled Agents can help you reach an agreement with the IRS that will not only satisfy the government, but that is also in your best interest.
You could find yourself in the position of owing back taxes to the Internal Revenue Service (IRS) for a variety of reasons. Some of the most common ones include:
When you owe money to the Internal Revenue Service (IRS) and you have made no effort to pay or have not paid the full amount on time, one of its first lines of defense to collect the money is to file a tax lien against you. A tax lien gives the government a secured interest in your personal property. This includes real estate holdings and other financial assets. It’s important to remember when dealing with the IRS that it is an unwilling lender. That means it considers itself a secured creditor that has priority over all other creditors if collecting money you may owe.
Tax liens are often the gateway to more aggressive collection activities like tax levies, wage garnishments, and freezing your bank account. The worst thing you can do when you receive notice of a pending tax lien is to ignore it. Working with an Enrolled Agent at TaxGuys411 demonstrates that you are serious about settling your debt to the best of your ability. Instead of proposing a settlement on your own behalf, take advantage of our agency’s insider experience. Most of our employees are Enrolled agents, and hiring our agency unlocks our unbeatable firsthand knowledge. Because we know how the system works from the inside, our Enrolled Agents can secure an agreement that is in your own best interest and that will also satisfy the government.
If you owe money to the Internal Revenue Service (IRS) and have failed to pay it or make alternative arrangements, the IRS may issue a tax levy against you. While a tax lien gives the IRS interest in property you own, a tax levy allows the IRS to seize your property and sell it to satisfy the debt you owe. However, the IRS will issue the tax lien first. It’s important to keep in mind that the IRS can stake claim to any property or monies you have an interest in, such as a life insurance policy, retirement account, or royalty income. The funds do not need to be in your own name for the IRS to issue a tax levy against them.
An IRS tax levy is a primary collection tool used by the agency that also includes wage garnishments and freezing bank account funds. It is something you want to avoid, but many people feel intimidated and don’t know what to do next. Rather than ignore an official demand for payment from the IRS, turn to TaxGuys411. Many members of our staff are IRS Enrolled Agents who have the skills and ability to propose an agreement that favors you but also is acceptable to the IRS. To learn how our personal experience as former federal agents can significantly assist you, continue reading.
If you owe money to the Internal Revenue Service (IRS) that you have not attempted to pay, it can garnish part of each paycheck until you satisfy the debt. This is the most common form of debt collection used by the IRS. Unlike other creditors, the IRS does not have to obtain a judgment against you before deducting additional wages from your paycheck. However, it does need to send you an itemized list of the amount you owe. This may include back taxes, penalties, interest, or a combination of any of these.
There is no need to fight your battle alone. In fact, working with an agency shows the IRS you mean business. And when you work with TaxGuys411, you get more than the agency with experience in settling tax debt; you get an agency with many Enrolled Agents who have gained firsthand knowledge by working as federal agents. Because we know how the system works from the inside, we can help secure an agreement will also satisfy the government while keeping your best interest in mind.
If you neglect or refuse to pay a tax bill that you owe to the Internal Revenue Service (IRS), it can seize and sell your property to satisfy the debt. Examples of your personal property that the IRS can take ownership of include:
The above is not an all-inclusive list. The IRS can actually seize any property or money that you have an interest in to satisfy your outstanding tax debt. The money or property does not have to be in your personal possession in order to be subject to a property seizure. For example, your employer and a bank each manage your 401(k) retirement account, but the IRS can order them to turn the funds over if all attempts at getting you to pay your tax bill have failed.
You don’t have to face the IRS alone. Hiring our agency provides you with our agency’s unique firsthand experience since most of our employees previously worked as IRS agents. Because we know how the system works from the inside, our Enrolled Agents can achieve an agreement that can allow you to continue living your life, while also gratifying the government.
Once you have missed filing a tax return, it is easy to become nervous about the consequences and neglect to submit a return in future years as well. Of course, this only compounds the problem because the Internal Revenue Service (IRS) adds penalties and interest to the amount it thinks you owe, in addition to starting collection activities against you. It also files a Substitute for Return (SFR) for all missing tax years. The problem with the government filing an SFR is that it does so with its own best interests in mind, not yours. That means you are unlikely to get all of the credits and exemptions you are entitled to receive.
Having the federal government file an SFR for you can affect your state income taxes, even if you got those in on time. That is because the amount of tax assessed at the state level depends on your federal Adjusted Gross Income (AGI). If your AGI is artificially high because the IRS filed an SFR for you, your state will assign you a higher tax liability and bill you accordingly.
When you owe money to the Internal Revenue Service (IRS) that you are unable to pay in one lump payment, you may be eligible to make regular monthly payments through an installment agreement. If the IRS accepts this agreement, and you make timely monthly payments until you have paid your tax debt in full, you can avoid additional penalties and interest. Additionally, you will no longer be subject to aggressive collection attempts, such as wage garnishments, tax levies, and frozen bank accounts.
To apply for this option, individuals must owe the IRS less than $50,000 and be current with filing all tax returns. Companies applying for an installment agreement cannot owe more than $25,000 in payroll taxes and must also be current with all returns. Both individuals and businesses may qualify for an installment agreement if they owe less than $100,000 and can pay it in 120 days or less. Read on to find out how our unique experience as former revenue officers can benefit you.
In 2012, the Internal Revenue Service (IRS) introduced the Fresh Start Initiative program to help taxpayers struggling to pay their debt due to unemployment and other financial difficulties. If you qualify for the Fresh Start Initiative, you can request an extension of six months without the risk of accruing new penalties. However, the IRS will assess penalties if you don’t file a return and pay the amount due by October 15 of the year you were approved for the program. This program provides taxpayers with a different installment structure that allows them to avoid tax liens and additional federal reviews. Read on to find out how our prior experience as former IRS agents can help you
If you owe the Internal Revenue Service (IRS) more money than you have the ability to pay, you may qualify for a debt reduction solution known as an offer in compromise (OIC). This means the IRS allows you to repay less than what you actually owe. However, you must meet its stringent criteria in order to apply and to be accepted. When reviewing your application, the IRS looks at your current income, ability to pay, assets, and expenses. It also considers whether paying the full amount you owe would cause any excessive financial hardship.
Instead of offering a settlement on your own behalf, and risking denial, take advantage of our agency’s firsthand experience. Many of our employees worked as IRS agents before deciding to help the taxpayer instead of the government. When you hire our agency, you gain our unbeatable insider knowledge. We know how the system works from the inside, and our Enrolled Agents want to help you reach an agreement that is in your own best interest and gets the government off your back.
When clients contact us at Tax Resolution Services, they owe thousands of dollars in back taxes and penalties to the Internal Revenue Service (IRS) and have no idea how to settle their debt. Perhaps you can relate to the stress of dealing with constant collection letters, wage garnishments, tax levies, and other measures the IRS takes in an attempt to force you to pay what you owe. Like most people, you didn’t get into this situation voluntarily. Perhaps you went through a personal or professional crisis that made it impossible for you to pay your taxes on time. We understand your position, and we are here to help you.
There’s no reason to face the IRS alone, when you can capitalize on our agency’s insider experience to get the best settlement for your unique situation. Since most of our employees previously worked as IRS agents, hiring our agency gives you access to our firsthand knowledge. We know how the system works from the inside, and our Enrolled Agents are on your side to reach an agreement that will satisfy the government, but keeps your best interest in mind.
