Tax Resolution

Tax Resolution starts, and sometimes ends in 3 easy steps.

1st we’ll need Basic Taxpayer Information to generate necessary IRS required forms:

• Step 1 and Step 2 – (both forms can be filled online).
• Step 3. You will be provided a “pre-filled” IRS power of attorney form. Sign and date line 7 of page 2. Once the form is signed / returned, and any provided evidence is gathered an initial call with the IRS is scheduled.
• After the discovery we will present you with the findings and offer the best course of actions to resolve any outstanding balances with the IRS.

For a better understanding of how we start/finish a case:

Clients will be given a password and visit: Tax Resolution Workflow Web Page

• Upon initial contact with the IRS or officer assigned to you, we request that any garnishment and/or levy/lien be released while we present your evidence, or work to resolve the balance. We can not guarantee the request will be granted, especially if you are not in compliance.

• If you are not in compliance, the officer will inform us of any compliance requirements. Once we achieve compliance, the request is most often granted.

Yes, when it’s been proven / determined that an error was made on their part.

Yes, if the penalties are due to an error on their part. Otherwise, the IRS is under no obligation to remove penalties. Although, in many cases, we will request penalties be removed, and are often successful. Penalties are most often removed when a taxpayer / client is not habitually recurring penalties.

Past clients have sought tax resolution with us for a number of reasons, here we name a few:

• Unpaid penalties, interest and a balance that you could at one-time afford, but can no longer afford due to a change in “present day” financial circumstances.
• The IRS sent you a collection notice, and you’re certain they made an error (this happens a lot).
• A very popular reason IRS letters and IRS problems arise is when you don’t file your taxes for several years. You may want a licensed tax professional to prepare and file your back taxes. Often times just filing your previous years taxes will clear up any unresolved balances.
• The IRS might have a general issue with a tax return, and you want it cleared up.
• Tax return errors: you, or your tax professional may have made an error on a previous tax return (this happens a lot).
• The IRS might audit you to verify the appropriate amount of income and deductions is being reported. You may want a licensed and experienced tax professional to represent you.

Tax Resolution with Tax Service Masters starts at $350 which is the basic price to review your case, create your client file, and investigate your account with the IRS. Some cases are resolved after initial contact and no further fee is required, others are not. We offer payment plans for select cases which are quoted on a case-to-case basis. The prices below are average price ranges.

Every case is different, we have cases that are resolved in one phone call, and cases that last over a year. On average most cases are closed within 3 – 4 months.

Taxpayer forms and requests to the IRS have predetermined time allotted for processing. Most of the time, these requests exceed the IRS deadline / timeline. The IRS releases publications frequently, we encourage taxpayers to visit their website for information IRS Operations: Status of Mission-Critical Functions.

The approximate time it takes to resolve a taxpayers IRS problem can be estimated by some of the following factors:

• The IRS account problem itself (this is found after researching the clients transcripts and/or an initial call to the IRS).
• The tax resolution option chosen by the client after finding the problem.
• The time it takes the tax professional to fix the problem.
• The time it takes the client to review, sign/return documents as or if requested.
• Finally, the time it takes the IRS to process the changes or adjustments.

We’ve helped taxpayers of all sorts, there’s NO tax situation or taxpayer that can surprise us:

• We’ve helped taxpayers / clients save their homes.
• We’ve helped taxpayers stop wage garnishment.
• We’ve helped taxpayers who were facing federal penitentiary for tax related issues.
• We’ve represented taxpayers already sentenced to federal penitentiary for white collar crimes.
• We’ve even represented clients who were at one-time tax preparers, or had a tax preparation business.

A discovery in our office is a combination of:

• What the IRS is claiming (via phone call with IRS Officer / IRS Notices/Letters).
• What the client is claiming (including any evidence the client has provided).
• What the IRS transcripts or past tax filings reveal.

The discovery is identifying the root cause of a tax issue, and the initial step in resolving a clients tax balance(s) / or tax problem.

There’s times when a simple amended tax return will resolve an issue, and many instances when new clients just need prior year taxes filed. Aside from amended taxes and prior year tax filing, we’ve listed a few common IRS debt / balance relief solutions:

Tax Resolution Options & Solutions

Installment Agreements (Payment Plans)
Our enrolled agents know how the agency works from the inside-out. Enrolled agent representation can make all the difference when seeking affordable payments via Installment Agreements to the IRS. It’s not uncommon for us to reach a monthly Installment Agreements that is very affordable and realistic for our clients. We have hundreds of IA case studies.

Currently Not Collectible Status
Clients we represent, that wish to seek Currently Not Collectible status will be given a financial disclosure form. Any documentation needed will be submitted to the IRS on your behalf and a decision will be made by the IRS.

Offer In Compromise
If a taxpayer owes money to the Internal Revenue Service (IRS) but cannot afford to pay the full debt, it is our obligation as your representative to present your financials to the IRS and prove your hardship. No entity, enrolled agent, tax attorney, CPA, or salesman can guarantee that the IRS is going to approve an Offer In Compromise for less than the full amount owed. We will however represent you in attaining the best possible outcome.

With tax preparation the price and service can be gauged because it’s more of a predictable service. Tax prep consists of gathering a clients tax documents, preparing the taxes on relevant IRS forms, gathering signatures, and finally electronically filing the forms.

Tax resolution on the other-hand, is not always so cut-n-dry. An enrolled agent, CPA, or attorney will process a power of attorney to represent you. Tax resolution cost take into consideration the time and work invested in completing a case start to finish.

Tax Preparer Directory

https://irs.treasury.gov/rpo/rpo.jsf

Enrolled Agent Verification:

https://www.irs.gov/tax-professionals/verify-the-status-of-an-enrolled-agent

Enrolled Agent ID: 138237

Enrolled Agent First and Last Name: Iryna Teixeira

Address: 1903 N Hercules Ave, Clearwater, Florida 33763

IRS Tips On Choosing a Tax Preparer – Video

https://www.youtube.com/watch?v=qP5c-ZOMct4

No, we do not require a potential client to have $10k+ of tax debt in order to receive service.

Why Many Tax Company Ads Target Taxpayers with 10k+ of Tax Debt

You hear It on the Radio, Television, and Online… “Are you 10 thousand dollars or more in tax debt?” What the tax company is most likely referring to is an offer in compromise. A taxpayer must have 10k or more to apply for an offer in compromise; otherwise the application will be denied.

Let’s explain – there is no specific dollar amount that signifies whether a taxpayer needs tax help, or tax resolution.

Risk VS Reward

Marketing companies that run the 10k advertisements figure that taxpayers with a tax balance above 10k will be more likely to pay a higher service fee for lowering or removing a high tax balance.. Subjectively, making it a more worthwhile investment.

The Internal Revenue Service has collection processes, here you can read the IRS publication that lists an overview of “some” of the collection process and some remedies. We encourage taxpayers to visit the official IRS website to find commonly asked questions.

Common Collection Methods

If the IRS levies (seizes) your wages, part of your wages will be sent to the IRS each pay period until: You make other arrangements to pay your overdue taxes, The amount of overdue taxes you owe is paid, or. The levy is released.

A lien is a legal claim against your property to secure payment of your tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets.

An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize, and sell your vehicle(s), real estate and other personal property. If you receive an IRS bill titled Final Notice of Intent to Levy and Notice of Your Right to a Hearing, contact the IRS or get help from a licensed professional right away.