Our Team at Defense Tax Group solve all of your problems you face in IRS. We provide you tax resolution and help in following tax issues listed below along with some commonly asked irs questions.
Do You Want to Settle your IRS Tax Debt?
It is important to understand the benefit of paying the IRS what you can afford to pay – even if it’s a small amount. Ignoring your tax debt will impel the IRS to use tough tactics against you, such as preventing you from getting future tax refunds until your outstanding debt is addressed.
IRS knows what to collect and when to collect. Like any other lender IRS is always open to compromise.
Other thing to remember is that it’s essential to make sure you are well represented when dealing with the IRS and as such, you should chose a tax attorney carefully. Our IRS tax attorney in Orange County are very well experienced to present your situation to the IRS.
Do You Want to stop your IRS Bank Levy?
If any tax payer failed to pay the tax the IRS will recover funds directly from tax payer’s bank account in relation to unpaid tax debt. The IRS can place a bank levy on almost any type of bank account, including savings accounts, checking accounts, joint bank accounts, mortgage escrow accounts, school bank accounts, or any other type of account that can be seized by the IRS to fulfill the tax debt. IRS bank levies can also be applied to IRAs, 401ks, and other retirement accounts.
Want to stop IRS Wage Garnishment?
IRS Wage Garnishment is the deduction of money from an employee’s monetary compensation resulting from unpaid IRS taxes. Most likely this should not be a surprise as the IRS will only levy one’s wages after repeated letters and warnings about the taxes owed. The is one of the IRS’s most aggressive tax collection mechanisms and should not be taken lightly. The IRS would rather resolve taxes in a different manner but they will levy when they feel they have run out of other options. It is important to understand how wage garnishments work to ensure you take the appropriate actions to avoid them or stop the IRS from taking your wages.
Do you want to Make Tax Lien Disappear?
A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy actually takes the property to pay the tax debt. If you don’t pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
Do you owe IRS interest in addition to any penalty?
If you owe tax and you have not filed the return on time, you will incur penalties. If you have unpaid taxes, you will owe the IRS interest in addition to any penalties. Interest rates are determined quarterly, and interest is generally compounded daily until full payment is made.
IRS Has A Levy And Is About To Seize Your Assets?
The IRS has broad powers to seize the property of a taxpayer who has neglected , failed, or refused to pay tax obligations as they become due. This legal seizure of a taxpayer’s property or assets to satisfy a tax debt by the IRS is referred to as a levy. This will include seize of real estate and vehicles to collect unpaid tax debt. Furthermore, the IRS can seize property not only in the possession of the taxpayer, but also property that is being held by another person or entity.
Dont know, How Much Tax You Will Need To Pay? What Are Your Tax Liabilities?
What ever income we are earning either through business or through any employment, IRS claims you to owe certain amount to the federal government based on the income you have earned. If you owe tax liability IRS provides many convenient ways to pay . It can be paid either by direct pay, pay by debit or credit card.
Do You Owe Money To The Irs And Dont Know How To Payoff Your Tax Bills?
The IRS will ask you to pay back taxes for a tax year if is satisfied that your scheduled deductions did not satisfy the tax liability. In this case you have to sure that you really owe the money. What happens sometime is that by mistake one amount is entered twice, in this case it is merely clerical error and this fact can be brought before IRS, in which case you will be exempted from the payment of additional back taxes.
Haven’t Filed Your Tax Return, Dont know what to do, Need Help?
Even if you are not a small business owner or sole proprietor, but simply a common individual, there can still be many issues which can develop into trouble for you when it comes tax time on April 15. Even private individuals will run into issues that leave them unable to pay the full amount of their taxes in a prompt and timely manner. In this case IRS will persue aggressively for not filing income tax returs However, if you are in this situation, you need not despair.
Pay Roll Tax Issues
Payroll taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff. Payroll taxes generally fall into two categories: deductions from an employee’s wages, and taxes paid by the employer based on the employee’s wages – [ cited from wikipedia ]
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.
2015 Payroll Tax Rates
The current tax rate for Social Security is 6.2% for the employer and 6.2% for the employee, or 12.4% total. The current rate for Medicare is 1.45% for the employer and 1.45% for the employee, or 2.9% total.Mar 6, 2015 – [ cited from – IRS.GOV ]
As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time. The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.
Do You Want To Solve Your Business Tax Issues ?
Business owners who do not file their company taxes properly will have to pay severe fines and even imprisonment if they came in lime light before IRS. Their property may even be seized if they play fraud before IRS.
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