When searching for tax relief assistance it is important to choose a firm that you can trust and that has the necessary experience to deal with the IRS and other taxing entities competently, efficiently, and professionally. If you have tax problems, time is of the essence in every case in order to avoid aggressive collection efforts by the taxing entities. Do not wait for the IRS or other taxing entities to come knocking on your door, and if they’re knocking do not open that door without competent representation.
When you call the Villegas CPA Firm, you will be treated courteously and with the respect that you deserve. We will work tirelessly to resolve your tax problems so that you can get back to enjoying your life.
TAX PROBLEMS
UNPAID TAXES
Not paying your taxes, especially federal taxes, can and likely will lead to serious financial problems. Failure to pay back taxes will result in significant penalties and interest which can compound over years and make your tax debt substantially larger than it initially was. In addition, failure to pay back taxes may result in levies being placed on your wages or bank accounts, liens against your property, or even seizure of personal or business assets.
As the Villegas CPA Firm we assist our clients that owe back taxes by structuring Offers in Compromise and Installment Agreements. In addition, penalties and interest related to back taxes may be abated or eradicated either partially or in full for one tax year or multiple tax years. Whether it is Offers in Compromise, Installment Agreements, or penalty and interest abatements, we represent our clients zealously and aggressively before the IRS to ensure that our client’s rights are not only protected but exercised.
PAYROLL TAX LIABILITY
When employers fail to withhold payroll taxes or fail to pay those payroll taxes withheld from employees to the IRS a payroll tax is created. Failure to pay payroll taxes is a common problem among small business owners and is considered a very serious offense. Owing payroll taxes is such a serious offense that it may lead to the IRS or taxing entity closing down the business. Also, if you are a business owner or work for an employer that owes payroll taxes, you may be held personally liable for paying the payroll taxes of the company. We have over 18 years of experience dealing with payroll tax problems and are here to help you. Time is of the essence when it comes to resolving payroll tax problems so give us a call right away.
UNFILED TAX RETURNS
If you have failed to file tax returns and taxes are owed, be aware that you can be fined up to $25,000.00 per year and/or sentenced to one year in prison for each unfiled year. Not filing tax returns is a serious issue that will result in serious consequences if you fail to take immediate action and are not properly represented. Also, if a taxpayer neglects to file their taxes, the IRS will file a tax return for them using a Substitute for Return. These filings usually do not contain many of the tax deductions or credits a taxpayer may qualify for. The first phase of getting in compliance with the IRS is filing all unfiled tax returns or replacing tax returns that the IRS filed for the taxpayer. Our staff of tax professionals includes experienced tax preparers that assist our individual and business clients file all necessary tax returns and ensure that they are prepared accurately.
TAX AUDIT
Going through a tax audit can be a nerve racking experience to say the least. If you are facing an audit for income taxes, corporate taxes, payroll taxes, franchise taxes or are looking to appeal an auditor’s decision, working with an experienced and aggressive tax professional can be the first step to a real solution. At the Villegas CPA Firm, we will handle every aspect of your audit from helping you decide what your best options are to preparing evidence and representing you at the audit conferences.
If you have already faced an audit and lost your case, we will aggressively represent you in an appeal. As a taxpayer, you have specific legal rights in the audit process, which we will ensure are thoroughly protected. Give us a call so that you can be sure you are well equipped to address any issues that arise during the audit and that you have someone on your side that will aggressively fight for your rights every step of the way.
BANK LEVY
When the IRS or taxing entities issue a bank levy, the financial institutions that the taxpayer does business with are required by law to freeze all funds in the taxpayer’s account up to the amount owed and send them to the IRS or taxing entity.
If you have received a notice of a tax levy, you have a very short period of time in which to act in order to avoid having your financial institution(s) send your money to the IRS or other taxing entities. Gives us a call right away so we can begin the process of getting the levy removed and your money released back to you.
IRS TAX LIENS
If a taxpayer owes back taxes, the IRS will file a federal tax lien against a taxpayer’s property or person in order to ensure that if the taxpayer sells assets that the IRS will get paid what it is owed from the proceeds of that sale. A tax lien is an aggressive collection action taken by the IRS to get paid on tax debts. It attaches to all of the taxpayer’s property including accounts receivable and proceeds from contracts. A tax lien can have a devastating affect on a taxpayer’s credit rating making it extremely difficult to qualify for a loan, to buy a home or car, apply for a new credit card, or even enter into a lease. A tax lien can also lead to a taxpayer being denied certain security clearances if they work for the government or to qualify for government contracts, as well as losing their license in certain fields.
We have over 18 years of experience dealing with IRS federal tax liens and are here to help you. If the IRS has filed a federal tax lien against you or your company, call us right away!
IRS WAGE GARNISHMENTS
In order to collect back taxes, the IRS may go after a taxpayer’s wages. The IRS will notify a taxpayer’s employer to withhold a large percentage of the employee’s wages to be paid directly to the IRS or face penalties themselves. A wage garnishment can have a serious adverse affect on a taxpayer’s finances and/or job. For the self-employed, the IRS sends the wage garnishment to whomever owes the taxpayer money and they are required to submit the amounts owed directly to the IRS.
If the IRS has issued a wage garnishment against you, time is of the essence and you should call us immediately! We have over 18 years of experience dealing with IRS wage garnishments and are here to help you.
PENALTIES & INTEREST
As long as the taxpayer has an outstanding tax liability, penalties and interest will continue to accrue even when an agreement for repayment is in place. Generally, there are two types of penalties: the Failure to File Penalty and the Failure to Pay Penalty. The Failure to File Penalty adds five percent of the total tax debt every month a taxpayer fails to file his/her return up to 25 percent. The Failure to Pay Penalty adds an additional 0.5 percent of the total tax debt every month, up to the maximum of 25 percent, until the tax debt is paid. In addition, taxpayers who significantly understate their tax liability on their tax return may be charged an additional 20 percent penalty. Taxpayers also risk facing civil penalties if the IRS suspects tax fraud. Executives and employees in corporations may be personally assessed civil penalties by the IRS for failing to pay payroll taxes.
The Internal Revenue Code gives taxpayers the right to request penalty abatement. Penalty abatement can be one of the most significant savings vehicles for a taxpayer when it comes to resolving IRS tax debt but should be prepared by an experienced tax attorney. If you owe a tax liability to the IRS… give us a call immediately! We are experienced in preparing penalty abatement requests to get penalties and related interest eliminated resulting in significant savings for our clients.
STATE TAX PROBLEMS
In many instances, state taxing authorities can be even more aggressive and difficult to deal with then the IRS. Don’t let an aggressive collection agent take your home, business, savings or your wages. Whether you owe unemployment taxes, sales taxes, or franchise taxes, at the Villegas CPA Firm we have over 20 years of experience in dealing with state taxing entities. If you are experiencing tax problems involving state taxing agencies, do not be afraid but do not fight them yourself. Let our team handle your tax problems so that you can rest easy knowing that you are being taken care of by competent tax professionals.
UNPAID PROPERTY TAXES
If you or your company have fallen behind on your property taxes or are disputing the amount of taxes that the local taxing entities claim you owe, give us a call to schedule an appointment. At the Villegas CPA Firm, we assist our clients that are delinquent in paying their property taxes by negotiating affordable installment agreements with the attorneys representing the local taxing governments. We also represent our clients before the Central Appraisal District and the Appraisal Review Board where there is a dispute regarding: (i) excessive property valuation; (ii) equal and uniform taxation; (iii) charitable, religious, and other exemptions; and (iv) special-use valuation.
PROPERTY TAXES
If you or your company have fallen behind on your property taxes or are disputing the amount of taxes that the local taxing entities claim you owe, give us a call to schedule an appointment. At the Villegas CPA Firm, we assist our clients that are delinquent in paying their property taxes by negotiating affordable installment agreements with the attorneys representing the local taxing governments. We also represent our clients before the Central Appraisal District and the Appraisal Review Board where there is a dispute regarding: (i) excessive property valuation; (ii) equal and uniform taxation; (iii) charitable, religious, and other exemptions; and (iv) special-use valuation.
TAX PROBLEM SOLUTIONS
INSTALLMENT AGREEMENT
What an Installment Agreement does is to allow the taxpayer to pay down their tax liability through affordable monthly payments. Once an Installment Agreement is in effect, the IRS will suspend its collection efforts so long as the taxpayer pays according to the terms of the Installment Agreement. Just like other tax relief available to taxpayers, Installment Agreements are granted on a case by case basis and are based not only on the taxpayer’s financial situation but also the competence of the professional negotiating with the IRS. If you have a tax liability and would like to pay the amount owed thru affordable monthly payments give us a call. We have over 20 years of experience dealing with IRS and other taxing entities and are here to help you. Although we cannot guarantee a particular outcome in these cases, actually no one can, we will guarantee that every remedy available to you will be explored and that we will do our very best to get you and/or your company an affordable Installment Agreement.
OFFER-IN-COMPROMISE
An Offer-In-Compromise negotiated by competent attorneys and CPAs is one of the most ideal solutions for resolving your tax problems. The Internal Revenue Code allows taxpayers to make offers to settle their tax debt which will result in huge savings for the taxpayer, however, if they are not properly prepared and submitted, these offers will be rejected by the IRS. Whether a taxpayer qualifies for an Offer in Compromise depends not only on the taxpayer’s financial situation but also knowing how to structure an Offer in Compromise so that it has the best chance of being accepted by the IRS. Do not be fooled by “tax professionals” promising you huge savings by submitting offers-in-compromise that do not have a chance of being approved. There is no way to determine whether a taxpayer qualifies for an Offer-In-Compromise without having detailed financial information from the taxpayer. In order to maximize the likelihood of approval, legal assistance from an experienced tax attorney is required. We have over 20 years assisting clients with their tax problems and can advise you whether or not an Offer-in-Compromise is right for you.
INNOCENT SPOUSE RELIEF
Innocent Spouse Relief is an IRS tax relief program through which a spouse can claim ignorance of an understatement of due taxes and get relief from a joint tax debt, including penalties and interest. Generally, couples filing jointly are held equally responsible for the return and the payment of appropriate taxes. In some cases, one spouse has understated the tax liability and, unknowingly, the other spouse signed the return. The innocent spouse may not be responsible for paying the additional taxes and penalties. The rules governing the application of the Innocent Spouse solution are complex and in order to get this type of relief, the innocent spouse must be represented by an experienced attorney. At the Villegas Law Firm we assist spouses who through no fault of their own owe taxes to the IRS because the other spouse understated their joint tax liability. If you believe you have incurred a tax liability through no fault of your own, give us a call so that we may analyze your case and guide you through the process of removing the tax liability.
CURRENTLY NOT COLLECTIBLE STATUS
When a taxpayer’s account is placed on Currently Not-Collectable Status, the IRS will stop any further collection actions which would include bank levies, wage garnishments, property seizures, etc. Typically, the Currently Not-Collectible Status is appropriate for those taxpayers that are unable to meet their monthly living expenses because of unemployment, are on a low fixed income, or are sick and unable to work. At the Villegas CPA Firm, we assist taxpayers experiencing financial hardship by contacting the IRS and placing the taxpayer’s IRS account on Currently Not-Collectable Status. We have over 20 years of experience dealing with the IRS and are here to help you. Although we cannot guarantee a particular outcome, actually no one can, we do guarantee that we will work diligently to help you by placing your tax account on Currently Not-Collectable Status and finally get the IRS off your back.