• UNFILED BACK TAX RETURNS
  Do you have back returns that are unfiled? Are you missing the records and forms necessary to file the returns?
  
  We have the experience and procedures to assist you in reconstructing the records necessary to file the back returns.
  
  The IRS will not allow you to file an offer in compromise or get an installment agreement if you are not current on filing your back returns.
  
  If you have a refund coming to you and you file more than 3 years past the due date, the IRS will keep the refund.
  
  It is important to get your past due returns filed.
  
  
• OFFER IN COMPROMISE

 Some people can qualify for a settlement with the IRS in which they pay pennies on the dollar to resolve their tax liability with the IRS. There are three reasons to file an offer in compromise. The first is when there is doubt as to your liability.

You believe the IRS liability is not valid and feel that the IRS will have difficulty proving it. The second is when there is doubt as to your ability to pay the taxes owed under your current circumstances.

Most offers are filed under this section. The third is where taking your
assets will create an undue hardship.

A review of the facts of your case are needed to determine if you qualify under one of the reasons to file an offer in compromise.

Not everyone will qualify and it is a waste of your time and money to file an offer in compromise if you do not really qualify.

We will not file an offer in compromise for our clients unless we believe there is a good chance of it being accepted.

There are many people out there who will guarantee that they can get you an offer in compromise if you pay them their fee.

Unfortunately the client finds out later that they never qualified for an offer in compromise in the first place.

Let us review the facts in your case and we will give you a realistic appraisal of your chances of qualifying for an offer in compromise.


• INSTALLMENT AGREEMENTS
  You owe the IRS, don't have the money to pay them and do not qualify for an offer in compromise, what do you do?
  
  An agreement to pay the IRS back in installment payments can be negotiated.
  
  The payment plan must be one that you can realistically pay back over a period of time while staying current on future tax returns.
  
  You might even qualify for an installment payment of zero if you have no ability to pay on the back taxes.
  
  You will have to agree to stay current on the future taxes. We can negotiate with the IRS to obtain an installment payment that you can live with.
  
  
• LEVIES AND GARNISHMENTS
  
 The IRS can file a levy at your place of work or bank. The levy will force your employer or bank to withhold funds from you and send them directly to the IRS. Levies are usually the result of poor or no communication with the IRS. We get a lot of calls from clients that have had a levy sent to their work or bank. We understand how important a regular paycheck is to our clients and their family.

Upon being retained, we immediately contact the IRS to start the negotiation to release the levy. In most cases we are able to get the levy released before any paychecks are lost.


• LIENS
  
 Federal tax liens are a public record stating that you owe federal taxes and are filed in the county you live.

Because the liens are public records they will show up on your credit report. This often makes it difficult or impossible for a taxpayer to obtain financing, even for an automobile or home. The liens need to be reviewed to determine if they are valid. If the liens are valid, a strategy must be developed to deal with the IRS tax liabilities.


• PENALTY ABATEMENT

 You may already know that a small delinquent tax debt can compound into an unmanageable amount within a short period of time. The reason is because of Penalties and Interest. Penalty Abatement (or Reduction) is one of the key services we provide and also one of the key factors toward helping you to get your tax debt resolved in as short a period as possible.

To get penalties abated or eliminated, you will have to show that you had a good reason for not paying your taxes. Common reasons include:

• Death of a family member
• Serious health problem
• Bad or erroneous financial advice
• Flood, hurricane, fire or other natural disaster
• Theft of funds, including embezzlement
• Lost or destroyed records
• Divorce that caused extreme stress and deteriorated your financial condition
• Unemployed for an extended period of time
• On a fixed income or retired
• Caring for another person and the financial strain this is placing on you
There are an infinite number of reasons, of course. But these are the most common.

Your application for a Penalty Abatement will be reviewed by a Revenue Officer and it is entirely up to the discretion of this Officer to make the final decision. For this reason, it is critically important that you present a well-prepared and well-documented application package. Our Tax Professionals are experts at preparing application packages that look professional and well-thought out.


• PAYROLL TAXES
  
 The IRS is particularly aggressive when it comes to collecting on delinquent payroll taxes (form 940 and 941). These are taxes withheld from an employee’s pay by the employer and which are supposed to be submitted to the Federal Government.
If you wait too long, the IRS may take more aggressive steps to collect, including looking to you and your officers to paying the debt.

If the IRS has already taken action against you for back Payroll Taxes, we can still help. In many cases, we may be able to convince the IRS not to touch your personal assets, wages, and bank accounts as long as an acceptable agreement on behalf of your corporation is negotiated quickly.
Regardless of the stage of collection the IRS is in, we will always work to negotiate on your behalf to get the IRS to seek recovery of the payroll taxes from your company and not from your personal assets.


• INNOCENT SPOUSE
  
 Couples filing joint returns are held equally responsible for the tax return and the payment of appropriate taxes. In some cases, though, one spouse has underestimated the tax liability and, unknowingly, the other spouse signed the return. In this case, 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 somewhat convoluted but they can be boiled down into the following:


• The innocent spouse did not know there was an understatement of taxes and would have no reason to know that there was an understatement of taxes.
• All or some of the understatement was the responsibility of and can be
  attributed to the other spouse.
• It would be unjust to hold the innocent spouse responsible for the actions of the other spouse.
• There are numerous techniques that can help to protect current and former spouses from liability that was incurred in a prior marriage. Worry Less and Live More!



• CURRENTLY NOT COLLECTIBLE
  
 In certain circumstances where the taxpayer is not working, has little or no income, is sick or seriously ill, is too elderly to reasonably expect to pay the back taxes, or has no assets of any liquidation value, the IRS may classify the taxpayers case "Currently Not Collectible".

This status means that the IRS will, for the time being, stop any collection action. This status is temporary and may change at any time if the taxpayer's situation improves. The IRS will continue to monitor the taxpayer's situation to see if any changes occur and will then act appropriately to collect on the debt.

For example, if the taxpayer receives an inheritance, or goes back to work, or recovers from an illness, and the IRS learns of this new situation, the IRS will re-classify the case as "Active" and resume collection activity.

We understand the tax law and how the IRS operates internally. This allows us to solve your IRS problems in the most efficient and effective manner possible. You have rights and we will protect those rights. We will fight to get you the lowest acceptable offer. Additionally, we can work with you to prevent the IRS or other governmental agencies from taking drastic actions such as tax liens, tax levies, audits, wage garnishment, seizure of assets or imposing additional penalties. Northpark Tax Resolution offers tax resolution services and IRS help to citizens throughout the United States.

We understand that having a tax problem is a very personal and often very stressful matter. We hope to establish an honest and open working relationship that is not based on false hopes, unreasonable promises, or intimidation tactics.

As your representative, we will ensure that the IRS and/or state tax agencies act within their guidelines, and follow proper procedures when attempting to collect on a tax that may be owed. Our firm will also make sure that your rights as a taxpayer are not violated and that the IRS and/or state tax agencies do not force you to reveal information that may not be pertinent or required, or may be used against you.

By having our firm act on your behalf, you will no longer have to deal directly with the IRS and/or state tax agencies. We will work with you to develop a solution to your tax problems so that you can relax and rest easier.

During this entire process, we will treat you fairly, honestly and with respect, and will respond in a timely manner to all of your inquires on all matters.

Download Presentation content