IRS AND STATE TAX PROBLEM RESOLUTION

Have you received a notice from the IRS or state?
Do you owe back taxes?
Are you currently being audited by the IRS or state?

If you have answered "Yes" to any if these questions , DO NOT IGNORE IT. Premium Tax Source is experienced in representing you before the IRS and state. Why is this helpful to you? It is important because many people who represent themselves before the IRS and state, find themselves in an overwhelming and frustrating set of circumstances beyond their control and with a large tax bill.

Instead, let Premium Tax Source spend the time to research the issue, organize the documentation for proof to fulfill the Auditor's continued requests, attend meetings, and correspond to the IRS and state letters. Tax laws are set up to ensure that you prove your innocence by having you substantiate every line item on your tax return. This is cumbersome enough, while also trying to understand and keep up with all the current tax laws.

The options to resolve your problem are dependent upon your tax situation. Things that may be considered are errors made by the taxation authorities, financial standing of the taxpayer and more. Below are some methods that can possibly be used to resolve your tax problem.

CDP or CAP Hearing: The IRS and many states provide the taxpayer the ability to appeal certain tax actions, whether they are enforcement actions or decisions that a taxpayer wants to challenge.
Filing Tax Returns: Sometimes just filing tax returns that were due can help you alleviate any tax problems.
PPIA: This method allows the taxpayer to make a payment amount they can afford each month. The statute of limitations may expire before the total amount is satisfied.
Uncollectible/Hardship: Any type of activities against the taxpayer may be stopped until the taxpayer’s financial situation improves. If the financial situation does not improve by the time the statute of limitations expire, the amount in question does not have to paid.
Fines Abatement: If it can be proven that the taxpayer has an acceptable reason for not staying in compliance with the tax laws, the taxation authorities may waive fines that were charged.
Amending Tax Returns: Many situations come up where the taxpayer may have made errors with a prior filing or the taxation authorities filed on the taxpayers behalf which caused them to have a higher liability than they actually should have. Amending these returns can significantly change the tax balance due, or possibly even be due a refund.

Call or email us to set an appointment and let Premium Tax Source give you peace of mind.