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The Internal Revenue Service wants to add to the amount you owe, and will stop at nothing to collect that money on interest charges and additional penalties.
They’re the largest collection agency on earth, and we steadfastly believe that no one should have to face them by themselves.
For most of US, having them always harassing with letters, notices and revenue officers is a horrifying idea.
That is why our Bangor team is here to assist you. You will have someone in your corner to help negotiate for you, and no longer have to manage the IRS on your own.
So if you owe the federal government, or the state of Maine, our dedicated law firm is here to make your life simpler.
With only 15 minutes on the telephone with our specialists, you will know exactly what you may qualify for, and what to do next.
Give our Maine team a call today!
Let our lawyers deal together with the Internal Revenue Service and state of Maine, in order to focus on running your company.
The IRS is a formidable collection machine for the Federal Government, and they will accumulate, in case your company has fallen into IRS or Maine business tax debt. Thus, if your business has delinquent taxes such as payroll tax debts there is no need to scurry for cover (and remember – never conceal) even if you know little or nothing about dealing with IRS company tax debts. There are experienced professionals prepared to assist.
Un-Paid Payroll Tax Filings
The IRS looks at payroll tax – taxes imposed on companies and workers – from two perspectives:
- (a) Taxes a company pays the IRS based on the wages paid to the employee (known as withholding tax’ and is paid out of the employers own funds) and
- (b) A percentage of wages the employer deducts from an employee’s wages and pays it to the IRS.
The employer ends up footing the bill for both the kinds of taxes as the withholding tax results in lower wages.
Tax Repayment Schedule
Employment or Payroll taxes are collected by the Internal Revenue Service through the Electronic Federal Tax Payment System (EFTPS). This payment program may be monthly or semi-weekly.
In the event you are a brand new company and didn’t have any employees during your look back span’ or in case your overall tax liability is up to USD 50,000 for your look back interval’, you must follow a monthly schedule.
If your payroll tax liability is less than USD 50,000 you will have to follow a semiweekly deposit schedule. You may fall into a payroll tax debt in the event that you don’t pay your taxes on these days. You need to seek the professional services of tax professionals to guide you through this labyrinth of procedures and keep from falling into payroll tax debt and prevent substantial fees.
Dealing With Unfiled Tax Debt
Revenue collected through taxes including payroll tax are spent on capital plans for example; healthcare, social security, worker’s compensation, unemployment compensation and at times to boost local transportation that takes many workers to and from work.
When you need to deal with IRS tax debts, it is extreme important to stay in contact with your IRS officials – never avoid or hide from them. Most IRS penalties contain a compounded interest rate of 14% this can turn a company turtle in an exceedingly short time, so dealing with IRS business tax debt it paramount.
How a Seasoned Bangor Tax Pro Can Assist You
Being in an IRS company debt situation is serious. You may have time on your own side since the IRS is slow to begin processing your account, but when they gain momentum things get worse for you. However, you aren’t helpless. There are procedures you may be qualified for that a Maine professional can use his good offices with the IRS to help you over come your company debts.
Among others, you need a professional’s help for those who haven’t heard of an Offer in Compromise, Tax Lien Period, Uncollectible Status and Insolvency. Waste no more time, get in touch with us today to get out of business tax debt and save your company from close.
By using our penalty abatement system, you can instantly cut your tax debt in half.
Once the IRS hit on you or your firm with a tax bill, it usually appends interest fees and fees. These additional fees might be dreadful such that an old tax bill could have double in interest and fees immobilized onto it. Some penalties, like late payments, they are included automatically by IRS computers. Otherwise, punishments may be inflicted by IRS staff if you dishonored a tax code provision, like filing a late return.
Once penalties are inflicted, should you not whine, the IRS assumes you admit them. Fortunately, the IRS can confiscate a fee just as straightforward as it comprised one. The key to the realm of the tax penalty relief is showing a reasonable reason behind your letdown to obey with tax law.
The total amount of tax code fines that are different is staggering. Here are a few of the penalties that IRS will tack on to the debts of people who have not filed their tax debts that are overdue.
The IRS will impose a 20 % penalty on you if you drastically minimized your taxes or were unreasonably negligent. This precision-associated fine is employed it is learnt by the IRS as well as when you are unable to set a deduction in a review, or you didn’t submit all of your income.
A fee 75% can be attached, if the IRS finds that you weren’t reported your income with a deceitful intention.
Generally, the IRS will add a penalty from 0.25 % to 1% for each month to an income tax invoice, which is not paid punctually. Fines for failing to make payroll tax deposits punctually are considerably elevated.
Not Filing on time:
The IRS can fine you an additional 5% per month on any outstanding balance, if you didn’t file your return on time. But this punishment might be used only for the initial five months following the due date of the return, equivalent to a 25% higher cost. The IRS can still impose lesser penalties, if there isn’t any outstanding balance.
When you know the motive and how the IRS strike you with fines, you may require that they be abridged or eliminated. The IRS name for this particular process is called an abatement. About one-third of all tax penalties are ultimately abated, and it will be more should you know the strategies to fight them.
Just educating the IRS that you cannot manage to compensate it, or do not enjoy a penalty, WOn’t work. You need to show reasonable cause, which means a supplication that is good. As stated by the IRS, any sound cause advanced as the reason for postponement by a taxpayer in making deposits, filing a return, or paying tax when owed will be cautiously analyzed.
Methods to request for an IRS penalty and interest abatement
Enclose these documents with your written request.
- Letter from a registered medical practitioner, describing your state that prevented you from filing your tax return punctually.
- Death certificate substantiating the bereavement of close relationships or your blood.
- A detailed report from the fire department if your property is damaged due to fire.
What to Do Next
There are several easy and productive methods to get your tax fines or interest condensed or even removed totally, in case you have been levied penalties by the Internal Revenue Service. We have been for decades in the industry and we’re devoted to offer our customers a professional IRS penalty and interest abatement service legitimately. Contact us today to resolve all your tax problems and the related fees imposed by the Internal Revenue Service on you or in your Bangor company.
The best method of eventually getting out of debt would be to use the expertise and know how of a reputable law firm serving Bangor
Have you been fighting for a number of years with your back tax debts, and are finally fed up with dealing with the Internal Revenue Service by yourself?
Have they began sending notices and letters to business or your home, demanding you pay interest charges and extra penalties for the amount you owe?
If so is hire an experienced and reputable tax law business to be by your side each step of the way. The great news is, our Bangor company is the best candidate for the job, with an A+ company standing with the BBB, tens of thousands of satisfied clients all around the country (especially in delightful Maine), and our own team of tax lawyers, CPAs and federally enrolled representatives, all prepared to work in your case today.
The IRS is the biggest collection agency in the world, with a large number of billions and revenue officers of dollars set aside to chase great, hard working people like you for the money you owe. The sole thing they care about is getting the money they are owed. You shouldn’t have to face them by yourself. We do not get intimidated about like ordinary citizens can use our private contacts to negotiate the settlement that you need, and do.
Using experienced Bangor legal counsel on your tax dilemmas is like having an expert plumber come and repair your massively leaking water main. Sure you could likely finally learn the way to fix it by yourself, but by the time you do, your house is most likely permanently damaged from leaking, and will cost a lot more than simply hiring the specialist in the very first place.
Do yourself, your family and your future a favor right now, and let our Bangor law firm help you with your back tax problems right away. Our crew of specialists is standing by, prepared to help you!
Has the IRS been sending you letters and notices? Need that to quit immediately? We can assist.
Notices and IRS Letters are sent to those who have not paid all of their tax obligation or haven’t filed their tax returns. The IRS is to blame for collecting taxes due from citizens to make sure that the Federal Government has the funds to run its business. The IRS assumes that taxpayers who fail to pay their taxes and who are delinquent in filing their tax returns are ignoring the reason why taxes are not unimportant. The IRS also presumes that taxpayers don’t have a great rationale for not fulfilling their tax obligations. Competitive pursuit of these taxpayers is the reason why IRS letters and notices are sent. People who have filed their tax returns but haven’t paid all of the taxes which are due, will also get IRS letters and notices. Delinquent citizens are on the Internal Revenue Service radar for do collection activity that is fleet. Citizens should remember that the IRS will not have to initiate any court actions to impose wages, bank accounts and property. Pension income can be attached.
Many IRS letters and notices are sent to impose a punishment on the citizen. Penalties are prolific now. In 1988, there were only 17 fees that the IRS could levy, but the different of fees is 10 times that amount. Some of these can certainly become serious issues for the citizen.
Some Examples of Letters
Notice of Under-Reported Tax Debts
A notice that claims a taxpayer has under reported their income is a serious issue. Frequently, this may be accommodated readily, but the citizen will be assessed a fee along with interest if the IRS claim is valid. Whether this notice crosses more than one year of tax filings, then the citizen might be accused of filing a fraudulent return. The penalties as well as the interest will amount to an inconceivable amount of money irrespective of the perceived intention.
A notice that threatens to attach a taxpayer’s wages, bank account or property is also serious. The IRS will send a letter warning of the impending actions, and this letter will stipulate a period of time that the citizen has to resolve the delinquency. This notice follows letters that have been sent to the citizen in an attempt to resolve the delinquency before it reaches the collection actions.
A notice stating that the IRS has filed a lien on the taxpayer’s property also follows letters of intent to take this action. The notice will include the amount of the governmental bureau along with the lien where it was recorded. This lien will prevent the taxpayer from selling the property until the lien is satisfied, or the lien amount will be deducted from the profits of a sale. The IRS may also induce the selling of the property to obtain fulfillment of the lien. If a deal is planned, a notice will be issued.
What to do because of a notice
The citizen should never ignore IRS letters and notices. Rather, they need to promptly seek help with these potential hazards to their financial protection. Contacting our BBB A+ Bangor law firm is even more important if a letter or notice has been received. We’ve got many years of successful experience in working with the IRS and state of Maine to resolve taxpayer problems.
A 15 minute consultation with our Bangor team can help possibly save you thousands of dollars
What is an Offer in Compromise Program
The IRS and/or state of Maine helps the customer faced with serious tax problems by paying or instead bailing them out up to less than the sum owed. However, not all citizens that are distressed qualify for IRS Offer in Compromise Agreement. This is just because qualification relies on several factors after evaluation of the customer has been carried out. The IRS Offer in Compromise Deal plays an instrumental role in helping taxpayers with fiscal challenges that are distressed solve their tax problems. This implies that the IRS functions as the intermediary that helps their tax debt is paid by the taxpayer in the manner that is handiest and adaptable.
How Hard is it to Qualify for an OIC agreement?
Filling the applications doesn’t guarantee the Bangor taxpayer a direct qualification. The IRS starts evaluation procedure and the total assessment that will leave you incapable of paying your taxes. The applications have to be filled with utmost accuracy saying certainly reasons for your inability to pay tax. These applications are then supported with other important documents that’ll be used by the Internal Revenue Service to determine the eligibility of the taxpayer for an Offer in Compromise Agreement. However, there are a few of the few qualifications procedure that has to be satisfied totally be the taxpayer. Some of these qualifications include but not restricted to ensuring the taxpayer files all the tax returns they are lawfully bound to file, make and present each of the estimated amount of tax payments for the current year and finally the citizen is designed to make deposits for all of the national tax for the current quarter particularly for taxpayers who run businesses with workers. All these are the three basic tenets of qualification that each taxpayer must meet to be able to be considered.
What to do Next
This is a fantastic law firm that may serve as a yard stick for people who need suitable help in negotiating for an IRS offer in compromise arrangement. Don’t hesitate to contact them because they’ve a powerful portfolio and a good security standing. They have a team of dynamic and competent professionals that are always on hand to help you. Try them now and experience help like never before. It is just the greatest when it comes to discussion of an IRS offer in compromise arrangement.
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Other Nearby Cities
Aurora, Bangor, Bradford, Bradley, Brewer, Brooks, Bucksport, Carmel, Charleston, Corinna, Corinth, Costigan, Detroit, Dexter, Dixmont, East Newport, East Orland, Eddington, Ellsworth, Etna, Exeter, Frankfort, Garland, Greenbush, Hampden, Holden, Howland, Hudson, Kenduskeag, Lagrange, Levant, Milford, Monroe, Newport, Olamon, Old Town, Orland, Orono, Orrington, Palmyra, Passadumkeag, Penobscot, Pittsfield, Plymouth, Sandy Point, Searsport, Stetson, Stillwater, Stockton Springs, Surry, Thorndike, Troy, Winterport
|Services / Problems|
Removing Wage Garnishments
Getting Rid of Tax Liens
Removing Bank Levies
Filing Back Tax Returns
Stopping IRS Letters
Stopping Revenue Officers
Solving IRS Back Tax Problems
Ironing out Payroll Tax Issues
Relief from Past Tax Issues
Negotiating Offer in Compromise Agreements
Negotiating Innocent Spouse Relief Arrangements
Penalty Abatement Negotiations
Assessing Currently Not Collectible Claims
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