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One of the worst things you can do with IRS back tax debt is continue to neglect it for years at a time. The Internal Revenue Service wants to add to the quantity you owe, and certainly will stop at nothing to collect that money on additional fees and interest costs.
They are the biggest collection agency on the planet, and we steadfastly believe that no one should have to face them by themselves.
For most of US, having them constantly harassing with revenue officers and letters, notices is a terrible thought.
That is why our Portland team is here to assist you. You certainly will have someone in your corner to help negotiate for you, and no longer need to manage the IRS by yourself.
So if you owe the federal government, or the state of Maine, our dedicated law firm is here to make your life easier.
With just 15 minutes on the phone with our experts, you will learn exactly what you’ll qualify for, and what to do.
Give our Maine team a call today!
Our Portland team can remove your wage garnishment within 24-48 hours
What is a Garnishment?
Should you owe the Internal Revenue Service back taxes and do not respond to payment notices or their phone calls then chances are that you may be subjected to an IRS wage garnishment. In other quarters, it’s also called wage attachment or a wage levy.
The garnishment procedure is generally quite extended, first the IRS discovers how much you owe them in back taxes, after this has been done, they’ll send you several payment request notices in the email as well as more than just one phone call with regards to the debt in question. You normally have thirty (30) days to get in touch with IRS with regards to this notice before they go ahead and forwarding the notice to your Portland employer. Once this notice has been sent to the Portland company, you have a further fourteen (14) days to make a reply before garnishment of wages starts. The employer typically has at least one pay period after receiving a notice of levy before they’re expected to send the funds.
How Much Can they Garnish from My Wages?
IRS garnishment rules commonly allow the Internal Revenue Service garnish or to deduct 70% or more of an employee’s wages; this is largely done with the aim of convincing the worker or his representative to touch base with IRS to settle the debt. Additionally it is worth saying that the income which are exempted from garnishment do depend on the tax filing status of the garnishee (filing jointly, married or single) and any number of listed dependents on the tax return.
Wage garnishments are generally one of the very aggressive and harsh tax collection mechanisms and one should never take them lightly, as a matter of fact, they’d rather resolve tax issues differently and just sanction this levy when they feel they’ve ran out of viable alternatives. This really is generally not possible due to a wide array of reasons, even though paying off the taxes you owe the IRS is the simplest way out of such as scenario. First of all, you might not possess the tax liability or the entire sum may belong to someone else or your ex spouse, you may be asked to show this however.
What should I do next because of a garnishment?
Do quite fast and you therefore need to discuss any payment arrangements with the Inland Revenue Service. In this respect, it is critical that you simply touch base with an expert who will help you quit or end the garnishment and to easily obtain a wage garnishment release. We’re a Portland BBB A+ rated tax business with a team of tax lawyers that are highly competent with a long record of satisfied clients along with years of experience to establish this. Get in touch with us and we guarantee to get back to you within the shortest time possible, generally within one working day or less. We guarantee that will help you achieve an amicable agreement together with the Internal Revenue Service(IRS) and get you a wage garnishment discharge.
Let our Maine team negotiate a payment plan for you, so you are able to afford to repay your debt over time
The IRS Installment Agreement is a means for taxpayers in Portland to pay their tax debt when they cannot pay it in full with their tax return. As long as the taxpayer pays their tax debt in full under this Agreement, they avoid the payment of the fee that’s associated with creating the Agreement and can reduce or get rid of the payment of penalties and interest. Establishing an IRS Installment Agreement requires that all necessary tax returns are filed prior to applying for the Agreement. The citizen cannot have some unreported income. Individual citizens who owe $50,000 or less in combined individual income tax including penalties and receive can interest 72 months the sum of tax owed . Sometimes, a citizen may ask for a longer period than 72 months to pay a tax debt of $50,000 or less. back
Good Parts about an Installment Agreement
The agreement will result in a few important gains for the taxpayer. While an arrangement is in effect, enforced set action WOn’t be taken. When the taxpayer can count on paying a set payment every month rather than needing to be worried about getting lump sum amounts on the tax debt, there will be more financial independence. The taxpayer will remove continuing IRS penalties and interest. The IRS will help in the event the taxpayer defaults on a payment providing the IRS is notified promptly, the citizen keep the arrangement in force.
Obligations of the Installment Agreement
Some obligations come with the Installment Agreement. The minimum payment should be made when due. The income of the incomes of citizens that were combined or an individual taxpayer should be disclosed when putting in an application for an Installment Agreement. In some cases, a financial statement must be supplied. All future returns should be submitted when due and all the taxes must be paid when due. This way of making monthly payments enable the citizen to request that the lien notice be withdrawn. If the taxpayer defaults on the Installment Agreement, however, the lien can be reinstated.
The citizen and the IRS can negotiate an Installment Agreement. Nevertheless, particular information should be supplied and any information might be subject to confirmation. For taxpayers owing more than $50,000, a financial statement will be required.
How to Get Ready to Apply for an Agreement
There are several precautions that must be contemplated while citizens can apply for an IRS Installment Agreement. Even though the IRS tries to make applying for an Installment Agreement a relatively easy procedure, there are some position which can make this a challenging task. It’s important to get it right the very first time that the application is made since many issues can be eliminated by an Installment Agreement with the IRS.
We are the BBB A+ rated law firm serving all of Portland and Maine, that can provide skilled assistance to you. Our many years of expertise working on behalf of citizens that have problems paying their tax debt with the IRS qualifies us to ensure acceptance of your application for an Installment Agreement.
Will you qualify to conserve up to 90% on your back tax debt? With an OIC deal, this may be the instance
What is an OIC agreement
The Internal Revenue Service helps the customer faced with serious tax problems instead or by paying bailing them out up to less compared to the sum owed. Yet, not all troubled taxpayers qualify for IRS Offer in Compromise Agreement. This really is completely after evaluation of the customer has been carried out, because qualification relies on several variables. The IRS Offer in Compromise Deal plays an instrumental role in helping citizens with distressed fiscal challenges solve their tax problems. This implies the IRS acts as the intermediary that helps the taxpayer pay their tax debt in the handiest and flexible fashion.
What Does it Take to Qualify for an OIC agreement?
Filling the applications doesn’t guarantee the Portland taxpayer a direct qualification. The IRS begins evaluation process and the overall appraisal that will leave you incapable of settling your taxes. The applications have to be filled with extreme precision stating clearly reasons for your inability to pay tax. These programs are then supported with other applicable documents which will be utilized by the IRS to ascertain the qualification of the citizen for an Offer in Compromise Agreement. Nevertheless, there are some of the few qualifications procedure that must be matched completely be the citizen. Some of these qualifications include but not restricted to ensuring the taxpayer files all the tax returns that they are legally bound to file, make and present all of the estimated amount of tax payments for the current year and eventually the citizen is supposed to make down payments for each of the federal tax for the current quarter especially for citizens who run businesses with employees. All these are the three basic tenets of qualification that every citizen seeking help from IRS must meet in order to be considered.
What to do Next
This really is an incredible law firm that’ll serve as a yard stick for those who require proper help in negotiating for an IRS offer in compromise deal. Do not hesitate to contact them because they have a powerful portfolio and a great security reputation. They have a team of dynamic and qualified professionals who are always on hand to assist you. Try them today and expertise help like never before. It’s simply the finest when it comes to negotiation of an IRS offer in compromise arrangement.
Un-Filed tax returns can add up to mean thousands in interest charges and extra penalties over time, so act now to avoid paying more.
Have you forgotten to file your back tax returns for several years? We can help.
The W-2S and 1099 forms for each tax year are crucial when filing your tax returns that are back, you receive. In the event you are eligible to credits and deductions; you will need to collect any other supporting document that can prove your qualification to the claim.
In case you have any missing tax file especially within the last 10 years, then you should request a copy from IRS simply by filing form 4506-T. Form 4506-T is the tax return transcript. IRS will offer you a transcript including the information you are required to file your tax returns.
Moreover, your back tax returns should be filed by you on the initial forms for that tax year. Start by seeking the IRS web site for them. Double check to ensure you’re utilizing the instructions linked to the exact same tax year returns are filling for once you have assembled all the important files. Tax laws are constantly changing and using the wrong directions may need the filing process to be started by you once more. Finally, you need to submit all the forms to the IRS through the address.
What to Do With Un-Filed Tax Returns
As you can when you have some additional income tax for the preceding years, you must comprise as much payment. This means you will reduce interest costs accumulation. Unlike the tax fees which stop to collect once they are at the maximum, the monthly interests continue to accumulate until the tax has been paid by you. They will send you a notice of the exact quantity that you should pay as a fee and interest rate after the IRS has received your tax returns.
If you’re not able to pay your tax returns in full, you may need to work with all the IRS. Nevertheless, you should note the past due debts and back taxes, can reduce your federal tax refund. Treasury offset application may use part or your entire national returns to settle any unpaid state or national debt.
You must know the Department of Treasury’s of the Fiscal Service, the Bureau of the Fiscal service or only BFS – runs the plan that is offset from the treasury. It might use component or your complete tax refund to pay some debts which include unemployment compensation debts, delinquent student loans, and parent support. You may have the right to part or the entire offset in the event you have filed tax returns together with your spouse.
The law prohibits IRS from using levies/liens in collecting individual shared duty payments. But in case you owe any shared responsibility payment, IRS can cancel the liability against tax refund due to you personally.
What You Should Do If You Have Neglected to File
You can consult our BBB A+ rated Portland tax law business for help for those who have not filed your back tax returns for many years.|} Our crew of experts in Maine is always ready to help you solve your problems and in addition they’re constantly ready to answer your questions.
Finally put a stop to the letters and notices the IRS has been sending to you, and let our Portland team help.
Notices and IRS Letters are sent to those who haven’t filed their tax returns or haven’t paid all of their tax obligation. The IRS is to blame for collecting taxes due from citizens to make sure the Federal Government has the funds to run its business. The IRS presumes that citizens who are delinquent in filing their tax returns and who fail to pay their taxes are discounting the reason why taxes are significant. The IRS also assumes that taxpayers don’t have a great rationale for not meeting their tax obligations. Aggressive pursuit of these citizens is the reason IRS letters and notices are sent. Delinquent citizens are on the Internal Revenue Service radar for performing speedy group actions. Citizens must remember that the IRS doesn’t need to commence any court action to levy wages, bank accounts and property. Pension income could be attached.
Many IRS letters and notices are sent to inflict a penalty on the taxpayer. Penalties are prolific. The different of penalties is 10 times that amount, although in 1988, there were just 17 fees that the IRS could levy. The Internal Revenue Service also has over 75 distinct letters and notices it can send to individual citizens. Some of these can surely become serious difficulties for the taxpayer.
Some Examples of Letters
Under-Reported Tax Debts
A notice that asserts a citizen has under reported their income is a serious question. Often, this may be accommodated easily, in the event the IRS claim is valid but the taxpayer will be evaluated a penalty and interest. If this notice crosses more than one year of tax filings, then the citizen could be accused of filing a fraudulent return. The interest and also the fees will amount to an inconceivable sum of money no matter the perceived intention.
A notice that threatens to attach a citizen’s wages, bank account or property is also serious. The IRS will send a letter warning of the impending action, and this letter will stipulate a period of time that the citizen has to solve the delinquency. Letters which were sent to the taxpayer in an attempt to solve the delinquency before it achieves the collection activity are followed by this notice.
Notice of Property Lien
A notice stating that the IRS has filed a lien on the citizen’s property also follows this action to be taken by letters of intent. The notice will include the quantity of the lien and the governmental agency where it was recorded. This lien will stop the citizen from selling the property until the lien is filled, or the lien amount will be deducted from the proceeds of a deal. The IRS can also induce the sale of the property to acquire fulfillment of the lien. A notice will be issued if a deal is planned.
What to do because of a IRS notice
The taxpayer should never dismiss IRS letters and notices. Rather, they need to immediately seek help with these possible risks to their financial protection. The truth is, if a citizen who considers they may receive letters and notices from the IRS can contact us so we can stop these from being sent. Contacting our BBB A+ Portland law firm is even more important if notice or a letter was received. We’ve got many years of successful experience in working with the Internal Revenue Service and state of Maine to resolve taxpayer problems.
You have enough to worry about with running your business in Portland - let our team solve your tax problems
Have Levies Removed from Your Portland Accounts Fast
Slashing your IRS penalty charges in half - our Portland firm can help you
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Other Nearby Cities
Alfred, Auburn, Bailey Island, Bar Mills, Bath, Biddeford, Biddeford Pool, Bowdoinham, Brunswick, Bustins Island, Buxton, Cape Elizabeth, Cape Porpoise, Casco, Chebeague Island, Cliff Island, Cornish, Cumberland Center, Cumberland Foreside, Danville, Durham, East Baldwin, East Parsonfield, East Poland, East Waterboro, Falmouth, Freeport, Georgetown, Gorham, Gray, Harpswell, Hollis Center, Kennebunk, Kennebunkport, Lewiston, Limerick, Limington, Lisbon, Lisbon Falls, Long Island, Merepoint, Minot, Naples, New Gloucester, Newfield, North Waterboro, North Yarmouth, Ocean Park, Old Orchard Beach, Orrs Island, Peaks Island, Phippsburg, Poland, Portland, Pownal, Raymond, Saco, Scarborough, Sebago, Sebago Lake, Sebasco Estates, Small Point, South Casco, South Freeport, South Portland, South Windham, Standish, Steep Falls, Topsham, Waterboro, Wells, West Baldwin, West Kennebunk, West Poland, Westbrook, Windham, Yarmouth
|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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