apex tax defense llc: Boulder, CO: The IRS Filed a Federal Tax Lien By Mistake - Now What?
- 01/28/20 02:36 PM
I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. Recently I had a client who owed less than $50,000 and wanted to set up an installment agreement, but also wanted to avoid getting hit with a tax lien filing. Generally, this is done by doing what is called a direct debit installment agreement, where forms are sent into the IRS, and once all documentation is processed, the IRS automatically withdraws the money out of your bank account. After properly setting up the agreement, we all thought it was a done deal. I was told by the IRS agent that the client would receive (1 comments)
apex tax defense llc: Boulder, CO: Back Tax Debt? Here Is How To Spend Your Money!
- 01/26/20 08:54 PM
I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. The single biggest thing you can (and NEED) to do is get into compliance (ie - file your tax returns). The IRS simply will not deal with you or speak to you unless they have the returns to work off of. Ideally, no matter what your tax filing situation is, the ultimate goal is pretty straight forward: file all of your back returns (typically the six most recent prior years), and deal with whatever amounts you owe for those years. There are several collection alternatives to resolve your situation such as an installment (2 comments)
apex tax defense llc: Boulder, CO: What Happens If I Can't Pay My Taxes?
- 01/16/20 01:26 PM
I focus my practice on tax resolution, representing taxpayers in Colorado, Florida, Texas, New York, California and elsewhere. I frequently hear the question: "I need to file my taxes, but I owe the IRS and state and don't have the money to pay. What do I do?" The answer to that question is: even if you do owe, file your tax return on time! The reason is this - many people don’t realize that the IRS charges a penalty of up to 25% just for filing your tax return late. That’s right - you will get hit with an additional 25% of what you owe (3 comments)