Resolutions
McGuire, Todd & Associates can help resolve your on going IRS situation. We provide you with peace of mind. Get IRS relief fast!
Stop IRS Tax Problem
McGuire, Todd & Associates IRS Quick tip
Many individuals and businesses in the United States currently suffer from some kind of IRS problem, from IRS debts or passed due taxes owed to the Internal Revenue Service or state and local taxing authorities. Thus, if you find yourself or your business have back taxes or unfilled returns you are not alone.
Other situations could be in the form of prior year IRS returns, which need to be prepared and filed, current year tax questions, deficiency notices from the Internal Revenue Service or being audited by the Internal RevenueService.
McGuire Todd & Associates is a full service IRS representation firm that can help you resolve your IRS debts. McGuire Todd & Associates work with individuals and small businesses in regards to all IRS matters.
We understand the Internal Revenue Code and Internal Revenue Service collection procedures and therefore know how your specific irs issues can be resolved giving you the relief you desire.
If you have an IRS problem it will not be resolved unless it is addressed. If you have any concern please let us know right away.
To have your IRS problem handled by competent tax professionals please email us or contact us today at 303-542-1983 to schedule your free, no obligation consultation! Contact us
Unfiled Back TaxesMcGuire, Todd & Associates IRS Quick tip
If you are experiencing IRS debt and other IRS problems we can help you with resolution. The Internal Revenue Service can be a formidable "opponent" when you are struggling financially. However, given our knowledge of the Internal Revenue Code, Internal Revenue Manual and IRS collection procedures we can help you obtain a settlement and resolve your debt.
Resolutions to any tax debt will be based on the taxpayer's current situation. Given your situation we may be able to prepare and submit an offer in compromise (tax settlement) to the IRS on your behave and for less than what you owe. Further, your debt can be resolved by making monthly payments to the Internal Revenue Service through a formal installment agreement or payment plan. Additionally, your liabilities may be able to be placed into a currently non-collectible status where the Internal Revenue Service will withhold from any enforcement action. Establishing a formal agreement with the Internal Revenue Service is our primary goal when representing our clients and will stop the harassment and collection activities.
If the Internal Revenue Service has levied your bank account, wages, or accounts receivable we can work to release such levy as well as prevent such levy and enforcement action in the future. Additionally, we can work with you toprevent future accruals of tax debts or other IRS issues with the proper planning and knowledge.
To obtain IRS relief and have your debts handled by competent tax professional, please email us or call us today at 303-542-1983 to schedule your free, no obligation consultation. Contact us
Lien ProblemsMcGuire, Todd & Associates Quick tip
An IRS tax levy is legal seizure of a taxpayer's property to satisfy an IRS debt. If debts are not paid, the IRS may seize and/or sell any type of real or personal property to satisfy the outstandingb debt.
The Internal Revenue Service can levy bank accounts, retirement accounts, social security benefits, wages, other income/commissions, federal payments, state tax refunds and accounts receivable. Further, the Internal Revenue Service can seize and sell your property such a home, car, boat or other personal property to satisfy your IRS debt.
To prevent such levy, seizure and enforcement action the tax debt must be resolved through a formal resolution (or a formal resolution is in place) such as an Offer in Compromise, Installment Agreement (payment plan), PartialPayment Plan, or having the liabilities placed into a currently non-collectible status.
The levy or seizure action can be released, but the request for such release must be formal and within a specific time period of the levy or seizure.
We can help you work to release any current levy, wage garnishment or enforcement action, as well as prevent future levies and enforcement.
To discuss any current issues you are having with a levy or lien, and to have your IRS debt handled by competent tax professionals please email or call us at 303-542-1983 to schedule your free no obligation consultation. Contact us
Levy ResolutionsMcGuire, Todd & Associates Quick tip
A lien is charge, hold, claim or encumbrance upon the property of another as security for a debt or charge. A tax lien is a statutory lien which exists in favor of a state or municipality to secure the payment of past due taxes. A federal tax lien issued and filed by the Internal Revenue Service can arise in connection with the accrual of any type or kind of federal tax debt.
Section 6321 of the Internal Revenue Code specifically states, "If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, additional amount, addition to tax, or assessable penalty, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belong to such person."
If you owe a federal tax debt, the Internal Revenue Service may have already filed a federal lien, or is likely to file a federal lien. Formalizing an agreement to resolve the debt does not guarantee the Internal Revenue Service will not file a lien, but it can certainly help.
The IRS lien becomes an issue when the taxpayer wishes to sell property as the lien will likely show on the title of the property. Even if the lien is not showing on the title of the property, the sale or any transfer of such property could be considered a fraudulent conveyance depending upon the circumstances and use of the monies received through the sale. Furthermore, a IRS lien can negatively affect your credit.
Once the tax liability is satisfied in whole or for a specific tax period, the Internal Revenue Service will release the lien.
If you are encountering any issues due to an IRS lien, there are certain circumstances where the Internal Revenue Service will subordinate their lien position, or release the tax lien without satisfaction of the debt.
To discuss any current issues you are having with a IRS levy or lien, and to have your IRS debt handled by competent tax professionals please email or call us at 303-542-1983 to schedule your free no obligation consultation. Contact us
IRS Tax SettlementMcGuire, Todd & Associates Quick tip
The Offer in Compromise program is a program established by the Internal Revenue Service. The Offer in Compromise (tax settlement) program allows a taxpayer to prepare and submit an offer to the Internal Revenue Service in which the taxpayer would pay a lesser amount than the debt that is currently owed to satisfy (settle) the IRS debt.
In order to qualify or be a candidate for an Offer in Compromise, a taxpayer must meet certain conditions. Offer in Compromises are considered by the Internal Revenue Service on a case by case basis, and each Offer in Compromise submitted to the Internal Revenue Service is reviewed based on that specific taxpayer's current financial circumstances. However, certain factors and extenuating circumstances can be considered when a taxpayer submits an Offer in Compromise.
The Offer in Compromise process can be quite lengthy. Our experience has been that the Offer in Compromise process can last anywhere from four months to a year or longer once the Offer in Compromise has been submitted to theInternal Revenue Service.
Once submitted, the Offer in Compromise will act as a hold on any further enforcement action (levies & garnishments) from the Internal Revenue Service until a determination is reached. Moreover, if the Offer in Compromise is accepted, the hold on enforcement continues as long as the taxpayer continues to comply with the terms of the Offer in Compromise.
Another major benefit to the Offer in Compromise is that once an amount is agreed up through the Offer in Compromise program, the taxpayer will only pay that amount. Interest does not accrue on the figure of which has been agreedupon between the taxpayer and the Internal Revenue Service through the Offer in Compromise.
To discuss any current issues you are having with a IRS levy or lien, and to have your tax debt handled by competent tax professionals please email or call us at 303-542-1983 to schedule your free no obligation consultation. Contact us
