Should I Hire A Professional?
We Specialize In IRS Tax Resolution In Rockville, MD and Surrounding Areas
Should I Hire A Professional ToHelp Resolve My IRS Problems?
You go to your mailbox, pull everything out looking for something more exciting than junk mail, and there it is ... an envelope with the return address "Internal Revenue Service" on it.Your heart starts to race, and you break out in a sweat. You open it and it's a notice that the IRS is either questioning items on your business tax return, or you're going to be audited.
Here are the facts:The IRS sent out more than 9 million automated notices last year. When you receive a letter from the IRS, they will claim you owe them money or claim you didn't report something properly, which you will have to defend, because with the IRS you are guilty until proven innocent. They have the power to levy your bank accounts and garnish your wages without a court order!
Sometimes taxpayer's with IRS tax problems decide to face the IRS on their own. Sometimes they hire a professional like a CPA, Attorney or EA, but not someone who specializes in tax resolution. The best thing to do when faced with an IRS Problem is to hire an expert in tax resolution so you can get the best result possible. Even if you owe $10,000 or less, have all your income tax returns filed, and are able to pay the amount due over 36 months with a guaranteed a monthly Installment Agreement (payment plan), it's good to pay a small fee to have a professional set it up for you.
Here are the top 4 reasons why hiring a CPA, Attorney or EA is the smart thing to do if you OWE money to the IRS
- Contrary to popular belief, you DO have rights as a taxpayer you probably don't even know exists. One of those rights is the right to representation. If an IRS revenue officer or revenue agent calls or "visits" you, did you know you are under no obligation to answer any of their (very intrusive and condescending) questions? You politely respond by asking for their contact information and telling them you are in the process of hiring a professional to represent you and that this person will contact them directly. A CPA or EA that deals with IRS problems for a living knows the "ins" and "outs" and how to deal with the IRS so that your rights are protected. A tax resolution specialist also knows how to get you the lowest possible settlement. Generally, our clients never meet or speak with the IRS once we're on the scene!
- If you owe between $10,000 and $200,000 plus, the IRS has many NEW flexible programs available to taxpayers such as Offer in Compromise, Partial Pay Installment Agreements, Payment Plans, Penalty Reduction, and Currently Not Collectible Status to name a few. Each carries with it its own unique process, procedures and qualifications. Having an experienced Tax Pro in your corner ensures you are taking advantage of the best options available to you.
- Having unfiled returns (on average our clients have more than 3 years of unfiled returns) qualifies for getting professional help. Not filing legally required tax returns when due is considered a federal misdemeanor which carries with it a $10,000 fine and potential jail time. Generally the IRS won't throw you in jail unless the taxpayer is deemed to owe a lot of money and is uncooperative about getting the returns filed. Hiring a professional to represent you is the smartest move you can make here!
- If you are being audited or about to be - The IRS will ask you about 50 very intrusive questions in the initial interview with them. How you answer these questions will dictate the fate of your case. Having a tax resolution specialist conduct these meetings, WITHOUT you is the best course of action I can recommend. Half of the referrals to the IRS's criminal investigation division (CID) come from that "nice" guy or gal your sitting across the table from at the audit.
One last thing....ask yourself this question: Would you go to court without a lawyer? If you answered "yes" hopefully you know the law inside and out concerning your case, but if representing yourself doesn't seem like a good idea it's best to hire somebody who is well versed in the subject matter. Well, it's the same thing with the IRS. Having someone who knows how to negotiate and deal with the IRS may be the best money you've ever spent!
7 Secrets the IRS Doesn't Want You To Know
If you or someone you know (i.e., relatives, friends, partners, employees, subcontractors) is currently facing IRS difficulties, you can find out how to get back on track with these insider secrets to tax relief. Learn how to get a leg up on back taxes and delinquent tax returns so that you can avoid severe IRS penalties and financially debilitating levies on your wages and bank accounts – as well as ultimately get a fresh start.
With years of record deficits, the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven little secrets the IRS hopes you never see.
TAX RELIEF SECRET #1
DON'T PAY IRS PENALTIES
The IRS has over 148 different types of penalties they can hit you with. And the worst part is that the IRS can also charge interest and additional penalties on the original penalty.
Penalties can be such a high percentage of the total amount owed to the IRS, it usually makes sense to consider requesting the IRS to reduce all penalties to ZERO.
IRS penalties can often be reduced to ZERO if you have REASONABLE CAUSE. What makes up REASONABLE CAUSE you ask? Well, in our experience in negotiations with the IRS, anything may qualify as long as it's reasonable.
We've had the IRS abate penalties for medical reasons, bad accountants, and ignorance of the tax laws, ex-spouses, helping to provide care for a loved one, military call-ups, fires, floods, alcoholism, drug abuse, death and even for relying on IRS advice.
YOU MAY BE PLEASANTLY SURPRISED.
YOU HAVE NOTHING TO LOSE AND THE SAVINGS COULD BE HUGE!
TAX RELIEF SECRET #2
FILE ALL LEGALLY REQUIRED TAX RETURNS ON TIME
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 if you miss the deadline for filing individual tax returns. It's even worse for payroll tax returns.
What most people don't know is that you can file ANY tax return on time and AVOID THE 25% penalty even if you don't send in the money that is owed on the return. We see so many people who could have saved THOUSANDS OF DOLLARS on penalties if they just knew this one thing. So in the future no matter what is going on in your life, file all tax returns on time even if you don't send in the money owed with the return
Yes, of course you'll get an ugly letter from the IRS for not sending in the money owed but, so what, you will have avoided a 25% penalty.
TAX RELIEF SECRET #3
YOU DON'T HAVE TO LIVE IN FEAR OF THE IRS
Knowing your taxpayer rights gives you leverage when resolving your IRS problems. Instead of feeling powerless when up against potentially crushing back taxes and IRS penalties, knowing your rights as a taxpayer or having a qualified and experienced CPA, Enrolled Agent or tax attorney that is also a Certified Tax Resolution Specialist on your side is the best way to understand all the options available to you for permanently solving your tax troubles.
We know that IRS tax problems can cause an immense amount of fear and anxiety. We take that fear away by knowing the Internal Revenue Service inside and out. Our mission and passion is to provide tax help to those who feel hopeless against the IRS. Our role is to negotiate the lowest possible IRS payment amount allowed by law. Our average client has four to eleven years of unfiled tax returns. It's daunting, but fixable. We believe there's a solution to every problem. We have saved thousands of people from financial crisis and helped them turn their lives around, so they can sleep at night and plan for a home and retirement for themselves and a future for their kids. If you have IRS problems, you owe it to yourself and your loved ones to get help today!
TAX RELIEF SECRET #4
YOU DON'T HAVE TO TALK TO THE IRS AUDITOR
As a matter of fact, going or talking to the auditor yourself is the worst thing you can do.
The taxpayer Bill of Rights allows you to be represented by a qualified practitioner who can answer questions for you and provide documentation to the IRS. Many taxpayers attempt to handle their own audit or hire the person who prepared the tax return to handle it for them. The reason this usually does not work out is because most tax return preparers do not handle IRS audits on a daily basis. The IRS can easily intimidate them, which usually results in an unfavorable outcome.
TAX RELIEF SECRET #5
YOU CAN BEAT THE ODDS WHEN FACING AN IRS AUDIT
When it comes to tax audits, the IRS wins 80% of the time when you are not represented by a qualified practitioner. Taxpayers are deemed guilty till proven innocent, which means the IRS can start an audit by disallowing every deduction you made on a return until each one is proven to be legitimate. If a taxing authority has decided to audit you, it's important that you don't let yourself be pushed around by the IRS. Additionally, if you don't file your taxes, the IRS may file them for you. This is a bad thing as the IRS files the return in theirs, not yours, best interest.
Having representation for audits vastly improves your chances for successful tax resolution. As the proverb states, "he who is his own lawyer has a fool for a client." Treat an IRS audit as seriously as you would a murder trial. Would you go to court without a lawyer? Then why would you go before the IRS without competent representation?
TAX RELIEF SECRET #6
IRS AUDITS CAN BE RESOLVED SWIFTLY
The best way to end an IRS AUDIT with a great outcome is to end it at the first meeting.
Whenever our firm represents clients in IRS audits, we actually perform a trial audit in our office before we ever meet with the IRS. This allows us to know which areas need more documentation or answers. When we meet with the IRS (without our client), we can quickly answer the auditor's questions, provide documents and get to the bottom line. We always meet the IRS at their office or at ours, but NEVER at the client's.
And if you receive an IRS audit letter in the mail asking you to come in or to call for an appointment – keep in mind Tax Relief Secret #4: You Don't Have to Talk to the IRS Auditor. Get representation.
TAX RELIEF SECRET #7
THE IRS CUTS DEALS
The IRS does make deals on taxes owing, including all penalties and interest. The requirements are rigid, but if you qualify the results are incredible. To qualify for a deal with the IRS, I would suggest that you owe the IRS at least $15,000 and have very little in the way of equity in assets. Also, you must be using your monthly income to pay your necessary living expenses and not have much or only a small amount left over to pay old taxes.
If you meet these requirements then you owe it to yourself to explore the possibilities of getting a reduction of up to 85%, including penalties and interest on the original amount owed, if you qualify.
The IRS cuts these deals to get you back in the system as a current taxpayer and to collect a few bucks on the old taxes owing. The fine print in these deals requires you to file your tax returns and pay on time for the next 5 years. If you don't, then the IRS revokes the deal and bills you for the original amount.
TAX RELIEF SECRET #7
THE IRS CUTS DEALS
WHAT HAVE YOU GOT TO LOSE?
IRS problems do not go away on their own. Begin the process today of solving your IRS/state tax problems – once and for all. You owe it to yourself and loved ones.
Get a FREE tax relief consultation and let us permanently solve your tax problem!
You can call us at (240) 676-3866 or visit our website www.hnrcpa.com for a free consultation to discuss your options in confidence.
The minute you retain IRS Letter, we will take over all communications with the IRS so you no longer have to speak to the them. We will file any delinquent tax returns to bring you to full IRS compliance and vigorously defend your rights as a taxpayer to permanently resolve your back IRS tax problems.
You have nothing to lose except those sleepless nights.
ABOUT YOUR COMPANY.
We offer transparency to our clients, helping them understand the process for resolving tax debt so they have realistic expectations for solving their specific tax problems. Our role is to negotiate the lowest possible IRS payment amount allowed by law, and we will not allow a client to retain our firm's services unless the taxpayer is a legitimate candidate for tax relief. Because the IRS has very strict guidelines governing eligibility, we let our clients know up front what tax relief options are viable for resolving their specific IRS problems. This ethical and honest approach to tax resolution has helped our team achieve a 100% client satisfaction rate in over 10 years tax relief cases.
CONTACT US TODAY TO SCHEDULE YOUR FREE CONFIDENTIAL APPOINTMENT. CALL (240) 676-3866