NFA Tax Help provides complete tax resolution services to its clients. This includes tax relief from the devastating effects of a bank levy, wage garnishment, property seizure, tax liens, tax audits, tax summons, tax debt relief, penalty abatement, innocent spouse and injured spouse relief and traditional tax preparation and planning. We also represent business clients to resolve payroll and sales tax issues. Our representations include both federal and state tax representations.
IRS Levy, Wage Garnishment and Tax Lien Release
Time is of the essence in the case of wage garnishment, bank levies or tax liens. Depending on the circumstances and many times the amount of the tax debt, tax resolution can be very prompt. The release in many instances can be immediate. In other instances, the relief can only be by meticulous preparation of documentation and building a strong case in order ot overcome IRS actions against clients. Client cooperation is imperative in solving IRS tax problems and state tax debt when IRS actions are currently being taken against them.
Tax Audit Representation
Audit is an area that is not for the faint hearted of tax representatives. It requires both expertise and human skills. Many a times, a positive outcome will depend not only on the high technical expertise that audits require, but also on the ability to negotiate with IRS revenue agents. On one hand you must always remember that although you may have weak points in your tax audit, the IRS agent does not necessarily know all those weak points. We negotiate based on what the agent knows about your case not what we know. We must always be truthful in any representation. There is however a difference between truth and folly.
We consistently produce results that are second to none. We study your case carefully. We plan our defense backing our case factually and legally based on the tax code, IRS regulations, revenue rulings or tax court cases. We are not shy to go to appeal if the situation warrants. Our purpose is to get the best outcome that can be attained.
Tax Debt Negotiations
In any tax relief to a tax debt problem, information gathering is very important. We don't just negotiate the tax debt. In many instances we challenge your tax preparation if we discover that the tax returns were erroneously prepared. We take nothing for granted. Once we determine that the tax debt amount is correct, we proceed to negotiate. The negotiation will depend on your tax problem. It will all depend on your income and expenses and your assets and liabilities; what you own and what you owe others. Generally speaking the less income and assets you have, the stronger our position in the IRS negotiation and the debt settlement.
Offer in Compromise
An offer in compromise is available when we decide that, although our client can pay some money to IRS, we will prove to them that we can only pay part of the tax debt and not the whole amount. In this case, it's not how much you owe that's the driving force but rather how much you can afford.
There are firms that claim that they will settle at a fixed amount of "pennies on the dollar". This is nonsense. The settlement does not depend on how much you owe, it dependes on how we will demonstrate to the IRS that a certain amount is all they can collect from you. It is conceivable that we offer the IRS $100 on a $1,000,000 case and $10,000 or more in $100,000 case. So again, it's not how much you owe.
Currently Not Collectible Status
We propose to the IRS that they place you in currently not collectible status based on your financial situation we present to them. In this instance, we always offer to pay $0 to the IRS. Over time, as a taxpayer who is in uncollectible status increases their income, the IRS will end that status and begin attempting to collect the tax debt once again.
If, for example, you are a doctor whose income is $15,000 per month and you owe $50,000 tax debt to IRS, we will negotiate an installment agreement on your behalf. Why not an offer in compromise or uncollectible status? Because you can pay and the IRS knows you can.
Penalty abatement is commercially advertised by tax resolution firms and it is taken for granted as an outcome. The truth is that tax abatement is not easy to accomplish unless certain conditions are available in our defense. Some of the successful defenses to abate penalty is relying on previous advice from the IRS, on the advice given by a tax professional, and another acceptable defense is prior compliance record of taxpayer. The point is that you must not assume that penalty abatement will be automatically available without the facts that support our claim. If the facts are not available you should be skeptical if you are given an assurance contrary to what we suggested.
Innocent Spouse Relief
Innocent spouse is not a hard defense if the facts bear to our claim. It is factually based. We want to prove although our client is liable for the tax debt based on the tax return preparation, we contend that tax relief should be granted based on fairness and justice.
Injured Spouse Relief
Injured spouse cases are much easier to prove than innocent spouse cases. All we have to prove is that the spouse we represent was not part of the tax debt at its inception (as in the case of a liability of a spouse before they got married).