• Taxation, Accounting, Planning Areas, Real Estate, Business Valuations, Forensic Accounting & IRS Representation

IRS Representation

IRS RepresentationPage

Audit & IRS Representation:
Are you being audited by the IRS? Nothing is quite as troublesome to individuals and business owners as receiving an Internal Revenue Service letter that you are being audited. Audits can a take substantial amount of time away from your personal life and business, requiring you to produce records verifying each and every item that was reported on your tax return. The IRS will determine the accuracy of your tax return and if you do not comply with the IRS Auditors’ requirements, the IRS will recalculate your tax returns and may send you a tax bill plus penalty & interest.

Far too many taxpayers decide to handle a tax audit by themselves instead of seeking IRS representation. Too late they soon realize they may have been foolish not to seek a qualified representative to aide them in their IRS audit. IRS auditors are skillfully trained and you might provide more information than you are obligated to. We take the stress of your IRS audit and represent you, alleviate the paperwork and notify you of the process from the beginning to the end.

Offer in Compromise:
The Internal Revenue Service offers a settlement program known as Offer in Compromise or OIC.
An Offer in Compromise settlement is determined by the taxpayers’ ability to pay his or her tax debt. If you owe a large amount of taxes to the IRS and see no possibility that you will be able to pay your taxes because of a financial hardship, an Offer in Compromise may be available to you. If you would like to know if you meet the guidelines to apply for this settlement, call us today and make an appointment.

Innocent Spouse:
According to the IRS rules, generally, both you and your spouse are responsible, jointly and individually, for paying the full amount of any tax, interest, or penalties due on a joint return. There is a possibility you can seek relief from liability related to your spouse (or former spouse), however you must file a claim within a certain timeframe.

Installment Agreements:
The Internal Revenue Service does accept installment agreements in certain circumstances. If you or your business owes the IRS and you are finding it difficult to pay the balance and on time, it is best for you to address the problem rather than to avoid it. The IRS has 4 types of installment agreements depending on your income and how much money is owed. The four different types of installment agreements are: Guaranteed Installments, Streamlined Installment Agreements, Non-Streamlined Installment Agreements and Partial Payment Installment Agreements. To find out if you qualify for an installment agreement, contact the offices of Mikel Spraker, CPA.

Liens and Levy:
An IRS federal tax lien is the government’s claim against your property, including real estate, personal property, bank account, and financial assets when you neglect or fail to pay a tax debt. You can avoid a federal tax lien by filing and promptly paying your taxes. If you don’t file or can’t pay on time, do not ignore the correspondence you get from the IRS. Payment options are available to help you settle your tax debt over time.

A lien is not a levy. A lien secures the government’s interest in your property when you don’t pay your tax debt. A levy seizes the property to pay the tax debt.