The IRS is a large and complex bureaucracy that wields an enormous amount of power over the lives of everyday Americans, most of whom have little understanding of how the IRS works or what it expects of them. This is why receiving a letter or notice from the IRS causes a great deal of fear and anxiety in many taxpayers. If you have received such a letter, rest assured that you do not have to face the IRS alone — the professional tax advisors at East Coast Tax Consulting are ready to support you every step of the way.
Tax Issues Our Clients Frequently Face
With over 30 years of experience representing taxpayers before the IRS, we see certain tax issues come up quite frequently, such as:
Unfiled Tax Returns
Taxpayers are required to file tax returns annually and the IRS takes a harsh stance on those taxpayers with unfiled returns. Failing to file a return can result in you being hit with exorbitant penalties and interest.
Audits
An IRS audit is an investigation into your financial information to ensure that what you reported to the IRS was correct. It can be triggered by math errors on your tax return, failing to report all of your income, claiming deductions incorrectly, or various other reasons. Audits can often be very stressful and result in large tax bills. That said, you are encouraged to seek professional assistance if you are facing an audit.
Inability to Pay
Even if you diligently file your tax returns, you may owe more than you can pay. If you do not pay your tax bill for a sufficient length of time, the IRS may begin enforced collection actions against you.
Assessment of Penalties and Interest
If you fail to file a tax return or do not pay your taxes in a timely manner, the IRS will assess penalties, and interest. This means that you will end up paying more than if you had filed and paid on time.
How We Assist With Tax Issues
Although the IRS’s policies and procedures may seem incomprehensible to the average taxpayer, the professional tax advisors at East Coast Tax Consulting are well-versed in them. We are experts at navigating our clients’ cases through the bureaucratic maze of the IRS and finding workable solutions to their problems.
Just a few of the services we offer are:
Tax Preparation
The best way to avoid trouble with the IRS is to file a timely and accurate tax return every year. A Boca Raton Tax Relief CPA at East Coast Tax Consulting with specialized training can help prepare your current and back tax returns so as to minimize your tax liability.
IRS Audit Defense
An IRS audit can often result in a significantly increased tax liability. Our tax professionals have extensive experience defending taxpayers from IRS auditors and will work diligently to minimize the harmful financial effects of an audit.
Installment Agreements
If you are behind on paying your taxes, we will represent you in obtaining an installment agreement with the best possible terms from the IRS that will allow you to pay your taxes in manageable increments.
Offers in Compromise
Our tax professionals are also experts in negotiating offers in compromise with the IRS, which may allow you to settle your tax debt with the IRS for far less than the total amount you owe.
Penalty Abatement
If the IRS has assessed a penalty against you, don’t automatically believe it needs to be paid. There are times when the penalty can be removed in the form of IRS penalty abatement. Our tax resolution professionals can help request relief from IRS penalties for various reasons.
Stopping Collection Enforcement Procedures
If your taxes go unpaid for a sufficient length of time, the IRS may resort to collection enforcement procedures, such as liens, levies, and wage garnishments. Our tax professionals can assist you in avoiding those outcomes by reaching an alternative arrangement with the IRS, such as an installment agreement or an offer in compromise.
Contact a Boca Raton Tax Relief CPA
No tax issue is insurmountable. Whatever problem you are currently facing — whether it is an audit, a collections action, or simply needing to file back tax returns — we are here to help. To get started on the path back to financial stability, contact a Boca Raton Tax Relief CPA at the East Coast Tax Consulting Group by filling out our online form or calling us at 866-550-7655.