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Individual and Corporate Income Taxes as Percent of Total Federal Revenue(1934-2


015).
Source:OMB
Top 10 Successful IRS Tax Relief Strategies
Description: There is always a solution to your tax problems. Hire Long Island T
ax Resolution Services tax specialists help to fight the IRS on your behalf for
tax relief solutions for the most common tax debt problems. Call us for FREE con
sultation.
Here Is The 10 Best IRS Tax Relief Strategies
Description: Here are some 10 best IRS tax relief strategies available to you fo
r lowering your taxes. It is better to trun towards the professional tax special
ist (Tax Attorneys, CPAs, and Enroll Agents), since they are familiar with the f
orms,methods and process utilized by the IRS agents.
Ten Tax Relief Strategies and What You Can Do
Description: What are the IRS tax relief solutions you can take advantage of as
an individual or business owner?. There are 10 ways where a tax specialist find
a specific solution for every unique case and designs a perfect IRS tax relief
strategies for you.
1) Title: What Is IRS Tax Levy or IRS Wage Garnishment?
Description: What exactly IRS tax levies are and how they are related to wage ga
rnishments? Here is all help you need to learn about IRS wage garnishments and I
RS wage levy, both are similar. The IRS can levy a taxpayer s wages or other incom
e.
2) Title: Fixing IRS Wage Garnishment or IRS Wage Levy
Description: Contact the experts at Long Island Tax Resolution Services to exami
ne your case by looking into your financial situation and work with the IRS to r
educe the garnishment of your wages.
3) Title: Things You Need to Know About IRS wage garnishment Levy
Description: Garnishment is a legal process of withholding earnings from an indi
vidual to repay a debt obligation and wage garnishment is most commonly levied b
y the IRS.IRS sends a wage levy to a taxpayer s employer, wages are subject to gar
nishment until the tax debt is paid in full. If your are the sufferer of a wage
garnishment, call us for FREE consultation.
Seven Suggestions For Achieving Success With Your IRS Offer in Compromise
The taxpayer can increase their chances of success with IRS Offer in Compromise

program with the following seven helpful suggestions. Here is the video brings b
y Long Island Tax Resolution services tax experts can help you settle IRS tax de
bts with an offer in compromise.
20/6/2014
Call us at: 631-244-1650
IRS Penalties: Why, What, When and Who
Why Does The IRS Issue Penalties?
The IRS imposes tax penalties for many reasons.
There are over 148 IRS penalties. Usually penalties are monetary in nature,
penalties involving forfeiture of property or even jail are not uncommon.
2) Some Of The Common ReasonsTthat Taxpayers Face IRS Penalties Include
Late filing penalties.
Late payment penalties.
Accuracy related penalties.
Trust Fund Recovery Penalty.
3) What Is IRS Penalty Abatement?
IRS may remove or reduce a penalty or interest imposed upon a taxpayer.
This process is known as Penalty Abatement.
Many taxpayers seeking this type of tax relief.
There must be a legitimate reason for making the request.
Tax Payer must have their case well documented and substantiated.
IRS does not charge a fee as they do in other circumstances.
4) When Are IRS Penalties Abated?
The IRS grants penalty abatement for the following reasons.
Reasonable cause - Death or prolonged unemployment.
IRS fault - An error or delay that led to a correction
Administrative waiver - Government directive
Statutory exception - Change in the Internal Revenue Code
The IRS resolves less than half of penalty abatement cases in favor of the taxpa
yer.
Interest abatement cases are even more difficult to have resolve.

5) Who Should The Taxpayer Seek Advice From?


IRS reject these types of requests as a matter of due course.
Seek the help of a tax problem expert for a favorable resolution.
Contact an experienced certified Enrolled Agent or tax attorney at Long Island T
ax Resolution Services.
http://goo.gl/2WbHwR
Call us at: 631-244-1650
30/06/2014 ( ppt)
5 Practical Tips For Dealing With IRS Back Taxes
Tip #1: Deal With Your IRS Tax Problems Today!
The ostrich approach to dealing with IRS back tax problems simply does not work.
If the IRS is calling you.
Deal with IRS immediately, otherwise tax problem will only worsens.
The IRS designed their collection actions.
You will receive phone calls and letters.
Which lead to wage garnishments, bank levies and tax liens.
Even if you cannot pay your tax liability you still need to address it today wit
hout delay.
Penalties and interest continue to accrue on a daily basis.
Tip #2: File Back Tax Returns Immediately!
The IRS will not agree to a settlement until the taxpayer files all unfiled tax
returns.
Taxpayers often neglect to file the back tax return.
Taxpayers don t have the money to pay the back taxes owed.
A taxpayer should always file a tax return even if they cannot pay the tax liabi
lity.
IRS imposes 25% of the penalties for failure to file tax returns.
Filing your back tax returns can save your overall tax liability.
Tip #3: Pay Back Taxes First!
The IRS is the most powerful collection agency
Taxpayers should always choose to pay their IRS tax liability first.

The IRS uses collection tools


Wage garnishment or a bank levy and others.
Tip #4: Pay An IRS Tax Liability With A Credit Line!
There are many good reasons for using a credit line to pay back tax debt owed.
****
Good reasons for using credit line to pay back tax debts owed
For example,
Credit line interest may be lower than IRS interest & penalties.
Cash flow from a credit line can fund some kinds of tax debt settlement.
A credit lender is easier to deal with than the IRS.
An IRS tax consultant, can assess the chances of success.
Tip #5: Hire An IRS Tax Consultant!
Don't handle your own IRS tax problem case.
An experienced IRS tax consultant is the best choice to deal with IRS tax proble
ms.
They can predetermine a taxpayer s chances of success in an IRS tax relief program
.
Such as Offer in Compromise or penalty or interest abatement.
http://goo.gl/cPJkHa

30/06/2014 ( ppt)
How To Stop An IRS Bank Levy!
1) What Is an IRS Bank Levy?
IRS uses the bank levy to collect back taxes owed.
It is the preferred IRS tax levy method.
The IRS will levy the following types of bank accounts.
Checking, savings, money market and certificates of deposit.
Taxpayer need to respond within 21 days.
If not, IRS will ask the bank to release the levied funds.
2) The 5 Steps Leading To an IRS Bank Levy!
IRS discovers the taxpayer owes back taxes.
IRS then issues a series of notices demanding payment.

IRS then sends a Final Notice of Intent to Levy, If taxpayer ignores the first
notice.
Taxpayer then has 30 days to respond.
If the taxpayer ignores the Final Notice of Intent to Levy.
IRS then assesses the taxpayer s finances.
Contact the taxpayer s bank to discover if there are funds available.
3) IRS Contact The Taxpayer s Bank For Funds
The IRS issues the bank levy if enough funds are in the taxpayer s account.
If enough funds are not in the taxpayer s bank account.
IRS consider using a wage garnishment, an alternate form of tax levy.
4) How to Stop an IRS Bank Levy!
Act quickly, once the IRS launches a bank levy.
IRS works with the taxpayer to help resolve the tax problem.
First, file any unfiled tax returns.
Consider solutions such as an installment agreement, offer in compromise.
The taxpayer can also appeal the bank levy.
Final Notice of Intent to Levy and Notice of Your Right to a Hearing".
5) Seek The Advice of Tax Resolution Specialist.
Work with a tax resolution specialist to solve any tax problems.
Such as a bank levy.
IRS view this step by the taxpayer to resolve the tax problem.
Choose the right solution for their specific tax problem.
An expert has the experience necessary to help the taxpayer.
http://goo.gl/Q6g5Ct
Long Island Tax Resolution Service Here to Help You

How To Stop IRS Wage Garnishment Or IRS Wage Levy


1) What Is IRS Wage Garnishment?
A wage garnishment is a court order requiring your employer to withhold a certai
n amount of your paycheck and send it directly to the person or institution to w

hom you owe money, until your debt is paid off.


2) Who Does The IRS Issue Wage Garnishments or Wage Levies On?
Tax code allows the IRS to take a portion of a taxpayer s employee wages.
The IRS can also garnish income that a taxpayer earns as an independent contract
or or self-employed individual.
A portion of each paycheck is free from an IRS levy.
Tax code controls the amount the taxpayer keeps.
If the taxpayer s income is low or the total exemption amount is too high
Taxpayer s earnings may be freed from levies.
For the independent contractor ***
IRS issue a special garnishment known as an Accounts Receivable levy.
IRS will send a notice of levy to any individual or business
3) Where Does the IRS Send Wage Levies?
IRS sends a notice of levy on wages to a taxpayer s employer
Employer s payroll department sends the taxpayer a Statement of Exemptions.
Taxpayer provides requested information
Taxpayer fills spouse s name, the number of exemptions and then returns it to the
employer.
Up on this information IRS calculates the wages which are free from levy.
Employer need to send the form to IRS with in 3 days of receiving it.
The IRS will allow only one exemption if it receives the form after the deadline
.
This will increase the levy amount.
The taxpayer should simultaneously fill out an updated new IRS form W-4.
4) How Is the IRS Wage Garnishment Calculated?
20 August 2014:
http://www.doityourself.com/stry/stop-irs-wage-garnishment#b
http://www.backtaxeshelp.com/tax_levy/stop-wage-garnishment.html
http://www.slideshare.net/Safeharborfc/wage-garnishment?qid=4c646f65-7d2d-4740-b
501-c7cef523d55a&v=qf1&b=&from_search=1
http://freshstarttax.com/irs-wage-garnishments/
http://www.longislandtaxresolution.com/
Call us at: 631-244-1650
How To Stop IRS Wage Garnishment Or IRS Wage Levy

1) What Is IRS Wage Garnishment?


A wage garnishment is a court order requiring your employer to withhold a certai
n amount of your paycheck and send it directly to the person or institution to w
hom you owe money, until your debt is paid off.
2) Who Does The IRS Issue Wage Garnishments or Wage Levies On?
Tax code allows the IRS to take a portion of a taxpayer s employee wages.
The IRS can also garnish income that a taxpayer earns as an independent contract
or or self-employed individual.
A portion of each paycheck is free from an IRS levy.
Tax code controls the amount the taxpayer keeps.
If the taxpayer s income is low or the total exemption amount is too high
Taxpayer s earnings may be freed from levies.
3) How Is the IRS Wage Garnishment Calculated?
Taxpayer s standard deduction amount to the total claimed exemptions amount.
The formula then divides that total amount by 52.
The result decides the amount of wages which are free from garnishment.
The resultant non-exempt amount for each pay period goes directly to the IRS.
4) IRS Wage Garnishment has a Continuous Effect of Levy on Salary and Wages?
A levy on a taxpayer s wages and salary has a continuous effect.
It attaches to future payments, until the levy is released.
Wages and salary include fees, bonuses, commissions.
5) How to Stop an IRS Wage Garnishment?
In order to resolve your tax problem you must either pay the IRS the taxes that
are owed or come to some other form of agreement to pay the taxes back over time
. Below are the common method used to pay or settle taxes:
A) Contacting The IRS :
Contact IRS Immediately for the best course of action.
On receiving the Demand for Payment or after receiving the Notice of Intent to L
evy.
Each notice contains a contact telephone number to call for dealing with the imp
ending levy.
B) Enter Into an Intsallment Agreement:
Taxpayer shouls try to negotiate a wage levy release.

Settle the tax debt through an immediate installment payment plan.


If the installment payment plan have been accepted The IRS will stop the levy.
C) Appeal The Wage Garnishment:
The taxpayer can appeal the wage garnishment.
The taxpayer should use IRS form 12153 to appeal a wage levy.
The taxpayer sends the form to the address on the Notice of Intent to Levy.
D) File an Offer in Compromise:
Once you file for an offer in compromise, IRS will stop all collection process.
The IRS is very selective about who qualifies for this settlement program.
If the IRS decides that the offer was a delay tactic, they will quickly reinstat
e the levy.
E) Change of Employers:
The wage levy does not follow the taxpayer when changing employers.
The IRS does not require that it be informed of a job change by either the taxpa
yer or the employer.
IRS must locate the new employer and issue a new levy.
The taxpayer should never aim for a job change to escape a wage levy.
F) Bankruptcy Filing:
A bankruptcy filing will also end a wage levy
The taxpayer should carefully research and analyze the potential for discharge o
f tax debt.
Some taxes are ineligible for discharge in bankruptcy.
Contact Long Island Tax Resolution Services To Stop the Wage Garnishment.
Our tax expert will determines the best resolution for you.
Visit : Company id to find more solutions to handling IRS wage garnishment and h
elp.
http://taxattorneydaily.com/topics/ch-4-appealing-your-audit.php
http://biztaxlaw.about.com/od/taxdisputes/tp/Survive-An-Irs-Tax-Audit-Of-Your-Bu
siness.htm
http://www.investopedia.com/articles/tax/09/appeal-your-audit.asp
Video 9 : How to Appeal an IRS Tax Audit
Appealing Your Audit Within the IRS

How to Appeal an IRS Tax Audit


1) Why IRS Audit Tax Returns?
A small misinformation in your tax return may cause the IRS to examine your retu
rns more closely.
The IRS says it audits taxpayers for one of three reasons.
a) Random Sampling.
b) Computerized Screening.
c) Comparison of Information Received by the IRS.
All taxpayers dread facing an audit conducted by the IRS.
Most tax audits are directed at high income individuals and businesses.
2) What are the Types of IRS Audits?
The IRS may decide to audit your Returns in one of three ways:
a) By correspondence (letter), requesting information through the mail.
b) By office audit, requiring you to come to the IRS office for the audit.
c) By field audit, in which an IRS agent will come to your business to perform t
he audit.
3) How to Appeal an IRS Tax Audit
The Taxpayer may not agree with the finding of IRS Audit and want to file an Ap
peal.
All appeals are handled by Appeal Office at IRS.
The first step in the appeals process is simply not to sign and return your copy
of the report.
A 30-Day Letter that explains how to appeal the audit.
File your official protest within 30 days of the date listed on the letter.
You have three choices as to how you move your audit to the Office of Appeals
a) If you owe less than $2,500, you can just ask your auditor for an appeal.
b) If you owe between $2,500-25,000, you should write a letter of protest with t
itle as Small Case Request .
Or
You can complete IRS Form 12203, "Request for Appeals Review"
c) If you owe more than $25,000, Form 12203 is your only option.
4) Preparing for an Appeals Hearing
Taxpayer has at least 60 days to prepare for the Appeals process after submittin
g the appeals request.

Use this time to cement the details and arguments you intend to make during the
appeal.
Get the copy of the auditor's file from IRS.
Get all of your documents and other papers organized and ready.
5) Presenting Your Case to the Appeals Officer
Write down what you are going to say to the appeals officer.
An outline of the points you want to make
List the documents and other evidence you want to present
Do not badmouth either the auditor or the IRS.
6) Negotiating a Settlement
The appeals officer wants to avoid the possibility of the IRS losing in court.
Your first request should ask the appeals officer to drop any penalties that the
auditor assessed to you
It is easiest for the appeals officer to give in on.
If he or she is convinced that your intentions aren't fraudulent.
The willingness to compromise will raise your credibility.
Speak in terms of adjustments, items or percentages, not dollars.
Caution:
Don t sign a Form 870 settlement unless you are absolutely certain that you unders
tand it.
Signing this form will prevent you from taking the IRS to tax court.
7) Hire a Tax Professional for Your Appeal.
Don't hesitate to consult a tax professional if you have questions of any kind.
A pre -appeals consultation with a tax professional is a good idea.
Tax professionals know what appeals officers are looking for and can make their
job easier.
Contact Long Island Tax Resolution Services team today for your tax appeal.
Our experts will help throughout the tax appeal process you may be eligible for.
URL: http://www.longislandtaxresolution.com/irs-tax-appeals/
http://www.cpa-connecticut.com/offer-in-compromise.html
http://taxresolutiontalk.blogspot.in/2013/08/alternatives-to-irs-offer-in-compro
mise.html

<2nd Sep 2014>


The Top 8 Negotiation Tactics for Delinquent IRS Taxes
Negotiation Tip #1: Always, Always Tell the Truth
You must remember to tell the truth about absolutely everything
Most situations, lies have a way of coming back to bite you.
If you are caught you will be considered a suspect.
If you have delinquent taxes, resolve your problems through honest negotiation.
Negotiation Tip #2: Speak the Language
Make sure you use IRS lingo.
Use industry-specific language makes you appear more knowledgeable to IRS agents
.
You will want to use verbiage like the following:
Penalties should be

abated,

not

removed.

Currently not collectible is the industry phrase for not being able to pay tax bi
lls as a result of suffering financial reversals.
The keyword innocent spouse
the tax matter at hand.

signals you believe a spouse should be responsible for

Negotiation Tip #3: Keep Your Promises


Important to only make promises you can keep
When negotiating with the IRS, don t ever make promises
If you can t afford to make a $400 payment per month, don t promise you will.
Negotiation Tip #4: Take Advantage of Payment Options
The IRS is not always the beast it s made out to be.
IRS usually offers friendly installment agreements and compromise to those willi
ng to accept the rules and stipulations.
The IRS s

Fresh Start

program changed a couple of years ago

To make it easier for taxpayers to qualify if they owe less than $50,000
Negotiation Tip #5: Prove Responsibility
Another way to gain a stronger negotiation stance is to file tax returns before
the IRS has a chance to do it themselves.
If you ignore your tax returns, the IRS will eventually file them for you.

IRS often prepare these substitutes in the best interests of the government, not
you.
If you aren t able to afford your tax bill.
File your most recent return honestly and state what you actually owe.
Negotiation Tip #6: Make an Offer They Can t Refuse
When negotiating with the IRS, nothing beats making an offer they can t refuse.
It never hurts to make an offer.
It shows you truly care about paying off your delinquent taxes.
Negotiation Tip #7: Make Your Payments
Once you develop a repayment plan
You Must stick to your payments and not violate the prearranged terms.
The IRS is doing you a favor by allowing you to repay your debts over time
The IRS does not take kindly to violations.
The IRS can seize your property, take over bank accounts and mortgage your home
if you fail to make payments.
Negotiation Tip #8: Get Help
Seek professional help to make negotiating with the IRS easier and effective.
When looking for a professional, be sure to read reviews and find a reputable so
urce
Not someone that makes outrageous claims.
Find an honest, dependable, and experienced professional capable of helping you.
Find a credible U. S. Treasury Enrolled Agent, Attorney, CPA professional with e
xtensive experience negotiating with the IRS.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------http://backlinko.com/17-untapped-backlink-sources
24th Sep 2014
With a few negotiation tactics in hand, you may be able get yourself out of a st
icky situation and put yourself back on firm footing with the IRS. Here are 8 ne
gotiation tips that could prove helpful when the IRS confronts you about delinqu
ent taxes.
Negotiation Tip #1: Always, Always Tell the Truth
You must remember to tell the truth about absolutely everything
Most situations, lies have a way of coming back to bite you.
If you are caught you will be considered a suspect.
If you have delinquent taxes, resolve your problems through honest negotiation.

Negotiation Tip #2: Speak the Language


Make sure you use IRS lingo.
Use industry-specific language makes you appear more knowledgeable to IRS agents
.
You will want to use verbiage like the following:
a)
Penalties should be abated, not removed.
b)
Currently not collectible is the industry phrase for not being able to pa
y tax bills as a result of suffering financial reversals.
c)
The keyword innocent spouse
ible for the tax matter at hand.

signals you believe a spouse should be respons

Negotiation Tip #3: Keep Your Promises


Important to only make promises you can keep
When negotiating with the IRS, don t ever make promises
If you can t afford to make a $400 payment per month, don t promise you will.
Negotiation Tip #4: Take Advantage of Payment Options
The IRS is not always the beast it s made out to be.
IRS usually offers friendly installment agreements and compromise to those willi
ng to accept the rules and stipulations.
The IRS s Fresh Start program changed a couple of years ago
To make it easier for taxpayers to qualify if they owe less than $50,000
Negotiation Tip #5: Prove Responsibility
Another way to gain a stronger negotiation stance is to file tax returns before
the IRS has a chance to do it themselves.
If you ignore your tax returns, the IRS will eventually file them for you.
IRS often prepares these substitutes in the best interests of the government, no
t you.
If you aren t able to afford your tax bill.
File your most recent return honestly and state what you actually owe.
Negotiation Tip #6: Make an Offer They Can t Refuse
When negotiating with the IRS, nothing beats making an offer they can t refuse.
It never hurts to make an offer.
It shows you truly care about paying off your delinquent taxes.
Negotiation Tip #7: Make Your Payments
Once you develop a repayment plan
You must stick to your payments and not violate the prearranged terms.
The IRS is doing you a favor by allowing you to repay your debts over time
The IRS does not take kindly to violations.
The IRS can seize your property, take over bank accounts and mortgage your home
if you fail to make payments.
Negotiation Tip #8: Get Help From Tax Professionals
Seek professional help to make negotiating with the IRS easier and effective.
When looking for a professional, be sure to read reviews and find a reputable so
urce
Not someone that makes outrageous claims.
Find an honest, dependable, and experienced professional capable of helping you.
Find a credible U. S. Treasury Enrolled Agent, Attorney, and CPA professional wi
th extensive experience in negotiating with the IRS.
The Bottom Line

The key is to act quickly and find a resolution as soon as possible.


If you have delinquent taxes and don t know what to do.
There is always hope.
With proper negotiation skills and experienced help on your side

URL: http://www.longislandtaxresolution.com/negotiation-tactics-for-delinquent-i
rs-taxes/
http://defensetax.com/what-is-back-tax-and-how-to-negotiate-back-taxes-with-irs/
http://www.investopedia.com/articles/personal-finance/020614/how-negotiate-backtaxes-irs.asp

24th Sep 2014


1) How to File a Freedom of Information (FOIA) Request in New York!
When it comes to access to your personal information, the government has gotten
this one right.
Through the FOIA, or Freedom of Information Act, you have the ability to access
your IRS records at your request
The Freedom of Information Act is the federal law.
How exactly does it work, and what s the value in doing so? Let s take a look.
2) Who Can File a FOIA Request?
Any taxpayer can fill out a freedom of information request form.
Can obtain their personal IRS files
According to FOIA.gov
The general rule is that any person

citizen or not

can make a FOIA request.

There are no specific forms or requirements


The request must be in writing and clearly explain the information sought.
In writing means by mail, email, or fax.
The IRS will require proof of identification to proceed.
3) What is an FOIA Request?
FOIA request can be made for a variety of different information held by the gove
rnment.
This includes criminal records, status complaints filed with the DHS Office, Ali
en Files, and tax returns

FIOA requests only apply to federal agencies


FIOA requests do not allow access to records held by state and local governments
.
4) When Can You File an FOIA Request?
You can request IRS information under the FOIA at any time.
It may take some time to hear back or gain access to your records.
Nothing prohibits you from requesting information.
As soon as you feel like there may be an issue with your taxes
It s a good idea to fill out a freedom of information request form.
5) Where Can You File an FOIA Request?
It s easier than ever to file a FOIA request form after 1996 amendment to the FOIA
Easy to access IRS tax information
This amendment requires federal agencies to make records available online
Expedites the process of obtaining information
Your freedom of information request form must be written.
Which includes email, fax, and standard mail.
When filing, you will want to identify the IRS office
Also the records you are looking for and direct your request there.
6) Why File a FOIA Request?
FOIA requests are filed for a number of different reasons
Taxpayers usually look for tax return information or examination files.
This allows you to examine your files without signaling to the IRS that you are
looking into anything.
FAQs Regarding IRS Freedom of Information Requests
7) Who oversees the FOIA and who handles requests?
The executive branch of government is responsible
The DOJ of Information Policy oversees compliance
No single office handles FOIA requests
Each federal agency processes its own records.
8) How are FOIA requests actually processed?

The process can vary because no central office for FOIA requests
Once an agency receives your request.
They should send you a letter acknowledging receipt.
They will also include a tracking number
And request official identification documents.
9) How long does the process take?
The FOIA standard time limit at approximately one month.
Response time will vary depending on the complexities and requirements of the re
quest.
How much do FOIA requests cost?
There are typically no fees for FOIA requests
But some instances do call for small payments.
The first two hours of a search or first 100 pages of duplication
Its free of charge.
If the processing is estimated to exceed $25, fees may be required.
10) Sample FOIA Request Letters
The National Freedom of Information Coalition has provided a sample FOIA request
letter for public.
These letters are organized by type and state.
11) The Value in IRS FOIA Request Letters
It s an extremely valuable tool for those that do.
It enables you to find the information you are looking for without suspicion.
Be sure to follow the rules and guidelines laid out by all involved parties.
The FOIA enables you to access your records and have peace of mind.

http://www.firstamendmentcenter.org/how-to-file-an-foia-request
http://www.tgradylaw.com/blog/2014/02/how-to-make-an-irs-freedom-of-informationact-foia-request.shtml
The Prevention and Removal of IRS Federal Tax Liens
1) What is a Federal Tax Lien?

A lien is a security interest in an asset, securing the payment of a debt of oth


er financial obligations. Think of it as collateral being used to make sure that
the payee doesn t default on repayment of his or her debts.
A tax lien can therefore be defined
o make sure that a tax debt is paid
xes for an extended period of time,
her assets to ensure that they pay

as a legal claim against a taxpayer s assets t


in full. If a taxpayer fails to pay their ta
the IRS will apply a tax lien against his or
in full.

2) Liens v/s Levies


A tax lien is a document filed by the IRS to protect the government's ability to
collect money.
A levy is the forced collection of tax, for example by confiscating money direct
ly out of a bank account or paycheck.
3) Who Places Tax Liens?
Tax liens can be placed by either the Federal, state or local governments.
Tax liens resulting from unpaid Federal and state taxes are placed by the respec
tive governments.
Local governments can place liens for unpaid local income or property taxes.
Tax liens are public record
The asset controlled by a lien cannot be sold, purchased, refinanced or borrowed
against in any way.
The asset becomes untouchable unless the tax debt is satisfied in full.
4) Notifying Taxpayers that Tax Lien has been Filed
The IRS generally notifies taxpayers after a federal tax lien has already been f
iled.
Federal tax liens are effective beginning ten days
After the IRS issues a written demand for payment of outstanding taxes.
5) Prevent an IRS tax lien
Prevent an IRS tax lien is to not default on tax payments.
Filing your taxes properly and on time.
Paying in full ensures that the IRS will never issue a tax lien against you.
Due to financial hardships, making full payment may not be feasible on time.
You can explore other option to set up an installment payament plan.
In this way the IRS knows that you will pay your debt tax in full over time.
There are certain terms and conditions that apply, but this is the safer route.
6) Removing an IRS Tax Lien

What can you do if a tax lien has already been placed on your property?
You can still get a tax lien removed.
Here are some ways an IRS tax lien can be removed.
a) If the IRS is notified of a filing error, the tax lien must be withdrawn.
b) Either paying off the tax lien amount in full, or settling the debt with an
offer in compromise will cause the tax lien to be removed.
c) The tax lien may become unenforceable due to the expiration of the 10 year st
atute of limitations, and then must be removed.
7) There are two basic ways to remove a federal tax lien
Withdrawal
And
Release.
8) Withdrawal of tax liens
When using this method the IRS treats it as if there was no lien in the first pl
ace
All records are removed
This is done only if there was an error committed by the IRS.
If a tax lien was incorrectly filed against you.
Contact the IRS as soon as possible to get it rescinded.
9) Release of tax liens
If the lien was paid off or settled in time
Lien will be lifted within 30 days of receipt of full payment of funds.
Lien release is automatically done once all debts are paid
But it can stay in your credit history for up to 10 years
It s a good idea to avoid getting a tax lien in the first place.
Under the IRS's fresh start program
Taxpayers may be eligible for lien withdrawal or release
If taxpayers outstanding balance is under $25,000.
10) How Tax Lien Impacts Your Credit

Tax liens are public record


It remain in your credit history for a long period of time.
Tax liens adversely impact the credit of taxpayers.
Your credit score will likely suffer.
Emergencies can arise and the inability to access credit or obtain a new credit
card
11) We will Help You
Taxpayers needing assistance in dealing with tax liens.
Taxpayer should seek the advice of a federally authorized tax practitioner
Contact Tax attorney, certified public accountant or enrolled agent.

http://nationaltaxreliefattorney.com/irs_tax_lien.html
http://taxes.about.com/od/taxdebts/a/Federal-Tax-Liens.htm

27th Sep 2014


1) 7 Important Things about Payroll Taxes for Small Business Owners
As a small business owner, there is so much to remember.
Keeping inventory in stock, hiring employees, managing the books
You shouldn t ignore Payroll Taxes
The IRS takes payroll taxes very seriously.
2) 7 Tips for Small Business Owners about Payroll Taxes
Be sure you understand these seven important things.
3) Crossing State Lines
If you own a business with employees in more than one state.
Payroll taxes become much more complex.
Different states have individual rules and regulations
Regarding how payroll taxes are calculated, handled, and distributed.
Make sure you understand the tax liabilities involved.
The additional taxes you will be subjected to may or may not outweigh the benefi
ts.
4) Tax Compliance Enforcement

Even you run an honest business, slipups can carry stiff penalties
IRS has chosen to focus its tax compliance enforcement on small businesses.
IRS crack down on small businesses because they have been identified as the sing
le largest source of uncollected taxes in the country.
5) Keep Your Hands Off.
The biggest

no-no

in regards to payroll taxes involves interfering with the funds.

You must remember to keep your hands off and leave funds alone.
Completely against the law to borrow or use payroll taxes for any purpose.
They don t technically belong to you.
They are a portion of your employees

paychecks and do not belong to the employer.

6) Constantly Monitor
You can t set up a payroll program or system and expect it to run itself.
It s important to constantly monitor things on a rolling basis.
Need for continual evaluation is huge.
Tax laws and requirements change frequently.
Don't fall behind on the times.
7) Bonus Checks and Overtime.
Did you know the timing of bonus checks and overtime payments can have major tax
implications?
The timing of these payments needs to be correctly aligned with payroll tax due
dates.
Improper alignment could mean penalties and fines.
8) Stiff Penalties
Improper payroll tax deductions can lead to stiff and severe penalties.
Not paying payroll taxes can be a federal crime.
If your situation is severe enough
You may be referred to the Criminal Investigation Division or Department of Jus
tice.
9) Delinquent Payroll Taxes.
If you have delinquent payroll taxes, you must act swiftly.
The best piece of advice is to stay current on all of your present and future pa
yroll tax withholdings.

The second piece of advice is to seek professional tax relief help.


Develop a plan for paying off your debt.
Delinquent payroll taxes add up quickly and can be considered a federal crime
To avoid unnecessary penalties, it s best to cooperate.
Frequently Asked Questions about Payroll Tax.
11) How can I ensure compliance?
There are hundreds of rules, codes, and regulations regarding payroll and payrol
l tax withholdings.
These often lead to major confusion over rules and compliance.
To avoid mistakes
It s important to educate yourself on common errors.
learn about simple ways to follow the rules.
Get professional help when necessary
12) I m overwhelmed

where can I get help?

The good news for those overwhelmed by payroll taxes is that there is help waiti
ng around the corner.
There are plenty of services, software, and tools.
It s important to keep an eye on these tools from time to time to make sure they a
re working properly.
13) I have delinquent payroll taxes, am I in trouble?
The short answer is

not necessarily.

As soon as you find out about delinquent payroll taxes.


It s important to contact professional help
You will want to deal with the IRS honestly.
14) Important Points to Remember
Payroll tax deductions are an important part of running a small business.
You must make sure you follow all laws and regulations pertaining to your busine
ss.
The IRS is always looking to crack down on small businesses that disobey their r
ules
Don t let yours be one of them.

15) We will Help You


Contanct Long Island Tax Resolution Services to receive help for payroll taxes
can help with resolving current issues so that your company can move forward.
http://www.longislandtaxresolution.com/payroll-taxes-help-for-small-business-own
ers/
http://www.accountingweb.com/topic/tax/7-things-small-business-owners-should-kno
w-about-payroll-tax-problems
29/09/2014
The Most Common Sales Tax Problems & How to Avoid Them
This presentation is designed to help you avoid some of the most common sales ta
x Problem
1) Adherence to the rules and requirements
As your revenue increases, so do your tax responsibilities.
it s important for the business owners to remember state sales tax.
Adherence to the rules and requirements means everything runs smoothly
Any slip up and you may find yourself in trouble
2) 8 Common Sales Tax Problems
Here are 8 common sales tax problems you should avoid at all costs
3) Failing to Collect Sales Tax.
For some reason, businesses sometimes overlook the need to collect sales tax.
There is no excuse for this.
If you sell a tangible product, you need to collect sales tax.
A failure to do so means you lose money on your end
4) Inadvertent Misuse of Sales Tax Money
There is absolutely no excuse for misusing sales tax money.
Still happens on a regular basis.
Small businesses don t always manage bank accounts accurately and well.
Funds often become co-mingled.
That means business revenue, personal money, and taxes are all sloshing around i
n one big bucket.
When this is the case....

Tax money will be spent to pay for bills

personal or business in nature.

Your state s authority does not look fondly on this and will enact harsh penalties
.
To avoid this situation...
It s best to keep separate accounts for all funds.
5) Intentional Misuse of Sales Tax Money
The only worst thing is intentionally misusing sales tax money
This happens when a business owner finds himself in trouble and
money to pay off some other expense.

borrows

sales tax

In most cases, the owner never recovers the money and cash flow problems only be
come worse.
No excuse will appease your state s tax authority in this situation.
6) Doing Nothing.
Your state s does not appreciate inadvertent misuse of sales tax money .
It s always best to pay part of what is owed,rather than avoiding the sum altogeth
er.
Business owners should pay what they have and make a case for the remaining bala
nce.
Often, your state s tax authority will develop a repayment plan.
7) Miscalculations.
Business owners should have a basic understanding of finance and accounting
Errors are easy to come by when dealing with sales tax.
One solution is to run numbers twice through two different tools.
8) Failing to File on Time
Business owner forgets to filing tax form on time
Late tax forms can be costl.
Business owners should keep a calendar to remind them of all deadlines.
9) Nonprofit Exemptions
One common misconception is that all nonprofits are exempt from paying sales tax
.
While this may be true, it is not necessarily a given.
Nonprofit status does exempt federal income taxes.

But some states still require sales tax.


Business owners should check state laws and regulations to ensure they are follo
wing the rules.
10) Online Businesses
Online businesses are often subjected to different rules and regulations.
which can leave owners confused and misguided.
One common mistake is believing sales tax is not required for an online business
.
In the state where the business has a physical presence.
It is required that the business charges sales tax.
It s best to check specific rules and regulations regarding this law.
Rules and regulations do change from time to time.
Example:

Sales Tax Word Problems

If you are looking for answers on how to solve sales tax problems.
The best thing is to simply practice.
Here are some sales tax word problems to get your mind going.
Your local dealership is selling a pickup truck for $18,995. The sales tax is 7%
. What is the total price and what portion of that is sales tax?
The total price is $20,324.65. The sales tax is $1,329.65.
John purchased two pairs of blue jeans for $29 dollars each and one shirt for $1
2. The sales tax is 6.5%. How much did John owe and what portion is the business
required to set aside for sales tax?
Maintain the integrity and reputation of your business with your state s tax autho
rity by using these 8 tips on how to solve sales tax problems.
Contanct Long Island Tax Resolution Services.
We can help with resolving current sales tax problems issues so that your compan
y can move forward.
http://www.longislandtaxresolution.com/s-tax-problems/

16/10/2014
Investment Fraud Recovery for Victims
1) What is Investment Fraud?

All Isn t Lost!

Investment fraud happens when people are manipulated or deceived while investing t
o the point where any number of monies or property may be stolen by scams or bro
kers.
*** Investment fraud happens when people are manipulated or deceived while inves
ting. If any scheme or deception relating to investments that affect a person or
company.
Investment fraud is any scheme or deception relating to investments that affect
a person or company.
2) Common Types of Investment Fraud
Investment fraud comes in a number of forms and guises. Some of the most common
include:
Ponzi schemes:
Pyramid schemes:
Pump and Dump schemes:
Advance fee fraud:
Microcap fraud
Affinity Fraud
Promissory Note Scams
High-yield investment program
3) Ponzi Scheme:
Generally Speaking a Ponzi Scheme is fraudulent investment plan.
Ponzi schemes promise high financial returns or dividends not available through
traditional investments.
The scheme is named after Charles Ponzi, who duped investor using this technique
in 1920.
The organizers pays dividends to initial investors using the funds of subsequent i
nvestors rather than from profit earned.
Usually Ponzi scheme collapse when new investors cannot be attracted.
**Tips for Avoiding Ponzi Schemes:
Avoid if someone promises an investment return that is unnaturally high or ste
ady.
Avoid investments if you don't understand them or can't get complete informati
on about them.
Dig deep in selecting investments and the people with whom you invest
Consult unbiased broker or financial advisor before investing in the scheme

4) Pyramid schemes
Pyramid schemes make money by continually recruiting new participants
In pyramid schemes the victims themselves are induced to recruit further victims
through the payment of recruitment commissions.
The fraudsters promise sky-high returns in a short period of time.
Pyramid schemes are also referred to as franchise fraud or chain referral scheme
s
Individual is offered a distributorship or franchise to market a particular prod
uct.
** How to avoid Pyramid Scheme
Check with the Securities and Exchange Commission (SEC) to see if it is a regist
ered investment.
Investors promises of high yield returns, quick returns with no risk
Thoroughly Analyze the prospects
To avoid a pyramid scheme meltdown of your assets, diversify your investment por
tfolia.
5) Pump and Dump schemes:
It is one type of popular fraud Scheme.
Promoters attempt to boost the price of a stock artificially with false informat
ion ( Pump)
Where the promoters gains by selling their shares after the stock is pumped.
This inflated shares will sold off rapidly into the security market by the fraud
sters ( Dump)
Once fraudsters stop hyping the stock, the price typically falls, and investors
lose their money.
** How to avoid pump and dump schemes
Don t believe the hype
Promises of quick gains are rarely true
Find out where the stock trades.
Independently verify claims.
6) Advance fee fraud:
When an investors asked to pay for an upfront or advance receipt of fee, payment
, or commission for the deal to go through in later date.
Advance fee scheme generally targets investors who already purchased underperfor
ming assets.

There are many variations of advance fee schemes


A company claims to be able to clean up your credit report and offers to do so i
n exchange for an advance fee.
Con artists will offer to find financing arrangements for their clients who pay
a finder s fee in advance.
They require their clients to sign contracts to pay the fee in advance .
When they are introduced to the financing source.
Victims often learn that they are ineligible for financing only after they have
paid the finder
*** Tips for Avoiding Advanced Fee Fraud
Know the individuals or parties with whom you are dealing.
Make sure you fully understand any business agreement that you enter into.
Don't enter into an agreement with strangers if you did not initiate the contact
.
Be wary of businesses that operate from post office boxes or mail drops and do n
ot have a street
address
7) Microcap fraud:
Microcap stock fraud is a form of securities fraud involving stocks of "microcap
" companies
Microcap companies are with small amounts of assets and low stock prices.
Microcap stock fraud takes place among stocks traded on the OTC Bulletin Board a
nd the Pink Sheets
It s important to find accurate information when dealing with microcap stocks or p
enny stocks
Many of the companies don t file reports with the SEC
This allows fraudsters to produce false and misleading information to trade.
They usually disseminate information through email spam, paid promoters, and int
ernet message boards.
8) Affinity Fraud
This type of Investment Fraud targets members of particular group, religious or
ethnic communities.
Fraudster who promote affinity scams frequently are or pretend to be members of the
group
They enlist respected leaders from the group to spread the word about the scheme

Convincing them it is legitimate and worthwhile.


Ofen these leaders themselves become victims of the fraudster's ruse.
These scams exploit the trust and friendship that exist in groups of people.
It is difficult for the law enforcement officials to detect an affinity scam.
** How To Avoid Affinity Fraud
Check out everything, how trustworthy the person who brings this opportunity to
you
Never make an investment based solely on the recommendation of a member of an o
rganization or religious or ethnic group to which you belong.
Investigate the investment thoroughly and check the truth of every statement
Do not fall for investments that promise spectacular profits or "guaranteed" re
turns.
Fraudsters often avoid putting things in writing, but legitimate investments ar
e usually in writing.
Fraudsters are increasingly using the Internet to target particular groups thro
ugh e-mail spams.
If you receive an unsolicited e-mail from someone you don't know, containing a
"can't miss" investment
Best is to ignore the mail or forward to concernd authorities.
9) Promissory Note Scams
A promissory note is a form of debt that is similar to a loan or an IOU that a c
ompany may issue to raise money.
For a set period of time an investor agrees to loan money to the company.
The company promises to pay the investor a fixed return to the investor, with Pr
incipal amount and interest.
**How promissory note fraud happens
The fraudsters who may or may not be affiliated with the company
Fraudster persuade agents to sell promissory notes by promising them large commi
ssions.
These agents often do not have a license to sell securities.
They promise of a high, fixed-rate return with very low level risk.
Fraudulent promissory notes are sometimes issued on behalf of fictitious compani
es.
The fraudsters use a portion of the money they collect from investors to pay the

sellers their commissions.


The fraudsters typically abscond with the rest.
Promissory note scams often target the elderly investors.
** Tips To avoid promissory note scams
Generally corporate promissory notes are not usually sold to the general pu
blic.
If someone calls you up or knocks on your door trying to sell you a promiss
ory note, its a scam.
Investors should investigate the person who is selling the promissory notes
Sellers should be licensed in their state , make sure for that.
Insurance agents cannot sell promissory notes.
Beware of promises of "risk free" returns.
Compare the rate of return on promissory note
If the seller promises an above-market rate on a short-term note, proceed with
caution.
10) High-yield investment program (HYIP)
In reality HYIP is a type of Ponzi scheme.
It promises unsustainably high return on investment.
The organizers aim is to steal the investors money.
This scam is also known as the "prime bank scam".
** How to Avoid High-yield investment program Scams
Think before you invest in anything.
Independently verifying information about the investment.
Be wary of business deals that shrouds in extreme secrecy
Avoid those who promises excessive guaranteed returns
9) What to do if You ve Been Defrauded
While prevention is the best defense mechanism against investment fraud
When it s too late to avoid a fraudulent investment
You can still take action
Some of the steps you ll need to pursue include

10) Put it in writing


The first step is to put your complaint in writing with the broker, firm, or org
anization you believe has defrauded you.
This serves two purposes:
Your accusation will demand a response
Your complaint will start a paper trail for future reference.
11) Contact appropriate resources:
Contact appropriate regulatory body
This may be the Securities and Exchange Commission, State Securities Regul
ator, National Association of Securities Dealers, Federal Bureau of Investigatio
n, Better Business Bureau, local district attorney, or local Postal Inspector s Of
fice.
They have the authority to conduct in-depth reviews and will accelerate the pr
ocess.
Provide them with concrete and factual evidence of the fraudulent activity you
believe has occurred.
12) Find representation:
Victims of investment fraud may be eligible to recover a portion of their loss
es through tax deductions.
According to Section 165 of the Federal Tax Code.
Taxpayers are eligible for reimbursement for losses incurred in the same tax y
ear.
To investigate this possibility, you will need the services of a tax resoluti
on specialist.
13) We will Help You
Contact us today for help in recovering from of investment fraud.
It is a fairly complex process that requires expertise of certified tax professi
onals.
We know the IRS processes and rules
Our highly qualified team of tax experts can help you prepare your theft loss re
port.
We will work to compensate your losses.

http://www.fbi.gov/scams-safety/fraud

http://www.sec.gov/answers/ponzi.htm
http://www.crimes-of-persuasion.com/Victims/theft_loss_deduction.htm
http://www.fraudsandscams.com/Section165.htm

17th Oct 2014


Types of IRS Installment Agreements for Your Tax Debt Solution
1) What is IRS Installment Agreement Plan?
An Installment Agreement is an Internal Revenue Service (IRS) program which allo
ws individuals to pay tax debt in monthly payments. The total amount paid can be
the full amount of what is owed, or it can be a partial amount.
2) Who Benefits The IRS Installment Agreement Plan
Some taxpayers cannot pay the full amount to IRS.
IRS offers installment agreements
a period of time.

to taxpayers where they can pay the amount over

This reduces the financial burden on taxpayers


The important thing is knowing which installment agreement you qualify for.
3) Types of Installment Agreements
There are four different types of installment agreements offered by the IRS.
They are ...
Guaranteed Installment Agreements
Streamlined Installment Agreements
Partial Payment Installment Agreement
Non-Streamlined Installment Agreements
Choosing wisely which installment agreement to pursue with IRS
4) Guaranteed Installment Agreements
The IRS is required to agree to an installment plan if your balance due is $10,0
00 or less and you meet all of the following criteria:
For the previous five years you haven't filed late or paid late.
All your tax returns are filed.
Your monthly installment payments will pay off your balance in 36 months or less
.
You've had no installment agreement in the previous five years.
You agree to file on time and pay on time for future tax years.
A guaranteed installment agreement is most preferred for delinquent taxpayers

The biggest benefit is that the IRS cannot file a federal tax lien.
Minimum monthly payment will be the total amount owed divided by number of month
s the IRS agrees upon for the installment plan
5) Streamlined Installment Agreements
If you don't meet the criteria for a guaranteed installment agreement.
You should consider a streamlined installment agreement.
In this plan, you must owe a balance of $25,000 or less and agree to pay it off
within 60 months.
If your balance is set to expire under the 10 year statute of limitations
IRS can require full payment within the time leading up to this deadline.
As of March 7, 2012, the IRS agreed to extend installment agreement plans to tho
se owing $50,000 or less
The taxpayer agrees to pay off the balance in 72 months or less.
This is part of the IRS s

Fresh Start Initiative

The main benefit of a streamlined installment agreement is that IRS will not fil
e a federal tax lien
6) Partial Payment Installment Agreements
If the minimum payments for either the guaranteed or streamlined installment agr
eements do not fit.
It may be better to consider a partial payment installment agreement
Under this type of repayment plan, the minimum monthly payment is calculated bas
ed on how much you can afford.
It also permits longer repayment terms that extend beyond 72 months.
IRS may file a federal tax lien to protect its interests in collecting the debts
.
Unlike other plans
The IRS is allowed to regularly re-evaluate the terms and increase monthly minim
ums based on your ability to pay more.
7) Non-Streamlined Installment Agreements
If none of the pre-established plans work in your situation
A non-streamlined installment agreement may need to be negotiated.
You will be required to directly negotiate terms with an IRS agent.
The IRS will ask that you provide them with a financial statement (Form 433-F)
So IRS can analyze what's the most you can afford to pay each month towards your
balance.

The IRS can legally ask you to take out a bank loan, home equity loan, or sell n
on-essential assets.
You can pay off the IRS without needing to get an installment agreement.
8) IRS Tax Debt Help
Delinquent IRS tax debt is difficult to deal with.
It s important to get professional help to get qualify any plan.
Tax professionals can talk to the IRS on your behalf
Contact Long Island Tax Resolution Services.We help you decide the best course o
f action.

20/10/2014
A Business Owner s Guide to The Trust Fund Recovery Penalty and Payroll Taxes
1) What is the Trust Fund Recovery Penalty?
If you own a business and you have employees.
You are requirement to pay the withhold payroll taxes to the IRS.
According to IRS federal tax regulations,
Employers are required to deposit their employees' payroll tax withholding amoun
ts.
Those Employer who neglect or refuse to comply with this payroll tax requirement
.
The IRS has instituted a penalty called the Trust Fund Recovery Penalty (TFRP).
2) What are trust funds ?
Trust funds are the portion of the Social Security and Medicare tax withheld fro
m an employee s pay (7.65%) and income tax withheld from the employee s pay.
Such funds do not include federal unemployment taxes.
The employer is deemed to be holding these funds in trust
Hence the name trust funds

for the U.S. Government

for that portion of the payroll taxes.

3) Who is Subject to the TFRP? ( Responsible Person)


According to the IRS TRFP regulations,
Any "responsible" business person is subject to handle employees payroll taxes.
Will recieve a penalty if payroll taxes are not deposited in a timely manner.

A responsible person is defined as a person who holds a position of responsibili


ty and is aware of the requirement to submit federal employment taxes.
Responsible person defined as a sole proprietors, partners, corporate officers,
employees, bookkeepers, accounting firms, parent companies, lenders/creditors, a
nd purchasing companies.
The IRS to impose the TFRP, the "responsible" person must willfully fail to subm
it federal payroll tax deposits.
The IRS can assess a penalty for companies or business owners that don t follow th
e rules.
4) The TFRP Penalty Amount
The TFRP penalty amount is determined based upon the unpaid balance of the trust
fund tax
Includes unpaid income taxes withheld plus the employee s portion of withheld FICA
taxes.
IRS sends a letter stating its intention to assess the TFRP penalty
The responsible party has 60 days to respond with an appeal.
If no appeal is submitted with in 60 days
The IRS will assess the penalty via a Notice and Demand for Payment
The IRS can launch a total collection action against your personal assets(federa
l tax lien, levy, seizure claim, etc.)
5) How to Avoid the TFRP
If you want to avoid the trust fund recovery penalty and remain in business.
You must stay proactive
The IRS takes payroll taxes very seriously
Refusal to pay will have them beating down your door in no time
Here are a few tips for avoiding the frightening TFRP
6) Stay Current
You need to stay on top of your payroll accounting.
Get current with all employment tax returns and 941 s.
Even if paying them in full is impossible.
By filing your 941 s, you can at least show the IRS you are attempting to remain c
ompliant.
IRS deal much more kindly with business owners, that make an effort

As opposed to ones that pay total disregard to their rules and regulations.
7) Start fresh
Business owner should forget the past and focus on the present.
This will helps them in the situation of TFRP
Regardless of how much past payroll tax you owe
Start with the current month s deposits and work from there.
The IRS takes notice of these small details.
8) Statute of limitations
According to the Trust Fund Recovery Penalty Statute of Limitations
The IRS has exactly three years to notify you of delinquent trust fund taxes
After this point, you are off the hook
This situation will be a rare slip by the IRS, but it s at least worth knowing.
9) Negotiate
When you know you ve messed up, try to Negotiate
The Rule of Thumb is
ment to the IRS.

always under-promise and over deliver when you make a commit

If you cooperate with the IRS


It is possible that IRS will work with you instead of imposing the TFRP.
10) Be honest
it s important to be honest and transparent
The IRS is willing to work with you if they feel like you re sincere.
Never lie to the IRS and always provide information when you have it.
11) Contact Us
Seek the assistance of Long Island Tax professional for the understanding of TFR
P
Our expertise and knowledge can improve your chances of remaining in the good gr
aces of the IRS.
http://www.longislandtaxresolution.com/trust-fund-recovery-penalty/
21/10/2012
PPT No: 20
How To Choose the Best Tax Resolution Expert

10 Tips

1) Advantage of Hiring The Right Tax Resolution Specialist


When facing with an impending tax resolution case.
Its important to hire the right tax resolution specialist to handle your situati
on.
The advantages of hiring an expert for your tax problems and tax resolution are
many.
It is difficult to handle the tax case it on your own.
Like negotiating settlement terms, preventing future issues with IRS.
These are all time-consuming and stressful.
2) Why A Certified Tax Resolution Specialist or Tax Attorney?
By law, Taxpayers are allowed to represent yourself in front of the IRS.
It s a dangerous path to walk with no legal experience or in-depth understanding o
f the IRS.
A Certified Tax Resolution Specialist (CTRS) or Tax Attorney is worth her weight
in gold.
CTRS can help resolve tax problems of taxpayers at both the state and federal le
vel.
3) Tips Before You Hire a Tax Resolution Professional
What to Look For When searching for a tax specialist or attorney
There are a number of things to keep an eye on.
Check out these top 10 tips for choosing a good tax relief expert to help you re
solve your IRS problems.
Follow these tips for best results
4) Assess qualifications
Your tax expert needs to meet certain qualifications to be considered.
Ask tax representative educational background and professional affiliations.
He or she should be a Certified Tax Resolution Specialist (CTRS) or qualified ta
x attorney.
If he or she falls in the tax attorney category.
They are member of the American Society of Tax Problem Solvers, Institute of Cer
tified Public Accountants, or local Bar Association?
5) Understand costs

When you know you need a tax attorney, go for highly qualified rather than cheap
specialist
With a tax resolution specialist, you usually get what you pay for.
You don t want an expert that takes shortcuts or ignores important issues.
Find the expert who put in the time to learn about your case and develop an effe
ctive defense.
6) Look for experience
One of the most important characteristics to look for is experience.
How long have they been in business
Who have they represented in the past.
What sort of ongoing professional development do they participate in?
IRS tax laws are constantly changing
An inexperienced representative may not possess the ability to adapt.
7) Specialization
The amount of specialization a tax expert has can tell you a lot.
Do they work in a dozen different areas of tax law.
They focused on one or two niches? More focus usually means more value.
8) Future oriented
A good tax specialist doesn t only care about your current situation.
They will use your present situation to better prepare you for the future.
They ensures you achieve permanent tax relief
Instead of just escaping a current problem.
9) Avoid guarantees
Searching for a qualified tax expert is difficult
It is more difficult if some one simply says "specialist" and offers unfamiliar
claims.
If a tax resolution specialist offers you a guarantee of any type, just walk awa
y.
Nobody, no matter how skilled, can make accurate guarantees regarding the IRS.
10) Read reviews
You can search for client reviews and ratings on internet before choosing a tax
expert.

This gives you actual information of tax firm or specialists


Unlike biased material found on a company s site.
Sites like the Better Business Bureau and other credible sources also provide va
luable insights.
11) What s unique?
There are thousands of tax experts at your disposal.
Most of them are carbon copies of each other.
When you looking for tax specialist, ask what makes them unique.
What s their value proposition
Good firms will have unique software solutions.
They have proven strategies and personalized approaches.
12) Actual representation
The large majority of your case will be handled remotely.
This is through emails and phone calls and filings will dictate the outcome.
In some situations, you may need actual physical representation.
Is the tax expert you are considering willing to provide this?
13) Detailed outline
There is a difference between guaranteeing an outcome and outlining a specific c
ourse of action.
Ask your representative what plan they have for you.
What results can reasonably be expected.
This provides peace of mind and proves competency.
14) Be Cautious When Choosing
Going with the wrong tax expert can make things worse.
An inadequate or dishonest

expert

can put you on the wrong side of the IRS

A Certified Tax Resolution Specialist can be your best friend.


You can t trust everything you hear about tall claims of tax firms.
Ignore the noise and focus on these 10 tips for a better shot at tax relief.
15) Contact Us
Our highly qualified team of tax experts specialize in providing customized solu
tions for businesses and individuals for IRS tax resolution.

http://www.longislandtaxresolution.com/how-to-choose-the-best-tax-resolution-exp
ert/

22/10/2014
A Guide to New York State Tax Resolution by Tax Specialists
1) There are Available Solutions For Tax Problems, Codes and Laws
Whether you are an individual taxpayer or small business owner, abiding by the m
any New York state tax codes, laws, and regulations can be difficult. Thankfully
, there are available solutions for when you find yourself in compromising situa
tions.
2) Facing The Various Tax Problems
There are hundreds of problems that frequently necessitate tax resolution effort
s.
For individual taxpayers, these often include
Unfiled income tax returns
Unpaid back taxes
Tax audits
Tax warrant
3) Unfiled income tax returns
Individual taxpayers withholding their own income or "failing to file returns" i
s risky
If NYS discovers your failure to pay, the consequences could be devastating
You ll need to file the returns immediately to avoid trouble
If NYS has already found you
You ll likely need the assistance of a tax resolution specialist.
4) Unpaid back taxes
It can take months for NYS to follow up with you over unpaid back taxes
Resolving unpaid taxes requires an accurate determination
What you owe and when it was due
A tax specialist can help you with this.
5) Tax audits
If your listed income and deductions aren t accurate or atleast inaccurate
NYS may file a tax audit to examine the details of your return

A tax resolution specialist can ensure you cooperate in the appropriate manner.
6) Tax warrant
In severe cases, you will slapped with a tax warrant involving wage garnishment
and asset seizure.
This means your tax issues are advanced and serious
You should be dealt with immediately.
7) For businesses owners, some of the most common tax issues include
Sales taxes
Inappropriate deductions
8) Sales Taxes
If your company fails to collect and file sales taxes
Responsible person will be hit with a severe sales tax penalties.
Your organization could shutter, if rules and procedures aren t appropriately foll
owed.
9) Inappropriate deductions
Dealing with deductions can be challenging
It s easy to mistakenly sweep things under the rug
If NYS suspects issues with your tax returns.
NYS can file a tax audit for further examination
10) Dealing with Tax Problems
There are right and wrong ways to deal with tax problems
Its always wrong way to lie, cover up, or evade the demands of NYS
Better to abide by these three rules
Rule 1 : Contact NYS
Rule 2 : Understand Repayment Options
Rule 3 : Find Help
11) Rule # 1: Contact NYS
Its important to contact appropriate parties, if you recieve notice in the mail
Or if you suspect something in wrong
Immediately contact NYS, rather than hiding to resolve the issue
The revenue officer will be much more willing to work with you

Your side of the story will be taken into account.


12) Rule # 2: Understand Repayment Options
Taxpayer will qualify for a number of repayment options.
Depending on the criteria you meet and about your situation.
Repayment option includes guaranteed, partial, streamlined, and non-streamlined
installment agreements
This allow you to make small payments over an extended period of time.
This can be a major relief for individuals or organizations
Who can t afford to make a single lump sum payment.
We Will Explain With an Example
If taxpayer owes $5,000 in back taxes, With a guaranteed installment agreement
You can pay the delinquent taxes over a period of three years.
This would put your minimum monthly payment around $140, as opposed to thousands
upfront.
13) Rule #3: Find Help
Dealing with NYS can be tricky
When you don t understand the many state tax laws, codes and regulations.
Its better to hire a qualified tax professional
A Certified Tax Resolution Specialist can develop a strategic plan and represent
on your behalf.
Being honest will enable a tax specialist to uncover all the details.
14) NY State Tax Resolution
Death and taxes are certainties
Don t let taxes be the death of your personal finances or business.
With the assistance of a tax resolution specialist
You can resolve current issues and prevent future ones.
The best way to stay in line is to over-document and over-communicate everything
.
Creating a paper trail can help solve issues
It shows NYS that you care about the integrity of the tax system.
For more information on New York specific tax laws
Please visit The New York State Department of Taxation and Finance.

Here you can file returns, make payments, check your refund status, and get answ
ers to pressing questions.
15) Contact Us
Our highly qualified team of tax experts are best in solving IRS tax problems an
d New York State tax problems.
We offer specialized tax resolution services. Our approach is designed for you,
and is client-centered.
http://www.longislandtaxresolution.com/new-york-state-tax-resolution-services/

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