IRS Problems
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"When a client has a serious problem with the IRS, I recommend Demetriou, Montano & Associates. Some
clients have selected other firms and always regretted their decision."
Larry Olney
Tax Preparer
clients have selected other firms and always regretted their decision."
Larry Olney
Tax Preparer
UNFILED TAX RETURNS
Do you have unfiled tax returns? Has the IRS contacted you about the non-filing of returns? If so, DM&A
can help, even if you have not filed for thirty years. First, we need to determine which tax returns need to
be filed. That’s right, you may NOT have to file all of the unfiled tax returns. Second, we need to prepare
the required tax returns as soon as possible. Almost any licensed preparer, CPA, Enrolled Agent, etc.,
can prepare your tax returns. Third, knowing how to negotiate with the IRS agent is the key to the
successful resolution of your tax problems. If the IRS has made an ESTIMATED ASSESSMENT against
you, DM&A can get it corrected. DM&A has already helped thousands of people and businesses resolve
unfiled tax return problems.
UNPAID TAXES
Do you owe back taxes? If so, there are solutions, even if you owe more than you can ever pay. DM&A
can negotiate Installment Agreements up to five or ten years. You could try it yourself, but wouldn't you
rather have an experienced professional get you the best deal possible? Your financial security depends
on it! If a client is in a severe economic hardship situation we can get the IRS to suspend all collection
for a year or longer. If you financially qualify, IRS tax liabilities can be negotiated for a settlement of LESS
than you actually owe with an Offer in Compromise. Did you know that some past due IRS taxes can be
eliminated by Bankruptcy? That's right! We know how to do it!
PAYMENT PLANS (aka Installment Agreements)
The IRS can set-up a monthly installment agreement to pay tax liabilities. These agreements are based
on the taxpayer's ability to pay; they are NOT based on the amount of the liability. The agreements are
always MONTHLY payment plans, but the monthly amount can vary from $25 per month or more and last
from three months to five or ten years. We can also negotiate payment
plans for businesses that owe payroll taxes up to five years or more.
TAX LIENS
Tax liens can be filed on any tax liability, but are usually filed on liabilities over $10,000. A tax lien is filed
with the local County Recorder and attaches to any and all property belonging to the taxpayer. The tax
lien is filed to “protect the governments interest,” acts like a judgment and prevents the sale or
refinance of property. Once tax liens are filed they can only be released when the tax is paid, discharged
by Bankruptcy, resolved by an Offer in Compromise or expire due to the expiration of the ten year statute
of limitations.
LEVIES
The IRS can levy your bank account, wages or Accounts Receivable. A bank levy is a single enforcement
action that attaches only to funds currently in the account, NOT future deposits. You can literally make a
deposit the day after the levy to cover outstanding checks and continue to use the account. DM&A may
be able to get a bank levy released, depending on the circumstances. A wage levy is continuous and
attaches a portion of each subsequent paycheck. It will take about 80% of your take-home pay. DM&A
can get a wage levy released and negotiate a resolution to your unpaid tax liability that you can live with.
Levies on Accounts Receivable are also single enforcement actions that attach to current receivables,
NOT future receivables.
OFFER IN COMPROMISE
The Offer in Compromise is the most misunderstood tax debt solution. The Offer in Compromise can be
used by taxpayers who cannot fully pay their tax liability over the next five to ten years, but do have the
ability to make a lump sum offer of an amount less than is actually owed. It can be used for ALL types of
taxes and is most effective on liabilities of more than $20,000. The amount that must be offered is based
on equity in assets and income, NOT on the amount of the tax liability, and must be more than the IRS can
collect through their enforcement methods. The Offer in Compromise process takes six to twelve
months and requires complete financial disclosure.
Do you have unfiled tax returns? Has the IRS contacted you about the non-filing of returns? If so, DM&A
can help, even if you have not filed for thirty years. First, we need to determine which tax returns need to
be filed. That’s right, you may NOT have to file all of the unfiled tax returns. Second, we need to prepare
the required tax returns as soon as possible. Almost any licensed preparer, CPA, Enrolled Agent, etc.,
can prepare your tax returns. Third, knowing how to negotiate with the IRS agent is the key to the
successful resolution of your tax problems. If the IRS has made an ESTIMATED ASSESSMENT against
you, DM&A can get it corrected. DM&A has already helped thousands of people and businesses resolve
unfiled tax return problems.
UNPAID TAXES
Do you owe back taxes? If so, there are solutions, even if you owe more than you can ever pay. DM&A
can negotiate Installment Agreements up to five or ten years. You could try it yourself, but wouldn't you
rather have an experienced professional get you the best deal possible? Your financial security depends
on it! If a client is in a severe economic hardship situation we can get the IRS to suspend all collection
for a year or longer. If you financially qualify, IRS tax liabilities can be negotiated for a settlement of LESS
than you actually owe with an Offer in Compromise. Did you know that some past due IRS taxes can be
eliminated by Bankruptcy? That's right! We know how to do it!
PAYMENT PLANS (aka Installment Agreements)
The IRS can set-up a monthly installment agreement to pay tax liabilities. These agreements are based
on the taxpayer's ability to pay; they are NOT based on the amount of the liability. The agreements are
always MONTHLY payment plans, but the monthly amount can vary from $25 per month or more and last
from three months to five or ten years. We can also negotiate payment
plans for businesses that owe payroll taxes up to five years or more.
TAX LIENS
Tax liens can be filed on any tax liability, but are usually filed on liabilities over $10,000. A tax lien is filed
with the local County Recorder and attaches to any and all property belonging to the taxpayer. The tax
lien is filed to “protect the governments interest,” acts like a judgment and prevents the sale or
refinance of property. Once tax liens are filed they can only be released when the tax is paid, discharged
by Bankruptcy, resolved by an Offer in Compromise or expire due to the expiration of the ten year statute
of limitations.
LEVIES
The IRS can levy your bank account, wages or Accounts Receivable. A bank levy is a single enforcement
action that attaches only to funds currently in the account, NOT future deposits. You can literally make a
deposit the day after the levy to cover outstanding checks and continue to use the account. DM&A may
be able to get a bank levy released, depending on the circumstances. A wage levy is continuous and
attaches a portion of each subsequent paycheck. It will take about 80% of your take-home pay. DM&A
can get a wage levy released and negotiate a resolution to your unpaid tax liability that you can live with.
Levies on Accounts Receivable are also single enforcement actions that attach to current receivables,
NOT future receivables.
OFFER IN COMPROMISE
The Offer in Compromise is the most misunderstood tax debt solution. The Offer in Compromise can be
used by taxpayers who cannot fully pay their tax liability over the next five to ten years, but do have the
ability to make a lump sum offer of an amount less than is actually owed. It can be used for ALL types of
taxes and is most effective on liabilities of more than $20,000. The amount that must be offered is based
on equity in assets and income, NOT on the amount of the tax liability, and must be more than the IRS can
collect through their enforcement methods. The Offer in Compromise process takes six to twelve
months and requires complete financial disclosure.
IRS LETTERS
IRS letters, called Notices, should NEVER be ignored! Most all IRS Notices have
SPECIFIC response dates. Although there are a few days grace built in,
typically addresses a specific type of tax and a specific period or year. If you
have received a Notice of Intent to Levy, the IRS can and will levy bank accounts
and paychecks. If you are a business, they can also levy Accounts Receivable
or seize equipment and even your office.
IRS letters, called Notices, should NEVER be ignored! Most all IRS Notices have
SPECIFIC response dates. Although there are a few days grace built in,
typically addresses a specific type of tax and a specific period or year. If you
have received a Notice of Intent to Levy, the IRS can and will levy bank accounts
and paychecks. If you are a business, they can also levy Accounts Receivable
or seize equipment and even your office.
| FREE Consultation call TODAY (888) 987-1040 |
Demetriou, Montano & Associates
TAX PROBLEM SPECIALISTS
TAX PROBLEM SPECIALISTS
| Providing help with tax problems and intervention with IRS troubles throughout Southern California including Los Angeles, Orange County, Long Beach, West Los Angeles, Santa Monica, Irvine, Newport Beach, Santa Ana, Anaheim, Costa Mesa, Pasadena, Encino, Sherman Oaks, Riverside |