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, you must have the returns prepared as soon as possible. Almost
any licensed preparer, CPA, Enrolled Agent, etc., can prepare your tax returns.
However, 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,
DM&A can get it corrected. DM&A has already helped thousands of people and
businesses resolve unfiled tax return problems.
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 with the IRS.
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! Sometimes IRS
tax liabilities can be negotiated for a settlement of LESS than you actually owe! Did you
know that some past due IRS taxes can be eliminated by Bankruptcy? That's right!
We know how to do it!
The IRS can set-up Payment Plans to pay off tax liabilities. These
agreements are based on the taxpayer's ability to pay, NOT 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 years or more. We can
also negotiate payment plans for businesses that owe payroll taxes.
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. Levies on Accounts Receivable are also single enforcement
actions which attach to current receivables, NOT future receivables.
The Offer in Compromise is the most misunderstood tax debt solution. The
Offer in Compromise is intended to be used by taxpayers who cannot fully pay their tax
liability over the next five to ten years. It can be used for ALL types of taxes and
is most effective on liabilities of more than $10,000. The amount that must be
offered is based on equity in assets and income, NOT on the amount of the tax liability.
The Offer in Compromise process takes six to twelve months and requires complete
financial disclosure.
