https://www.taxrepair.com/blog daily 0.75 2020-06-28 https://www.taxrepair.com/blog/can-i-use-bankruptcy-to-eliminate-irsstate-tax-debt monthly 0.5 2020-06-28 https://www.taxrepair.com/blog/stop-levies monthly 0.5 2020-05-21 https://www.taxrepair.com/blog/irs-audit-why-you-should-use-a-professional monthly 0.5 2020-06-28 https://www.taxrepair.com/blog/get-the-irs-off-your-back monthly 0.5 2020-06-28 https://www.taxrepair.com/blog/stopping-irs-collection-efforts monthly 0.5 2020-05-21 https://www.taxrepair.com/blog/understanding-offer-in-compromise-oic monthly 0.5 2020-06-28 https://www.taxrepair.com/blog/all-about-payment-plans monthly 0.5 2020-06-28 https://www.taxrepair.com/blog/stopping-a-wage-garnishment-aka-levy monthly 0.5 2020-05-21 https://www.taxrepair.com/blog/what-you-need-to-know-about-filing-past-due-tax-returns monthly 0.5 2020-05-21 https://www.taxrepair.com/tax-preparation daily 0.75 2020-07-02 https://www.taxrepair.com/who-we-are daily 0.75 2020-05-11 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585527898944-HAFY3AG8ETT6IRWUG4JN/image-asset.jpeg Who We Are - We are a firm comprised of former IRS Revenue Officers and Supervisors who are experts in providing tax problem intervention services for all. Founded in 1989 by Jim Demetriou and Mike Montano, Demetriou, Montano & Associates (DM&A) has grown to routinely represent over 200 active clients from our beautiful West Los Angeles office. The firm's success is based on our senior partners' direct involvement with our clients. The primary focus of DM&A's work is representing and protecting clients who have significant unpaid personal or business taxes and/or who have not filed several tax returns. DM&A also works for tax attorneys, CPAs, EAs and other tax professionals. Our expertise is derived from our staff of former IRS collection managers, their daily negotiations with IRS tax collection personnel and their inside knowledge of tax collection practices and procedures. DM&A also represents clients before the California Franchise Tax Board, Employment Development Department and Board of Equalization. CPAs, EAs and attorneys who have worked with us over the years continue to recommend our specialized services on an ongoing basis and with complete confidence that their clients will be satisfied with our knowledgeable staff. When requested, DM&A can also provide former IRS auditors who specialize in resolving unique audit and appellate issues. We are based in Southern California but we have clients throughout the country and can provide service no matter your location. We look forward to working with you! https://www.taxrepair.com/what-your-tax-letter-means daily 0.75 2020-06-28 https://www.taxrepair.com/unfiled-taxes daily 0.75 2020-03-30 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585529229594-R40XU6TBWP63OX99JA2M/image-asset.jpeg Unfiled Taxes - Past Due Tax Returns DM&A has already helped thousands of people and businesses resolve unfiled tax return problems just like yours. We even help "tax protestors" get back into compliance. One important aspect is that when clients come to us after the tax collector knocks on the door, we understand the urgency, can obtain additional time to file the tax returns and can apply our resources to expeditiously prepare several tax years to meet the tax collectors deadline. Many tax return preparation firms state that if you do not have receipts, invoices, bank statements, canceled checks, etc., you cannot claim deductions. We are very experienced at and regularly prepares tax returns without many or all of the above items. Next steps: We need to determine which tax returns actually need to be filed. That's right, you may NOT have to file all of your unfiled tax returns, but how do you know which ones? We need to prepare the required tax returns as soon as possible, but how much time do we really have? Almost any licensed preparer, CPA, Enrolled Agent, etc., can prepare your tax returns, but what if you have no records? https://www.taxrepair.com/home daily 1.0 2024-02-17 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585520174830-S15FJA0T7ZTJGBH0VZM1/image-asset.jpeg Home https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585519574454-RSG1PSB8HF33BW8HTQ6I/image-asset.jpeg Home https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585519540467-Z2QACLT66L0JDE0FV4V7/image-asset.jpeg Home https://www.taxrepair.com/offer-in-compromise daily 0.75 2020-07-02 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585523111375-FGKYY4IFZ44WIPV1UBSZ/image-asset.jpeg Offer in Compromise - Offer In Compromise The OIC is designed for taxpayers who cannot fully pay their tax liabilities within the 10 years. This option allows the taxpayer to settle for a reduced amount via a Cash Settlement or making payments over two years. This is more appealing to the IRS than an extended installment agreement that is not going to generate a payment in full. In completing the OIC financial statement, this will enable us and IRS if the OIC is a viable option and which type of OIC should be submitted, a cash or a payment plan. The IRS will be looking at equity in assets and the monthly disposable income to help determine if a taxpayer qualifies for an OIC. The OIC process requires expeditious and comprehensive responses to any and all IRS requests. IF not, the OIC will rejected and you any lose your 20% payment submitted with the initial application. https://www.taxrepair.com/installment-agreement daily 0.75 2020-03-29 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585523873172-52QV27RBZN9LN39DBVLX/image-asset.jpeg Installment Agreement - Installment Agreement The overwhelming majority of delinquent tax cases are resolved with a monthly installment agreement. If you owe under $20,000 you can probably negotiate a short term payment plan on your own. However, if the amount is larger and the payment plan is longer, the tax collector is going to require financial information. It is this financial information that trips up most all of our clients. The financial statement forms may look simple, but every client we have complete the form makes several serious mistakes.We know how the IRS determines monthly income and how it must be verified. We know what expenses they allow and which they do not allow. We know which expenses require substantiation and which do not. Once we have prepared the financial information correctly it will show us how we can resolve your tax debt. We may be able to put off all payments for months or even a year or longer if you are in a hardship situation. We can stop all collection efforts while an payment agreement is worked out. We can negotiate a long term payment plan that will fit your budget and can last as long as 10 years. We can also determine if there is a way to reduce the total amount owed. If you owe the IRS more than $20,000 wouldn't it be smarter to have a professional with 30+ years of experience handle the matter for you? Someone who knows how the IRS works? We will use our former IRS experience and our current up to date knowledge of IRS practices and procedures to resolve your worst tax problems. https://www.taxrepair.com/end-wage-garnishments daily 0.75 2020-03-30 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585526547104-SDH8BQ8RYNX5PVIB41ZK/image-asset.jpeg End Wage Garnishments - Wage Garnishments You may have received a warning letter prior to the levy being served that tells you the tax agency can serve a levy on banks, employers, retirement plans, etc. If you do not respond with a phone call to resolve the matter, your employer will be required to deduct an amount from future paychecks that will be applied to your old tax debt. The IRS takes about 80% of your take home pay, the state can take up to 25%. You’ll need to present one of the following to the IRS as a proposed resolution: IRS approves a monthly installment agreement. IRS approves a hardship withdrawal/suspension. IRS receives an offer in compromise (OIC). https://www.taxrepair.com/testimonials daily 0.75 2020-05-11 https://www.taxrepair.com/services daily 0.75 2020-06-13 https://www.taxrepair.com/free-consultation daily 0.75 2024-02-17 https://www.taxrepair.com/innocent-spouse-relief daily 0.75 2020-07-02 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585526547104-SDH8BQ8RYNX5PVIB41ZK/image-asset.jpeg Innocent Spouse Relief - Innocent Spouse Relief ARE YOU AN INNOCENT SPOUSE? Maybe, maybe not. As they say, it's complicated. If you owe taxes as reported on your Joint tax return(s) with your spouse, even if your spouse made all the income, you still owe the taxes. This assumes your spouse supported you and the family. https://www.taxrepair.com/penalty-interest-abatement daily 0.75 2020-05-11 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585526547104-SDH8BQ8RYNX5PVIB41ZK/image-asset.jpeg Penalty/Interest Abatement - Penalty/Interest Abatement Penalty and Interest abatement is a common request and advertised by all tax negotiation firms. When you have been charged penalties for failure to file on time or to make timely payments, you may have recourse. Here are some short answers to the questions we get. Interest is generally not abatable unless the underlying tax is abated or reduced. However, interest abatement is possible when the IRS fails to take a ministerial act in a timely manner. Unfortunately, after 16 years with the IRS Collection Division and 25 years in representing taxpayers before the IRS I find it next to impossible to get the IRS to admit to not taking timely action. After all, the law gives the IRS 10 years to collect taxes. California has 20 years. Penalties are abated if the underlying tax is abated. Penalties can be abated if the taxpayer can prove there is "reasonable cause" to abate each specific penalty. Reasonable cause is such things as fire, flood, theft, earthquake, prolonged illness, or incorrect advice of a tax professional such as an attorney, CPA or Enrolled Agent or any other person licensed to practice before the IRS. (Following the advice of your plumber will not work.) The illness of one spouse may not be reasonable cause if the other spouse is capable of handling the tax matter. And, I cannot stress enough that the reasonable cause must be provable with evidence. It is important to relate the reasonable cause to each specific penalty such as Late Filing Penalty, Late Payment Penalty, Failure to Make Estimated Tax Payment Penalty, Failure to Make Federal Tax Deposit Penalty or other penalties. I have found that reasonable cause can apply to one or two years of mistakes, but it is very hard to prove the reasonable cause covered three or more years of tax delinquency. https://www.taxrepair.com/california-tax-help daily 0.75 2020-04-26 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585523111375-FGKYY4IFZ44WIPV1UBSZ/image-asset.jpeg California Tax Help - California Tax Help Yes, we can handle California and other state tax collection matters. Tax collection is one of the oldest professions in the world. Different states may use different forms, letters, notices, titles, etc., but their practices, techniques and procedures are similar to the IRS. The IRS and states all use monthly installment agreements, Offers in Compromise, liens, levies, summons, etc. Tax collectors use administrative or statutory law to collect taxes. Therefore, they rarely, if ever, have to go to court to implement enforcement tools. Bottom line: tax collectors, federal and state, use many of the same concepts. For example: https://www.taxrepair.com/payroll-tax daily 0.75 2020-04-26 https://images.squarespace-cdn.com/content/v1/5e7f6b7d6de65325627925af/1585529229594-R40XU6TBWP63OX99JA2M/image-asset.jpeg Payroll Tax Problems - PAYROLL TAXES ARE THE HIGHEST PRIORITY FOR THE IRS. The IRS is aggressive in collecting unpaid taxes and their absolute highest priority is the collection of payroll taxes that are withheld by an employer and not paid to the IRS in a timely manner. The IRS moves more quickly and more harshly against employers who do not pay their payroll taxes and use the tax money to run their business. However, not only can we get an employer a monthly installment agreement, we can probably get the installment agreement for a lesser monthly payment and much longer than the IRS will tell you. The IRS is very serious about collecting income taxes that have not been paid, whether personal or corporate. However, they have special zeal and different tools available when it comes to collecting taxes that have been withheld from employee paychecks in trust to be paid into the employee's Social Security Trust Fund, Medicare Trust Fund and income tax withholding account. The IRS places a higher priority on collecting these withheld taxes because they consider the company failing to pay a deliberate action and a form of embezzlement. Penalties are large and can add thousands of dollars to the amount due. In egregious cases the IRS can close down the business and even consider criminal action. One of the harshest tools is the IRS ability to collect these unpaid taxes personally from officers or even employees of the corporation. Any individual who knew about the unpaid taxes and/or had the authority to pay the payroll taxes is potentially liable. This could be anyone who had the authority or duty to collect, account for or pay the monthly payroll taxes. If the IRS cannot collect amounts owed by corporation they will assess any or all of these individuals personally with the Trust Fund Recovery Penalty which is approximately 75% of the total payroll tax liability. The IRS offers far less leeway regarding payment plans or Offers in Compromise with regard to payroll taxes. They will quickly file a lien on all property, equipment, inventory and any other corporate asset they can find. They will levy business bank accounts over and over until they collect all the payroll taxes, throwing your account into disarray as you bounce checks to suppliers and even employees. They will levy your customers and have those customers send outstanding balances directly to the IRS rather than to you. If you owe the IRS more than $20,000 in payroll taxes, are receiving past due notices and cannot pay the IRS immediately, you should call the tax professionals at Demetriou, Montano, & Associates. (In addition, we can also help you with unpaid state payroll taxes.) For over 25 years we have been helping companies just like yours to resolve payroll tax problems with the IRS and state tax agencies. https://www.taxrepair.com/answers daily 0.75 2020-05-11 https://www.taxrepair.com/glossary-of-tax-terms daily 0.75 2020-07-05 https://www.taxrepair.com/privacy-policy daily 0.75 2020-07-10 https://www.taxrepair.com/free-consultation-thank-you daily 0.75 2020-07-10