Strategic Tax and Accounting Solutions

It means fixing the tax problem and the bookkeeping problem that caused it at the same time. A tax firm alone might negotiate a payment plan; an accountant alone might clean up the books. We do both: file what's missing, settle or structure what's owed through the right IRS program, and set up records so the next return is accurate and on time. For businesses, that can extend to payroll processes, GovCon accounting and fractional CFO oversight.

In most cases, yes. Once you sign Form 2848, the IRS is supposed to send copies of notices to us and deal with us on your account. Revenue Officers and examiners will generally contact your representative rather than you. You'll still see letters in your mailbox, but you can forward them to us instead of calling the IRS yourself.

Start now. Most IRS relief options require you to be current on filing, and the IRS can prepare substitute returns that ignore deductions, credits and the most favorable filing status. We prepare the late returns from your records, file them, and use the real balance to plan what comes next. When many years are missing, the IRS generally asks for the last six, and we confirm what your particular case requires before preparing anything.

A CP504 is a notice of intent to levy. It tells you the IRS may start seizing certain property, such as a state tax refund, if the balance isn't dealt with. It's not the final notice before a bank or wage levy, but it's close, and it means the matter has moved past friendly reminders. This is a good time to call, because there are still several options available before enforcement starts.

Generally ten years from the date the tax was assessed. That's the Collection Statute Expiration Date, and certain events such as an Offer in Compromise, a bankruptcy or some appeals can pause the clock. Knowing your dates matters, because for older balances the best plan may look quite different from a newer one. We pull your transcripts and calculate the dates before recommending a strategy.

It lets some taxpayers settle for less than the full balance, based on the IRS's calculation of what it could collect from your assets and future income. You need to be current on all filings and estimated payments, and the IRS takes months to review. It isn't the right fit for most people, so we check the math first and recommend it only when it holds up.

A wage levy sends part of each paycheck to the IRS until the levy is released. A bank levy freezes what's in the account on the day it hits, and the bank must send it after 21 days. Both come after a final notice with a 30 day window to respond. We step in with the IRS, document your finances, and push for a release tied to a payment plan or hardship status.

Yes. Missed Form 941 deposits grow quickly with penalties and interest, and the Trust Fund Recovery Penalty lets the IRS assess the withheld portion personally against owners or officers responsible for paying it. We review the quarters, the payroll records and who is likely to be considered responsible, deal with the IRS, and fix the payroll and accounting process so deposits go out on time going forward.