505 14th Street, Suite 900
Clergy Tax Services includes not only tax planning and preparation; but assisting you with various tax problems that arise from time to time. Some of the issues we are prepared to assist you with include but are not limited to: Audit Representation; Back Taxes Owed; Liens; Wage Garnishment; Offer in Compromise; Bankruptcy; Non-Filed Tax Returns; Payroll Tax Problems; Levies; Seizures; and Payment Plans.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income. We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars. Remember we work for you and not the IRS. Many of our clients save many times the fee in reduced tax liability through careful planning and legitimate tax strategies.
Preparing your own income tax return can be a task that leaves you with more questions than answers. According to a study released by the US Government's General Accounting Office, most taxpayers (77% of 71 million taxpayers) believe they benefited from using a professional tax preparer. Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there is no substitute for the assistance of an experienced tax professional.
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Many taxpayers decide to handle a tax audit themselves, and discover they may have been "penny wise," avoiding a representative's fee, but "pound foolish," because they received a substantial bill for a significant tax deficiency. Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need not take time off your business or job to handle the bureaucracy and paperwork of the IRS. You simply forward notification of an audit to us and we handle it from A to Z. Get a complimentary consultation by calling us at (877) 336-2626.
Back Taxes Owed:
You have filed your tax returns but didn't have the money to pay what was owed. You may think, "Oh well, I will catch up next year." Before you know it you find yourself several years in arrears and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount. It is truly amazing how fast tax penalties and interest add up. Now you have a choice, you can write a big fat check and pay the full amount, including interest and penalties. Or you can just keep ignoring them while the penalties and interest keep pilling up. Luckily, we offer several options when it comes to resolving unpaid taxes. Get a complimentary consultation by calling us at (877) 336-2626.
Federal Tax Liens can really make your life miserable! When you taxes are not paid the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own. The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. At this point everything you own is just one short step away from becoming the property of the United States Government. Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. The banks don't want the extra work when the IRS comes in to take your money. With a Federal Tax Lien on your record you can't get a reasonable loan to purchase a car. Think about paying 18-22% interest on a car that is already too expensive. You definitely cannot buy or sell any real estate. The list is endless. Get a complimentary consultation on how to resolve your tax lien problems by giving us a call at (877) 336-2626.
You received an IRS Notice of Intent to Levy 30 days ago and you forgot it. Now it's Payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What's left is not enough to pay the rent, car payment, buy groceries, or pay the rest of the bills. This action will continue on every check due you, until the tax owed is paid in full. Now you're in big financial trouble. No matter how hard you plead with your employer they cannot give you your money. Once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks. We are regularly retained to negotiate the release of IRS wage garnishments by arranging a payment plan. The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments. Get a complimentary consultation on how to resolve your wage garnishment problems by calling us at (877) 336-2626.
Offer In Compromise:
Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential.." (Internal Revenue Code Section 7122). Often it is possible to fully and completely eliminate the taxes you owe, including all penalties and interest, at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done "right." If done correctly your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer. Get a complimentary consultation on the solutions to your tax problems by calling us at (877) 336-2626.
Your back taxes, interest and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems. Unfortunately, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be meet first. If you file bankruptcy and don't meet the rules, the IRS will still be in hot pursuit after your bankruptcy is over. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution. Let us help you determine if bankruptcy is a viable solution for you by calling us at (877) 336-2626.
Non-Filed Tax Returns:
Every day the massive computer center at the IRS is getting more sophisticated, it's just a matter of time before they catch up with you. This is not a situation to take lightly, failing to file your tax returns is a criminal offense. If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns? Let us give you the peace of mind you deserve by helping you get in compliance with the law. If you voluntarily file your delinquent returns you'll likely avoid further problems other than having to pay the interest and penalties. If you wait for the IRS to file your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to. Before anything can be done to extract you from this predicament all the returns must be filed. You must be current. In most cases, you will likely own taxes, interest, and penalties after the returns are filed. Once we see how much is owed, we'll set a course of action to get you off the hook! Please call is at (877) 336-2626 for a complimentary consultation to discuss filing your delinquent returns.
Payroll Tax Problems:
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees' withholdings. Not paying your company's payroll taxes is tantamount to stealing your employee's money in the eyes of the IRS. As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than others types of penalties. They can drastically multiply the amount you owe in a very short time. If you are behind on paying payroll taxes for your church or company, WATCH OUT!! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize our business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities. If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates. Get a complimentary consultation on how to resolve your payroll tax problems by calling us at (877) 336-2626.
Levies can really do a lot of damage and even ruin your life. A levy is the IRS's way of getting your immediate attention. What they are saying is, we have tried to communicate with you but you have ignored us. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks! Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount did not cover what is owed, they'll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don't care! Their sole objective is to collect the taxes owed. Period. As bad as that is, a worse method is a wage levy (or garnishment). That's when most of your pay check goes to the IRS, they don't leave you enough to pay the bills, and most of your check goes to the IRS each and every week until the debt is paid. If that doesn't accomplish what they want, they'll pull out all the stops. They'll seize your assets, and sell them at auction. That included everything you own; home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and anything else of value. We are often able to get those levies released and help you get out of a terrible situation. Get a complimentary consultation by calling us at (877) 336-2626.
Unlike the levy, which involves intangible assets such as your bank account, a seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes. A seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets. Don't think they won't. Many a newspaper or television show has reported citizens being forced out of their homes after it was sold at an IRS auction, often for as little as half its value. When the IRS seizes your assets they want to quickly sell them at auction. They often get less than half your assets value, so they often seize everything you own including your home, cars, boats, jewelry, motorcycles, insurance policies, and even your retirement funds. If you've received an IRS seizure notice, it's time to act now! Get a complimentary consultation by calling us at (877) 336-2626.
If you don't qualify for the IRS Offer in Compromise program, a payment plan may be the way to resolve your problem. Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts. Unfortunately, penalties and interest will continue to be charged on your outstanding balances as you pay the debt off. You are required by law to pay the interest on your tax debt. The good news is that there's a chance we can get your tax penalties removed. Get a complimentary consultation by calling us at (877) 336-2626.