Tax Problems Resolution
Non-Filed Tax Returns
Failure to file your tax returns is a criminal offense. If you do not file tax returns, you can be punished with a year's jail time for every year of tax not filed. Next Level Tax gives you the peace of mind you deserve by helping you comply with the law. In case you file your owed returns, you can be let off with just interest payments and penalties.If you wait for the IRS to file your returns for you, they are filed in the government's best interest, usually with little or none of the deductions you are entitled to.Hence you need to file your taxes on time and be up to date. Once we see how much you owe, we will advise you on your best possible action course.
IRS Audit Representation
Audits need you to inspect and compile a lot of data; it is time-consuming and is a cause of stress, requiring a comprehensive understanding of tax laws. Hence avoiding a representative's fee is not the best path to take. When it comes to tackling an IRS Auditor, it is best if we represent you. We handle it in it's entirety, from bureaucracy to paperwork. You need just forward the audit notice from the IRS.
Back Taxes Owed
This situation occurs when you file your taxes regularly but do not pay in full—thinking that you will catch up next year your pending taxes accumulate and accrue interest. When it comes to paying up the back taxes owed, we at Next Level Tax help you formulate a payment plan suited to resolve unpaid taxes.
Payroll Tax Problems
Failure to pay payroll taxes a very serious offence to the IRS. Not paying your company's payroll taxes is equal to stealing your employees' money in the eyes of the IRS. Penalties are significant and multiply over time; it can even result in the IRS seizing your business assets. In such cases, you must come to us to devise the best possible curse of action based on your situation.
When your taxes are unpaid, the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from your assets' sale, which includes just about everything you own. Liens filed show up on your credit report and prevent you from opening a checking account or borrowing against any assets. Next Level Tax understands your situation and comes up with the best possible course of action.
An IRS levy is the IRS's way of getting your immediate attention. Levies seize your wages and whatever other assets you have, including checking accounts, auto's, stocks, bonds, boats, paychecks, and even Social Security checks. Levying your bank account causes checks to bounce, alerting many people that you have tax problems, causing a social embarrassment. The IRS continues to take your every earning till the debt is paid in full. They can even seize and auction your assets. We can often get those levies released and help you out with what you can afford.
IRS Wage Garnishment
On receiving an IRS notice of "intent to levy," if you choose to ignore it or forget about it, after 30 days, the IRS can take all the checks due to you. This goes on until all the taxes owed are paid, leaving you without enough to pay on rent, groceries, or any other bills. In such circumstances, even if you go to your employer, they would not be able to give you money as a wage garnishment has been filed with your employer. We at Next Level Tax negotiate and release the IRS wage garnishment by devising a favorable payment plan.
An IRS Seizure means the IRS will pursue to seize your physical assets. The IRS seizes your assets, and they sell them quickly. When the IRS seizes your assets, sell them at auction quickly, often at half the price, so they take everything you own. Hence if you have received an IRS Seizure, contact us immediately.
Offer in Compromise
Offer In Compromise allows you to settle your debt with the IRS for a fraction of the debt. Offer In Compromise is the case for a tax debt that has been incorrectly assessed pr for liabilities they can't afford to pay for. 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). It is possible to eliminate taxes owed along with penalties and interest. Hence come over to Next Level Tax to avail the best possible terms.
Innocent Spouse Relief
Innocent Spouse Relief allows for you to get out of tax debt due to the fraud committed by your spouse. This alleviates unjust situations where one spouse is the victim of the other's actions.
Get your IRS File
You can ask for a copy of your IRS file. Obtaining a copy is critical in analyzing the options available to resolve tax problems. Next Level Tax knows how to request for a copy without raising any red flags, we can interpret the information to understand and devise a further plan of action.