Initial get acquainted meetings are always free and without obligation. However, if not done correctly, filing or amending returns can create more problems and an even bigger tax bill. Our team has been in the tax business since 1991 and our in-house staff includes tax professionals averaging 20 years of experience as IRS Enrolled Agents, CPAs and as an attorney.
- Our company recently moved to a new location in Redlands, California and hope you can visit our new office soon.
- For every month or partial month past the filing deadline, the IRS adds a late penalty equal to 5% of the back taxes due, up to 25% of the total tax bill.
- For anyone with IRS tax issues, filing back tax returns is one of the most effective tools for reaching a resolution.
- Precision Tax Relief is dedicated to not only bringing your books up-to-date, but also walking you through the best steps to maintain accurate accounting records.
- While stopping a levy is a temporary reprieve, it gives us time to resolve the back tax problem, either by negotiating payments or challenging the claims of the IRS.
- Filing past years’ tax returns can often reduce the balance that the IRS claims you owe.
If you have unfiled taxes from previous years, chances are you want the fastest way to file back taxes. For every month past the date your tax return was due, the IRS can charge penalty fees. We maintain a dedicated tax preparation department and employ skilled and experienced CPAs and https://accounting-services.net/bookkeeping-garland/ EAs that understand tax law, as well as financial accounting. A reputable tax relief company will have done a good job of assessing your situation before you ever spend a penny. If they do, then the tax relief company should have no problem backing their services with a guarantee.
If you’re owed a refund on unfiled taxes, you must file within three years of the deadline to receive your money. For anyone with IRS tax issues, filing back tax returns is one of the most effective tools for reaching a resolution. Unlike your local Tax Service, our licensed Tax Accountants are up to speed on tax law for multiple years and prepare thousands of prior year tax returns each year. Whether or not the IRS has already filed your taxes in substitution, our back tax experts can help. Get an accurate tax return that accounts for every deduction to which you are entitled. Ryan, an accomplished tax attorney, brings extensive expertise in tax representation to the table.
- Get an accurate tax return that accounts for every deduction to which you are entitled.
- By mid-April every year, the IRS requires your return to be filed and any taxes owed paid promptly.
- However, by law you can face up to one year in prison and $25,000 in fines for each year of unfiled taxes.
- We stand behind our service with a money back guarantee and refund policy.
You can get a refund and interest from the IRS if you file within three years of the tax return deadline. Unfortunately, the Internal Revenue Code stipulates that you cannot be paid a refund for tax returns filed more than three years late. If your employer remits your income tax directly to the government, you’ve been paying what’s called a withholding tax or a retention tax. You may not owe the IRS anything, but you should still file your back taxes to make sure.
Precision’s leader and one of our Senior Case Managers, Scott has won over 200 Offers in Compromise. You’ll hear him take on the toughest Revenue Officers without batting an eye. In review after review, Scott’s clients rave about his phenomenal service and their outstanding tax debt relief results.
Year-Round Tax Planning
Arrange a payment plan proactively to reduce interest, penalties and avoid IRS collections. Also known as IRS Currently Not Collectible (or Status 53), hardship status is a temporary solution. It wins you a reprieve from IRS collections and payments, during which to negotiate a better resolution or wait out your tax debt expiration. Unlike a levy, which is a seizure of your assets, a lien is only a claim on your property. It reserves the right of the IRS to proceeds from the sale of that property. While stopping a levy is a temporary reprieve, it gives us time to resolve the back tax problem, either by negotiating payments or challenging the claims of the IRS.
Looking for the Best Tax Relief Firm?
Be sure to ask if all attorneys on staff have passed a state bar and how much tax resolution experience they have. We tell you exactly what’s possible given your tax situation, and then work persistently to get you the very best results. When the IRS levied my wages for a tax debt of roughly $48,000, I contacted a few local tax attorneys.
Discover Our IRS Tax Relief Services
Ariel oversees the resolution of our client’s tax cases from beginning to end. At Precision Tax Relief, our mission is to get the best results for our clients, while making the process as simple as possible. You’ll be assigned to an experienced team, including highly-skilled CPAs and EAs, who can take you through the process of reconciling your books, start to finish. I’d go as far to say he’s one of the best professionals I’ve ever engaged with in any industry, ever. I am blown away by his response time, attention to detail, and overall level of expertise.
Then I called Precision Tax Relief who gave me a far better quote — almost half any other quote. Larry Nagy (the attorney at Precision Tax assigned to my case) had the wage levy removed within an hour or so! When the IRS Offer in Compromise they prepared was accepted, I settled for just under $2,700, from beginning to end in about 9 months!
Each will tell you why they are positioned better to resolve your tax problem. Precision Tax Relief has a 98% satisfaction rating in over 600 reviews—more than any other tax relief agency. There are four primary methods, and you need to understand the difference as many companies’ methods are not transparent and often very misleading. There are many companies to choose from and it’s hard to tell the good firms from the bad. We stand behind our service with a money back guarantee and refund policy.
As we discuss elsewhere (see “What happens when the IRS files my back taxes?”), an IRS substitute filing is rarely to your benefit. Our team of CPAs and EAs work every day to protect clients from collections — in part, through current year tax returns. Whether you’re filing as an individual or a business, we offer the full suite of tax return services. In most cases, you’ll become aware of the substitute filing when you receive a bill from the IRS for back taxes. When this happens you should act immediately to file an accurate tax return for the prior year(s) in question.