In short, there are (currently) no full-proof ways to prevent tax identity theft. However, you can dramatically reduce your risks of falling victim by filing your tax return as early as you can.  Read this article to learn more ways to safeguard your identity.

The IRS can seize your property, take money from your bank accounts, or sell your assets to  satisfy the balance due.  This is a levy of your property.

Whether you are due a refund or writing a big fat check to the IRS, there are some steps you should take after your return has been filed. In this article, we discuss three critical steps to take once the tax filing deadline has come and gone.

 

Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing their taxes. Unfortunately, the longer you procrastinate doing your taxes, the greater the chances that something will go wrong.  And if you owe money to the IRS, the more penalties and interest you will have to pay. Often, it is a better idea to file your taxes sooner rather than later.

Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous, or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy.

In this article, we walk you through IRS installment agreements and what to do if you can’t afford to pay your back taxes.  Though paying your taxes through an installment agreement is just one of many tax relief options, you likely have other options and might be able to settle with the IRS or lower your amount owed.  We encourage you to reach out to our firm for a tax relief consultation to determine your options.

An experienced tax resolution specialist will have thorough knowledge of all the IRS programs, including the offer in compromise option.  Call us today for help.  (405) 721-8558.

Simply knowing that you have unfiled tax returns can be a source of stress. Even if you think you will continue to fly under the IRS radar, you never know when the tax agency could come calling. So do yourself, and your sanity, a favor by filing those back tax returns now; it is not as scary as you think.

The offer in compromise is a widely known, yet little understood, part of the tax code, and it can be extremely complicated to navigate. Not all taxpayers will qualify for the offer in compromise program, and even those who qualify may have trouble navigating the ins and outs of the IRS.

Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020! 

If you need any assistance from me during this time, feel free to get in touch with me by clicking here. 

In difficult times, many families have trouble meeting their commitments. If you’re worried about the IRS garnishing your wages, levying your bank account or taking your home, then reaching out to our firm and getting a free, no-obligation, confidential consultation on your tax problem may give you some peace of mind.

There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes.    Dealing with the IRS takes a very specialized skill set that most tax preparers and even CPA’s don’t possess.  Make sure you have a tax resolution specialist on your side.

Owing money to the IRS can be pretty frightening. There is a reason those three letters strike so much fear into the hearts of ordinary citizens, even those who have done nothing wrong.  If you are in trouble with the IRS, you cannot afford to ignore the issue, so act fast and get the help you need today. Working with a tax resolution expert carries a host of benefits.

Settling with the IRS is a good thing and is often the best answer to dealing with your back tax bill and moving on with your life.

When hiring a tax resolution professional, look for deep knowledge of not just tax law, but the programs available to resolve your tax problem.

Know the pros and cons of working with a tax resolution specialization service.  Make a wise choice and put your tax problems behind you.

A Tax Resolution Professional that deals with IRS problems for a living knows the “ins” and “outs” and how to deal with the IRS so that not only are your rights protected but so are your income and assets. A tax resolution specialist also knows how to get you the lowest possible settlement allowed by law. Generally, our clients never meet or speak with the IRS once we’re on the scene