IRS Tax Problems
When your unpaid taxes reach a certain threshold, the IRS will become very forceful in their collection tactics and can make your life miserable until you find a way to pay. They can hit you with exorbitant penalties, garnish your wages, or even use a levy to seize your property in an effort to pay the debt. If you're experiencing one of these tax problems or any of the others listed below, contact PADRO & Company, PA now at 305-444-8800 or request a consultation for straightforward tax advice and a timely solution.
Back Taxes and Failure to File
Not filing your taxes can happen for many reasons. Maybe your records were incomplete or you did not have the money to pay at the time. We can help you resolve any past issues, file your back taxes and work with the IRS to resolve the matter on your behalf. When you work with a trusted CPA, you can rest assured that we will do all we can to minimize your back tax debt and any penalties associated with your failure to file. Getting up to date on back taxes is the very first step you must take. The IRS will not allow you to use other tax debt relief options like an Offer in Compromise or Installment Agreement until your back taxes are filed.
IRS Tax Audits
If you have received a notice that you are being audited by the IRS, contact us immediately. We can help you though this difficult time and help ease your worries. By working with an experienced tax professional you can be sure that we will work out a fair solution that keeps your tax liabilities to a minimum.
Tax Levies
The IRS has the legal ability to levy your wages, property, bank accounts, and even your retirement accounts. We can work with them to find a better way to pay off your tax debt. You should never ignore a letter from the IRS, instead contact us immediate and we will begin to negotiate with the IRS on your behalf. When you contact the IRS through a CPA, it suggests that you are trying to resolve the matter quickly and are acting in good faith to resolve the problem.
Tax Liens
If the IRS notifies you of taxes owed and you fail to pay place a claim on your property or even seize your property in order to collect taxes that you owe. A lien attaches to all your property such as your house, car and wages and your bank accounts. Tax liens can hurt your credit score and keep you from getting a mortgage or car loan. We know how to get a lien released so it will be removed from your credit report.
Wage Garnishment
Wage garnishment is when the IRS notifies your employer that you have unpaid tax debt. Your employer is then obligated to send part of your wages to the IRS to satisfy your tax debt. Can you afford to live on only part of your paycheck? Contact us immediately and we will help you work with the IRS to potentially work out an arrangement to settle your debt and have the wage garnishment removed.