DETAILS ON THE RELIEFS SHOWN UNDER THE SERVICES TAB
Asset Seizures (Protection)
The IRS or other Taxing Authority may seize (levy) your assets to satisfy tax debt. Assets subject to levy include your house, car, boat, wages, bank accounts, social security benefits, other retirement income or other property. 1AmTax can help you get your property back or get a refund due you from the sale of your property . We can also help you by protecting or protesting the levy of your exempt assets such as certain personal effects or work items. We can also work with our affiliated attorneys to develop an asset protection strategy for you. You must act fast by call us at 1 (833) TAX-KEEP.
Currently Not Collectible (CNC) and Hardship Statuses and Collection Statute Expiration Date (CSED)
For certain taxpayers under certain circumstances, a determination can be made by the taxing authority that the taxpayer can ill afford to pay the debt as of a certain point in time. As a result the taxpayer may be placed in a CNC status. At other times, the law may prevent the IRS or other taxing authority from collecting the tax because the legal collection period expired. In this case, the tax collection is prevented by CSED or Collection Statute Expiration Date but ask us about ASED. The law also prevents collection of your taxes if collection would create undue hardship on the taxpayer. All of this requires analysis of the taxpayer finances and an understanding of complicated rules and regulations. 1 American Tax, 1 (833) TAX-KEEP, can get you qualified and placed in the right status.
Audit or Examination
The IRS and many other Taxing Authorities have the right to review and examine the financial accounts and records of individuals, businesses and nonprofit entities. Such an action is referred to as an Audit or Examination. You have certain rights during this process, such as the right to professional and courteous treatment, the right to know why the information is being asked for and how it will be used, and the right to representation One American Tax can help you get through this legally authorized process and provide you with professional Audit Defense. Call us immediately at 1 (833) TAX-KEEP.
Innocent Spouse Relief
If your filing status was MFJ (Married Filing Jointly) and there is a tax liability, you may be relieved from paying the taxes under certain conditions. These conditions include but are not limited to: an understatement of taxes due to your spouse or former spouse or you lacked actual knowledge or had no reason to know there was an understatement of tax etc. You may then be classified as an Innocent Spouse and relieved of the responsibility to pay the tax. 1AmTax can make the case for you. Give us a call at 1 (833) 827-5337
Installment Agreement and Partial Pay Installment Agreement
You may enter into an agreement with the Taxing Authority, such as the IRS, and pay over an extended period of time under certain conditions. There are issues that may prevent your request for an Installment Agreement from being granted. If the IRS is almost out of time to collect your taxes, the agency may take a partial payment via installment under what is called a Partial Pay Installment Agreement (PPIA). One American Tax can help do the financial analysis required to get you qualify for this type of arrangement. Call 1(833) 829-5337 for help.
IRS Fresh Start Initiative and IRS Expanded Fresh Start Initiative
Beginning in 2011 and 2012, the IRS made some changes to its collection policy to help delinquent taxpayers meet their tax obligations – especially first time delinquents. For instance, IRS increased the threshold amount for which they filed liens, IRS made it easier for taxpayers to have Liens (claims against their property) withdrawn: IRS expanded the Streamlined Installment Agreement (SLIA) making easier for taxpayers to get favorable payment plans for higher amounts up to $50,000 from $25,000 while avoiding tax liens. More changes were made in 2012 making the OIC (see below) available to more taxpayers. 1AmTax stands ready to get you a Fresh Start. Call 1 (833) TAX-KEEP.
Liens & Levies Release & Wage Garnishment
To protect the government’s interest, he IRS can register a claim against your home and other real estate, personal property like your vehicles, and financial assets (brokerage accounts) if you have delinquent tax debts. This claim is referred to as a Lien. This tax lien alerts creditors that the government has a right to the property. The IRS does this by filing a Notice of Federal Tax Lien which can be appealed. A federal tax lien is generally followed by a Levy (seizure) of the property to satisfy the debt. You can have these liens and levies released under certain circumstances. Come talk to us at 1 American Tax, 1 (833) 829-5337.
Offer in Compromise (OIC)
You have probably heard about the “pennies on the dollar” program which is what the OIC is sometimes called. The OIC is actually an agreement between the IRS and the taxpayer that settles the taxpayer’s liability for less than the full amount due the government. We, at One American Tax, can help you demonstrate that your OIC should be accepted and approved based on the financial presentation we will make on your behalf. With your prompt and full cooperation, you may just get approval to settle your tax debt for pennies on the dollar. Try us at 1 (833) TAX-KEEP.
Payroll Tax Negotiation
Are you an employer who lack the wherewithal to pay your payroll taxes? We may be able to help you settle your payroll tax debt with the IRS for less than the full amount. The IRs may hit you with a Trust fund recovery penalty (TFRP) which is a hefty fine charged for an employer knowingly or willfully keeping and failing to remit employee social security, medicare and income taxes owed to the IRS. Employers are required to withhold taxes owed by employees to the IRS from their paychecks and submit them into a trust. Depending upon your circumstances, an abatement may be available to you. This is a very serious offense which we can help you rectify. Call 1AmTax at 1 (833) TAX-KEEP.
Penalty Abatement
To abate is to eliminate (to get rid of ) or to nullify (to legally cancel out or invalidate). Under certain circumstances, penalties imposed by the taxing authority including the IRS, which may constitute a significant portion of your tax debt, may be abated. We thoroughly understand these circumstances and stand ready to fight for you. Call us, One American Tax, for a review of your tax debt at 1 (833) 829-5337.
State Taxes
State Taxes, sometimes called SALT (State and Local Taxes) are similar to Federal Taxes in many cases as they piggy back off of the Federal system. 1AmTax provide tax services throughout the United States and our experts are very familiar with the plethora of State and Local rules involving income, property, sales, gross receipts, estate, inheritance and other taxes. We can get you relief from SALT troubles. Call 1 American Tax at 1 (833) TAX-KEEP.
Tax Preparation
Individual, Businesses, Nonprofits and other entities are required to comply with the tax laws and quite often must file various forms periodically as part of Tax Compliance. Some of the forms include the Report of Foreign Bank and Financial Accounts (FBAR). Sometimes the trouble with your taxes has to do with noncompliance or improper compliance. We, are 1AmTax can prepare or amend your returns and resolve issues dealing with tax compliance. Come Experience the Difference! Call 1 (833) TAX-KEEP.