Matthew J. Previte CPA PC -- Home Page
About UsIrs Problems & SolutionsSuccess Stories
TestimonialsServicesContact UsLinksForms

IRS PROBLEMS & SOLUTIONS


  • Unfiled Tax Returns
  • People fail to file their tax returns for all sorts of reasons. Regardless, failing to file your tax returns is a criminal offense. Citizens who do not file can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns! Sometimes the IRS will file returns for you after they have repeatedly requested you file your returns. When the IRS files your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to. You have the right to file an original return no matter how late it is! If you haven't filed in a few years or many years, we can help, no matter how late your returns are. Let us give you the peace of mind you deserve by helping you get in compliance with the law. Let us prepare your tax returns for you. For more info, please Contact Us.
    Back to the top

  • Unpaid Taxes
  • People get behind on their taxes for all types of reasons-divorce, illness, death of a loved one, bankruptcy, business failure, alcohol, drugs, etc. It really doesn't matter how your tax debts came to be. The question is how do you fix them. Well, there are several options when it comes to resolving Unpaid Taxes.
    Back to the top
      Offer In Compromise
      Did you know that the IRS settles thousands of taxpayer's delinquent tax debts for just pennies on the dollar every year! Why don't you know this? Well, its very simple. The IRS does not publicize the fact that the law allows many taxpayers to settle their old tax debts for a fraction of what they owe. What's in it for them! They would rather just seize and levy everything you own. Who qualifies for the Offer In Compromise Program? Taxpayers who can demonstrate an inability to pay their delinquent taxes in a short period of time. Let us help you determine if an Offer In Compromise is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Payment Plan
      For those who don't qualify for an Offer In Compromise, a Payment Plan may be the way to resolve your problem. Many people are able to pay their tax debts but just need a little time to pay it off. Negotiating payment terms you can live with is the key. Unfortunately, penalties and interest will continue to be charged on your outstanding balance as you pay the debt off. However, you may qualify to have the penalties removed or Abated. Interest on the principal tax debt, by law, very rarely if ever can be Abated. Let us help you determine if a Payment Plan is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Penalty Abatement
      The IRS charges penalties for just about everything these days-filing late, paying late, underpaying your estimated tax payments if you're self-employed, negligence if you make mistakes in preparing your tax return, etc. etc. etc. Its ridiculous how many different types of penalties exist. The original intent of penalties was to punish taxpayers who didn't comply with the law and to keep compliant citizens from falling out of line. However, the main reason penalties exist today is that they've become a huge revenue generator for the government. Many citizens could pay off their tax debts if it weren't for penalties that double, triple, or quadruple their tax bill in so short a time. Well, there is relief for many taxpayers from IRS penalties. The law allows taxpayers who have "reasonable cause" to file for a Penalty Abatement. Let us help you determine if a Penalty Abatement is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Bankruptcy
      Did you know that taxes in many cases can be discharged or wiped out in a bankruptcy. Many people, as well as attorneys, are not aware of this! For those who qualify, bankruptcy often times can be the solution to resolve their crushing tax problems. However, not everyone qualifies to wipe out their tax debt in bankruptcy. Certain rules have to be met first. If you file bankruptcy and do not meet the rules, you will be shockingly surprised after your bankruptcy is over when you discover that you still have a tax problem and the IRS is in hot pursuit. Proper pre-bankruptcy planning is key to determining if bankruptcy is or can be a viable solution. Let us help you determine if a Bankruptcy is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Running the Statute of Limitations
      Did you know that the IRS is limited in the time it has to pursue collection of delinquent taxes against you? Normally, the IRS has 10 years from the date the taxes are assessed (generally near the filing date) to collect any outstanding taxes, penalties, and interest. Once the 10 years passes, you no longer legally owe the debt. As with all tax law, there are exceptions to this rule. The 10 year period can be extended in several ways. Often the IRS will try to collect delinquent taxes, either through ignorance or deliberately, after the statute of limitations has expired. You must inform the IRS that they no longer have the legal authority to collect the delinquent taxes. Running the Statute of Limitations is often an inexpensive way to resolve your delinquent tax debt. Let us help you determine if Running the Statute of Limitations is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Lien Subordination
      Often taxpayers can't get home equity loans to pay off their old tax debt because the IRS has filed Federal Tax Liens against their property. These Liens not only become public record but also show up on your credit report, thereby preventing you from getting a loan to pay off the very taxes that created the Liens in the first place. It seems like a Catch-22 situation. If you have significant equity in your home to pay towards your tax debt, there is a way out. A Lien Subordination allows the IRS to reduce its Lien priority and give your bank superior Lien priority protecting their loan in exchange for the proceeds from the loan. This way, the IRS gets the equity it had a Lien against and your bank is protected by their superior Lien. If you have enough equity to full pay your old tax debt, many banks won't even require a Lien Subordination to protect their loan. They will simply pay the loan proceeds directly to the IRS. Once paid, the IRS will Release the Federal Tax Lien. Let us help you determine if a Lien Subordination is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top
      Innocent Spouse Relief
      When married couples sign a joint tax return, they both become liable for the taxes on that return. If at some future time the IRS audits that joint tax return and determines that additional taxes are due, both spouses become liable for the taxes. Unfortunately, these additional taxes are sometimes due to the misdeeds or fraud committed by one spouse. Sadly, the Innocent Spouse also gets saddled with the tax debt. Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse. If you qualify for Innocent Spouse Relief, you may not owe any tax. Let us help you determine if Innocent Spouse Relief is the best option to resolve your tax problem. For more info, please Contact Us.
      Back to the top

  • Liens
  • Federal Tax Liens can really make life miserable! The IRS files Liens in the public record to protect the government's interest and to ensure you pay your outstanding taxes. Yet the very same Liens filed against you by the IRS also show up on your credit report and often prevent you from borrowing against any assets, like your home, to pay them off! Its a Catch-22. Let us help you resolve your tax problem so you can remove any Liens filed against you, clean up your credit report, and get on with your life. For more info, please Contact Us.
    Back to the top

  • Levies
  • IRS Levies can really ruin your life and do a lot of damage. The IRS uses Levies to collect outstanding taxes you owe. They can levy everything from bank accounts to your paycheck, even Social Security checks! Nothing is sacred. If you own it, they can take it. They know that Levies cause damage to your relationships with your bank and your employer. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don't care! Their sole objective is to collect the taxes owed. Period. If you or your family get hurt along the way, so be it. Nevertheless, there are ways to get IRS Levies released. Let us help you get any Levies released so you and your family can go on living while your tax problems are being resolved. For more info, please Contact Us.
    Back to the top

  • Seizures
  • Unlike the Levy which involves intangible assets such as your bank account, a Seizure is the taking of physical assets, such as your home or car. Seizures usually happen in aggravated cases when someone ignores many requests by the IRS over a long period of time to pay their outstanding taxes. A Seizure should not be taken lightly. The IRS will ultimately pursue Seizure of your physical assets. Don't think they won't. Many a newspaper or television show has reported citizens being forced out of their homes after it was sold at an IRS auction, often for as little as half its value. Are there ways to deal with Seizures? Yes! Let us help you avoid a Seizure so you and your family can go on living while your tax problems are being resolved. For more info, please Contact Us.
    Back to the top

  • Due Process Hearings
  • Many citizens are not aware that new Due Process rights exist under current law. These rights allow taxpayers to contest Federal Tax Liens that have been filed against them and to protest the decision by the IRS to Levy or Seize their assets. Hearings must be requested within the prescribed time allowed after a Federal Tax Lien is filed or Notice of Intent to Levy/Seize has been issued by IRS. Hearings are administered by the IRS Appeals Office. If your request is timely, all collection action will be suspended until a determination is made by Appeals. If you disagree with Appeals' determination, you have the right to judicial review in U.S. Tax Court or U.S. District Court. Collection action is also suspended while your case is under judicial review. Once the court rules, the decision is binding on both you and the IRS. If your request is not timely filed, a hearing will still be allowed but you can not go to court if you disagree with Appeals' determination and collection action will not be suspended. Be aware that the Statute of Limitations on Collection is suspended upon requesting a Due Process Hearing. Let us help you request a Due Process Hearing and represent you before the IRS Appeals Office. For more info, please Contact Us.
    Back to the top

  • Collection Appeals
  • Taxpayers may contest more types of IRS collection action by filing a Collection Appeal. Unlike Due Process Hearings, Collection Appeals can also be filed for Denial or Termination of an Installment Agreement, before a Federal Tax Lien is filed, and after a Levy or Seizure of property. They may also be filed for denied requests to withdraw a Notice of Federal Tax Lien as well as denial of Lien Discharges, Subordinations, and non-attachments. Collection Appeals must be requested within certain prescribed time limits. Collection action will normally be suspended until the IRS Appeals Office make a determination. Once they make a determination, it is final and binding on both the IRS and the taxpayer. There is no judicial review of Appeals' decision in a court of law. Let us help you request a Collection Appeal and represent you before the IRS Appeals Office. For more info, please Contact Us.
    Back to the top

  • Audits
  • Nothing can strike fear in the hearts of average citizens more than receiving an IRS Audit letter in the mail. Audits take significant time away from you and your family, requiring you gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law. The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don't comply with the Auditors' wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift. Its never a good idea to represent yourself in an Audit. IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage. Don't represent yourself in an Audit. It will do far more harm than good. Do yourself a favor. Hire a competent tax professional to represent you. You'll be glad you did. Your representative will handle all correspondence and meetings with the IRS, freeing you to spend more time with your family and less time worrying. Having a representative puts the IRS on notice that you will not allow them to abuse you and stomp on your legal rights. Pre-Audit planning and preparation are critical to winning your Audit. Our firm actually performs an Audit of your returns before the actual IRS Audit. This allows us to uncover any areas where documentation is inadequate or where possible misapplication of the law has occurred. Our goal is to minimize any changes to your return and to stop the IRS Auditor from opening up additional tax years for examination. IRS Auditors meet in our office or theirs, NOT in your office or home. This allows you to go on with your life without interruptions or worry. Let us represent you in your Audit so you and your family can go on living while our firm does battle for you. For more info, please Contact Us.
    Back to the top

  • Audit Appeals
  • Many citizens are not aware that an IRS Agent's decision is not final and can be appealed. IRS Agents have no power to assess additional taxes against you unless you agree with their decision by signing IRS documents stating so or you do not file an Appeal within the allotted time. IRS Agents often use a taxpayer's ignorance of their rights against them by intimidating and threatening them if they don't agree with their decision. Just knowing that you have the right to Appeal the IRS Agent's decision gives great power to the average citizen who believes the IRS Agent's conclusions are wrong or they are being treated unfairly by the IRS Agent. Let us help you determine if filing an Appeal is the best option to resolve your tax problem. For more info, please Contact Us.
    Back to the top

  • Audit Reconsideration
  • Once an Audit has been closed by the IRS, its usually closed for good. Even so, a taxpayer who feels they have been treated unjustly and didn't get a fair chance to defend their case can request their Audit be reopened using the relatively unknown Audit Reconsideration program. Even if the taxpayer has missed critical deadlines to file an Appeal or petition the U.S. Tax Court, they can still request an Audit Reconsideration to reopen their case. Once the IRS reopens their Audit, the taxpayer is given a second chance to defend their case and overturn the IRS Agent's original decision. Let us help you determine if an Audit Reconsideration is the best option to resolve your tax problem. For more info, please Contact Us.
    Back to the top

  • Payroll Tax Problems
  • Payroll taxes are considered by the IRS to be the "third rail" of tax delinquency. Because a large portion of the payroll taxes are your employees' withholdings (ie. other people's taxes), the IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency. Not paying your company's payroll taxes is tantamount to stealing your employees' money in the eyes of the IRS. As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time. If you are behind on paying payroll taxes for your company, WATCH OUT!!! The IRS is far more aggressive pursuing collection of this type of tax than any other. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities. If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates. Let us help you determine your options to resolve your payroll tax problems. For more info, please Contact Us.
    Back to the top

  • Freedom of Information Act
  • Did you know that Congress passed a law allowing citizens to obtain a copy of their IRS files? Most people would be surprised to learn how much, or sometimes how little, the IRS knows about them. Obtaining a copy of your IRS files is critical in analyzing the options available to resolve your tax problems. Requesting copies of your IRS files is best done by a professional who understands how to obtain them without raising any red flags as well as how to interpret the information in your files. Let us help you obtain a copy of your IRS files and analyze the options available to resolve your IRS problem. For more info, please Contact Us.
    Back to the top


    Homepage || About Us || IRS Problems & Solutions || Success Stories
    Testimonials || Services || Contact Us || Links || Clients Only