IRS Tax Problems

The IRS Inspired Me to Become a Tax Lawyer to Help You

A Chicagoland Tax Law Attorney Serving People Throughout the Northwest and Southwest Suburbs Including Schaumberg, Arlington Heights, Naperville and Buffalo Grove

Many IRS tax problems are confusing because you can't always get accurate information. Most taxpayers do not feel comfortable calling the IRS for answers.

We want to help you. Contact Jeffrey Collins at (312) 212-1000 or (866) 520-9257

Using the IRS tax problems information below will help you understand more when you call us. We hope this will help you obtain a better understanding of these problems.

• Payroll Tax Problems
• IRS Liens
• IRS Levy
• IRS Audits
• IRS Seizures
• Wage Garnishments
• Un-filed Tax Returns
• IRS Penalties

Tax Law Office provides legal counsel in these tax law areas above.

The IRS aggressively attempts collection for past due payroll taxes. Liability for payroll taxes almost always follows the business owner, and will attach to the owners home and assets. Penalties assessed on delinquent payroll tax deposits or filings can dramatically increase the total amount owed in months. It is critical to have an attorney, to represent taxpayers. How you answer the first five questions asked by the IRS may determine whether you stay in business or are liquidated by the IRS. Avoid meeting IRS representatives until you have met with a professional to discuss your options. Contact us now.

IRS Liens

The IRS can make your life miserable by filing federal tax liens. Federal tax liens are public records that indicate you owe the IRS various taxes. They are filed with the County Clerk in the county from which you or your business operates. As public records, they appear on your credit report. It is then difficult to obtain auto or home financing. Federal Tax Liens tie up personal property and real estate. You cannot sell or transfer the property without a clear title. Sometimes taxpayers have property that they would like to borrow against, but because of the Federal Tax Lien, they cannot get a loan.

And we know how to deal with that situation, too. But you have to call for help! Contact us now.

IRS Levy

An IRS levy is the actual action taken by the IRS to collect taxes. The IRS issues a bank levy to obtain your cash in savings and checking accounts. Or, the IRS can levy your wages or accounts receivable.

The person, company, or institution that is served the levy must comply or face his or her own IRS problems. The additional paperwork this person, company or institution is faced with to comply with the levy usually causes the taxpayer's relationship to suffer with the person being levied. Levies are usually the result of poor or no communication with the IRS.

When the IRS levies a bank account, the levy is only for the particular day the levy is received by the bank. The bank is required to remove whatever amount is available in your account that day (up to the amount of the IRS levy) and send it to the IRS in 21 days unless notified otherwise by the IRS. This type of levy does not affect any future deposits made into your bank account unless the IRS issues another bank account levy.

An IRS wage levy is different. Wage levies are filed with your employer and remain in effect until the IRS notifies the employer that the wage levy has been released. Waiting will not cause a levy to expire or release. Most wage levies take so much money from the taxpayer's paycheck that the taxpayer doesn't have enough money to live on. Contact us now.

IRS Audits

Don't wait to let the IRS take control.

The IRS can audit you by mail, in their office, or in your home or office. The location of your audit is a good indication of the severity of the audit. Typically, correspondence audits are for missing documents in your tax return that IRS computers have attempted to find such as W-2's, 1099 income items or interest expense items. This audit can be handled through the mail with the correct documentation.

The IRS office audit is usually with a Tax Examiner who wants numerous documents and explanations of various deductions. This may require you to produce all bank records for a period of time so that the IRS can check for unreported income.

The IRS audit scheduled for your home or office should be taken more seriously due to the fact that the IRS Auditor is a Revenue Agent. Revenue Agents receive more training and auditing techniques than a typical Tax Examiner. All IRS audits should be taken seriously because they often lead to other tax years and other tax deductions not originally stated in the audit letter.

Attorney Collins was an IRS Auditor. He knows exactly how to help. Contact us now.

IRS Seizures

We have recovered IRS seizures.

The IRS has extensive powers when it comes to Seizure of Assets. This allows them to seize personal and business assets to pay off outstanding tax liabilities. This occurs when taxpayers have been avoiding the IRS. The IRS attempts to collect amounts owed with a seizure as the ultimate act of their collection efforts. Contact us now.

Wage Garnishment

Don't let this happen. You need your money. Contact us.

The IRS wage garnishment is used to collect taxes owed through your employer. Once a wage garnishment is filed with an employer, the employer is required to collect a large percentage of each paycheck. The paycheck that would have normally been paid to the employee will now be paid to the IRS. The wage garnishment stays in effect until the IRS is fully paid or until the IRS agrees to release the garnishment.

Unfiled Tax Returns

The taxpayer must be aware that failure to file tax returns may be construed as a criminal act by the IRS. This type of criminal act is punishable by one year in jail for each year a tax return was not filed. It's one thing to owe the IRS money but another thing to potentially lose your freedom for failure to file a tax return.

The IRS may file "SFR" (Substitute for Return) tax returns for you. This is the IRS's version of your newly filed tax return. Because SFR returns are filed in the best interest of the government, the only deductions you'll see are standard deductions and one personal exemption. You will not get credit for deductions which you may be entitled to such as exemptions for spouses, children, interest and taxes on your home, cost of any stock or real estate sales, and business expenses, etc.

Regardless of what you have heard, you have the right to file your original tax return no matter how late it's filed. Get real answers. Contact us now.

IRS Penalties

The IRS penalizes millions of taxpayers each year. They have so many penalties that it's hard to understand which penalty you have been assessed. The most common penalties are: Failure to File and Failure to Pay. Both of these penalties can substantially increase the amount you owe the IRS in a very short period of time. To make matters worse the IRS charges you interest on penalties.

Taxpayers often learn of IRS problems years after they have occurred. This causes the amount owed to the IRS to be substantially greater due to penalties and interest.

Some IRS penalties can be as high as 75 to 100 percent of the original taxes owed. Often taxpayers can afford to pay the taxes owed; however, the extra penalties sometimes make it impossible to pay off the entire balance.

The original goal of IRS imposing penalties was to punish taxpayers to keep them in line. Unfortunately, they have turned into additional sources of IRS income.

The IRS does abate remove or reduce penalties. Before you pay the IRS any penalty amounts, you may want to consider requesting the IRS to abate your penalties. Contact us now.

For thorough and prompt resolution to your IRS troubles, please contact Jeffrey Collins, The Tax Law Office, (312) 212-1000 or (866) 520-9257.
Free initial consultations. Credit cards accepted. We provide Spanish and English services in Chicago, throughout the US and Puerto Rico.