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Personal Tax Services And Consultation we offer

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Four Steps to IRS Tax

Our Tax Attorneys and licensed agents will work directly with you to determine the optimal solution to resolve your tax problems. Below is a representative guideline to how quickly Electronic bookkeeping services can start working to resolve your issue right away.

1.Initial Consultation1. Initial Consultation

When you call in to one of our tax consultants we provide you with a free consultation. Electronic bookkeeping services specialists will work with you to understand your specific circumstances and to prepare the best possible solution to resolve your IRS problems.

If your case meets our guidelines, your personal Tax Relief representative will email to you additional material to start your process for moving forward with expert Tax Representation as soon as possible.

2.Imidiate action

If you qualify for our Tax Relief Program, upon enrolling with EBS, we will send the IRS a Letter of Representation and a Power of Attorney form. Once processed by the IRS, these legal documents relieve the burden from your shoulders of dealing with the IRS – and let our experts at EBS l deal with resolving your problems for you.

If the IRS has taken any enforcement action against you {e.g. a levy or garnishment} EBS, acting on your behalf, will request forbearance and work with the IRS to attempt to temporarily remedy this IRS action.

3.Tax relief solution

Resolving your IRS debt is a team-effort between you and Electronic bookkeeping services– your job will be to prepare supporting documents for your offer (e.g. pay stubs, bank statements, 401k statement, etc.). EBS will supply you with a detailed list of required documentation, prepare and file back taxes (where applicable) and prepare the detailed tax resolution documents for submittal to the IRS (the faster that you are able to coordinate your information, the quicker that we can work to resolve your tax problem!)

4. Offer/Negotiation

EBS’s experts will make certain that everything is in order for submission to the IRS. The goal is to maximize the probability that your offer in compromise, installment agreement, or alternative tax relief solution is accepted to save you the most money.

EBS's tax attorneys and specialists will handle all correspondence and negotiating with the IRS.

IRS Installment Agreement

Many taxpayers cannot qualify for an Offer in Compromise, Statute of Limitations expiration, or bankruptcy relief but still seek resolution for their IRS liability. In these cases, we will work with our client’s budget and financial profile to negotiate long term IRS payment arrangements. The IRS allows "structuring" five primary types of payment plans, or Installment Agreements: Guaranteed Installment Agreements, Streamlined Installment Agreements, In-Business Trust Fund Agreements, Long-Term Installment Agreements, and Installment Agreements on Specified Balance Due Accounts.

If you would like to discuss any of your Installment Agreement options, please give one of our Tax Specialists a call

 

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IRS Tax Levy and Garnishment Release

A wage garnishment can result from affecting a levy resulting from delinquent tax liability. Garnishment rules vary, but essentially the IRS takes a portion of your paycheck each pay period, and contributes the amount garnished toward paying off your tax debt. The Garnishment will remain in place until the tax is paid in full or until a Garnishment release has been processed.

Having your wages garnished is frequently a stressful and financially debilitating experience for consumers calling for tax relief. Our Tax Attorneys and Tax Specialists will work hard to immediately contact the IRS to attempt to release your wages from garnishment, and then structure a solution to resolve the underlying tax liability – whether that is an Offer in Compromise, Statute Expiration, or an Installment Agreement.


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Filing late taxes

A frequent response from taxpayers who cannot afford the potential tax liability that will be created by submitting their tax returns is to become non-filers (stop filing, since they cannot afford the payments anyway). Our Supervising Tax Attorney believes that it is almost always in the best interest of the consumer to file, regardless of ability to pay. While the potential for criminal prosecution for failing to file a tax return is very small, the economic consequences are severe – there is a maximum 25% late filing penalty that can be applied to the tax. Combined with accruing interest, this late filing penalty can add up to almost 50% of the original liability in many cases.

Many of our clients have not filed properly for a year, some for over a decade. Our Tax Specialists will work with you to prepare and file historic returns, even if you no longer have the original records from the filing years.

 

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Payroll Taxes

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Employers are required to withhold employment taxes from their employees' payroll and pay over to the IRS this owed "Trust Fund Tax." When small business owners are unable to meet the IRS obligations, a Trust Fund Tax liability is created. The IRS is aggressive in enforcement of Trust Fund Taxes, and does not allow Trust Fund Tax to be discharged in a bankruptcy, no matter how old the tax liability is. This means that if you owe delinquent Payroll Tax, you must address the liability and find a solution. Given the complicated nature of Payroll Tax/Trust Fund Tax, call our supervising Tax Attorney to discuss your options and find the best course of action to resolve the tax liability.

The IRS reports that approximately 2 million businesses owe almost $50 billion in Payroll Tax. The IRS is increasing its enforcement actions, so the probability of facing a lien, levy or other action may be increasing. To determine if you may have a Trust Fund Tax Liability, there are two primary determinant tests: whether you are "responsible" for collecting or paying withheld income and employment taxes, or for paying collected excise taxes; and (2) whether you "willfully failed" to collect or perform your obligations.

Typically, the IRS has the right to take enforcement action against anyone who meets these determinant tests, even if they were not an officer or employee of the corporation which originally collected the payroll taxes.


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Tax Penalties/ Filing Late Tax Return

A frequent response from taxpayers who cannot afford the potential tax liability that will be created by submitting their tax returns is to become non-filers (stop filing, since they cannot afford the payments anyway). Our Supervising Tax Attorney believes that it is almost always in the best interest of the consumer to file, regardless of ability to pay. While the potential for criminal prosecution for failing to file a tax return is very small, the economic consequences are severe – there is a maximum 25% late filing penalty that can be applied to the tax. Combined with accruing interest, this late filing penalty can add up to almost 50% of the original liability in many cases.

Many of our clients have not filed properly for a year, some for over a decade. Our Tax Specialists will work with you to prepare and file historic returns, even if you no longer have the original records from the filing years.


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Tax Relief alternative

Payment Agreement

Settlement

Discharge

Expiration

Abatement

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