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Highly Experienced Birmingham Tax Lawyer

By using our fee abatement program, you could instantly cut your tax debt in half.

Once the IRS hit you or your Alabama company using a tax bill, it normally adds fees and interest charges. Some fees, like late payments, they can be included automatically by IRS computers.

The IRS assumes you admit them, in the event that you do not whine once penalties are imposed. Luckily, a penalty can be confiscated by the IRS just as straightforward as it included one. The key to the domain of the tax penalty relief is demonstrating a reasonable reason for your letdown to mind with tax law.

The total amount of tax code fines that are different is staggering. Below are some of the fees that IRS will tack on to the debts of individuals who’ve not filed their tax debts that are overdue.

Incorrectness:

The IRS will impose a 20 % fee on you if you greatly minimized your taxes or were unreasonably negligent. This precision-linked fine is applied when you cannot establish a deduction in a review, or you didn’t submit all your income and also it is learnt by the IRS.

Civil deceit:

A fee 75% can be attached, in the event the IRS discovers that you were not reported your income with a deceptive aim.

Delayed Payment:

Normally, the Internal Revenue Service will add a fee from 0.25 % to 1% for each month to an income tax statement, which isn’t paid punctually. This late payment fine is when you make a delayed payment, or tacked on by the IRS computer automatically whenever you file a tax return devoid of paying the outstanding balance.

Not Filing on time:

If you didn’t file your return punctually, the IRS can fine you an additional 5% per month on any outstanding balance. But this punishment could be used just for the initial five months following the due date of the return, equal to a 25% higher price. The IRS can nevertheless impose lesser penalties, when there is no outstanding balance.

Once you know the reason and also how you were hit by the IRS with fines, you may demand that they removed or be abridged. The IRS name for this process is known as an abatement. About one third of all tax fees are finally abated, and it’ll be more if you understand the methods to fight them.

Only educating the IRS that you cannot manage to compensate it, or do not enjoy a penalty, will not work. You need to show practical cause, which means an excellent supplication. Based on the IRS, any sound cause advanced by a taxpayer as the reason for postponement in filing a return making deposits, or paying tax when owed will be carefully analyzed.

Methods to request for interest abatement and an IRS penalty

Submit your request for abatement in writing, following a filled up form, when you get a tax notice with tax penalties, but be brief and clear-cut.

Enclose the following documents with your written request.

• Letter from a registered medical practitioner, describing your state that prevented you from filing your tax return punctually.
• Death certificate substantiating the bereavement of close relationships or your blood.
• A comprehensive report from the fire division if your property is damaged as a result of fire.

What to Do Next

There are some easy and effective methods to get your tax fines or interest condensed or even removed completely, if you have been levied fees by the Internal Revenue Service. We have been in the industry for decades and we are devoted to offer our customers a professional IRS fee and interest abatement service lawfully. Contact us today to solve your tax problems all and the related fees imposed by the Internal Revenue Service on you or on your Birmingham company.

Let our attorneys deal with the IRS and state of Alabama, so you could focus on running your business.

The Internal Revenue Service is a formidable money making machine for the government, and when your Birmingham business has dropped into IRS or Alabama company tax debt, they will accumulate. Thus, in case your business has delinquent taxes including payroll tax debts there is no need to scurry for cover (and remember – never conceal) even in the event that you know little or nothing about dealing with IRS company tax debts. There are experienced professionals ready to help.

Un-Filed Payroll Tax Filings

The IRS looks at payroll tax – taxes imposed on employees and companies – from two views:

• (a) Taxes a company pays the IRS based on the wages paid to the employee (known as withholding tax’ and is paid out of the employers own funds) and
• (b) A portion of wages the company deducts from an employee’s wages and pays it to the Internal Revenue Service.

The company ends up footing the bill for both the forms of taxes as the withholding tax results in lower wages.

Repayment Schedule

The schedule of these payments depends upon the typical amount being deposited (based on the look back period’ – a twelve month period ending June 30). This payment schedule can be monthly or semi-weekly.

If you’re a company that is new and did not have some employees during your look back span’ or in case your overall tax liability is up to USD 50,000 for your appearance back period’, you must follow a monthly schedule.

In case your payroll tax liability is less than USD 50,000 you will have to follow a semi-weekly deposit schedule. These taxes should be deposited by Sunday, Monday, Tuesday or Wednesday following the Friday payday. If you fail to pay your taxes on these days you may fall into a payroll tax debt. You ought to seek the services of tax professionals keep from falling into payroll tax debt and to direct you through this maze of processes and steer clear of hefty penalties.

Handling Back Tax Debts

Revenue collected through taxes for example payroll tax are spent on financing plans like; health care, social security, unemployment compensation, worker’s compensation and at times to enhance local transportation that carries many workers to and from work.

When you have to deal with IRS tax debts, it’s extreme important to stay in contact with your IRS officials – never avoid or hide from them. Most IRS penalties contain a compounded interest rate of 14% this can turn a company turtle in an exceedingly brief time dealing with IRS business tax debt it paramount.

How a Professional Birmingham Tax Pro Can Assist

Being in an IRS business debt situation is serious. You may have time on your side when they gain momentum things get worse for you, although because the IRS is slow to begin processing your account. However, you aren’t helpless. There are processes you might be eligible for that a Alabama professional can use his good offices with the Internal Revenue Service to assist you over come your business debts.

Amongst others, you need a professional’s help, in the event that you haven’t heard of an Offer in Compromise, Tax Lien Interval, Uncollectible Status and Bankruptcy. Waste no more time, get in touch with us today to get out of business tax debt and save your company from closure.

Picture no more letters and notices being sent to your Birmingham dwelling or company. Our team can help.

Notices and IRS Letters are sent to people in Birmingham who haven’t filed their tax returns or have not paid all of their tax obligation. The Internal Revenue Service is responsible for collecting taxes due from citizens to ensure the Federal Government has the funds to conduct its business. The Internal Revenue Service presumes that citizens who fail to pay their taxes and who are delinquent in filing their tax returns are ignoring the reason why taxes are significant. The Internal Revenue Service also presumes that citizens do not have a great rationale for not fulfilling their tax obligations. Aggressive pursuit of these citizens is the reason why IRS letters and notices are sent. For executing speedy collection actions, delinquent citizens are on the Internal Revenue Service radar. Taxpayers need to remember that the IRS will not need to begin any court action to levy wages, bank accounts and property. Even pension income may be attached.

Penalties are prolific. Now the distinct of penalties is 10 times that amount, although in 1988, there were just 17 penalties the IRS could impose. Some of these can certainly become serious difficulties for the taxpayer.

Some Examples of Notices

Under-Reported Tax Debts

A notice that maintains their income has been under reported by a taxpayer in Birmingham is a serious matter. Often, this could be reconciled easily, if the IRS claim is valid, but the taxpayer will be evaluated a penalty and interest. Then the taxpayer could be accused of filing a fraudulent return, whether this notice spans more than one year of tax filings. The fees and also the interest will amount to an unimaginable amount of money irrespective of the perceived purpose.

Notice of Wage Garnishing

A notice that threatens to attach a taxpayer’s wages, bank account or property is also serious. The IRS will send a letter warning of the impending actions, and this letter will stipulate an amount of time the taxpayer has to resolve the delinquency. Letters that have been sent to the citizen in an attempt to solve the delinquency before it reaches the collection action are followed by this notice.

Notice of Home Lien

A notice stating the IRS has filed a lien on the citizen’s property also follows this action to be taken by letters of intent. The notice will contain the total amount of the governmental bureau and the lien where it was recorded. This lien will stop the taxpayer from selling the property until the lien is satisfied, or the lien amount will be deducted from the profits of a deal. The IRS may also force the sale of the property to obtain fulfillment of the lien. A notice will be issued if a deal is planned.

What you should do because of a letter

The taxpayer should never disregard IRS letters and notices. Rather, they need to immediately seek help with these potential threats to their financial security. Actually, if a citizen who believes they may receive letters and notices from the IRS can contact us so we can stop these from being sent. Contacting our BBB A+ Birmingham law firm is even more important if a letter or notice has been received. We have many years of successful experience in working with the IRS and state of Alabama to resolve taxpayer problems.

An experienced law firm is your best shot of finally being free of back tax debts in Alabama

Have you ever been struggling for several years with your back tax debts, and are finally fed up with dealing with the IRS on your own?

Have they started sending letters and notices to your home or business, demanding you pay interest costs and extra fees for the sum you owe?

If so is hire a tax law business that is reputable and experienced to be by your side every step of the way. The great news is, our Birmingham firm is the perfect candidate for the occupation, with an A+ company rating with the BBB, tens of thousands of happy clients throughout the country (especially in beautiful Alabama), and our own team of tax lawyers, CPAs and federally enrolled agents, all prepared to work on your own case today.

The Internal Revenue Service is the biggest collection agency on earth, with a huge number of billions and revenue officers of dollars set aside to pursue great, hard working individuals like you for the money you owe. The only thing they care about is getting the money they are owed. You shouldn’t have to face them by yourself. We don’t get bullied about like ordinary citizens can use our private contacts to negotiate the settlement that you need, and do.

Using seasoned Birmingham legal counsel in your tax problems is like having an expert plumber come and repair your massively leaking water main. Certainly you could likely eventually find out how to repair it by yourself, but by the time you do, your house is most likely permanently damaged from leaking, and will cost much more than simply hiring the expert in the first place.

Do your future, your family and yourself a and let our Birmingham law firm help you with your back tax problems right away. Our crew of experts is standing by, prepared to help you!

Let our Alabama team negotiate a payment plan that's right for you, which means you are able to afford to repay your debt over time

The IRS Installment Agreement is a way for citizens in Birmingham when they can’t pay it in full with their tax return to pay their tax debt. This agreement allows for monthly payments to be made. As long as the taxpayer pays their tax debt in full under this Arrangement, they avoid the payment of the fee that is associated with creating the Deal and can reduce or eliminate the payment of interest and penalties. Creating an IRS Installment Agreement requires that all required tax returns are filed prior to applying for the Agreement. The taxpayer cannot have some unreported income. If more than $50,00 in tax debts are owed, then the citizen may apply for a longer period to pay the debt.

Benefits of an Installment Agreement

The agreement will result in some important gains for the taxpayer. While an arrangement is in effect enforced collection action WOn’t be taken. When the citizen can count on paying a set payment every month rather than needing to worry about putting lump sum amounts on the tax debt there is going to be more financial freedom. The citizen will remove interest and continuing IRS fees. The IRS will help in the event the taxpayer defaults on a payment supplying the IRS is notified instantly, the citizen keep the agreement in force.

Problems with the Installment Agreement

Some duties come with the Installment Agreement. When due, the minimum payment should be made. The income of an individual taxpayer or the incomes of citizens that were combined should be disclosed when putting in an application for an Installment Agreement. In some instances, a financial statement should be provided. All future returns should be filed when due and all of the taxes must be paid when due. Taxpayers paying their tax debt under an Installment Agreement may be asked to authorize direct debit of their checking account. This method of making monthly payments enable the citizen to request that the lien notice be removed. But, the lien can be reinstated if the taxpayer defaults on the Installment Agreement.

The taxpayer and the Internal Revenue Service can negotiate an Installment Agreement. However, particular advice should be supplied and any advice may be subject to affirmation. For taxpayers owing more than $50,000, a financial statement will be required.

How to Prepare to Apply for an Agreement

While taxpayers can submit an application for an IRS Installment Agreement, there are some precautions that must be considered. Although the IRS attempts to make applying for an Installment Agreement a relatively easy process, there are some condition which can make this a challenging endeavor. It is important to get it right the first time that the application is made since many issues can be eliminated by an Installment Agreement with the IRS.

We are the BBB A+ rated law firm serving all of Birmingham and Alabama, that could provide you with expert help. Our many years of expertise working on behalf of taxpayers that have problems paying their tax debt with the Internal Revenue Service qualifies us to ensure approval of your application for an Installment Agreement.

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