Notice of penalty or additional tax due
Does your heart start pumping and your muscles tense up when you find any of the following in your mailbox?
Don’t allow this force overpower you!
There are ways and strategies to resolve your tax problems. Timing however is of the essence here! You need a tax resolution services expert who speaks the same tax language as the IRS Revenue Officers, IRS Appeals Officers, and IRS Settlement Officers.
Our experience has been that many of the Service inquiries can be resolved with much lower or no additional taxes due.
Tax Resolution and Representation
No one looks forward to a letter from the IRS informing them that they owe tax or penalties or that their tax return is being audited. Being one of the most formidable administrators and collectors on the planet, the IRS has the power to seize bank accounts, garnish wages and force the immediate sale of property, including primary home. If a tax return has never been filed, the IRS has the right to issue a substitute return based on the information available (which typically is the least beneficial to the taxpayer) and go after the taxpayer to collect for the related tax debt, interest and penalties.
Think that living in Canada will save you from the long reach of the aggressive IRS audits and collection actions? Then think again.
If you have IRS tax debt, it can file a lien against your assets regardless where the assets are located – in the US or in Canada. Just so long as you owe IRS unpaid tax and own personal assets, your assets may be subject to levy. The United States has tax treaties with over 60 countries. If the treaty contains an Assistance in Collection provision, such as in the income tax treaty between Canada and the United States, then your assets are potentially fair game to the IRS. The CRA is granted an authority to assist the IRS to collect unpaid taxes, interest, and any associated costs. In addition to such taxes the CRA can also assist the IRS with collecting civil penalties. However, as a general rule, Canada will not help the United States to collect US taxes owed by Canadian citizens.
Dealing with the IRS is a complicated process
Knowing your rights, knowing the tax laws and IRS policies, having a plan of action to challenge or negotiate with the IRS is WHERE WE CAN HELP.
There are several IRS tax resolution strategies available to taxpayers with tax debt problems and delinquency. These solutions include but are not limited to Offer in Compromise, Installment Agreement, Innocent Spouse Relief, Non-collectability, Expiry of limitation period under the Statute of Limitations, Penalty Abatement, Tax Appeal.
Our Tax Resolution and Representation specialists will be happy to provide the tax resolution help that you need. We will examine the applicable facts to determine an appropriate action plan to request for penalty abatement, stop IRS collection actions and, if relevant, negotiate your tax debt payments.