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If you have been receiving intimidating letters from the IRS for an amount that seems impossible to pay, don't worry, there is hope! At EMDO TAX RELIEF, we offer tax relief services that can significantly lower your tax debt, potentially saving you thousands in penalties, interest, and fees. Many people are not aware that the IRS has several programs designed to help taxpayers get back on track. The IRS does not promote these options because their goal is to collect as much tax money as possible. Our mission at EMDO TAX RELIEF is to help you reduce your tax burden to the lowest amount possible.
If you owe back taxes and receive a paycheck, the IRS has the authority to garnish up to 70% of your gross income. They may also resort to more aggressive collection actions like bank levies or property seizures to recover your tax debt. Are you getting certified letters from the IRS demanding payment, or worse, threatening to garnish your wages? If so, the IRS Fresh Start program could be the solution you need, whether you're an individual taxpayer or a small business owner.
If you have not filed your taxes or paid your returns in a while, you might be facing not just your tax debt but also heavy penalties and interest, which can add up quickly. In many cases, EMDO TAX RELIEF can help you eliminate these penalties and the interest that comes with them through a process called penalty abatement.
This resolution strategy is one of the hardest to achieve, and only a small percentage of taxpayers even qualify for it. Some taxpayers exhibit incredibly dire circumstances, such that it may be impossible to ever actually pay off all of their tax debt. However, a knowledgeable and qualified tax professional may utilize this option, if you qualify, to significantly reduce your tax debt.
The IRS can sometimes utilize their power to collect up to 70% of your gross income. If you owe back taxes and are currently employed, the IRS will use this method to get their debt. Living off of a fraction of your paycheck can be frustrating humiliating, stressful, and debilitating to say the least. EMDO TAX RELIEF can help get you back into compliance with the IRS and get an approved installment plan – getting you back in control.
Many taxpayers simply haven’t filed one or more past tax returns. This is one of the first ways to get into compliance with the IRS. The IRS has a master record of all W2′s, 1099′s, and 1098′s (mortgage interest paid) for an individual taxpayer.
EMDO TAX RELIEF uses Master File Transcripts to ascertain your standing then and now. Since you didn’t file, the IRS files a ‘Substitute Return’ not having taken into account such things like exemptions or status. We will be able to find out your Adjusted Gross Income, Taxable Income, Tax, Number of Exemptions, and/or Filing Status. What EMDO TAX RELIEF can now do is re-file your return and achieve a better result based on your situation.
If the IRS has issued you a noticed that they intend to levy and seize your assets for the purpose of paying your taxes, you have 30 days or less to stop it and pay the total tax debt. Even if you can’t pay the full amount (often people can’t pay the full amount because it is so high); EMDO TAX RELIEF may be able to remove the tax levy by negotiating and getting an installment plan approved to get you into compliance with the IRS.
If you’re dealing with threatening letters from the IRS or worse, had your bank levied or a tax lien filed against you, it probably feels like you have no way out. But there is hope for alleviating your tax debt stress. Tax resolution assistance is available from the professionals at EMDO TAX RELIEF, and could possibly reduce your total tax debt, including penalties, fees, and interest. While you certainly have the right to directly contact the IRS yourself to resolve your tax debt situation, there’s a strong chance you’ll get a better overall outcome by seeking the help of tax resolution professionals such as EMDO TAX RELIEF.
Most people cannot pay their entire tax obligation in full – life circumstances just don’t let it happen. Moreover, the IRS can be very frustrating to get a hold of on the phone. Many taxpayers can spend 45 minutes or longer just on hold to speak with someone.
Our tax professionals can negotiate a reasonable and agreeable payment plan, based on your circumstances, which will allow you to pay off your tax debt slowly. In many cases, EMDO TAX RELIEF can even get much of the interest and penalties removed.
If you’re receiving letters from the IRS that sound more and more threatening, you may be feeling like a tax attorney is necessary to resolve your tax debt. Some tax attorney advertisements can make it sound like an attorney is the only option for taxpayers facing IRS tax debts. While sometimes a tax attorney is necessary, the vast majority of people with tax debts who receive threatening letters from the IRS don’t need to go to the extra expense of hiring an attorney––there are other options for getting help.
As a consequence of life situations, many taxpayers are often burdened with a tax obligation that actually belongs to a spouse or a former spouse. Not to worry – if this is the case, the professionals at EMDO TAX RELIEF can have the entire obligation, including penalties and interest removed completely.
There are many situations where life doesn’t make it easy to pay your tax debts. If you are struggling, and barely making ends meet, EMDO TAX RELIEF can help. If your wages only cover your necessary living expenses, and you have no assets worth getting levied, we may be able to put you in a status called, “currently not collectible.” This is not a resolution as much as it is a change in your status. Penalties and interest will continue to accrue, so it is important to stay on top of this. If you are “currently not collectible” for some or all of the 10-year statute of limitations, and this time expires while you are still “currently not collectible,” the tax obligation will become permanently not collectible.
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