TAXPAYER ADVOCATE - BACK TAXES - Individual and Corporate Tax Liabilities
Dealing with large back tax liabilities can be intimidating - particularly when the IRS or other tax authorities employ collection tactics such as wage garnishments, bank levies and property liens. When this happens taxpayers can find themselves financially strapped and forced into dire economic circumstances, sometimes leading to bankruptcy. This situation can occur whether the taxpayer is a single individual, married couple or corporate entity. Taxpayers can be forced to sell their assets, their homes and/or shut down their business. The good news is that tax authorities have settlement programs available designed to help taxpayers resolve tax debts. Although taxpayers unquestionably have the right to negotiate directly with authorities, hiring professional representation to advocate and develop a solution may be the better alternative.
Assisting individuals or businesses (whether formed as a corporation, LLC or partnership) to develop a resolution plan requires special skill. At UGBB, we provide more than a "settle for pennies on the dollar" claim. Such a claim is not only misleading, but the approach is dangerous. Keep in mind that tax authorities serve a noble mission. For instance, the IRS Mission is declared as:
"Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the tax law with integrity and fairness to all."
Makes perfect sense. To achieve their mission, tax authorities are charged to understand how and why tax liabilities accrued, receive an explanation as to when and how a workout plan will be designed, and ultimately to participate in resolving liabilities. In the vast majority of cases, taxpayers do not intend to accrue liabilities. Tax authorities deserve to hear that this is the case before cooperation can be expected. Throwing authorities a settlement offer for "pennies on the dollar" just doesn’t cut it. The result can be achieved, but only when the case warrants it. Authorities will not sign-off on a settlement plan unless it can be managed by the taxpayer and is in the best interest of "enforcing the tax law." Skillful advocacy entails presenting information succinctly and crafting a resolution budgeted on historical performance and available assets, while anticipating future recovery potential. This is key to engendering tax authority assistance. Many taxpayers need someone to run interference, design the plan, and communicate the proposed resolution to authorities because the taxing agency perceives the taxpayer has not been cooperative historically – in other words the taxpayer has chosen not to "meet their responsibilities." That is when an advocate can help taxpayers to ensure that "fairness" is achieved.
Tax enforcement actions create stress and unique financial challenges whether initiated by the IRS or state tax authorities – oftentimes simultaneously. UGBB stands by its clients and protects them from undue persecution. We collaborate with tax authorities to develop a tailored work out solution that will eventually wipe out tax liabilities. At UGBB, we employ a "partnership" approach to solving problems while "Maximizing the Power of Partnerships." And in back tax cases, the partnership includes the client, the tax authority and UGBB. Our staff incorporates accounting and real world business experiences to support individuals and businesses in back tax cases. Solutions differ based on whether liabilities faced are related to individual or business taxes – but in either situation – we can help – with "integrity".
Call David K. Adam, the lead tax matters partner for a free consultation if you need assistance with:
- Challenging Tax Due or Final Notice of Intent to Levy.
- Prevention or Release of Wage Garnishments.
- Release of a Bank Levy.
- Release of a Property Lien.
- Obtaining a Stay of Collection Proceedings.
- Penalty Abatement.
- Claiming Innocent Spouse Relief.
- Filing an Offer in Compromise.
- Negotiating an Installment Agreement.
- Employer Payroll Back Tax Liability.
- Sales and Use Back Tax Liability.
- Filing Delinquent Income, Payroll or Corporate Tax Returns.
- Audit Protection.
- Corporation, LLC, Partnership and/or Responsible Party Representation.
Whether you decide to retain an advocate or go it on your own, please understand the importance of taking immediate action to deal with back tax problems. Doing so will simplify a resolution by eliminating many legal stumbling blocks and the accrual of additional penalties. Quick action also reduces psychological and financial pressure while providing a quicker resolution to the crisis.
Contact Us
Our lead tax practice attorney, David K. Adam, has an accounting background to supplement his law license, and served as a CFO, business developer and tax consultant for over twenty-five years. He has worked with individuals and companies ranging in size from small firms to multi-nationals. He cooperates with the UGBB team to provide services ranging from interpretation of tax codes, to aggressive advocacy and representation at hearings. Contact David K. Adam to schedule a Back Tax Liability consultation.
