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 for tax defense and to develop tax solutions may be the better alternative.
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“.
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. Always open all the mail from taxing authorities. The news never gets better by ignoring it. If ignored, the taxing authority is not going to go away, in fact the agency will become ever more aggressive.
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 works with individuals or companies ranging in size from small firms to multi-nationals. Historical client matters have concerned mere thousands of dollars up to hundreds of thousands of dollars. He cooperates with the UGBB team to provide services ranging from reviewing or filing returns, applying for refunds, interpreting tax codes, to aggressive advocacy and representation at hearings. Dave is accredited to represent clients at the United States Tax Court. Contact David K. Adam to schedule a Back Tax Liability consultation.
Meet The Team