<![CDATA[Talon Tax - Tax Debt Relief Experts - Debt Forgiveness Blog]]>Thu, 21 Jan 2016 10:33:49 -0800Weebly<![CDATA[Tax debt and tax liens are spreading across the us]]>Mon, 16 Jun 2014 18:01:17 GMThttp://www.talontax.com/debt-forgiveness-blog/tax-debt-and-tax-liens-are-spreading-across-the-ustax debt relief specialists
One of the scariest circumstances in life is having to fight an enormous federal firm that is chocking you down to pay up for the services that are being provided to you inform of taxes. Well it is not excellent either particularly since you don't have the money to pay the taxes that have been accrued overtime and likewise they don't let you understand that there are avenues that you can follow to get a tax relief. With tax debts and evasion occuring more and more every day in the U.S. it is becoming very clear that we need someone fighting on our side.

Staten Island Congressman Michael Grimm Makes Court Appearance

NEW YORK (CBSNewYork/AP) – Prosecutors say the evidence against Staten Island Congressman Michael Grimm, who is accused of evading taxes, includes thousands of emails.

Federal prosecutors told a federal judge in Brooklyn on Monday that the emails had been turned over to lawyers for Grimm.

The embattled Republican was charged last month in a 20-count indictment on mail, wire and tax fraud. The charges stemmed from an ongoing investigation of his campaign fundraising.

Grimm has denied any wrongdoing. The former FBI agent didn’t speak to reporters as he left court on Monday.NEW YORK (CBSNewYork/AP) – Prosecutors say the evidence against Staten Island Congressman Michael Grimm, who is accused of evading taxes, includes thousands of emails.

Federal prosecutors told a federal judge in Brooklyn on Monday that the emails had been turned over to lawyers for Grimm.

The embattled Republican was charged last month in a 20-count indictment on mail, wire and tax fraud. The charges stemmed from an ongoing investigation of his campaign fundraising.

Grimm has denied any wrongdoing. The former FBI agent didn’t speak to reporters as he left court on Monday.

More at Staten Island Congressman Michael Grimm Makes Court ...

Swiss Banker Pleads Guilty In US Tax Evasion Case

The owner of a Swiss trust company pleaded guilty Wednesday to conspiring with Credit Suisse bankers to enable US customers to avoid taxes by hiding assets in secret Swiss bank accounts.

Josef Dorig admitted he engaged in a "wideranging" conspiracy between 1997 and 2011 to help US citizens evade income taxes by concealing assets in Credit Suisse accounts held in the names of sham entities, the Justice Department said.

The 72-year-old Swiss and Italian citizen pleaded guilty to one criminal count in a Virginia court and, if convicted, faces up to five years in prison.

"This plea sends a strong message to those who use or help others use offshore bank accounts to evade US taxes," Assistant Attorney General Kathryn Keneally said.

More at Swiss Banker Pleads Guilty In US Tax Evasion Case | Crooks and ...

Doctor Pleads Guilty to Tax Evasion

Dr. Michael N. Mangold pleaded guilty to tax evasion and making false statements today in the U.S. District Court for the Eastern District of Wisconsin, announced the Justice Department and Internal Revenue Service (IRS).  Mangold was indicted in October 2012.

According to court documents, Mangold was a medical doctor specializing in emergency medicine and urgent care who, since 1993, had worked as a physician for various hospitals, emergency rooms and urgent care facilities.  At times, he also worked as a physician in state and county correctional facilities.  Mangold primarily earned income through a combination of employee wages and independent contractor payments.

More at USDOJ: Doctor Pleads Guilty to Tax Evasion - Department of Justice

Former Denver Sheriff accused of over $20K in theft, tax evasion

DENVER — A 46-year-old Westminster man was indicted on theft and tax evasion charges Thursday, according to the First Judicial District Attorney.

DA Pete Weir said a district grand jury indicted Michael Than, a former division chief with the Denver Sheriff’s Department, for stealing Turbo Tax software and reselling it on Ebay. Than also allegedly failed to report income on his federal and state tax returns for fees he earned on tax preparation services he provided, added the DA.

On Friday, following the indictment, Than turned himself in to police.

More at Former Denver Sheriff accused of over $20K in theft, tax evasion ...
<![CDATA[How to avoid fines from back taxes]]>Wed, 11 Jun 2014 18:29:50 GMThttp://www.talontax.com/debt-forgiveness-blog/how-to-avoid-fines-from-back-taxesPicture
Did you know that you could not only lose your home but the IRS could come after your business? Don't get caught off guard, with no help when the IRS and Federal Government come looking for your hard earned money.

Here are some news releases from around the web that will give you an idea of what is happening to businesses, individuals, families, and estates.

Jasper County, Reasnor at impasse on city’s back taxes

Well, that’d be my advice, to get some legal advice … somebody dropped the ball somewhere, and I don’t want to lay blame,” Jasper County Board of Supervisors Chairman Joe Brock told Reasnor Mayor Cliff Vos at Tuesday’s meeting.

Vos was making his second consecutive appearance in front of the board in an effort to try and resolve his city’s issue of back taxes to the county. Reasnor is currently behind on its county taxes for several parcels the city owns, some of which are exempt as they are under Federal Emergency Management Agency

More at Jasper County, Reasnor at impasse on city's back taxes - Newton Daily News

Walleyes Pub license renewed, but owner faces back taxes, short deadline

The owner of Walleyes Pub has 20 days to pay back taxes, get the Sixth Avenue building inspected and resume operations if he wants to claim the liquor license the Oshkosh Common Council renewed for him on Tuesday.

Walleyes, 522 W. Sixth Ave., was one of four liquor licenses the council requested nonrenewal hearings for last month, but was the only one that actually had such a hearing Tuesday night. Of the other three licenses, two were renewed Tuesday and the third was not issued last year at all, meaning it reverted back to the city for issuance to a new applicant.

The council voted unanimously to renew Walleyes’ license, but it was about the only good news owner Paul Ulrich got in the process.

...More at Walleyes Pub license renewed, but owner faces back taxes, short deadline - The Oshkosh Northwestern

Columbus schools will benefit as Fort Rapids pays back taxes

The estate of a man who had owned Fort Rapids Indoor Water Park paid more than $1.5 million in back taxes yesterday, clearing the way to keep the property out of foreclosure.

The East Side hotel and indoor water park has been in financial trouble for at least the past six years, and property taxes for the facility had not been paid since 2011, said county Treasurer Ed Leonard’s office.

Leonard, who filed a lawsuit for foreclosure against the park’s owners in 2013, said he estimates the payoff should generate about $1 million in overdue tax payments to the Columbus City Schools.

He said the county filed the lawsuit because it has an obligation “to make sure the schools and community taxing agencies have the revenue they need.”

The water park was featured as part of a 2012 Dispatch investigation into troubled central Ohio properties that could leave city and county taxpayers on the hook should they be abandoned by their owners.

...More at Columbus schools will benefit as Fort Rapids pays back taxes - Columbus Dispatch

One Hundred North Main owes $55K in back taxes

The owners of the tallest building in Memphis at the end of May owed $55,000 to both the city and Shelby County.

That 38-story building owned by One Hundred North Main LLC at 100 N. Main St. in Downtown Memphis was No. 3 on a list of the top five delinquent properties in ZIP code 38103 as of May 30, according to the Shelby County Trustee's Office.

To see more details about what the owners of that property and the others on our list owe the city and county, click here.

...More at One Hundred North Main owes $55K in back taxes - Memphis Business Journal (blog)

Federal employees owe $3.3B in back taxes

WASHINGTON — Federal employees owe a total of $3.3 billion in back taxes to the federal government, according to Internal Revenue Service data released Thursday.

In all, 318,462 federal employees owed back taxes as of last Sept. 30 — an increase of 2.6% from the previous year. That puts the average tax bill at $10,391, according to IRS data obtained by USA TODAY under the Freedom of Information Act.

But federal workers are better at paying their taxes than the average taxpayer. Their delinquency rate of 3.19% is far lower than the 8.7% for the population at large.

Some federal workers are worse than others. The non-payment rate for employees of the House of Representatives is 4.87%. In the Senate, it's 3.24%. That's 714 tax delinquents on Capitol Hill owing a total of $8.6 million — more than one for each representative or senator. Thirty-six employees in the Executive Office of the President are delinquent on their taxes, for a rate of 2.06%.

...More at Federal employees owe $3.3B in back taxes - USA TODAY
<![CDATA[Are Tax Professionals Really Helpful?]]>Mon, 02 Jun 2014 19:51:05 GMThttp://www.talontax.com/debt-forgiveness-blog/are-tax-professionals-really-helpfultax-debt-relief-scams
While the IRS are employing tactical moves to collect on tax debts, we, as the most reputable tax relief company, are utilizing our experience, knowledge and proper understanding of tax law, to enable you to settle your tax debts reasonably and efficiently. Make the first move today and choose us to represent you. Our attorneys and CPAs are fully licensed and more than qualified. We are completely conversant in tax law and can offer you various tax relief solutions. Before we embark on how we actually help you, you first need to learn about us and our services.

Why Should You Trust Us?

Of course the tax debt relief industry is thriving and many scammers are cropping in. You are obviously aware of that indicated by your interest in this article. For our case, everything we do clearly shows our legitimacy. Our enrolled agents, certified public accountants and tax attorneys are all licensed and completely qualified.

All our staff members are all members of the National Association of Tax Professionals (NATP), the American Institute of CPAs (AICPA) and/or the National Association of Enrolled Agents (NAEA).

What Services Do We Offer?

We will help you solve a number of tax problems. Possibly you are looking for a company that will aid you in your un-filed tax returns or a looming tax audit. You are in the right hands for such services.  If the IRS is seizing your property and/or garnishing your wages, we are also there for you. For those people who are unable to pay back taxes, we will make the necessary negotiations with IRS, so that you can settle your tax debt through an installment agreement.

In some circumstances, the IRS offers programs for taxpayers to pay a fraction of the actual tax debt owed.  At Talon Tax we are very well versed in use of offers in compromise and can make a determination as to your eligibility.

What About Our Affiliations?

We are affiliated with several regional and national tax relief organizations such as the American Society of Tax Problem Solvers and the National Association of Tax Resolution Companies. Together with these organizations, we ensure that taxpayers are well informed and equipped with knowledge and tools to both avoid and minimize federal tax debt.

Contact Talon Tax today for all your debt relief needs.
<![CDATA[Finding the right tax debt relief programs]]>Tue, 27 May 2014 21:07:31 GMThttp://www.talontax.com/debt-forgiveness-blog/finding-the-right-tax-debt-relief-programsVirtually every person experiences stress and anxiety when it comes to paying taxes. The anxious feelings can worsen if around tax day, April 15th -- especially if you are obligated to repay back taxes to the IRS.

Overdue Tax Returns

When you don't submit your taxes on time to the IRS and are required to pay money to the IRS, your tax return is considered delinquent. There are many reasons individuals fail to file their taxes punctually, including job loss and divorce. Whatever your reason, you need to know that it is never too late to file a delinquent tax return, and it's also never late to work out an arrangement with the IRS for repayment.
irs debt relief program houston tx
IRS Back Tax Penalties

Penalties for not paying your taxes can be rigid and can include jail time and/or additional fines. Fines can reach up to $10,000 for each year that your return is considered overdue. Other penalties could include wage garnishment and tax liens and levies. If you owe a large amount of money, you should seek advice from a tax expert and/or a tax lawyer. Talon Tax is an example of a tax relief firm that can provide these services to individuals and businesses. We can help you explore your alternatives and bargain with the IRS on your behalf.

Safeguarding Your Rights and Your Assets

If you owe the IRS back taxes, you are not alone. Many people find themselves in the same situation. The best and only means to avoid further troubles is to know the law and your rights. You may need to make full or partial payments, or file for non-collectible status. Either way, do not allow wage garnishments, frozen assets, tax levies, tax liens, and fines to become a part of your life-- take the first step today to resolve your tax debt and safeguard your economic future.

Know Your Options

There are numerous IRS back tax relief methods available. If you are incapable of making any sort of repayment towards your tax financial obligation with the IRS, you may qualify for just what the IRS calls "existing non-collectible status." On the other hand, if you can manage to make some sort of payment, your best bet is to negotiate the IRS and work out a settlement arrangement. In the most severe cases, tax amnesty is another option. Tax amnesty is the best choice if you are facing possible criminal charges, but you are able to submit your income tax return before the IRS officially submits the charges. Regardless of your situation, contacting the IRS as soon as possible should always your first step.

Learning More About Tax Relief and Repayment Options

When you establish a repayment plan with the IRS, the monthly payment amount will likely be based on your income, the overall quantity that you owe, and several other factors. If you fall behind on repayment, you might deal with wage garnishment, the freezing of assets, including your checking account, and other fines. This is why it is so important to communicate clearly with the IRS regarding your present financial situation and why it could be necessary to seek out the advice of a tax attorney.

What is Tax Debt Relief

Tax relief does not mean you won't have to pay your taxes. Tax relief programs, are strategies that might help you decrease the total amount of tax you are obligated to repay to the federal government. These tax relief programs are 100% lawful, and they can be extremely helpful in lowering the amount of taxes you need to pay right away to the government.

1 Tax Installment and Current Non-collectible Status

Taxpayers sometimes in tough economic conditions that hinder their capability to meet their tax commitments to the federal government can apply for current non-collectible status. Skilled tax consultants, such as those at Talon Tax, can guide you through the qualification process. When under the category of “current non-collectible status," the IRS is recognizing that your financial health condition is so bad you cannot afford to make the smallest repayment. This is only a temporary fix though. Ultimately, when your current non-collectible status ends, you will need to make repayment arrangements.

2 Income Averaging Relief

Income averaging relief is a program for individuals facing tax debt that makes the repayment plan based on your income. With income averaging, the IRS uses your previous income in past years, as opposed to your present income level, to determine your current tax liability. This may be useful if your income degrees often fluctuate extremely from year to year.

3 Upright Spouse Relief

The IRS wants to collect back taxes from you because, for the tax year in inquiry, you did not mention all the income your partner made that year. Upright spouse relief is common for separated couples. To qualify, you must prove that you had no knowledge of the underreporting of your joint earnings-- a tax specialist could help you determine if you might qualify. In some cases, you may not have to repay any of the overdue taxes if you found not responsible under this rule.

4 Tax Amnesty

"Tax amnesty" is usually confused with complete forgiveness of tax obligations. The tax amnesty program, which is also referred to as "Voluntary Disclosure Policy," is a program that was created to end the prosecutions of taxpayers, if they submit their returns and back taxes before the IRS actually files a criminal report. If you think that the IRS may prosecute you for some tax-related issue, try to fix the problem as soon as possible so the IRS will not attempt to prosecute you.

<![CDATA[What is tax debt relief - licensed professionals can help]]>Wed, 21 May 2014 21:52:33 GMThttp://www.talontax.com/debt-forgiveness-blog/what-is-tax-debt-relief-licensed-professionals-can-helpIRS Offer in Compromise - Choosing a Tax Professional

An Offer in Compromise is a formal way to negotiate your tax debts with the Internal Revenue Service. It can also turn into a lengthy and lengthy procedure. It takes many people anywhere from 12 months to 24 months to accomplish a successful resolution on your offer application. The odds of prospering are slim. Only about 16% of candidates succeed in minimizing their debts through the Offer in Compromise program.

Through an Offer in Compromise, taxpayers accept pay the IRS only the sensible collection prospective instead of the sum total of taxes owed. For some individuals the "reasonable collection capacity" will be less than the full amount of taxes owed-- often far less. Some taxpayers will not qualify for an Offer in Compromise

Because of the complexity of submitting an Offer in Compromise, lots of people seek the assistance of tax experts. Usually, looking for professional insight for an Offer in Compromise is extremely recommended. Here's how to shield yourself and find the right tax professional for you.

Picking a Tax Professional to manage your Offer in Compromise.

Lots of taxpayers hire a tax expert to prepare their Offer documents and to work out with the IRS because of the complexity of the Offer in Compromise process. Tax specialists charge anywhere from $1,500 to $3,000 or more for exact and comprehensive Offer in Compromise representation. Your tax specialist should be admitted to practice prior to the IRS due to the fact that an OIC likewise includes working out with the IRS. You ought to be searching for a tax lawyer, Certified Public Accountant (CPA), or Enrolled Agent (EA), to handle your Offer in Compromise.

<![CDATA[How to Protect Your Business From IRS Liens ]]>Tue, 13 May 2014 22:46:56 GMThttp://www.talontax.com/debt-forgiveness-blog/how-to-protect-your-business-from-irs-liensAn IRS tax lien can have a serious impact on a businessperson's ability to thrive and make a profit. People who are impacted by this sort of action find it difficult to get a loan, they cannot sell property that they own and they cannot easily access funds in their accounts. All vehicles which are part of a business are also affected by liens against the owner of the property.

The government can lay a legal claim against buildings or land that you own whenever you do not pay a tax debt. If the IRS assess your liability they will send you a notice indicating that you need to make payment. If you ignore it, you are likely to face this situation. In addition to placing a lien on your property the government will also file a notice against you. This makes your other creditors aware that the IRS has a claim on your assets.
If you own a small business and owe taxes, you may feel overwhelmed by demands for payment. Business people who have had to deal with the implications of an IRS lien usually seek advice from reputable tax professionals. If you are faced with this sort of action, it is important to get help quickly and develop a good strategy for dealing with the problem.

Paying off your debt is the best way to deal with a lien. However, this may not always be a good option, especially if you are unable to access enough cash to do that. The IRS may also be willing to do a Discharge of Property and in that case, some of the assets that you own will be exempt from the lien.

If you need a loan to fund your business or are interested in getting a mortgage for commercial property, Subordination may be a good alternative. This allows other creditors to take precedence over the IRS. Under certain conditions you may also be eligible for having the government remove the public notice. This is called a Withdrawal and is an option for taxpayers who have entered a Direct Debit agreement for installments.

Most small business people do not know all of the alternatives that they have. Do not ignore the notices that are sent to you. Interest will pile up and your debt will grow. Government officers may even show up at your business place at a time that could be embarrassing for you. It is important to protect your business accounts, vehicles and inventory by getting help.

Experienced tax professionals at TalonTax.com can help you to keep the doors of your business open. They can help you to negotiate with the IR and develop a payment plan. They can also help you to access other solutions which may be offered to business people in your position. For example, businesses that are facing financial problems may sometimes receive an offer in compromise. Call TalonTax.com today and learn more about your options.

<![CDATA[How to Recognize Fraudulent Tax Relief Companies]]>Fri, 02 May 2014 19:55:30 GMThttp://www.talontax.com/debt-forgiveness-blog/how-to-recognize-fraudulent-tax-relief-companiesFraudulent tax relief companies often make millions of dollars within a short period of time by stealing gullible taxpayer’s hard-earned cash. These companies use a number of methods to operate their scams. They woo taxpayers by misleading them though deceptive advertising and use misleading business practices.

Tax relief companies are supposed to follow the rules set by the IRS in minimizing the taxpayer’s debts. The intention of the IRS is to collect the total tax amount, and not to offer tax relief to individuals who are already in tax arrears. If you owe a tax debt, there are options, however, be wary of over-promising. Tax relief companies that make outlandish claims are often ones to avoid.

If taxpayers are equipped with the right information, they can not only avoid being duped and can file complaints with the relevant legal authorities.
Here are some of the ways in which taxpayers can recognize fraudulent tax relief companies:

First of all, unethical tax relief companies claim to offer great results. One huge red flag is when a company predicts instant success prior to even evaluating a customer’s financial statements. Guaranteeing that the IRS will approve an offer-in-compromise is no easy feat. Even the most qualified tax experts would not promise results.

Secondly, you may receive a call from an unauthorized person. According to the law, an unlicensed person cannot ask you to dispose your tax representation services. However, the fraudulent companies will promise you the world and then hand your case over to another person to handle it. To add salt to injury, the person who handles your case is paid on a commission basis and hence, will charge you for virtually everything.

Thirdly, they promise to have your tax issues solved very fast. You need to understand that any IRS process is characteristically slow. As such, fraudulent tax relief companies will promise to help solve your tax issues faster than realistically possible.

The unethical tax relief companies are always in a hurry to con you. Therefore, they do not analyze your case before recommending solutions. This can be a great way to recognize fraudulent tax relief companies. They will recommend solutions that seem extremely enticing and continue charging you for every little detail. They do not handle your case openly because they are only interested in making money.

Tax relief is a complicated process in which you need to make sure you are giving the correct information to the IRS to strengthen your case. Usually, it is advisable to contact a tax debt expert who understands the problems that you are likely to face during the tax relief process. TalonTax.com has proven to be a reliable tax relief company with extensive experience in handling various types of tax relief cases. By working with these professionals, you will put yourself in a better position to get out from the demands of the IRS and finally get the financial freedom you've always wanted.

<![CDATA[Why Use a Tax Debt Relief Company?]]>Thu, 01 May 2014 01:54:45 GMThttp://www.talontax.com/debt-forgiveness-blog/why-use-a-tax-debt-relief-companyWhen faced with big fines and charges on taxes owed, you actually must look for back tax aid and begin to eliminate the IRS with resolution solutions right for you. Make it a New Year's resolution or do it from sheer discipline but not replying to the IRS just creates more issues. Yes owing back taxes is difficult and can truly detrimentally affect your life. The main point is the fear of not knowing what may or will take place to you once the IRS has complete control over the scenario and your possessions. As intimidating and terrifying as the IRS is, you do have rights as a taxpayer to look for help and representation and you need to not let your rights be crushed or broken. By acquiring back taxes help from a respectable professional, you can be assured you won't be taken advantage.

The IRS does not care that you could not pay and will impose the payment of your tax debt with tax liens and afterwards tax levies. The IRS can levy your salaries (take cash out of your paycheck), levy your savings account (take your checking account), and seize your home. If you have actually not paid for years, it is important to comprehend that you ought to not undervalue the IRS particularly.
Tax Debt Relief Services: What to Look For

With many commercials for tax debt relief services airing on cable television, it's hard to know exactly what separates the legitimate companies from the rip-offs. Sometimes the trouble is that the business is new or the staff members are inexperienced and can not provide the guaranteed results. To avoid being taken in by scam artists, or being left with an even bigger debt by an unskilled company, make use of the requirements below to assess tax debt relief services.

An excellent indication of a legitimate tax debt relief business is exactly how long it has actually been established, the longer, the better. It is nice to know who is on the staff, or a minimum of who runs the business. Inspect to see whether the company has a physical workplace. The lack of a helpful About Us page or a physical address could show that the company is new or temporary, or that independent contractors will manage your case.


A complimentary appointment is practically standard, however a refund policy is less usual. A good business will provide a refund policy for things such as dissatisfaction or unused services. A fantastic tax debt relief service will provide to help with your un-filed income tax return or even apply for you.

Look for a business that has at least one tax attorney, signed up agents and licensed public accountants (CPAs). Tax lawyers concentrate on tax law and are practical on particularly challenging tax cases. Signed up representatives are accredited by the federal government and can represent taxpayers in all 50 states. They concentrate on translating the tax code and applying it to the appropriate scenarios. CPAs are accountants that have passed a certain test and have qualified in their state to acquire that title. All are good options for getting your tax problem fixed. Also ensure that the company offers services and is authorized to exercise in your state.

Tax Problems

A great tax debt relief service will provide help for numerous various types of tax problems. You will want to try to find a company that will help when you have unfiled income tax return or are facing a tax audit. Appearance for a company that works on these kinds of cases if you have a lien on your home or the IRS is garnishing your salaries and taking your home. If you find that your back taxes are just too high to pay, Tax debt relief services can also help.

Ask tax pros about their qualifications. A tax expert requirements to be a Certified Public Accountant, Enrolled Agent, or tax lawyer. More tips on finding a tax professional.

You want your tax pro to concentrate on methods and arrangement with the IRS, and less on regular data entry and documentation. Ask your tax pro what documents and IRS forms you can fill out yourself, to decrease the your total charge.

Filing late tax returns and changed returns

If you have not filed your taxes, you are generally in a more useful position. That's because you can still take every tax reduction you are legitimately entitled to in order to decrease your tax liability. More ideas on filing back taxes.

If you've already filed taxes, your tax professional should quickly assess those returns to identify if they are precise and if you were entitled to deductions you overlooked. Generally speaking, you'll desire your tax specialist to recover a total set of documentation from the IRS and compare that info to the tax files you already have.

<![CDATA[Steps to Take for IRS Tax Debt Relief]]>Fri, 25 Apr 2014 22:44:20 GMThttp://www.talontax.com/debt-forgiveness-blog/steps-to-take-for-irs-tax-debt-reliefNo one enjoys hearing from the IRS, especially in the form of a letter that claims you owe them money. Even worse, is when that letter states, not only do you owe your original debt, but now there's a penalty accruing.

There are a few steps to take if this happens to you. First, you’ll want to double check your returns; you might not owe that tax! Or, if it turns out that you are legally obligated to repay the tax, there are methods to deal with it that will not leave you broke or having the IRS take assets.

First, determine if the additional tax is legitimately owed, and don’t be surprised if tax penalties occur as part of your IRS tax debt assessment. Fines are largely calculated digitally, so there can be mistakes. A reassessment of your taxes will take out any of these kinds of errors. If you are low income, there are Low Income Taxpayer Clinics which assist citizens.
If you can not remove the tax or lower obligation by reassessing your income tax return, you can also seek out a citizen advocate which could assist you in taking care of the IRS. The Taxpayer Advocate is a neutral party that does not prepare or assess your tax information. Their job is to explain exactly what's being required of you, respond to whatever concerns you may have, sift through information from the IRS and aid you in the tax debt relief process.

While these outlets can be helpful, in the majority of cases, taxpayers who need assistance in dealing with tax liens and tax collections ought to seek out the advice of a government authorized tax specialist such as a tax attorney, approved public financial advisor or registered broker. This can cost money, but could help lower your overall IRS financial liability. Talon Tax is the best tax relief firm. Located in Houston, Austin, & San Antonio Texas, they have years of experience and can lead you through the entire process seamlessly. They specialize in tax relief, and they can give you the upper hand when dealing with the IRS. Instead of feeling distraught and lost, their services will make you feel confident and empowered, leading you to successfully resolving your tax debt.

Second, once you have verified your IRS debt amount, focus on learning about the repayment options available. Compromise agreements can be worked out for IRS tax debt relief. It can be that the taxes are suspicious as to their nature or that the person responsible will certainly never be able to pay off the charges or maybe there are other extraordinary scenarios. You can make installment payments, or you can also make a settlement offer, which could minimize the money you are required by law to repay, often dramatically. Payment strategies can be established as a type of IRS tax debt relief. These options are suitable for individuals or companies who have assessed large quantities of taxes and charges due to errors or mistakes in their accounting. You could also request to be placed in "Currently Not Collectible" (CNC) status. The IRS will certainly not pursue collection activity if you are labeled CNC. This is a helpful program if you are on a reduced income. Keep in mind, however, that there are requirements you must fulfill to qualify for these choices. An additional repayment period could likewise be requested for extenuating circumstances such as a fatality or various other distressing situations. Of course, paperwork proving the situation must be provided as part of this request.

Third, know your rights. Read the leaflets that accompany your tax lien letter. They clarify your citizen rights, and you must not neglect them. They are there for your benefit. Learn your civil liberties and don't be intimidated. The IRS is not the company it was years back. It can be argued that they have striven to establish a kinder, gentler approach to dealing with taxpayers.

Finally, if you ever have any doubt, contact a tax professional or lawyer specializing in tax debt relief. Professionals can be handy in numerous areas consisting of wage garnishment, tax liens, levy and tax seizures as well as many other problems you might be having.
<![CDATA[How to Overcome Spousal Tax Debt]]>Thu, 24 Apr 2014 19:33:18 GMThttp://www.talontax.com/debt-forgiveness-blog/how-to-overcome-spousal-tax-debtHaving trouble with the taxman (IRS) can be very frustrating especially when you have no experience in dealing with tax matters, or have no idea where to begin. Every year, millions of Americans often find themselves in trouble with the Internal Revenue Service (IRS) but do not know how to handle the situation. While most cases can easily be solved in no time, others are complex and require someone with thorough background knowledge on the subject to help.

Below is how to overcome spouse tax debt relief.

When confronted with complex tax matters, it is advisable to seek professional help as soon as possible. Waiting longer may only land you into more trouble than you already are in. As a debt relief company, Talon Tax will help you –as a consumer – to deal with spouse tax debt relief. Dealing with marriage, divorce, and separation is enough headache already and adding your spouse’s tax debt is a different matter altogether.

Even if your marriage does not turn out as expected, you do not have to keep paying for every single mistake caused by marriage and divorce or separation. Luckily, even the IRS understands this and has a Relief provision in place for spouses not directly responsible for this kind of debt (otherwise known as IRS Innocent Spouse Relief).

Before you decide to pursue this option, it is perhaps important to first determine if you will qualify for this type of arrangement. Talon Tax will help you determine if there is a possibility of pursuing this option. Requesting IRS Innocent Spouse Relief, for example, means that you are applying to be relieved of paying your spouse’s tax burden, including penalties and interest accrued if your spouse failed to file proper tax returns.

If this is determined to be the case, the IRS will then assess all of taxes owed to the spouse responsible, including penalties. You may be eligible for several years of spouse tax debt relief. Either way, qualifying for this type of tax relief or negotiating your way through it is not an easy task. That is why you need professional help. Talon Tax will not only help you determine the eligibility requirements, but also guide you through the process to successfully receive this spouse tax debt relief. Among other factors, we will help you evaluate the many variables that determine your eligibility for qualification for this kind of tax relief. It is important that you do this with the help of a professional so that you get all that you are entitled to.