Tax Problems
Tax Problems
IRS Audit representation
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail.Audits take a significant amount of time away from your business and family, requiring you to gather mountains of records substantiating each and every item reported on your tax return and develop a thorough understanding of tax law.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don’t comply with the Auditors’ wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage.
The result of this audit can be a substantial tax bill and penalties. Do not go into this battle unequipped. At MMS CPA and Advisors, we specialize in dealing with IRS audits. Our team consists of EAs, CPA and US Tax court practitioners that specialize in dealing with IRS audits. Our CEO is one of only 122* people to become a US Tax Court Practitioner allowing us to offer an un matched level of expertise and knowledge in an IRS audit. Our highly capable team will devise and effective representation plan that fits your situation and effectively manage your audit to help you get out of this.
If our clients are concerned with the audit results, we are one of the few CPA firms that can take this battle to the next level and challenge the audit results. Allow our team to relieve the stress and hassle of dealing with the IRS auditor and save you from unnecessary penalties and tax bills. Allow our team to relieve the stress and hassle of dealing with the IRS auditor and save you from unnecessary penalties and tax bills.
Tax Penalties or Back Owed Taxes
It’s truly fascinating how fast tax penalties and interest can add up. Sometimes the penalties and interest can be three to four times of the original tax liability. If you owe back taxes or penalties, our experts will negotiate with the IRS to reduce or eliminate these penalties. If you have received a notice from the IRS regarding penalties or back taxes, contact us right away.
Payroll Tax Problems
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees’ withholdings. Not paying your company’s payroll taxes is tantamount to stealing your employees’ money in the eyes of the IRS.
As a result, penalties for failing to pay your payroll taxes and filing your payroll tax returns on time are much more severe than other types of penalties. They can drastically multiply the amount you owe in a very short time.
If you are behind on paying payroll taxes for your company, WATCH OUT!!! The IRS is extremely aggressive pursuing collection of this type of tax. They would rather seize your business assets, close you down, sell your assets at auction, and put you out of business than allow you to continue amassing additional payroll tax liabilities.
If you are behind on your payroll taxes, DO NOT meet with the IRS on your own. How you answer their initial questions can determine whether you stay in business or not. It is critical you hire a professional representative who knows how the IRS operates.
Non-filing notice
The IRS operates a sophisticated system of reconciliation. If you missed filing a return or a form on the return it is only a matter of time that you will find a letter in the mail stating that you owe a substantial amount of taxes and penalties.
If you wait for the IRS to file your returns for you, they are filed in the best interest of the government, usually with little or none of the deductions you are entitled to.
Non-filing can be a serious matter and the IRS can levy civil and criminal penalties. Let us give you the peace of mind you deserve by helping you get in compliance. If you voluntarily file your delinquent returns, you’ll likely avoid further problems other than having to pay the interest and penalties.
Once your return is filed we can assist you with the tax penalties and interest.
IRS Payment Plan
When you don’t have the funds to pay the taxes you owe it can be truly mind wrecking. Several taxpayers will wrongfully choose to not file the return causing several penalties and interest to be added to their tax bill.
If you have a tax debt and can’t pay, we will work with you to set up a payment plan or an extension for the taxes you owe, potentially saving you thousands of dollars in penalties and interest.
