Chapman's Tax Service
TYPES OF TAX PROBLEMS
An IRS Trust Fund Recovery Penalty is when the IRS holds a person personally responsible for monies that a business may owe to the IRS for payroll taxes or other trust fund taxes. An IRS Trust Fund Recovery Penalty can lead to various forms of IRS collection activity. The IRS will issue a Trust Fund Recovery Penalty against anyone the IRS feels may be responsible – often times against those who have no responsibility or ability to pay. Some ways that we can assist you is to argue that the penalty was unfairly assessed against you – or that the amount assessed against you far exceeds your ability to pay.
An IRS Wage Garnishment is when the IRS sends a legal notice to your employer to legally divert a substantial portion of your net payroll to be distributed directly to the IRS to satisfy your tax debt. An IRS Wage Garnishment is not only incredibly embarrassing, but also typically excessive leaving you with not enough money to support yourself and your family. In many cases we can have IRS Wage garnishments reduced or eliminated by getting you compliant and utilizing one of the resolution services.
An IRS levy is the most serious forms of IRS collection activity. This is when the IRS physically seizes your assets such as your car, boat, home, business interests and anything else that has value. The IRS will also levy your bank account and will drain every penny out of your account up to the amount of the tax owed. Fortunately for you, the IRS does not take immediate possession of your bank funds and they are held for a short period so that you may have one final opportunity to correct the situation. In the vast majority of these cases we can negotiate with the IRS to release that cash levy and give you an opportunity to work towards resolution. You only have days to act so it’s important that you call us today!
An IRS lien is issued lay legal claim to assets which you may have an ownership interest in. Technically an IRS lien is not collection activity and instead serves to protect the government’s interest in your property. An IRS lien is the prelude to an IRS levy – in which case the IRS begins a process of seizing your assets. It’s imperative that you begin to address a lien as soon as it is filed. And IRS lien which goes unacknowledged can quickly turn into an IRS levy. We quickly get you into compliance by filing any back tax returns which may be outstanding and then we apply various resolution services to quickly resolve your tax problems.
Let’s face it – an IRS audit is about the scariest thing anyone will ever go through in life. Your IRS audit can be conducted through the mail, or a revenue officer can physically come out to your place of business and inspect all of your records. It is imperative that you provide the IRS with good records that agree to your tax returns. The IRS can use these audits as a way to fish more information out of you that will only make your situation worse. That’s why it’s imperative that you use a professional to represent you. We act as the barrier between you and the IRS to ensure that accurate records are provided and that no more information is given than what is required.