Expert IRS Representation
IRS Tax Problems?
Get Help From our IRS Certified Enrolled Agents for Expert IRS Representation
Here’s what we do for you:
- Reconstruct tax records if you’ve misplaced these documents
- Prepare and submit non-filed tax returns
- Negotiate with the IRS on your behalf
- Submit an offer in compromise to the IRS
- Arrange installment agreements with the IRS to pay back taxes owed
- Represent you throughout the tax preparation and collection process
Call our expert Enrolled Agents for filling your Back Tax returns, we can get you back in the system worry-free.
Get IRS Tax Levy Released Now!
Levies can do a lot of damage and even ruin your life. A levy is the IRS’s way of getting your immediate attention. What they are saying is that they have tried to communicate with you but you have ignored them. Levies are used to seize your wages and whatever other assets you have. If you own it, they can take it. That includes checking accounts, autos, stocks, bonds, boats, paychecks, and even Social Security checks!
Imagine waking up one morning and finding all your bank accounts have been cleaned out. They will take every dime. If this amount does not cover what is owed, they’ll keep taking your money until you cover your tax liability. They know that levying your bank account will cause checks to bounce, alerting many people that you have tax problems. But they don’t care! Their sole objective is to collect the taxes owed.
As bad as that is, a worse method is a wage levy (or garnishment). That’s when most of your paycheck goes to the IRS; they don’t leave you enough to pay the bills, and this happens every week until the debt is paid.
If that doesn’t accomplish what they want, they’ll pull out all the stops. They’ll seize your assets, and sell them at auction. That includes everything you own: home, cars, boats, jewelry, motorcycles, insurance policies, retirement funds, and anything of value.
We are often able to get those levies released and help you get out of this terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew. We are affordable IRS Enrolled Agents, and our team can stop the IRS Levy and settle your case with the IRS at the same time.
Received mail from the IRS
When you have received mail from the IRS, our experts at Lakeline Tax can help you understand and fix the issue being addressed.
Stop IRS Wage Garnishment Now
Suppose you received an IRS Notice of Intent to Levy 30 days ago and you forgot or ignored it. Now it’s payday. Expecting a check, you open the envelope and find that the IRS has taken most of your money. What’s left is not enough to pay the rent, car payment, buy groceries, or pay the rest of your bills. This action will continue on every check due until the taxes owed are paid in full.
Now you’re in big financial trouble. No matter how hard you plead with your employer they cannot give you your money. Once a wage garnishment is filed with your employer, your employer is required by law to collect a large percentage of each of your paychecks.
We are regularly retained to negotiate the release of IRS wage garnishments by arranging a payment plan. The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments. We can help to stop the wage levy garnishment and settle your case all the same time for an affordable price.
Tax Audit Help
We are one of the best and most experienced IRS Tax Problem Resolution experts and will give you the most experienced and successful IRS Tax Audit Help.
Back Taxes – Fixed Up!
You have filed your returns but didn’t have the money to pay what was owed. You may think, “Oh well—I will catch up next year.” Before you know it, you find yourself several years later and suddenly there is a notice from the IRS, stating that you owe three or four times the original amount.
It’s truly amazing how fast tax penalties and interest add up. Now you have a choice: you can write a big fat check and pay the full amount, including interest and penalties, or you can just keep ignoring them while the penalties and interest continue to add up.
IRS Tax Liens
Federal Tax Liens can really make your life miserable! When your taxes are not paid, the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own.
The lien can be against you, your spouse, or your company. A lien against your company would seize your accounts receivables. At this point, everything you own is just one short step away from becoming property of the United States Government.
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home. The banks don’t want the extra work when the IRS comes in to take your money.
With a Federal Tax lien on your record, you can’t get a reasonable loan to purchase a car or home. Think about paying 18-22% interest on a car that is already too expensive. You definitely cannot buy or sell any real estate. The list is endless, but we can help.
Tax Settlement or an Offer in Compromise
Did you know that you can settle your debt with the IRS for less than the full amount you owe with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).
Often, it is possible to fully eliminate the taxes you owe – including all penalties and interest – at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt, especially if your offer is done “right.”
If done correctly, your debt may be settled for only 5-15% of what you presently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer. An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.
BEFORE YOU WASTE MONEY ON A TAX LAWYER…
Most tax issues can be resolved without the expensive hourly rate of tax lawyers.
Lakeline Tax and Bookkeeping Services can help with tax audits, big or small—not only in representing your best interests in the audit, but in resolving any liability that may result, as well as guiding you to help avoid future audits and liabilities. Whether you are seeking representation or preparing to face this alone, you should read on to educate yourself on the hidden dangers of being under audit.
Our Lakeline Tax services specialize in IRS tax problem resolution, IRS collections defense, and IRS installment payment agreements for businesses and individuals
Our enrolled agents are specialists with up-to-date knowledge of complex tax laws, tax rules for a wide range of businesses, and are experts at representing taxpayers before the IRS. The IRS can impose penalties and interest, as well as file liens and levies against your wages, bank account, and property. If the case is not represented properly, it could be the marginal difference in winning or losing your case.
Many taxpayers do not want to face this alone. Our enrolled agents will work with a team of other experts in tax accounting to represent you in front of the IRS.
From simple to complex tax issues, our credentialed Enrolled Agents will represent and resolve your issues with the IRS.
Our professional help can both help you solve your problem and reduce the anxiety of dealing directly with the IRS. Every taxpayer has rights and our talented team of EAs will work hard to uphold your rights and fight for a fair solution to your IRS problems.
The Internal Revenue Service (IRS) has the authority to verify the information provided by the taxpayer in a tax audit. In a tax audit, the taxpayer will be asked to show complete records and prove that all of the provided information is accurate. In some situations, the questioning line of the IRS tax audit may become too difficult for you to answer.
To avoid such an incident, it is always recommended to have an IRS-certified Enrolled Agent represent you when you are called for a tax audit.
IRS Tax Return Audits depend on many factors. Most of the time, your case is selected simply because you failed to report all of your income sources or you took too much advantage of the tax deductibles. It depicts that you have to go through an income tax return audit as well. Moreover, when it comes to the tax audit, even the slightest discrepancy may put you under the IRS radar.
If you receive letters/notices from the IRS for audits, please contact us as soon as possible, and we will do our best to resolve the issue with the IRS.
An Enrolled Agent is a tax specialist authorized to represent taxpayers before the IRS. Enrolled Agents earn their credentials after passing the three-part IRS Special Enrollment Examination (SEE). A former IRS agent can become an enrolled agent without taking the SEE, but needs to have at least five years of experience in interpreting and applying the tax code as an IRS employee.
Even though certified public accountants (CPAs) and tax attorneys can also represent taxpayers before the IRS, the status of an enrolled agent is the highest credential awarded by the IRS.
Qualifying Criteria of Enrolled Agents
The SEE exam for enrolled agents has three parts:
- Individual Tax
- Business Tax
- Representation, practices, and procedures
The applicant must achieve passing scores in all three parts in order to earn their credentials.
Applicants are required to undergo a background check before enrollment to ensure they have been compliant with tax law and do not owe taxes. If the IRS finds that an applicant failed to pay taxes on time, has a tax debt, or was involved in tax avoidance or evasion, the agency may choose not to enroll the applicant.
All enrolled agents are required to complete the 72 hours of continuing education courses every three years. They must also follow the ethical standards set by the agency.
Representation Rights and Abilities of an Enrolled Agent
An enrolled agent has the freedom to choose to handle any type of tax problem. They can represent any taxpayer before the IRS and choose the IRS offices before which they represent their clients. They have unrestricted rights to any administrative level of the IRS.
Enrolled agents, because of their specialized knowledge of the tax code, as well as their experience and expertise in resolving tax problems, are hired by taxpayers for IRS representation. Enrolled agents prepare a tax case, represent it before the IRS, and negotiate its terms to achieve the most favorable resolution to a tax problem. As enrolled agents are required to renew their status every three years, they are current with the tax laws, tax codes, and IRS policies.
Enrolled agents develop their skills and knowledge through continuing education required by the IRS. Under the continuing education requirements, the IRS necessitates enrolled agents to obtain 72 hours of continuing education every three years, along with a minimum of 16 hours for each enrollment year. Two hours are on ethics or professional conduct.
To practice before the U.S. Tax Court, an enrolled agent must pass the non-attorney admission examination. Enrolled agents that pass the exam can also practice before the United States Tax Court.
Ways Enrolled Agents Help Taxpayers
Enrolled agents help to analyze a tax case so that all possible methods of resolution are explored before the most suitable method is chosen. An enrolled agent’s experience in handing various tax cases makes a vital difference in the preparation of a tax case. It allows them to develop an approach that gets the most benefit for the taxpayer while minimizing the disadvantages for non-compliance.
Analysis and preparation of a tax case is performed thoroughly during the process of resolution to discover possibilities for achieving the most advantageous resolution. Taxpayers may hire enrolled agents to resolve their tax problems such as tax debt, collection actions, tax refund problems, audits, tax fraud, appeals, and issues with payment of taxes.
We constantly update our knowledge and keep ourselves current with the latest tax laws and develop new techniques to save our clients the most money on their taxes. Click here to check the Credentials and Qualifications for Tax preparation experts.
Lakeline Tax provides tax preparation services for everyone including Self-Employed Tax Returns, Business Tax Preparation, Individual Tax Preparation, Partnership & Corporate Taxes, Bookkeeping, Tax Planning, and Tax Resolution, serving Austin, Cedar Park, Leander, Liberty Hill, and surrounding cities, along with all 50 states. We utilize QuickBooks and are certified QuickBooks ProAdvisors. Get more done with us.