Non-filed Tax Returns
There are practically unlimited reasons why tax returns may be unfiled for several years in a row and our firm provides all the necessary tools, consulting and services required to keep your tax “health” status in compliance with the IRS. After researching the situation we will determine the right plan moving forward. We will also consider your plan moving forward to remain in compliance.
Back Taxes Owed
Whatever the cause of your deliquency, Acuff Tax Services is committed to getting your compliancy back on track. Acuff Tax Services will work with your records to complete the un-filed years tax reporting. Solutions for filing and payment of taxes owed will be implemented as far as setting the stage for compliancy going forward.
One of the bigger penalties that the IRS can place upon individuals, families and businesses with delinquent taxes owed is to seize property as part of collateral. No one wants this to happen under any circumstance and Acuff Tax is committed to doing everything possible to avoid having the IRS seize any of your property. This may involve any mixture of consulting, tax planning and IRS representation, but we will do everything we can to help individuals, families and businesses keep their properties from being seized by the IRS.
IRS Liens and Levies
Tax liens and levies are the government’s legal claims and processes used to seize your property when delinquent taxes being accruing enough to bring you to their attention. They are part of the process the IRS uses to gain back what they are owed and as a method of putting pressure on citizens to pay. As we mentioned above, Acuff Tax is committed to doing everything possible to avoid having the IRS seize any of your property and will represent you properly if it comes to that.
IRS Wage Garnishment
Another method the IRS uses as an alternative to, or as an addition to, seizing property is having a substantial portion of your income salary go towards paying off back taxes before you even receive your paycheck. For some, this is as bad or worse than having IRS seize property and Acuff Tax will, again, provide every necessary tool, service and option to avoid this penalty as best we can.
Payroll Tax Problems
One less common issue that businesses and some individuals face are problems in being able to pay taxes as part of general payroll payout each week or two weeks. There are several ways this can happen and can manifest that could lead to IRS seizure of property. Acuff Tax Services is equipped to help provide business entities with what they need to handle proper tax accounting for employee payment and avoid IRS sanctions as best we can.
Bankruptcy is a scary word for practically anyone and most definitely those who are having issues in being able to pay their taxes, but it can be an option nevertheless. Common types of bankruptcy are Chapters 7, 11 and 13 and they can provide protections but also complicate your personal finances in a lot of different ways for a long time to come. In helping navigate or avoid bankruptcy all together, Acuff Tax Services is your most reliable ally in being able to get through it in the best manner possible.
Innocent Spouse Relief
This is a tax avenue that can be considered to help relieve one spouse of a jointly-held tax account the stress and responsibility of tax-related problems. Naturally, this is a complicated process that the IRS does not make easy or easily available for all items, but Acuff Tax is professionally knowledgeable and qualified to help guide you and your spouse through the process and represent you to the IRS if needed.
Offer In Compromise
The IRS defines Offer In Compromise as, “An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay; Income; Expenses; and Asset equity.” If this is an option you would like to consider as a tax resolution, Acuff Tax can provide fully professional and qualified representation and assistance in compromising with the IRS.
IRS Tax Audit Representation:
During an income tax audit or examination, the IRS allows an authorized representative. Acuff Tax Services will help present the strategy to defend the tax payer’s circumstance and position. We help prepare documents, attend all meetings and handle all communications as your representative.