We Find Solutions for Your Tax Problems
Owing a balance to the IRS is frightening, and it’s worse the larger the balance. It’s easy sometimes to feel that if you don’t open the envelope, then your balance doesn’t actually exist, but putting off that payment is one of the worst things you can do in this situation. The sooner you seek assistance from LBS Tax Services in Chandler, AZ, the sooner we can help you understand your options and resolve your balance. We can assist with various tax services, including IRS tax audits, bookkeeping, and tax preparation.
Many factors can contribute to tax issues, including natural disasters, the onset of a serious illness or disease, and loss of physical mobility. These can create financial devastation for you or your business. You may have paid the wrong amount in employee taxes, or your business’ revenue has slowed. Any of these scenarios can cause problems with paying your taxes, but solutions are available. There are laws and rules to assist you in making payments or other possible solutions. Much depends on the tax type and the timing of the overdue balance. We can explore the potential solutions and advise you on the best course of action.
Don’t Fall for Scams
Do not be scammed by late-night TV ads that claim they can save you pennies on the dollar. Most of those are false claims that after they have taken your money, they submit some forms and then the IRS rejects the offer. There is a specific reason why the IRS accepts pennies on the dollar, so if you qualify for those options, they are available to you. You do not need a high-priced, late-night commercial firm to sell you.
Freedom of Information Act Request
Navigating tax problems can be overwhelming, especially when dealing with the IRS. A Freedom of Information Act (FOIA) request may be necessary if you seek transparency and access to your tax records. At LBS Tax, we assist clients in submitting FOIA requests to obtain crucial information from the IRS, ensuring transparency and clarity in resolving tax issues. Our experienced team guides you through the process, helping you understand your rights and access the information you need to address your tax concerns effectively.
Wage Garnishments
Facing wage garnishments due to unpaid taxes can significantly impact your financial well-being. Wage garnishments occur when the IRS or state tax authority legally withholds a portion of your wages to satisfy outstanding tax debts. If you’re experiencing wage garnishments, taking prompt action to address the underlying tax issues is essential. LBS Tax Services specializes in helping individuals navigate wage garnishments, negotiating with tax authorities to reach favorable resolutions, and alleviating the financial burden on our clients.
Missed Deadlines for Tax Returns
Sometimes, things happen, and you miss the April 15th and October 15th filing deadlines. Missing a deadline puts you behind and causes anxiety for future due dates, and before you know it, another deadline is missed for the following year. We at LBS Tax understand that things sometimes go differently than planned, and tax problems happen. Let us take the stress out of unfiled tax returns and take that anxiety away.
Natural Disaster Relief
If your home or business has been damaged by a flood, fire, or other natural disaster, you may qualify for tax relief through the IRS. We can help you evaluate your situation to determine your eligibility.
Fresh Start Programs
The IRS offers more flexibility to people who owe taxes with the Offer-In-Compromise program. This program is designed for struggling individuals and allows for a settlement in which the individual pays less than the amount owed. The program’s purpose is to help taxpayers settle their debt with the IRS and put themselves back on track.
Appeals
If you disagree with the IRS over the amount you owe, we can help you file an appeal. These appeals are responsible for settling over 100,000 cases annually and can be highly beneficial. We’ll help you prepare your protest filing and explain the process.
Tax Credits
Hiring military veterans, reclassifying non-employees as employees, and paying health insurance for employees can result in additional tax credits for small businesses. Talk to us to find out how to take advantage of these programs.
Frequently Asked Questions:
Q: I haven’t filed in a few years and I don’t have my W-2’s?
A: We can help you get that information and help you recreate the data needed to file your taxes for those past years.
Q: What if I am not currently working?
A: We can let the IRS know and work with them to give you time to find a new job.
Q: What if we do not have enough money to pay the payroll taxes and I keep falling behind each month?
A: Call us immediately! Payroll taxes are one of the worst. Let us help you make a plan to stop incurring more penalties?
Q: Can you stop the IRS from charging so much interest and penalties.
A: It is possible, but we need to know more. In some cases the IRS charges those penalties so that people learn from their mistakes. But let us look at it, depending on the situation there are requests we can make.
Enjoy peace of mind when it comes to your financial health. Contact us today!