Tax trouble sufferers know that worry is a constant companion, that their lives are stuck in helpless limbo because disaster is looming just over the horizon. Not knowing when tax trouble will finally catch up with them or how bad it will be is the worst part. It never seems like a good day to face this problem so the letters keep coming and the problem continues to grow.
Tax trouble can be caused by many things but the most common are self-employment, payroll taxes, divorce, illness, business failure, partnership disputes, and bad tax advice. Whatever the cause, tax trouble feels overwhelming and denial is a common solution.
IRS Collections
The IRS is one of the most aggressive collection agencies that you will encounter. Falling behind on taxes can lead to IRS Liens, Levies on bank accounts, seizure of customer payments, Wage Garnishments, Court Judgments, and potentially the forced closure of your business. If you are receiving IRS Notices or Intent to Levy letters its time to seek help from a tax professional. In my experience as a CPA handling tax trouble the worst strategy is to ignore these notices. There are many options available depending on your circumstances including amending tax returns to lower tax liability, establishing affordable tax payment plans, or obtaining an offer in compromise to reduce your tax debt to an amount that you can afford to pay. The first step is to contact my office and arrange a meeting to discuss your options. My firm is located in St. Louis, Missouri in the Affton area. The first meeting is free, and I’m on your side.
You want to get tax trouble out of your life and get back on track but you aren’t sure that you can afford tax help or afford to pay the taxes owed.
Take Control of Your Tax Problem
My meetings with tax trouble clients have shown me that people with tax trouble have a few things in common – they feel relieved and happy to finally take control of their tax problems and wish that they had not spent so many days worrying before taking action.
We discuss which records we need in order to file missing tax returns, we talk about possible tax deductions, we assess their potential for an offer in compromise and a range of payment plans, and more times than not we are rushing to avoid losing refunds! Often-times tax trouble is confined to one or two years but those years have stopped clients from filing for refunds in other years that could have been used to lower their overall tax debt and make the problem more manageable. In most cases you only have three years to claim a refund or lose it forever.
Accountant James Coats Is On Your Side
One of my favorite sayings is “if you find yourself in a hole the first thing that you should do is stop digging”. When you have tax trouble the first thing that you should do is to call and schedule a meeting with me to get started. My firm is located in St. Louis, Missouri, the first meeting is free, and I’m on your side. Come in and let’s discuss refunds, reduced tax debt, and an affordable way out of tax trouble.
Don’t delay, call our Saint Louis CPA at (314) 645-1614 to get started.