Friday, December 29, 2006

Great Tax Law Firm that will help with your tax problems

This is copied from the homepage of Progressive Tax's website, they are very good, and come highly recommended by many people that I know.

www.progressivetaxgroup.com


Progressive Tax is dedicated to helping Taxpayers in their time of crisis. We are here to help you find the best solution available in order to help you resolve your tax problems quickly. We recognize this is a difficult time for you and you are looking for help.

Our experienced tax attorneys and associates will treat you with care in this stressful time of your life.

We recognize this is often a confusing, frightening and sometimes embarrassing time for clients and we resolve to help you through your tax problem with compassion and understanding. With Progressive, you get straight answers to your questions and our forward thinking positive attitude about how we can help you eliminate your debt now and plan for your future.

We will quickly evaluate your case with a review of the facts, which will allow us to provide you with the options and solutions available for you. We will give you a proven strategy for solving your tax problem in a timely and professional manner. We are proud of the help we have provided to our clients and look forward to helping you get the best possible solution for your problems.

We will work with the IRS or state tax authority on your behalf, so you don't have to. We have the experience and knowledge to help you avoid their "collection techniques" and find the best path through their confusing processes to gain the best outcome available. The tax collection experts at the IRS have one job and that is to collect information from you in order to collect the maximum amount of money from you as quickly as possible. They are not required to help you or advise you, but work for the IRS to collect money from YOU.

With Progressive, you will get communication access to the people working on your case. You will be encouraged to speak to us regarding your case, ask questions, and be comforted by the knowledge that the people working your case care about you. If at any time you have any questions, please do not hesitate to ask, we are here to make this process as easy as possible for you.

At Progressive Tax, we encourage our clients to do themselves and their loved ones a favor by exercising their right to have our expert representation represent them before the IRS. From our years of experience, we know that waiting only makes matters worse. Once a client retains us, we take over all communication with the IRS. In taking this first step, our clients no longer have to worry about getting that dreaded knock on the door, and can begin sleeping at night.

Thursday, December 28, 2006

Of course more tax information

Many taxpayers just want to know what type of information is in their IRS file without fear of drawing attention to themselves. Congress passed legislation (FREEDOM OF INFORMATION ACT) that requires government agencies, including the IRS, to disclose such information when requested.
Freedom of Information documents can also be used to explain why, how, when and where a taxpayer's IRS problems started.
Having this information is helpful as it discloses the IRS information used to assess taxes, penalties and interest against the taxpayer.
Any taxpayer having difficulty in sorting out what the IRS is doing to them should consider using the FREEDOM OF INFORMATION ACT to obtain their IRS files.
Often the information you receive can help the taxpayer better understand their IRS problems.

Irs payment plans...

If you are unable to pay your entire tax bill when it is due, IRS Installment Agreements can help you pay off your tax debt over a period of time in the form of an installment loan agreement. Typically, IRS Installment Agreements takes five years or less to complete. The monthly payments are based on how much you owe and how much you can afford to pay each month. The IRS may grant extensions to your installment loan agreement under certain conditions.An Installment Loan Agreement with the IRS is a great solution for taxpayers who can afford to fully pay their tax debts if allowed to spread out the payments over several years. It is an alternative if you do not qualify for an Offer in Compromise. The IRS charges interest and an application fee when they accept tax payment by way of IRS installment payment plans, but these IRS installment payment plans can help you resolve your inability to fully pay your taxes in one payment.In order to qualify for a payment plan with the IRS you must meet the following rules and provide the IRS with this information:
You must have filed all tax returns (It's OK to owe money but you must file).
You will need to disclose all assets owned including all cash and bank accounts.
You must not have adequate cash available in a checking, savings, money market, or brokerage account to pay the IRS.
You must not have the capacity to borrow the amount owed to the IRS from other sources (i.e., a second mortgage on your home).
You must not have adequate equity in a retirement account from which you can borrow or liquidate; for example, IRA's or 401K's.The total dollar amount you owe usually dictates with whom the negotiations will be handled.
Typically, IRS Revenue Officers are not involved in cases where the amounts owed are less than $25,000.
The IRS will ask you to complete a personal financial statement and if a business is involved, you will also need a business financial statement.
The IRS has determined allowable monthly expenses for individuals, which will be matched against your actual monthly expenses.
The difference between your monthly income and your allowable monthly expenses will be the amount that the IRS will require you to pay on a monthly basis.

information provided by Progressive Tax Group