Forensic Accountant | Retirement Planning
Failure-to-pay-tax penalties can add up to 25% on top of your unpaid taxes. A federal tax lien can attach to your house, your bank accounts & investments, all your current & future assets as long as a balance on the lien is outstanding. Your ability to get credit is damaged, and your tax debt may continue even if you file for bankruptcy. A notice that your wages are being garnished is traumatic. To ensure the IRS is not making a mistake, your Utah IRS representation needs to be experienced in handling any tax situation that may arise.
Your Utah IRS representation should be handled by a skilled tax professional. You do have rights. You may qualify for alternative ways to settle with the IRS. The Utah IRS representation services we offer will be based entirely on your situation and needs. Some possible resolutions currently available include:
Innocent Spouse Relief – Each spouse who signs a joint 1040 tax return is fully responsible for both accuracy and payment of tax. A spouse can sometimes be relieved of some part of joint tax liability. The innocent spouse must show erroneous items were attributed to the other spouse, they didn’t know & had no reason to know of the understatement when they signed the return, and it’s unfair to make them liable in consideration of all facts & circumstances.
Installment Agreement – This option is available if you can’t pay the IRS everything you owe by the due date. The IRS recently changed rules so taxpayers owing up to $50,000 can request a payment plan without supplying a financial statement. Those owing over $50,000 with still need to provide the IRS with a Collection Information Statement.
Offer in Compromise – This is an agreement that can grant taxpayer relief to pay a lesser amount to settle than the total amount owed to the IRS. The detailed written offer allows the IRS to consider your ability to pay based on information such as your income, expenses and net worth.
Gary Kaplan is a CPA and licensed to represent taxpayers before the IRS and Utah. He has over 15 years of experience in Utah IRS representation, negotiations and tax liability resolution. We provide expertise you can rely on.
We provide a FREE initial consultation to every client. Give us a call at 1 (866) 643-3560 or fill out our FREE consultation form. We will contact you within 24 hours.
