Affordable Care Act Cuts
Lower Tax Refunds for Affordable Care Act Recipients A significant benefit of the Affordable Care Act (ACA) is the opportunity to receive money-saving tax credits up front to cut the overall cost of health insurance, but now hundreds of thousands of consumers could...Free Consultation Request
HELP FOR TAX PROBLEMS
IRS Payment Plan – An IRS payment plan is typically a monthly payment plan set up to pay back your tax liability. We know the what the IRS guidelines are regarding what monthly payment amounts they will accept and the time frame they will accept it in. We will need a full financial profile from you before we can negotiate an IRS payment plan on your behalf.
Offer in Compromise – We can negotiate an offer to the IRS to lower your total tax liability owed due to certain financial constraints. Although this is a seemingly quick and easy solution, it is not always effective or the best solution.
Currently Not Collectible – If you are unable to pay the IRS taxes you owe due to a lack of assets and low income or no income, the IRS may consider you to be “Currently Not Collectible” and agreeto waive your tax liability for a period of time.
Penalty Abatement – The IRS adds interest to and penalty fees to over due tax liabilities so that, over time, your past due taxes owed can amount to thousands of dollars above the original amount owed. The IRS can sometimes be persuaded to reduce or waive the interest and penalty fees if they receive a professionally written and convincing request to do so.
Levies or Wage Garnishment Release – When you owe the IRS, they will collect the money by any means possible. They can take all your assets and belongings to auction off or sell, they can place a levy on your bank accounts, they can garnish your wages by up to 70%. AAA Tax & Accounting can negotiate your case with the IRS and get these levies and garnishments released in as little as 4 days, in most cases.
Audit Representation – If you have received an audit notification from the IRS, it is very important to be represented by tax professionals who can find issues and problems in your case before the IRS does and fix them. If you had an audit in the past that you feel was ot handled properly, we can have it reopened.