I.R.S. LIENS:

The I.R.S. Can Ruin Your Life By Filing Federal Tax Liens.

Federal tax liens are a public record that shows you owe back taxes. Liens are filed with the County Clerk of Court. Because these liens are public records, they will show up on your credit report. This makes it nearly impossible for you to obtain a car loan or home mortgage. A lien effectively freezes your assets to the point that you cannot sell or purchase anything. Issuing a lien is a drastic step that the I.R.S. takes when they tried to and failed to get the taxpayer to respond to collection letters. Ignoring the I.R.S. is the work thing you can do. They are not going to give up and go away.

I.R.S. PENALTIES

Each Year The I.R.S. Assess Billions Of Dollars In Penalties Against Taxpayers.

They charge penalties on top of penalties and double penalties. There are penalties for: failure to file; filing late; failure to pay; paying late; underpayment; there is even a penalty if you make a mistake writing down your social security number on the return and are off by one digit. To make matters worse, the I.R.S. charges you interest on the penalties and interest on the interest.

Penalties can be anywhere from 25% to 100% of the take owed and after they add on the interest you can end up owing triple the amount of tax. Penalties can be “abated” (erased/forgiven), but the I.R.S. will never do it voluntarily. You must have a representative who knows the tax code to petition for abatement.

OUR PRACTICE HAS ALWAYS concentrated on what we call “troubled tax” situations, especially in I.R.S. collection procedures. We have about 20 active collection cases at any one time and very aggressively represent our clients.

Most accountants avoid this type of work. This is because they are not well trained in it. They become very frustrated and actually do their client damage. But we love going toe-to-toe with the I.R.S. on your behalf.

We know what the I.R.S. can and cannot do and have dedicated our practice to protecting you from their awesome power. We know our way around the bowels of the I.R.S. as well as anyone and we can put that knowledge to work for you.

TAX RETURN PREPARATION:

We do not prepare tax returns to please the I.R.S. We prepare tax returns to insure that our clients pay the very least tax possible under the laws passed by Congress, as interpreted by the federal courts.

We prepare federal and state income tax returns (all 50 states), for individuals and businesses. We are adept at preparing complex returns involving complicated and unique legal issues.

Our clients have unusual and almost unlimited access to us. Each client has an extensive office consultation prior to the preparation of the tax return. We ask a lot of questions, and we will answer all of your questions, anytime. You will get sound and assertive tax advice and planning tips from us. We have the legal knowledge and the accounting expertise that you need.

Almost 50% of our new first-time clients end up asking us to amend prior year returns for them because they, or their accountant, overlooked (or never looked for) lawful deductions that they are entitled to under U.S. tax law.

EAs: The Taxpayers’ Tax Experts

Q: What does the term Enrolled Agent mean?

A: “Enrolled” simply means EAs are licensed by the federal government. “Agent” means EAs are authorized to appear in place of the taxpayer at the Internal Revenue Service.

Enrollment dates back to 1884 when Congress acted to regulate persons who represented citizens in their dealings with the Treasure Department after questionable claims had been presented for Civil War losses.

Q: What exactly do Enrolled Agents do?

A: Enrolled Agents specialize in taxation. Throughout the year, they advise, represent and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. In the United States there are over 34,000 enrolled agents scattered in the 50 states who prepare millions of tax returns each year. The National Association of Enrolled Agents counts over 8500 active members. Enrolled Agents’ expertise in the constantly changing field of tax law enables them to be effective representatives when tax-payers are audited by the IRS.

Q: How do Enrolled Agents differ from other tax agents?

A: EAs are the only practitioners who have demonstrated competence specifically in matters of taxation. Also, they are the only representatives for taxpayers who receive that right from the U.S. Government.

An individual may become an Enrolled Agent in one of two ways: The primary way is to pass a difficult, two-day examination given annually by the IRS. The test covers taxation of individuals, corporations, partnerships, estates and trusts, as well as procedure and ethics. Less than one-third of individuals taking the examination have passed, allowing them to apply for enrollment and subject themselves to a background investigation. 

The other way is to have been an employee of the Internal Revenue Service for five years, regularly applying and interpreting the provisions of the Internal Revenue Code and regulations.

Q: Are there other requirements?

A: In addition to the stringent testing and application process, Enrolled Agents earn 72 hours of continuing professional education, reported every three years, to maintain their status. Because of the difficulty in becoming enrolled and maintaining that enrollment, there are fewer than 35,000 Enrolled Agents in the United States.

Q: How can I find out more about Enrolled Agents?

A: Contact a local Georgia Association of Enrolled Agent Member or – www.4gaea.org