The IRS is sending agents to your home - If you are a high-income taxpayer who has failed to timely file tax returns



The IRS posted a notice yesterday of their intent to send agents to your home if you are a high-income taxpayer who has failed to file tax returns.

Who can expect an IRS agent to come to their home?

The IRS indicated the following people can expect a visit from an IRS Revenue Officer:
They "are those who generally received income in excess of $100,000 during a tax year and did not file a tax return with the IRS."

Late Filing for Which Tax Years?

The IRS stated:
"IRS revenue officers across the country will increase face-to-face visits with high-income taxpayers who haven't filed tax returns in 2018 or previous years."

Why are they "visiting" people at their homes?

The IRS stated:
"These visits are primarily aimed at informing these taxpayers of their tax filing and paying obligations and bringing these taxpayers into compliance."
and Paul Mamo, the Director of Collection Operations, Small Business/Self Employed Division added:
"The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes. These visits focusing on high-income taxpayers will be taking place across the country. We want to ensure taxpayers know their options to get right with their taxes and avoid bigger issues later."

The Message?

The IRS stated:
Taxpayers who exercise their best efforts in filing their tax returns and paying or entering into agreements to pay their taxes deserve to know that the IRS is aggressively pursuing others who have failed to satisfy their filing and payment obligations.

Your Best Option?

The IRS stated:
"Taxpayers having delinquent filing or payment obligations should consult a competent tax advisor before waiting to be contacted by an IRS revenue officer, Mamo said. "It is always worthwhile to take advantage of various methods of getting back into filing or payment compliance before being personally contacted by the IRS."
I help taxpayers get into compliance with the IRS and avoid a visit at their home from an IRS Revenue Officer. The first thing we need to do is file your delinquent tax returns and get current on your payments to the IRS. Then we need to resolve your tax debts. You may qualify for an offer in compromise, an installment agreement or other resolution options. 

If you have not filed tax returns or have tax debts then you need to contact me and let's get started in alleviating the weight on your shoulders from your tax burden. I help people get caught up with filing tax returns and help them make arrangements with the IRS to pay those taxes. So contact me today using my contact information below to arrange an appointment and let's get going.




The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

Anxiety and Tax Problems


You Need HElp


There are a few stories about helping clients that I tell frequently and I just realized that is who I am. These stories are about clients who are very anxious. Several of my clients overcame their anxieties enough to call me for help. Many of these had not filed tax returns in many years and had a growing weight on their shoulders because they needed to file and make arrangements to pay their taxes. That is what I do and who I am. I help people overcome their anxieties and get those tax returns filed and make arrangements to pay their taxes.

Are You a Dynamic Person With Problems?

Are you a dynamic person who needs a stabilizing influence or presence to help you achieve your goals or for now just to take care of your tax situation? The CPA Superhero is your guy. My story, my history screams out Jeff, the CPA Superhero, is your tax guy. Really if you have a simple tax return you need to file and life is simple then I am not your guy. But if you are dynamic and have issues or need something then I am your guy.

I am Your Guy - ONe of My Stories

What is the story? There are several stories but I'll start with a good friend who I have done business with. He is a very dynamic guy and seems to have it together but there are always problems. One day I was in his office and his mom walks in and introduces herself and I introduced myself and right away she says "so you are the one."  Not a question but a statement.

My first thought was - What? What one?

She told me without knowing me and without any real conversation, "you are my sons grounding influence". Her son since then has started a business totally different from what he was doing at the time I met his mom and he has successfully franchised that business.

You may be saying but I am not that guy. I have problems. Well, so did my friend. At that time my friend had huge problems. He was working for someone who really frustrated him and he had a friend who also really frustrated him and we won't go into his family. All I did for him was be a friend and we talked a lot about his problems and he overcame many of them and became really successful with his business and is helping a lot of people. So if you have problems and have to file and pay U.S. income taxes and need help, then I am your guy.

Uno MAs Historia

Let me give you one more story. A lady with serious anxiety issues called me about her tax situation and explained that she needed to file years of returns and pay the taxes. Of course, people ask me all the time "how does this happen" that someone needs to file years of tax returns. It happens because people have problems. That is life. Sometimes it is a divorce, the loss of a job, the death of a loved one, or life just happens. For this lady she had problems following the death of her husband. That anxiety had caused many other problems and because someone told her about me she called me and I helped her.

She had financial problems on top of her tax situation. And here is the thing, when people need to file years of tax returns the tax preparer needs to get paid up front because if they have not paid the IRS they won't pay their tax guy either. But making that upfront payment is like committing to taking care of their tax responsibilities. In the case of my client she told me she did not have the money to pay me. So I worked with her and took half of the payment upfront instead of the whole thing and she borrowed the upfront half. Then she paid the other half a month later and I started her tax returns right away but I finished her tax returns after she had paid the other half. Today, she is in compliance with the IRS, has paid all of her taxes, and now has some financial security. Don't get me wrong, she still has anxiety and is kind of a mess emotionally but I still do her taxes and listen to her go on about her anxiety. Sometimes it drives me crazy and sometimes I tell her I have to end the call otherwise I have to charge her more. Well, that is who I am. The CPA Superhero is that guy. Not the charging more part but the listening and helping part within limits. The CPA Superhero helps taxpayers with their tax issues and the issues that go along with the tax situation and life in general.

So you have anxiety or other issues and you need tax help. Then I am your guy.

I have other similar stories but now you need to contact me and let's get started in alleviating the weight on your shoulders from your tax burden. I help people get caught up with filing tax returns and help them make arrangements with the IRS to pay those taxes. So contact me today using my contact information below to arrange an appointment and let's get going.



The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

Can I get an Installment Agreement for my tax debt


It is really stressful when you realize you owe the IRS when you prepare your tax return or when you get notices from the IRS. How are you going to pay that tax bill? There are a few types of Installment Agreements that you may benefit from to resolve your tax situation with the IRS.

I help taxpayers all over the world to resolve their tax issues with the IRS. In each case it is required that you are currently in compliance with the IRS. So no matter which installment agreement may fit your situation or an offer in compromise, before requesting one of these options you have to be in compliance with the IRS, which means you must be current with filing your tax returns and making your tax payments.

Here are some of the types of Installment Agreements that we may be able to get you into.

  • Streamlined: The advantage of the streamlined installment agreement is that you don't have to provide detailed financials to apply for this arrangement. Qualifying for  a streamlined installment agreement depends on if you have been sent a notice from the IRS and if you have where your IRS notice came from. You may be able to qualify for this if you owe less than $50,000 and you can pay in full within 72 months. Or if you owe less than $100,000 and can pay over 84 months. Again it depends on where you are in the process with IRS notices and your situation. 
  • Regular: This will depend on your financial situation and if you can pay within the collection statute. This agreement will likely require that you disclose your the details of your financial situation.
  • Partial Pay: This may be an option if you can't pay in full with one of the options above. Under this arrangement if you qualify you may be able to set up an installment agreement based on your current financial situation and then your agreement will be reviewed periodically to see if you can afford to pay off the amount due faster. 

This is just a glimpse at what we may be work out for you with the IRS. In all these cases the first step is to get into compliance with the IRS. The IRS won't consider an installment agreement if you are not in compliance with filing your tax returns and making your required tax payments. If you are not in compliance I can help you get there and I can help you make arrangements to pay your IRS debts.

When resolving tax debts in addition to installment agreements you may also be able to benefit from an Offer in Compromise, Uncollectible Status, or even a bankruptcy.

To resolve your situation start now as it will only get more difficult as time passes. So let's get going. Contact me today using my email address listed below to arrange a phone conversation.



The CPA Superhero
jeff.jhtaxes@gmail.com
217-923-8007



Posts:

Be careful when reading about tax law and its application, including my articles, because the wording and definitions are such a challenge and are influenced by writers perspective, specifically his own clients situations that he is mindful of and other situations the writer is not thinking of. The point is talk to your CPA about your situation and circumstances and don't rely on or make conclusions based on articles you read, including articles form irs.gov, because concepts and definitions are not very clear, and of course, they are subject to change. Now is the time to be having discussions about your situation and developing strategies for you and your business. Again, contact me using my information above to discuss your situation. I help business owners all over the U.S. and in foreign countries with their tax returns.

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