If you receive a letter from the Internal Revenue Service stating that you owe past due taxes, the first step is to find out why. If you forgot to file your taxes a few years ago for some reason or another, even though you have the why, the amount of your notice may not be accurate https://fasttaxhelp.org/letters-from-the-irs/. If you didn’t file your taxes three years ago and the Internal Revenue has mailed you Form CP14 notifying you of the amount you owe, along with any penalties and interest, this amount is based on what they have estimated you would owe if you would have filed your taxes. This is a very important point to remember: the Internal Revenue receives copies of all your W2s and 1099s and knows how much income you made. So, when you fail to file your return they file what is called a “Substitute for Return” or SFR based on the information that they have https://www.irs.gov/pub/irs-utl/2013_NTF_Dealing_with_SFRs.pdf. This does not include any deductions that you may have claimed if you would have filed your taxes on time.
Your best approach to finding out how much you really owe the Internal Revenue Service and what your best option is for repayment is to speak to a Tax Professional. We work with Tax Professionals that are Tax Accountants and Enrolled Agents with over 25 years of experience https://fasttaxhelp.org/2672-2/. They will listen to you and guide you through the tax maze. They are A rated by the Better Business Bureau because they pride themselves on finding the best solution for their clients. They can even assist with wage garnishments, tax liens, and bank levies.
Many of the tax companies that you see advertising on television charge a flat fee to assist you without even knowing what your problem is or whether or not they can help you. We do not work like that. We charge a small fee to obtain your tax transcripts for the past 20 years and identify the source of the tax debt and file a Notice of Representation to the Internal Revenue Service letting them know that you will be exercising your right under Taxpayer Bill of Rights #4 to challenge the Internal Revenue Service’s position and to be heard. Our Tax Professionals can assist you by researching your transcripts, raising objections, and providing the necessary additional documentation.
These actions must be taken within a specific time frame to avoid enforcement actions by the Internal Revenue Service so acting promptly is a key factor (not to mention the mounting penalties and interest). Before the IRS can take enforcement actions to collect a tax debt such as levying a bank account or placing a federal tax lien our Tax Professionals can assist you with an appeal. Our Tax Professionals can also assist and submit documentation and raise objections on your behalf during audits.
For additional information please contact Fast Tax Help at 561-293-3135 or if you prefer online at https://fasttaxhelp.org/fast-tax-help-form/.
We serve all 50 states and the territories of the United States.
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