Tax Resolution Services
Memphis Consulting Group, LLC has provided tax resolution services to both individuals and businesses since 2009. We offer free consultations to assess a person’s financial situation and determine how we can best assist in reducing or eliminating their tax debt. Our tax resolution services include assistance with appeals, notices of deficiency, statute of limitations reviews, innocent spouse relief, and more. We also assist people who have not filed their taxes for current or previous years. We know that stress and worry can build when you have a tax issue. Give us a call or fill out the form and let’s discuss how we can put you in right standing with the IRS.
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Our Tax Resolution Services
There are several different tax trouble scenarios where our CPAs can help. However, no matter the complexity of your tax obligation, we can reduce your tax debt or help you find IRS tax debt relief.
“Innocent Spouse” IRS Relief
Innocent Spouse Relief is a tax resolution program offered by the Internal Revenue Service (IRS) to help individuals who have been wrongfully held responsible for tax, interest, and penalties associated with their current or former spouse’s errors. To qualify for Innocent Spouse Relief, individuals must meet certain conditions.
IRS Seizures
The IRS has the legal right to seize physical assets such as your home or car if you fail to pay taxes owed. This is known as an IRS Seizure and is the most extreme measure the IRS can take to collect a past-due tax debt. The money from your seized assets will be used to pay off your tax liability. To protect its right of priority, the IRS may also file a Notice of Federal Tax Lien. If you are facing an IRS seizure, it is important to contact our tax resolution experts.
Non-Filed Returns–Done For You
The IRS would love to take care of your unfiled tax returns for you…
Does this sound like a good plan?
IRS Audit Representation
We help taxpayers solve their problems with the IRS, as well as make recommendations to prevent them in the future. We provide tax assistance by speaking directly with the IRS on your behalf.
Back Taxes Owed
If you owe back taxes, it’s important to act quickly. Not paying your taxes or paying the wrong amount can result in penalties and interest, and if you don’t take care of the issue, the IRS may take legal action. With us by your side, you’ll find the IRS tax relief you need.
Bankruptcy
When filing for bankruptcy, the goal is to provide the debtor with a fresh start and a chance to move forward with their life. However, it is important to note that if the debtor only has tax debt, bankruptcy may not be the best option. This is because the IRS has created administrative resolutions such as Offers in Compromise and Installment Agreements to resolve tax debt outside of bankruptcy.
IRS Liens
The IRS can file a federal tax lien when a taxpayer owes back taxes. After the IRS determines the amount due, they will send a bill to the taxpayer explaining the balance due. The lien gives the IRS a legal claim to the taxpayer’s property, such as real estate, vehicles, and securities, including property acquired after the lien is filed. As a public document, it also alerts other creditors that the IRS has a secured claim. The IRS offers several options for taxpayers to resolve their tax debt, such as an offer in compromise or the “Fresh Start” initiative from 2011. This allows taxpayers to pay back taxes and avoid liens or settle their debt for less than the full amount owed.
IRS Levies
The IRS may use a levy to satisfy a tax debt when a taxpayer fails to respond to notices informing them of the debt and asking for payment. A levy is a legal seizure of a taxpayer’s property to satisfy the tax debt. The IRS can garnish wages and take money from bank accounts to satisfy the debt. Additionally, the IRS has the power to employ the Federal Payment Levy Program (FPLP) to pay a delinquent tax debt. It is important for taxpayers to contact the IRS immediately to resolve their tax liability and request a levy release. The IRS may also release a levy if it determines the levy is causing economic hardship. If taxpayers find themselves in a situation regarding levies and tax resolution, we help them get back on track.
You’ve got a friend in the tax business. Let us be your go-to for any tax resolution needs you may have. From IRS wage garnishment protection to helping you get “Innocent Spouse” protection, we have the experience you need.
Other Tax Relief Services We Provide
Offer In Compromise
An offer in compromise could be just the solution you need. Find out today.
IRS Wage Garnishment
Has the IRS started garnishing your wages?
IRS Payment Plan
Do you need to establish a payment plan to pay your taxes?
Payroll Tax Issues
We help resolve payroll matters on your behalf.
What Assets Can the IRS take?
The IRS can seize several assets for not paying taxes. They can seize your bank account, real estate, personal property, retirement accounts, vehicles, and more. In addition, they can seize your wages, rental income, or business income.
What is the Process for the Seizure of Assets?
If taxes are unpaid to the IRS, then they will issue a “Notice of Demand for Payment”. This is a bill notice informing you about the amount that you owe. If you ignore it, then the IRS will send you a “Final Notice of Intent to Levy and Notice of your Right to a Hearing”. This is the final notice that will be sent. Thereafter, you’ll have 30 days to appeal or make payment arrangements with the IRS. If you don’t act, the IRS can begin taking your assets in the form of a levy. In most situations, the IRS will begin with wage garnishment instead of asset seizure. The only way the IRS will lift the garnishment is when they amount owed is collected.
Results We’ve Achieved for Our Clients
Recovered $94,000 for a client who was incorrectly accused of owing money.
Recovered over $111,000 for a client who had filed the wrong forms and had tax returns completed by a non-licensed professional.
Negotiated a reduction in payment amounts due to a client’s financial condition. The reduction was 30% less than originally requested.
Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!
Contact Us Today & Get Tax Relief
FAQs
Can’t I handle this on my own instead of hiring a tax company?
To effectively find a resolution to your tax situation, you’ll need to be intimately familiar with IRS tax guidelines, tax relief program that you qualify for, and all supporting documentation for your case. You’ll also need to be ready to discuss your tax debt resolution with your IRS agent. To effectively get the lowest amount due, you need expert representation that can handle this for you. We are more than prepared to represent you and your situation to the IRS on your behalf.
Will the IRS take my property, house, and car?
Yes, the IRS can take your home if you owe back taxes. If you have established a payment plan with the IRS that you are not participating in, a tax levy or wage garnishment can be imputed to your account. You don’t want to go down that road. Call us today so we can discuss your situation.
Get the expert financial support your business needs without the expensive price tag. Schedule a free consultation with our CPA firm.
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