Services
Approach
Our 3-Step Process to Relief
We have an honest and straightforward approach to taking care of our clients from start to finish. From the complementary consultation until your tax problems are resolved, you’ll never doubt that you’re in good hands.
Consultation
Reach out and tell us your story – we will listen and ask questions to make sure we thoroughly understand your situation. A free consultation is your first step towards tax freedom.
Discovery
Once we know what you're facing, we take over all communication with the IRS and start crafting your customized tax relief strategy. We maintain close contact with you throughout the process as we work toward a solution.
Resolution
In the final step, Hayes Tax Resolution executes on our strategy and negotiates with the IRS on your behalf to get you the relief you need. When you're happy, we're happy!
Services We Offer
Tax Problems and Solutions We Can Handle
Unfiled Tax Returns
What It Is
Not filing your income tax return is not only costly, but illegal under the laws of the Internal Revenue Service. Harsh penalties are imposed on people and companies who do not file their taxes or pay them. Many individuals choose not to file because they can’t pay what they owe. Not filing, however, will make matters even worse than acknowledging that you owe taxes and working out an agreement with the IRS.
The penalty for failing to file is substantial. When no fraud or neglect is involved, the usual failure to file penalty is 5% per month on the overall tax liability owed. This penalty starts the day after the due date of the tax return. The rate jumps to 15% when fraud or incompetence is involved. Before penalties start, get help. We recommended that you start even if you have not filed in years.
How We Can Help
It’s time to get back in good standing with the IRS. The first thing you need is to get help from professionals. Each tax case is unique, and you will need someone to guide you throughout the process.
We can start by identifying the years you need to file. Then we collect the documentation necessary for an accurate return to be filed. Depending on your situation, you may have to go through special filing procedures. The last step is to limit the damages. We will negotiate with the IRS to lower the penalties that you owe.
From collecting the correct documentation to filling out the required papers, the Hayes Tax Resolution specialists can give you the advice and support you need.
Offer in Compromise
What It Is
An Offer in Compromise is a surprisingly efficient way to shed tax debt. It has been used to systematically remove tens of thousands of dollars in tax debt from thousands of individuals in trouble with the IRS. It is a federal program that allows you to settle less than the full amount you owe in tax debt.
How We Can Help
To determine who is eligible for tax forgiveness, the IRS has strict qualifiers. Your purpose for applying is the first thing that they consider. An Offer in Compromise will be accepted by the IRS only if it is for one of the following reasons:
- There is doubt as to whether the amount you owe was determined correctly by the IRS.
- There is doubt as to whether the debt is fully collectible. This implies that your assets and revenue are lower than the amount you owe.
- The debt is correct, and you can pay the debt in full, but it would cause undue economic hardship to do so.
Our tax professionals can help determine if you are qualified for an OIC. We will be able to help you negotiate with the IRS or find other alternatives if you are not qualified.
IRS Audit Representation
What It Is
Also known as IRS audit protection, IRS audit representation refers to a tax or legal professional who works on your behalf to resolve an IRS tax audit. They have the legal right to help with your paperwork through the Power of Attorney (POA), negotiate your case with the taxing authority, and attend audit meetings. The majority of tax audit members are either a registered representative, a certified public accountant (CPA) or a lawyer.
You may be wondering if it is really necessary to hire someone to assist with your tax audit. Though there might be some tax issues where DIY is advised, it is generally not recommended to take on an audit by yourself.
How We Can Help
Working with Hayes Tax Resolution will not only give you peace of mind, it will also help with:
- Identification of problems with the audit
- Documentation and paperwork processing
- Negotiation of a tax debt proposal
- Protecting your interests as a taxpayer
Our tax professionals will work on your behalf to find the best approach for your case. You should know that time is crucial when it comes to reacting to an audit report. Don’t hesitate to contact Hayes Tax Resolution today.
Installment Agreement
What It Is
An Installment Agreement is the most common way for taxpayers to pay their outstanding tax liability. It is an agreement between the taxpayer and the IRS to pay the obligations over a fixed period of time in monthly installments. However, an Installment Agreement does not preclude accruing interest or late-payment fees.
There are 5 types of IRS Installment Agreements that make dealing with back taxes a little less awful:
- Guaranteed Installment Agreement
- Streamlined Installment Agreement
- Installment Agreement for Tax Debt of Over $50,000
- Partial Payment Installment Agreement
- Settlement Agreement (Offer in Compromise)
Each type has very specific requirements in order to qualify. You’re going to need an expert on your side who knows the ins and outs of the IRS matrix.
How We Can Help
No one said it would be easy to pay back taxes. Dealing with the IRS is no easier.
The primary factor in deciding what sort of IRS Installment Agreement you qualify for is your taxpayer history. The IRS might be less likely to give you another opportunity if you’ve made a payment agreement with the IRS in the past that didn’t work out too well.
Being hit with a big tax bill can be overwhelming. If you are currently on an Installment Agreement with the IRS and have questions about the arrangement, including how streamlined and non-streamlined agreements operate, now is time to contact Hayes Tax Resolution to help you get your freedom.
Wage Garnishment
What It Is
A wage garnishment occurs when your employer is forced by a creditor to deduct any sum of money from your paycheck. Your employer will then pay the withheld salary to the person or entity with which you have a debt.
Some garnishments may start with a court order. But no court order is needed to start garnishing your salary with federal student loans, back taxes, or child support.
You should be notified before the wage garnishment begins. Letters will be sent to you by the IRS to notify you of their impending actions. These notices will also allow you time to fix the problem before the garnishment begins.
How We Can Help
Usually, a wage garnishment doesn’t end until you pay the entire debt in full. Aside from your debt, this balance will also include any interest, fines, and collection fees incurred over the duration of your loan.
Many individuals feel that after the garnishment is taken out, they can not survive on the amount left, so they look for other alternatives. We can try wage garnishment modifications that will help preserve revenue and sustain a standard that makes it possible to live.
You should speak to a professional about the other resolution options that exist for you if you don’t have enough money to settle the debt in full. For a wage garnishment, a tax specialist can help you find a solution, such as a payment schedule that works for both you and the IRS. This method of resolution would result in the IRS releasing your paycheck garnishment. Our experts will assist you in dealing with the IRS and your unique tax situation.
Penalty Abatement
What It Is
Did you fail to pay your taxes this year, or worse, fail to file? While there might be valid reasons why you failed to meet the tax deadline, the IRS will enforce tax penalties before you get back on track or settle your tax debt in full. Even if you filed and paid on time, if your return included mistakes or your payment was refused, there could be penalties.
Good thing the IRS provides tax penalty relief for those who have been unable to pay their taxes due to unexpected circumstances and other causes. One tax penalty relief you can acquire is a penalty abatement.
You must meet the following conditions to apply for the first-time penalty reduction:
- Over the past three tax years previous to earning the penalty, you have no fines or you have not been asked to file a tax return;
- All your required tax returns have been filed, or an extension has been requested by you; and
- You paid the entire amount of your taxes or made plans to pay your tax liability (payment plan)
How We Can Help
We can help assess if you qualify for a penalty abatement. Generally, lack of resources is not a justification for a waiver. However, the reasons why you don’t have enough money can meet the fee waiver requirements.
Our experts will work with you to check if your reasons for failing to file on time are included in the following:
- Reasonable Cause
- IRS Error
- Hazards of Litigation
- Statutory Exceptions
- Administrative Waiver
Don’t let your penalties add up and drown you in debt – call Hayes Tax Resolution now and get help!
Bank Levy Release
What It Is
The IRS will use different actions to satisfy the debt when a taxpayer owes back taxes. An IRS bank levy is one of those. A bank levy enables the IRS to take money from your bank account. Usually, only after the following three conditions are met can this happen:
- A tax bill for the amount owed was submitted to you (Notice and Demand for Payment);
- You have disregarded or declined to pay the bill; and
- A Notice of Intent to Levy (CP90) was issued
If the IRS sends a levy notice to your bank, on that day, whatever funds are in your accounts will be frozen for 21 days. For the time that the levy is in place, you won’t be able to use the account or withdraw funds. If the levy is not released within 21 days, the funds in your account will be sent to the IRS by your bank (up to the sum that you owe).
How We Can Help
The best and safest course of action is to pay off the entire tax debt. This will free you from your duty to the IRS and/or the State immediately, and the bank levy will no longer be needed. However, if you act before the levy is released, you can end up paying even less than you would have to pay.
Contact us today to see whether you qualify for any form of tax relief, such as a payment plan or a lower payment for the overall tax debt. Don’t wait for the worst to come, act now!
Currently Not Collectible
What It Is
For taxpayers who have faced hardship and are now unable to pay their tax debt, you may want to look into the IRS’ Currently Not Collectible status. It is usually used when someone is going through an exceptionally difficult time financially. For instance, if you have lost your job or have had your hours cut back, you may qualify. It may also be used in connection with a bankruptcy or when it is close to expiring a statute of limitations.
The IRS will stop pursuing actions against you, such as levies and garnishments, if you are granted this status. Since this is a temporary solution, it will continue to charge interest and fines against you.
The Currently Not Collectible status applies a temporary pause in paying taxes. A postponement can last up to ten years in some cases. This status is checked periodically, and you are obligated to contact the IRS if your circumstances change.
How We Can Help
You must prove to the IRS that your monthly income is inadequate to cover the required living expenses in order to apply for the new non-collectible status. To substantiate your assertion of financial hardship, the IRS may require you to report your financial details.
Although applying for the current non-collectible status is essentially calculated by measuring your disposable income, you can benefit from the assistance of an experienced tax professional. We can go over your finances and determine if you can qualify for a CNC status. If not, we can negotiate with the IRS for you and look for alternative solutions.
Business and Personal Tax Returns
What It Is
Tax preparation is the process of preparing for filing your tax return. This normally involves getting out all the necessary documents, receipts, and forms related to your taxes and organizing them correctly. To ease the burden of doing their tax returns, many Americans seek out the services of a tax preparer: someone who assists with the filing of tax returns.
As tax preparers, we can help prepare, calculate, and file the taxes of an individual or business. We have an in-depth understanding of the tax system, which is helpful for those who don’t have the time or the expertise to really take time on their tax return.
How We Can Help
There are a few reasons why enlisting the help of a tax preparer is a good idea.
First of all, some individuals have complicated tax situations, and the multitude of forms you need to fill out can be time consuming and frustrating. Not only will you not have to deal with the hassle, we’ll spend less time on it in the long run because we’re familiar with the process.
Secondly, there’s a much greater chance that someone without experience will make a mistake on their tax file, which results in a delay on their return or a fine. Hire an expert to make the margin for error much smaller!
Finally, as professional tax preparers, we have the expertise to see your tax situation with different eyes, and can pick up on potential credits or deductions that you were unaware of. To learn more about preparing your tax return, click the button below and talk to us!
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