1. IRS Audit Representation
What it is: If you’re selected for an IRS audit, the process can be stressful and overwhelming. The IRS reviews your financial records to ensure you’ve filed your taxes correctly and paid the appropriate amount.
How we help: KMA Accounting and Tax Services provides expert representation to handle all aspects of the audit, from gathering necessary documents to communicating directly with the IRS on your behalf. We ensure your rights are protected, help you understand your responsibilities, and work toward minimizing any penalties or interest.
2. Non-Filed Tax Returns
What it is: If you’ve missed filing one or more tax returns in the past, you may face penalties, interest, or even legal action from the IRS.
How we help: We can help you file your back tax returns accurately and quickly, bringing you into compliance with the IRS. We’ll also assess your situation to minimize any penalties or interest that may have accumulated over time. For those with multiple years of unfiled returns, we can organize and file them efficiently.
3. Back Taxes Owed
What it is: If you owe taxes for prior years that have not been paid, the IRS can apply penalties, interest, and aggressive collection efforts, including levies or liens.
How we help: We assess your total back tax liability and develop a strategy to resolve it. This could include setting up a payment plan, negotiating a settlement, or determining if you qualify for an Offer in Compromise (OIC). We aim to reduce the financial burden and help you avoid further IRS action.
4. Payroll Tax Problems
What it is: Payroll taxes are taxes withheld from employee wages and sent to the IRS. If an employer fails to remit these taxes, it can result in severe penalties and legal issues.
How we help: If you’re an employer facing payroll tax issues, KMA Accounting and Tax Services can help you address missed or incorrect payments. We will assist in negotiating with the IRS, filing the correct forms, and ensuring compliance. If you’re facing penalties, we can help reduce them and avoid further legal trouble.
5. IRS Liens
What it is: An IRS lien is a legal claim against your property when you owe taxes and fail to pay them. The lien ensures the IRS gets paid before other creditors.
How we help: If the IRS has filed a lien against your property, KMA Accounting and Tax Services can assist in negotiating a release of the lien or work to have it withdrawn. We will also help you explore payment options, such as installment plans or Offers in Compromise, that could make the lien issue disappear.
6. IRS Levies
What it is: A levy is the IRS’s legal seizure of your property or assets (such as bank accounts or wages) to satisfy your tax debt.
How we help: We will work to stop an IRS levy by negotiating with the IRS or filing appeals. Our team can guide you through the process of having a levy lifted and help protect your assets. In some cases, we may be able to help you negotiate a more manageable payment plan to avoid further levies.
7. IRS Wage Garnishment
What it is: A wage garnishment is when the IRS orders your employer to withhold a portion of your wages to cover unpaid taxes.
How we help: If you’re facing wage garnishment, we can intervene on your behalf to have it stopped or reduced. We can negotiate with the IRS to set up an installment agreement or help you qualify for an Offer in Compromise to settle your tax debt for less than you owe, thus stopping the garnishment.
8. IRS Seizures
What it is: The IRS can seize assets, such as your home, car, or bank accounts, if you owe significant taxes. This is one of the most aggressive collection actions the IRS can take.
How we help: If the IRS is threatening to seize your assets, we can work to stop the seizure or negotiate a resolution. We may help you set up an installment agreement, request a temporary delay, or explore the possibility of filing for bankruptcy to discharge your tax debt. We can also assist in appealing a seizure action if you qualify.
9. IRS Payment Plan
What it is: An IRS payment plan is a formal agreement that allows you to pay your tax debt over time rather than in a lump sum.
How we help: If you owe back taxes, we can help you apply for an IRS payment plan that fits your financial situation. Whether it’s a short-term agreement or a long-term installment plan, we will work with the IRS to ensure the terms are manageable and prevent further IRS collection actions such as levies or wage garnishments.
10. Offer In Compromise (OIC)
What it is: An Offer in Compromise allows you to settle your tax debt for less than the full amount owed, based on your ability to pay.
How we help: If you can’t afford to pay your full tax debt, we can help you determine if you qualify for an OIC. We’ll prepare the necessary documentation and submit your offer to the IRS, working to get you the best possible settlement. If successful, an OIC can save you thousands of dollars and prevent ongoing collection efforts.
11. Innocent Spouse Relief
What it is: If you filed a joint tax return with a spouse or ex-spouse and later discovered that there were errors or fraud on the return, you may be eligible for Innocent Spouse Relief, which can relieve you from responsibility for the unpaid taxes.
How we help: We will assess whether you qualify for Innocent Spouse Relief, which could absolve you from paying the tax debt caused by your spouse’s actions. We’ll guide you through the application process and represent you in front of the IRS, ensuring that your interests are protected and your liability is minimized.
