TaxResolutionProfessionals

0:00 Intro 0:10 When is Bankruptcy your best option 0:30 Sometime you have to do both 0:48 Get help from us

Here tax attorney Robert Kayvon goes through tax resolution options in 2022 and how some of these have changed. Topics covered: 0:00 Intro 0:40 Offer in Compromise 1:25 Currently Not Collectible Status 2:28 Penalty Abatements 3:50 Payment Plans 4:30 Audit Reconsideration 5:48 Get Help from Us If you got a tax debt question feel free to ask below and one of our tax attorneys will answer. You can learn more about expiring tax debts here: https://trp.tax/tax-guide/csed-irs-states/ Get help from our expert tax attorneys by calling (888) 515-4829 or going to https://trp.tax/start Doing your case on your own? Check out our free tax help guide by going to https://trp.tax/tax help

Tax attorney Robert Kayvon goes through Currently Not Collectible Status. A brief explanation followed by an analysis of 2022's increased expenses and how it may change your odds of getting approved. Still, an Offer In Compromise is better for most people. 0:00 Intro 0:22 Easier to get than before 0:41 Offer in Compromise 1:40 Get Help From Us Let us do a free in-depth analysis of your case to see what you may qualify for. Call us at (888) 515-4829 or go to https://trp.tax/start For information on expiring tax debts, see here: https://trp.tax/tax-guide/csed-irs-states/ Official page from the IRS discussing Currently Not Collectible Status: https://www.irs.gov/irm/part5/irm_05-016-001r See our free tax help guide: https://trp.tax/taxhelp

0:00 Intro 0:11 Payment plans made simple 0:41 Avoiding a tax lien 1:05 Your other options 1:15 Get help from us IRS payment plans are pretty simple in 2022. If you cannot easily pay it's worth checking out other possible resolutions like Offer In Compromise. Payment plans can be set up online here: https://www.irs.gov/payments/online-payment-agreement-application You also can call the IRS Collections Department at (800) 829-7650 if online does not work for you or if you prefer to set things up on the phone. Get a detailed analysis of your financial situation and possible tax settlement options by calling us at (888) 515-4829 or by going to https://trp.tax/start Check out our free tax help guide by Googling 'trp tax help guide'

0:00 Intro 0:17 Brief summary 2:37 Get help from us For 2022 some people are seeing increased expenses with the same income, while some have increased their income substantially. Some assets like homes are also worth a lot more, possibly cutting out more people from being qualified for an Offer In Compromise. Check out our attorney Robert Kayvon's rundown of Offer In Compromise for 2022. To schedule a free in-depth consultation, call us at (888) 515-4829 or go to https://trp.tax/start If you are doing your case on your own, check out our free tax help guide at https://trp.tax/taxhelp Post a question below and one of our expert tax attorneys will answer!

Tax relief in 2022 The main thing we see changing for 2022 is more people qualifying for Offer and compromise. That is settling your tax debt for less than you owe. That is the best result in most cases. When you do qualify for it. Why do we think this will happen more often? Expenses are going up and people's available income - which is money they have after expenses is less. This means more people will qualify for Offer in compromise. What is the best thing to do? The best thing you can do for your tax relief case is to find out if you got a good shot. If you don't qualify we will send you in the right direction to get your case done. Give us a call at 888-515-4829 or go to tp.tax/start https://trp.tax/tax-payments/tax-relief-2022/

There are a couple of ways IRS gets the information. The most common way is they look at who issued you a W-2 for the prior tax year. Then they send a garnishment to that employer. If you want help from our tax attorneys with your debt click here https://trp.tax/start/ to schedule a free consultation or call us at (888) 515-4829. https://trp.tax/garnishments/irs-paycheck-garnishment/

Where does the IRS get information to levy your bank account? What info do they use? They use the 1099 information that is sent from banks that pay you interest. They sent levy to the banks that issued you a 1099 and levy up to the full amount of the tax balance due from your bank account. Most people that owe money for tax debt and are getting a bank levy owe more money than the total of the tax debt. So what happens is that the bank account goes to zero and in many cases, the bank also charges a fee and your account goes into the negative. If you want help from our tax attorneys with your debt Click here https://trp.tax/start/ to schedule a free consultation or call us at (888) 515-4829. 0:00 Intro 0:10 1099 0:36 Get help from us

A lot of people really just need their tax returns prepared and do not need a full tax relief case. If you had the right amount of taxes withheld or had a business where you did not profit, good chance you will not owe anything once your tax returns are prepared. Not sure about your case? Call us at (888) 515-4829 or go to: https://trp.tax/start Your consultation is free and confidential.

There's more than one way to get out of your IRS debt. Here we go through 5 options that happen in a lot of cases. #1 Offer In Compromise The standard "pennies on the dollar" settlement you see on advertisements. You are settling your tax debt for less than you owe based on your financial information. If you are barely making it financially each month and do not have many assets, your odds are good! Some people that make more money might also get a settlement, but their debt typically must be large. There are other types of Offer In Compromise not based on financial information, but they are not common cases and very difficult to get approved. #2 Penalty Abatement This is removing the penalty portion of your tax debt can get rid of a lot of it. You want to do this once you have paid off the base tax amount or are close to it. “Search TRP penalty abatement guide” on google and you'll find info on the easiest way to do it. The first-time penalty abatement explained in our guide is really easy to get. It's harder to get for other years and you will need to prove a reasonable cause or an IRS error. #3 Filing Over Substitute For Returns Sometimes the IRS has come up with debts for you based on tax returns you did not actually file. Sometimes filing your own tax returns over those will result in a zero balance or at least substantially reduce it. In a lot of cases like this, once you file the tax returns you owe nothing. A lot of firms still try to sign you up for a "tax relief" case, when all you really need to do is file tax returns. If you haven't gotten any collection letters from the IRS but have not filed in a while, you might just need to file. You also might not need to file as many tax returns as you think. If you are unsure whether or not you just need filing or a tax relief case, call us at the number below and we'll help. #4 Currently Not Collectible Status If you do not qualify for an Offer In Compromise because you have too many assets, or if your debt is close to expiring, filing for currently not collectible status can be a way to get out of paying your IRS debt. It's basically an IRS payment plan for $0. A lot of clients end up getting their debt expiring while it's in Currently Not Collectible, meaning they pay nothing. Most people getting this option do not make a lot of money. Check out our guide for more info: https://trp.tax/tax-guide/currently-not-collectible/ #5 Audit Reconsideration If you were previously audited but did not agree to it, you might be able to get an audit reconsideration through and lower your debt. Maybe you did not have the paperwork at the time or some new information came up. The IRS doesn't really want you to owe if you should not and if your claim looks good, good chance they will knock off the appropriate amount of debt. Need help from our expert tax attorneys? Call us at (888) 515-4829 or go to https://trp.tax/start Doing your case on your own? Check out our free tax help guide at https://trp.tax/taxhelp

CP2000 Notices can be issued for gambling jackpots that are issued and not claimed correctly. The reality is the majority of gamblers getting a CP2000 actually lost more than they won, and that's why this method will work for a lot of people to fix the proposed debt from the CP2000 Notice. Need help? Call us at (888) 515-4829 to get help from our expert tax attorneys or go to: https://trp.tax/start Doing your case on your own? Check out our free tax help guide: https://trp.tax/taxhelp

Here we touch on what to do in situations where you have not filed taxes specifically for 10 years or more. Need help? Give us a call at (888) 515-4829 or go to https://trp.tax/contact-us/ See our free, comprehensive tax help guide: https://trp.tax/taxhelp/ Information on expiring tax debts: https://trp.tax/csed-irs-states/

Search here: https://appext20.dos.ny.gov/stwarrants_public/st_search You may need to add a county or first name if the search turns out too many results. For more information on NYS tax warrants, see here: https://trp.tax/tax-guide/nys-tax-warrant/ To get help from our expert tax attorneys, call us at (888) 515-4829 or schedule here: https://trp.tax/start If you are doing your case on your own, check out our free tax help guide, which includes a guide on New York Offer In Compromise: https://trp.tax/taxhelp

Our tax attorney Robert goes through Offer In Compromise for the California Franchise Tax Board. Put simply, it's harder to get than the IRS, but it can be one. Some factors the FTB considers: 1) Age - If you are young, your odds are not good. If you are in your late 50s or older, your odds are much better. 2) Income/Expenses - Are your expenses reasonable and are you barely making it? Odds are better. 3) Assets - Got more assets than the tax debt total? Odds not so good. See our FTB Offer Guide here: See our complete tax relief help guide here: https://trp.tax/taxhelp/ If you are looking for someone else to take over your case, schedule a consultation with one of our expert tax attorneys here: https://trp.tax/start/

Getting an Offer In Compromise accepted is not as hard or as easy as most tax relief companies make it sound. Basically, you qualify or you do not. The financials need to make sense to qualify. It's similar to the qualifications for bankruptcy for a Doubt as to Collectability Offer In Compromise, the most common type. IRS pre-qualifier tool: https://irs.treasury.gov/oic_pre_qualifier/ Free tax help guide: https://trp.tax/start/ Schedule a consultation with one of our expert tax attorneys by calling (888) 515-4829 or go to: https://trp.tax/start/

IRS letters are sometimes scary and confusing. Here we talk about collection letters from the IRS and how you can see where you are at in the collections process. Information on tax debts expiring: https://trp.tax/tax-guide/csed-irs-states/ For help doing your case on your own, see our free tax help guide: https://trp.tax/taxhelp/ Looking for someone to do your case? Schedule a consultation with one of our expert tax attorneys by calling (888) 515-4829 or going to: https://trp.tax/start/

Here we go through the differences between Offer In Compromise and Installment Agreements. An Offer is the best thing to get in most cases, but there are some exceptions. It's when tax debt is settled for less than the amount owed, often an extremely small fraction. An installment agreement is basically a payment plan that pays the entire debt off, minus what can be saved from doing a penalty abatement. The easiest penalty abatement to get is a first time penalty abatement based on prior compliance. See link below for info on that. https://trp.tax/tax-guide/first-time-penalty-abatement/ If the tax debt is expiring soon it might be better to just put it in a payment plan until the debt expires, rather than extending the time the IRS has to collect by filing an Offer In compromise. See link below for information on expiring tax debts. https://trp.tax/tax-guide/csed-irs-states/ Many people are told by tax relief companies that they might qualify for an Offer In Compromise, while they really only qualify for an Installment Agreement. If you are doing your case yourself, check out our free tax help guide: https://trp.tax/taxhelp/ If you are looking for someone else to do your case, schedule a consultation with one of our expert tax attorneys by calling (888) 515-4829 or directly access our calendar here: https://trp.tax/start/

Here we go through the IRS collection process and how to handle it. Basically, as long as you call them and come up with a resolution, you won't get your wages randomly garnished or your bank account levied. Look for the "Final Notice of Intent to Levy" letter - after that's sent your case is sent to the collections area for most cases where owe $250,000 or less. When you owe over $250,000 your case usually gets assigned to an individual IRS revenue officer to collect on your debts. See our written guide here that also discusses your options to resolve it: https://trp.tax/tax-guide/irs-collection-process/ Tax relief program guides: https://youtube.com/watch?v=pzuBHN_exUE https://trp.tax/tax-guide/tax-relief/ See our free tax help guide here if you are resolving your case yourself: https://trp.tax/start/ To schedule a consultation with one of our expert tax attorneys go here: https://trp.tax/start You can also call us at (888) 515-4829. For any questions just post a comment below and we'll answer.

Here we go through the IRS Fresh Start Program and cover updates for 2021. Really it's not as special a program as some tax relief firm advertisements might make it seem, but it does make a few things simpler. A lot of people will not need someone to set up one of the simple payment plans for them, they can just do it themselves. I also should add that you can get a lien withdrawal for paid off debts. The most major developments in Fresh Start are: 1) Debts $250,000 and under now can be in a payment plan without the financial data required. The payments need to cover the balance within the time period the IRS has to collect on the debt, also known as the Collection Statute Expiration Date or statute of limitations. 2) Offer on an Offer: After an Offer In Compromise is accepted, if the taxpayer can't pay the agreed-upon offer amount due to other circumstances that come up, they can submit an Offer on the Offer for less, which may be accepted but becomes up to the discretion of the IRS agent. Resources on tax relief: Do it yourself guide on Offer In Compromise: https://trp.tax/tax-guide/how-to-do-your-own-offer-in-compromise/ Expiring tax debts and the Collection Statute Expiration Date: https://trp.tax/tax-guide/csed-irs-states/ How to set up your own IRS payment plan: https://trp.tax/tax-guide/irs-payment-plan-guide/ Free tax help guide: https://trp.tax/taxhelp/ Free consultation with a tax attorney: https://trp.tax/start/ https://trp.tax/tax-guide/irs-fresh-start-2021/

Here we go through what happens in an IRS Form 4180 Interview. The main purpose of the interview is to find people personally liable for unpaid payroll tax. They call the amount assessed the Trust Fund Recovery Penalty. The name comes from it being a "trust fund" tax in the sense that the funds were supposedly held in trust for the IRS and should have been directly given to them. If you are doing payroll, we strongly recommend using an automatic payroll provider like Gusto: https://gusto.com Handling payroll manually is a headache and getting your CPA to do it probably costs more than Gusto and is often less reliable. https://trp.tax/irs-debt/irs-form-4180-interview-trust-fund-recovery-penalty-interview-explanation/

Using one of the easy software systems is the better way to handle sales tax for your online business. The apps determine nexus, track data, and file sales tax returns for you. There's no point to be doing it yourself. Here are some of the most popular sales tax software brands for online businesses: https://www.taxjar.com https://sovos.com/products/sut/taxify/ https://www.avalara.com/ Owe back due to sales tax and need help? Schedule a consultation with one of our expert tax attorneys by calling (888) 515-4829 or going to: https://trp.tax/start

Ignoring an IRS audit basically results in the IRS proceeding on it without you most of the time. There are some audits that are accurate right away, but the majority of audits out there are missing expenses related to the reported income, which results in a larger balance. If you already missed your tax court deadline, you still can try for an audit reconsideration, which we'll cover in another video. The video below explains the tax relief process if you owe a debt: https://www.youtube.com/watch?v=Wdd8y_eP1yY&t=7s Check out our free tax relief help guide: https://trp.tax/taxhelp

A rundown of the CP2000 letter from the IRS. This notice is basically a mini audit of a particular part of your tax return. Most of the time it's from not adding a 1099 or W2 to your tax return income totals. Schedule a consultation with one of our expert tax attorneys by calling (888) 515-4829 or going to: https://trp.tax/start/

Unfiled tax returns can be a difficult situation. Here we go through the frequently asked questions regarding these. 0:00 Intro 0:08 What happens if I do not file my IRS returns? 1:15 Can I get a refund on a late-filed tax return? 1:26 Can the IRS freeze a refund when tax returns are unfiled? 1:51 Can I go to jail for not filing tax returns? 2:07 What is the statute of limitations on unfiled tax returns? 2:28 What happens if I miss the notice deadline to file my late tax return? 3:03 Can I file a tax return after the IRS files for me? 3:24 What penalties can the IRS assess on a late-filed return? 3:44 Can I get penalties removed when I file a late tax return? 4:13 Do I have to pay the amount owed when I file my late return? 4:37 Is there tax software to file prior year returns? 4:53 Can I e-file a prior year return? 5:29 How can I get my IRS account and wage and income transcripts? 5:49 When does the IRS require more than the past six years of unfiled returns? 6:15 Who do I call at the IRS about past due tax returns? Getting through to someone at the IRS: https://amynorthardcpa.com/how-do-i-reach-a-real-person-at-the-irs/ Our free tax help guide: https:://trp.tax/taxhelp/ Get a free consultation with an expert tax attorney by calling (888) 515-4829 or schedule at: https://trp.tax/start Got a question or comment? Post below and one of our expert tax attorneys will answer!

Forgiven might not be the right word, but many tax debts will expire after 10 years with some exceptions. Guide on expiring tax debts: https://trp.tax/tax-guide/csed-irs-states/ Schedule a consultation with one of our expert tax attorneys: https://trp.tax/start/ or call (888) 515-4829. Doing your case yourself? Check out our free tax help guide: https://trp.tax/taxhelp/ Written version of this video: https://trp.tax/tax-guide/irs-10-year-forgive/ Got a question? Ask below and one of our expert tax attorneys will answer!