Services at William McConnaughy, Tax Help Pro
Certified Public Accountant Tax Relief
Are you behind on your taxes due to an unexpected financial hardship? Has fear of the Internal Revenue Service (IRS) caused you to stop dead in your tracks even though you wish to move forward with your life? At William McConnaughy, Tax Help Pro, I know how isolating and challenging a tax problem can be for a person.
Debt and tax trouble can cause consuming negative thoughts and can keep a person rooted in debt for years. Scarier still, penalty fees and interest rates imposed by the IRS could cause a person's debt to skyrocket.
A situation that could have been addressed earlier can transform into a problem that may seem unsolvable. As a certified public accountant (CPA), I offer services that can help put your life of debt behind you and point you toward the path of tax relief!
Tax Relief and Related Services
Back Taxes Owed
When you owe back taxes, it is very important to settle the debt as soon
as possible. Failure to pay back taxes could cause a tax bill to continuously
increase. If you are facing financial hardship and cannot pay your back
taxes, a certified public accountant can help determine which strategies
may be available to you.
Innocent Spouse Relief
Many married taxpayers choose to file joint tax returns due to the financial
benefits that come with filing jointly. When one spouse or ex-spouse is
fiscally irresponsible, however, the other spouse can opt out of tax debt
with innocent spouse relief. This relief was designed to provide financial
help when one spouse was clearly the victim of financial fraud perpetrated
by the other spouse or ex-spouse.
IRS Levies
IRS levies take place when the IRS seizes property from a person who owes
back taxes or has tax debt. The seized property can satisfy or pay off
the tax debt owed to the IRS. If you do not pay your taxes, the IRS may
take your property - without hesitation or notice - and auction the property
to clear your debt. To avoid an IRS levy, it is wise that you seek help
from a certified public accountant.
IRS Liens
An IRS lien is a claim used as security for a tax debt. The lien is the
government's way of placing a legal claim against your property when a
person fails to pay off a tax debt. The lien protects the government's
interest in all of your property, which could include your personal property,
real estate, and financial assets.
IRS Payment Plan
Individuals who are experiencing financial hardship can benefit greatly
from a payment plan. IRS payment plans - also known as installment agreements
- allow a person to pay off IRS tax debt in incremental monthly payments.
The payments can be agreed upon through the installation of a payment
plan, which can be accomplished with the help of my team.
IRS Seizures
If you owe money on back taxes or have outstanding tax debt, the IRS can
decide to seize your property. An IRS seizure is an action that must be
justified by the amount of taxes that is owed. Depending on the amount
of debt, the IRS can seize and sell your financial assets and can oftentimes
leave you penniless.
IRS Wage Garnishment
If you owe money to the IRS, the IRS may implement levies on your wages,
salary, or other sources of income. An IRS wage garnishment essentially
means that the IRS will take large portions of your paycheck, which are
then used to pay back an outstanding balance of your debt. It is not uncommon
for individuals to see a large portion of their check be handed over to
the IRS, thus leaving them with very little money to pay off other bills
or daily expenses, such as groceries or gas.
Late Tax Return Filing
If you are late filing or paying taxes, the IRS may impose certain penalty
fees, interest fees, or both. The IRS could consider waiving the penalty
fees if you are able to show some sort of reasonable cause for missing
the deadline to pay or file. If you do not qualify or if the IRS does
not accept your reason, a CPA can help you regain your financial footing
with penalty relief programs.
Non-Filed Tax Returns
When an IRS examiner discovers that an individual has failed to file his
or her required federal tax return, the IRS may try to contact you to
notify that you have failed to file a tax return. If you fail to respond
to the notification sent from the IRS, the IRS may make a tax return on
your behalf. More often than not, your best interests will not be served
in a tax return filed on your behalf by an IRS examiner.
Offer in Compromise
An Offer in Compromise Program can provide an alternative way for you to
settle your tax debts. The compromise can allow you to settle your tax
debt for less than the full amount that was originally owed. An offer
in compromise may not be for everyone, so to determine if an offer in
compromise is the best alternative for you, consult me as your certified
public accountant.
Payroll Tax Problems
The IRS will be very aggressive when it comes to collecting money due to
payroll tax problems. Failing to pay payroll taxes will only generate
more penalties, more interest fees, and more debt as a result of both.
Avoid sacrificing your future due to payroll tax problems and speak with
a CPA as soon as possible.
Tax Relief at a Competitive Price
If you are experiencing tax debt and want relief, I highly encourage you to consult my office for professional help. Whether you are just now realizing the weight of your situation or need help to prevent the worst from happening, I can offer my insight and assistance. I have nearly 30 years of experience in the field of federal and state taxation and have dedicated my professional tax services to determining the best strategy that can help you attain the best possible resolution with the least amount of taxes.
Tax debt relief can be yours with one single phone call. When you contact William McConnaughy, Tax Help Pro, you can speak to a friendly and helpful member of the team who will gladly schedule a free case evaluation. We can set time aside to meet in person or over the phone to discuss your finances and formulate solutions. With my committed service at a competitive price, what could you possibly have to lose?
Call my offices today to get started!
