BC Tax Services

We are here to help with all your back tax help needs.


OFFERS IN COMPROMISE

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This program is designed to settle tax debts for less than the full amount of the tax, penalties and interest owed. If you have minimal equity in assets, minimal net income, believe you do not owe the tax due or will experience a hardship by paying the full amount, please call to speak with one of our tax resolution advisers.

ABATEMENT OF PENALTIES

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The IRS is willing to abate penalties associated with a tax debt if the taxpayer proves he or she meets its reasonable cause criteria. Interest is waived only in special circumstances. Taxpayers may also qualify to receive a refund of penalties already paid.

INSTALLMENT AGREEMENT

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Taxpayers have the option to resolve their debt via monthly payment plans. These plans may be arranged based on your current cash flow, projected cash flow, seasonal revenue streams, or by way of a tiered agreement calling for annual increases of the monthly payment amount.

ENFORCED COLLECTION ACTION

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If you have received a levy on your bank accounts, accounts receivable, wages, or Social Security or disability payments, time is of the essence to have this action reversed. Additionally, threats of asset seizure are real and require immediate attention. Nearly all aggressive collection actions can be reversed with the proper representation and presentation of how your case will be resolved.

APPEALS / COLLECTION DUE PROCESS

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Having a tax problem is an overwhelming experience. Unfortunately, the threatening collection letters are only the beginning. When tax problems get this far, you need help. From tax liens to bank levies, wage garnishments, and outright closure of your business or seizure of your home, the taxing authorities have a number of powerful collection tools which could destroy your family’s finances.

AUDIT REPRESENTATION

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Business owners often fear audits because they do not know IRS procedures or the appropriate response. You stand a better chance at winning the game if you know what to watch out for! We can help with your audit by properly representing you.

TRANSCRIPT PROTEST

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Many taxpayers believe their tax account balances are incorrect. Fixing this problem is simple. We will order your tax transcripts and compile the necessary paperwork to help prove any incorrect balances. We will then draft a written protest outlining the account balance concerns and carry out negotiations until an accurate final tax balance is obtained.

NEW COMPANY START-UP

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In some cases, modifying the status of your business or forming a new entity altogether may assist you in resolving your tax problem while also allowing for a substantial savings. Please be advised that the correct execution of these strategies is extremely delicate. Each step must be carefully taken and receive full consent from the taxing authorities.

TRUST FUND RECOVERY PENALTY REPRESENTATION

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If a corporation fails to pay its Form 941 withholding taxes, any individual deemed either willful or responsible for the tax accrual can be personally assessed the Trust Fund Recovery Penalty. It can be assessed whether or not you are in business. If you are assessed, you may appeal. These appeals are time sensitive.

LIEN DISCHARGES OR SUBORDINATIONS

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If you have experienced difficulty in obtaining financing or selling real estate because of a tax lien, we can assist you through the IRS Certificate of Discharge and/or Subordination application process.

NON-COLLECTIBLE STATUS

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There are cases where a taxpayer is unable to pay the tax liabilities due to hardship. Such taxpayers may qualify for non-collectible status.

OTHER

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We also offer Asset Protection, Financial Consulting, Tax Planning Strategies, and Tax Preparation. Call for details.


More about the back tax process

Having a tax problem is an overwhelming experience. Unfortunately, the threatening collection letters are only the beginning of the experience. When tax problems get this far, you need our help. From tax liens to bank levies, wage garnishments, and outright closure of your business or seizure of your home, the taxing authorities have a number of powerful collection tools which could destroy your family’s finances. Fortunately, we have a great arsenal of tax resolution tools to help minimize the devastating effects of enforced tax collection. If you do not pay your taxes when they are due, you will receive a statement or bill. This bill begins the tax collection process, which continues on through alternative payment options and ends when your account balance is satisfied.

Enforced collection action may be taken to secure payment. Such collection action includes filing notices of tax lien, serving levy notices, and offsetting a tax refund. By filing a notice of tax lien, the taxing authority establishes its claim to your property as a creditor. The lien is a claim against your property, including any you acquire after a lien is filed. The lien is required by law in order to establish priority as a creditor in competition with other creditors in certain situations, such as bankruptcy proceedings or real estate sales. Once a lien is filed, it may appear on your credit report and harm your credit rating. Therefore, it is important for you to resolve your tax liability as quickly as possible before lien filing becomes necessary. Once a lien is filed, a release generally cannot be issued until the taxes, penalties, interest, and recording fees are paid in full.

A notice of levy is another method used to collect taxes not voluntarily paid. This means your property can be legally taken to satisfy a tax debt. This could include your wages, funds in financial accounts, Social Security or disability benefits, and retirement income. If your tax liability remains unpaid, the taxing authorities may move to seize assets such as cars, boats, and real estate or shut down your business! In addition, any future federal or state tax refunds you are due will be offset to the tax liability balance.