Tax Problems

The implications of having unresolved tax problems can hang over your business or your personal finances and cause a negative ripple effect. At Mark I. Born, CPA we understand how frustrating tax problems can be. We work closely with tax clients to help effectively solve their most complicated issues with tax problem resolution in Rockwall, TX.

Common Tax Issues

Tax problems are an unintended side effect of being unfamiliar with tax law and regulations and can happen to anyone. Our tax and accounting firm effectively handles tax issues that include:

Incorrectly Filed Taxes: Claiming a dedication that may not apply, missing a due date, or not accounting for income are unfortunate mistakes to make on a tax return. If you’ve filed your taxes with errors, the IRS offers a window to make amendments to your return. We can walk you through the processes for correcting errors and rectifying your tax issues.
 
Payroll Tax Problems: If you own a business, failing to file payroll taxes can be a red warning flag to the IRS. The penalties for failing to pay payroll tax can be much harsher than other types of tax penalties charged. If you’ve missing paying or filing payroll taxes, enlisting our tax resolution services helps to sort any issues out right away.
 
Back Taxes: When you owe back taxes from unfiled tax returns, penalties and interest charges can quickly add up. Fortunately, there are several ways you can clear your back taxes and avoiding IRS seizure of assets.

Solutions for Tax Problems in Rockwall, TX

When you work with our tax specialist, you don’t have to deal with the IRS alone. We work alongside you to communicate with the IRS on your behalf and can negotiate resolutions that help to clear your tax debt. Our services lift the emotional burden of owing tax dollars to state or federal agencies. We can develop a plan for solving your tax problems that can include:

IRS Payment Plans: Our CPA can help you structure a realistic payment plan that allows you to repay tax debt over an agreed period of time. Payment plans make it easier to pay back what is owed by breaking a larger amount into smaller, manageable routine payments.
 
Offer-in-Compromise: In some instances, it’s possible to negotiate with IRS to settle your outstanding debt with an offer in compromise. An offer in compromise allows you to pay back a fraction of what you owe, depending on your current financial standing and unresolved tax debts.

Non-Collectible Status: If you are financially unable to pay any portion of back taxes, or can't keep up with monthly payments on a negotiated payment plan, you can ask our tax specialist about marking your account with a 'Currently Non-Collectible' status, or Status 53. The IRS will stop any collection activities and won't expect you to make payments until your financial situation improves. This allows many clients the breathing room they need to get back on their feet and put themselves in a positon to successfully manage their tax debt.
 
IRS Audit Representation:
When you engage the services our of Rockwall tax accountant, there's no need for you to deal with the IRS at all. Any issues or problems are resolved by our accountant, who specializes in working with the IRS on your behalf.

With tax problem solving services provided by Mark I. Born, CPA, PC, any issues you might be facing are managed. You also have the advantage of knowing your tax problems are being handled by professionals.

Learn More about Tax Problem Solving Services

Don’t take on the tedious tasks of resolving tax issues by yourself. Our CPA firm understands tax system and can you help saving time and money in your tax dispute. For more information, contact our Rockwall, TX tax firm today.

IRS Audit Representation
Rarely do our clients have to talk with the IRS. We handle it all for you so that you need not take time off of your job to handle the bureaucracy and paperwork of the IRS.
 
Non-Filed Tax Returns
If you do not file, you can be prosecuted and punished with potential jail time, one year for each year not filed. Why risk potentially losing your freedom for failing to file your tax returns?
Back Taxes Owed
It's amazing how fast tax penalties and interest add up. Luckily, we offer several options when it comes to resolving unpaid taxes. Complete this form to get a Free Consultation with our tax specialist.
 
Payroll Tax Problems
The IRS views failing to pay payroll taxes as the cardinal sin of tax delinquency because a large portion of the payroll taxes are your employees' withholdings.
IRS Liens
Liens filed against you by the IRS also show up on your credit report and often prevent you from opening a checking account or borrowing against any assets, like your home.
 
IRS Levies
We are often able to get levies released and help you get out of a terrible situation. Our goal is to get you even with the IRS and let you start life anew.
IRS Wage Garnishment
The payment plan negotiated by us is always more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.
 
IRS Seizures
A Seizure should not be taken lightly. The IRS will ultimately pursue seizure of your physical assets; your home, cars, boats, jewelry, motorcycles, insurance polices, and even your retirement funds.
IRS Payment Plan
If you don't qualify for the IRS Offer In Compromise program, a Payment Plan may be the way to resolve your problem.
 
Offer In Compromise
Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program?
Bankruptcy
Your back taxes, interest and penalties can be wiped out by filing bankruptcy. If you qualify, bankruptcy can be the best solution to resolve your crushing tax problems.
 
Innocent Spouse Relief
Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.
Get Your IRS File
Most people would be surprised to learn how much the IRS knows about them. Obtaining a copy of your IRS file is critical in analyzing the options available to resolve your tax problems.
   

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