Comprehensive Tax Resolution Services We Offer
Employment & Payroll Taxes
If your business is delinquent in paying employment and payroll taxes on wages, this presents a very serious issue with the Internal Revenue Service. In most cases, they will seek to collect the “Trust Fund” taxes, the amount withheld from the employee’s wages, not only from the business but also personally from all “responsible persons” in the business. “Responsible persons” can include officers, partners, corporate directors, shareholders or employees of a business. If you find yourself in this situation, Koch St. Martin LLC will promptly evaluate your circumstances and provide a personalized strategy to help settle this tax liability or prevent a tax assessment being made against you.
Penalty Abatement Request
If you have been assessed penalties and have a good reason to remove those penalties, then a penalty abatement request may be a good option for you. Internal Revenue Service penalties are one of the most common sources of frustration for taxpayers. Tens of millions of penalties are issues by the Internal Revenue Service annually. The tax code gives you the right to request an abatement or cancellation of any Internal Revenue Service penalty, but you must have a good reason. Koch St. Martin LLC will evaluate the penalty and work with you to determine if your facts and circumstances warrant an abatement request.
Release of Liens and Levies
If the Internal Revenue Services has filed a lien or levy against you, Koch St. Martin LLC will assess your situation to determine the best course of action to help you either avoid or remove the lien or levy. The Internal Revenue Service basically has two methods of collecting back taxes: a federal tax lien and a tax levy. A tax lien is a claim used as security for the tax debt, while an Internal Revenue Service levy actually takes the property to satisfy the tax debt.
Installment Agreements
If you or your business is not financially able to pay your tax debt immediately, then installment agreements may be a good option for you. Koch St. Martin LLC will evaluate your circumstances and determine your best course of action, complete and file the necessary personal and/or business financial statements and facilitate negotiations with the Internal Revenue Service.
The Audit
If you recieve notice that you or your business will be audited by the Internal Revenue Service, it is highly recommended that you seek advice from Koch St. Martin LLC regarding your rights and obligations. While the Internal Revenue Service may try to make your audit seem minimal, it can quickly morph into a very serious personal or business situation. We will provide insight on how to prepare for an audit, help you understand your rights and obligations and minimize your overall exposure.
The Appeal
If you do not agree with the Internal Revenue Service’s decision, then an appeal may be a viable option for you. Most differences between the Internal Revenue Service and taxpayers are settled at the appeal level. Koch St. Martin LLC will assess your situation and determine if the appeal is a viable option for you.
Innocent Spouse
If you are burdened with the tax debt through the fault of your spouse, then innocent spouse relief could be a viable option for you. Innocent Spouse Relief is a form of tax relief that can relieve you of your tax liabilities, interest and penalties as a result of filing a joint tax return with your current or ex-spouse. Under normal circumstances the Internal Revenue Service holds both spouses equally responsible for what is filed on a joint tax return, which means that all taxes and penalties are the responsibility of both parties, regardless of who made a mistake. However, if you were not aware of the mistake or your spouse knowingly committed tax fraud without your knowledge, you can potentially be relieved of the debt through innocent spouse relief. Koch St. Martin LLC will assess your situation and help determine if you qualify for innocent spouse relief.
Currently Not Collectible
If you face extreme financial hardship and cannot make monthly payments toward your tax debt, being deemed “currently not collectible” may be a viable option for you. “Currently not collectible” means that a taxpayer has no ability to pay his or her tax debt. The Internal Revenue Service can declare a taxpayer “currently not collectible” after the Internal Revenue Service receives evidence that a taxpayer has no ability to pay. Koch St. Martin LLC provides services to assess your situation and determine your eligibility for a “Currently not collectible” tax relief option. If you are eligible, then we will represent and provide counsel through the process.