Long Island Tax Solutions
1352 Stony Brook Rd, Stony Brook, NY 11790, United States
1352 Stony Brook Rd, Stony Brook, NY 11790, United States
We are Certified Tax Resolution Specialists with over 30 years of experience working with Business Owners and Indiviudals to help resolve Tax Related Debt. We provide Tax Resolution, Stop Wage Garnishment, Help remove Tax Liens, Negotiate on our clients behalf with the IRS.
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Back Taxes – Filing Delinquent Tax Returns
Filing back taxes is one of the most important things you can do as a taxpayer. Regardless of whether you can settle tax debt in full, taxpayers are required to file all back taxes. Some taxpayers may think it’s not a big deal if they don’t get back tax help. However, not filing a required tax return is a big problem with the IRS. For instance, if you don’t file back taxes, the IRS can hit you with interest and penalties. In other words, your IRS back taxes issue will get a lot worse if you fail to file. Lastly, when filing back taxes, take extra care. This is because the IRS examines IRS back taxes with extra scrutiny. If you aren’t sure how to go about filing back taxes, call us for tax relief services. Our team is ready to help you settle tax debt for good.
Wage Garnishment
IRS wage garnishment can be a nightmare. Furthermore, for employees, IRS wage garnishment can mean a huge cut in your monthly paycheck that can be a real pain especially if you have other bills to pay. Moreover, there are steps that can be taken in order to assist in getting past and even avoiding an IRS wage garnishment. So, the 1st step begins with a professional strategy session with a seasoned CPA or Certified Tax Resolution Specialist.
Tax Liens
If you owe a significant amount of money in back taxes and penalties, the IRS may institute a tax lien. A tax lien is a claim on a business or an individual’s assets and is typically attached to real estate properties. This doesn’t mean the taxing authorities intend to seize your property like a tax levy. Instead, it uses the lien as collateral for the tax debt and ensures that the government has first dibs on the property rather than any creditors.
One of the many downsides to not paying your taxes is having a federal tax lien placed on you. In other words, the federal government makes a legal claim against your property. This happens when you neglect or fail to pay your tax debt. Fortunately, there are tax resolution services available from the top tax relief firm Long Island Tax Solutions. With a federal tax lien, the government can claim access to real estate, personal property, and financial assets. But, when will the federal government place a tax lien on your account? First, the IRS will assess how much you owe. Then, the IRS will send you a bill explaining how much you owe. This is also called a Notice and Demand for Payment. Consequently, If you neglect or refuse to fully pay the debt in time, a federal tax lien will be your problem.
