Federal Tax Relief

by Louis Meeks on January 3, 2015 in Blog

Federal Tax Relief

Victory Tax Solutions, LLC

“America’s Trusted Tax Team”

What is Federal Tax Relief?  What can the IRS do to take money from you?  What can you do to get the federal tax relief you need to move on with your life?

If you owe money to the federal government for taxes that you are unable to pay, then the Internal Revenue Service (IRS) will be initiating collection activities to recover what they claim you owe.  It is not a question of if, it is a question of when.  Also, what exactly can the IRS do to get the money?

What Can the IRS do to collect money from you?

The IRS is the largest collection agency in the world.  They can and will use very intimidating tactics to collect from you and everyone else they claim owes them money.

The IRS uses a variety of legal weapons to collect from you.  The following are a few of them:

1. Wage Garnishment: the IRS can contact your employer and demand your employer to take a portion of your paycheck, up to and including taking your entire paycheck.  These funds will be applied towards your tax liability.
2. Social Security checks, pension checks, etc. are “fair game” for the IRS collection machine to attack!
3. Bank Levies: the IRS can contact your financial institution and take money directly out of your savings/checking account and apply it towards what they say you owe. They can take up to 100% of your tax liability.
4. Tax Liens: the IRS can file liens against your credit.  This will cause your credit score to go down, thus making it more difficult for you to buy anything on credit.
5. Substitute Federal Returns (SFR): The IRS can file a Substitute Federal Return on your behalf.  This may result in a larger tax liability than you actually owe because the IRS will not give you credit for any IRS tax deductions or exemptions you may be eligible for.

These are a few of the examples of the collection activities the IRS can legally take to recover the taxes that they claim you owe.

How can you get federal tax relief?

Your greatest chance at attaining your goal of federal tax relief is to consider hiring a highly experienced firm to help you fight the world’s largest collection agency.

Victory Tax Solutions employs full time tax attorneys, CPA’s and other tax professional who have the knowledge and experience to deliver the result you desire

The following are some of the options the Victory team will consider for you:

• Installment Agreements: A tax professional can inform the taxpayer of the various types of repayment plans that the IRS offers. These plans depend on many factors. Unfortunately, many taxpayers are not aware of their available options. The IRS will look at many factors in determining the type of Installment Agreement relief to provide: including, amount of tax debt, type of tax debt (income, sales, payroll, etc.), and financial ability to pay.

• Hardship Resolution: This resolution is called Currently Not Collectible and is not advertised much by the IRS. This is because this form of relief allows the taxpayer to stop collection action until they are in a position to financially pay on their past tax debt. A tax professional can assist a taxpayer in determining if they qualify for this hardship resolution and can also deliver the IRS relief help needed to get back on your feet.

• IRS Settlements: Also known as an Offer In Compromise, this form of tax relief can take many months to finalize. It involves the collection and presentation of detailed financial information to the IRS. Although lengthy and somewhat complex, the benefits of settling a tax debt for less than the full amount owed can greatly change a taxpayer’s life by giving them a clean slate with the IRS.

•  Many other forms of IRS Relief help: Apart from the tax relief stated above, there are many other forms of relief that can provide help to a taxpayer. This includes penalty and interest abatements, innocent/injured spouse claims, lien removals, garnishment and levy releases, audit defense, etc.

Please call Victory Tax Solutions today for a free consultation with one of their highly respected account executives.  The call is toll free 1-877-772-0123.

©2014VictoryTaxSolutions.com
Publishing Rights: You may republish this article in your web site, newsletter, or ebook, on the condition that you agree to leave the article, author’s signature, and all links.

Tax Relief Services

by Louis Meeks on December 20, 2014 in Blog

Tax Relief Services

Victory Tax Solutions “America’s Trusted Tax Team”

What are tax relief services?

Tax relief services can be defined as, professional help with either state or federal tax issues.  Millions of American’s struggle each year with back tax issues. These issues may stem from, under withholding, failure to file tax returns, earning money as an independent contractor and not sending in enough money for taxes, etc.  To get help with tax relief generally requires the help from highly skilled professionals that provide tax relief services.  These professionals can be tax attorneys, certified public accountants, and enrolled agents.

Unfortunately, Americans do not always know when they may need tax relief services from a professional.  Additionally, they may not know who they can trust to get the job done, done right, and at a fair price.

Haven’t you have heard all the advertisements about settling your debt for “pennies on the dollar?”  These are ads used by unscrupulous companies to prey on the weak and uneducated.  What is the most important piece of advice we can offer for you when considering to respond to one of these advertisement?  “BUYER BEWARE” .

Why should you consider investing your hard earned money with a tax professional to get reliable tax relief services?  The answer is simple:  The tax code has become so complicated that the average American can’t realistically become familiar with the IRS, state specific tax codes.  This lack of knowledge can end up costing you thousands of dollars.  On the other hand, professionals skilled in dealing with back taxes and tax related issues undergo significant education and training to serve their clients.   Tax Attorneys possess the deepest knowledge of tax laws and the IRS tax code.  And, they have a long and strong history of driving the greatest results.  Wouldn’t you rather have someone with these extensive credentials in your corner?

So the million dollar question is “how do you locate a firm that can provide outstanding tax relief services”?  In two words, “due diligence”.  First you need to understand the reputation of the company.  What kind of rating do they have with the Better Business Bureau?  Then you need to see what their clients past and present are saying about their services.  The old saying is “you can get a good look at a T-bone steak by sticking your head up a bull’s behind but wouldn’t you rather take the butcher’s word for it”?  In the case of tax relief services, “taking the butcher’s word for it” equates to “taking the clients word for it” At Victory Tax Solutions, we have more testimonials than any other company in the tax resolution industry.   And with a 99% client satisfaction rating, we have proudly earned the reputation as “Americas Trusted Tax Team

So many companies say one thing and do nothing…

Who can be trusted?

Victory Tax Solutions specializes in providing tax relief services for all walks of life and economic status.   It may be an owner-operator truck driver, doctor or even a stay at home mom who needs assistance and results with a back tax issue.   Victory serves all clients with the same tenacity and desire to better their situation.   Our “A” rating with the Better Business Bureau and hundreds of verified client testimonials makes a strong statement of who we are and what you can expect.  Additionally, Victory Tax Solutions stands behind each client with 100% money back guarantee.  If we cannot put you in a better situation that you are currently, we will refund your money “no questions asked”.

If you have a back tax problem, we invite you to consider Victory Tax Solutions to deliver Tax Relief Services.

Call us today!  1-877-772-0123

©2014VictoryTaxSolutions.com
Publishing Rights: You may republish this article in your web site, newsletter, or ebook, on the condition that you agree to leave the article, author’s signature, and all links.

IRS Debt Relief

by Louis Meeks on December 20, 2014 in Blog

IRS Debt Relief

Victory Tax Solutions.  America’s Trusted Tax Team!

When I think of IRS debt relief I think about consumers or businesses who have an Internal Revenue Service (IRS) tax debt with the IRS or have received a notice from the IRS and that taxes are due.  Or, sometimes they are consumers or business owners looking for tax relief going back many years.  And, when people are looking for relief I think they’re looking for a firm that can help with reducing taxes owed, penalties, or interest.

Occasionally, when our team at Victory Tax solutions are contacted by people requesting help with IRS debt relief, they have no knowledge about the debt the IRS is claiming they owe.   Frequently, that situation results in an innocent spouse relief claim. At Victory Tax solutions, our team of tax attorneys help spouses who have no previous knowledge of the IRS debt their spouses created.  We are experts in helping our clients get out of this stressful problem.

One thing in my experience that I think consumers and or business owners should keep in mind when trying to get help with IRS debt relief, is to really think about what role experience and what role price should play in selecting who they choose to hire.

Victory Tax Solutions, three of the most common types of IRS debt relief we see include: Penalty Abatement, Innocent Spouse Relief, and Currently Not Collectible (CNC).

These are all pretty big words that may seem intimidating and hard to understand.  My goal is to explain one to you and help you understand what it is and how it may apply to yo.  Then, I will take it one step further and share with you a story of an actual Victory Tax Solutions client.  Please enjoy!

Penalty Abatement

Definition:  In its simplest form, the term “penalty abatement” means the ending, reduction, or lessening o penalties.

Examples of common IRS debt relief penalties that may be eligible for penalty abatement:

• Late filing penalties: These penalties can be as high as 25% of unpaid taxes of the return
• Late payment penalties: These penalties can be up to 25% of the unpaid taxes
• Late federal tax deposits: These penalties can be p to 15% of late deposits

Victory Tax Solutions’ team of full time tax attorneys have a great deal of experience in helping its clients achieve success with each of the aforementioned forms of IRS Debt.  The following is one little story of the hundreds we receive every year:

• Client: Steven G.
• Residence: Pennsylvania
• Occupation:  US Armed Forces in Kuwait
• Testimonial Date: 8/28/2014

IRS Debt Relief delivered by Victory Tax Solutions team: We turned a $22,000 IRS Debt into a $7000 refund.  Mission Accomplished!

Trustworthy.  Outstanding Customer Service!!!

”My experience at Victory Tax Solutions was outstanding.  Erick, Starla, and Jennifer were all completely professional and very understanding. I started with supposedly owing the IRS $22,000.00 dollars.  A couple of months later Victory Tax Solutions had me at a 0 balance with the IRS and on top of that i am receiving a $7,000 dollar refund! They listen and care about your issues and help you take the steps you need to take to have all of your problems fixed and back to getting a good night’s sleep! Thank you very much Victory Tax Solutions!” –Steven G.  Pennsylvania

f you, or someone you know has an IRS tax debt and you need IRS Debt Relief, the Victory Tax Solutions team would be honored to serve you.  And, what is even better, we have full time account executives here to provide a free consultation.   Please call today.  Our toll free number is 877-772-0123.  

©2014VictoryTaxSolutions.com
Publishing Rights: You may republish this article in your web site, newsletter, or ebook, on the condition that you agree to leave the article, author’s signature, and all links.

Tax Relief

by Louis Meeks on December 20, 2014 in Blog

Tax Relief

Victory Tax Solutions “America’s Trusted Tax Team”

What comes to mind when I think of tax relief is someone who needs help with a tax situation with the IRS or the state.  By reaching out for tax relief help, the client is looking for a final resolution on the tax matter.

At Victory Tax Solutions, we get contacted by thousands of Americans every year, who are in search of tax relief.  There are many areas that people may need help in.  One area would be on under-reported income.  The client would receive a CP2000 notice from the IRS.  This will inform the taxpayer that they have underreported income for a specific year.  When the client receives this notice, they can call a tax resolution company in search of a solution, and in search of tax relief.  The tax resolution company would then work directly with the client and the IRS to get the matter resolved.

Another area that a client can need tax relief help is unfiled taxes.  It is very common for people to have  years of un-filed taxes.  The IRS will add penalties and interest on the years that are un-filed.  In some cases, the IRS will even file a tax return on behalf of the taxpayer.  This is called a Substitute Federal Return (SFR).  However, when the IRS “prepares” the SFR, they do not take into account any deductions the taxpayer may have, thus subjecting the taxpayer into even greater tax liabilities than necessary.

One other possible reason a person may need tax relief is if they receive a “Notice of Intent to Levy.”   This can be a very stressful time for someone who receives this notice.  The notice will state that if the taxpayer does not pay the full balance within 30 days, the IRS will levy their income or bank accounts.  Reaching out for tax relief from a legitimate tax resolution firm will help relieve the stress and put the situation in the hands of experienced and well qualified tax professionals.

Why should you choose Victory Tax Solutions to help you with a tax relief solution?  Victory Tax Solutions has a proven track record in all areas of tax relief.  We recently had a client that received a notice that he owed an amount to the IRS in access of $80,000.  He was a nervous wreck.  He was convinced the IRS was going to come to his door and take him to jail and take all of his possessions.  When the attorney from Victory Tax Solutions got involved, after much negotiations, he was able to not only get the levy released, he was able to get the amount lowered through an Offer in Compromise.  The client was very relieved.  While it is important to remember that not all cases are the same and Victory Tax Solutions cannot guarantee any specific outcome, contacting Victory Tax Solutions would be a step in the right direction to get your tax relief.

©2014VictoryTaxSolutions.com
Publishing Rights: You may republish this article in your web site, newsletter, or ebook, on the condition that you agree to leave the article, author’s signature, and all links.

Tax Help Ann Arbor

by Louis Meeks on December 20, 2014 in Blog

Tax Help Ann Arbor

Victory Tax Solutions “America’s Trusted Tax Team”

Serving clients across the nation is what we do. Serving our local community is what we intend to do more of. Victory Tax Solutions knows how to resolve tax issues of all types.  We have earned a stellar reputation throughout the United States.  We are working to become the go-to company for tax help in Ann Arbor and all of Southeast Michigan.  When dealing with the IRS or the State of Michigan, it is important to have a company on your side to fight for your options and to prevent unnecessary negative outcomes for your tax debt.

Tax help in Ann Arbor is something that our community is struggling with, as well as the rest of the nation. Whether you are a W2 employee, 1099 individual, or a small-business owner, Victory Tax Solutions has the staff of tax professionals to help you fight and achieve the best possible outcomes. Victory’s team of highly educated and experienced tax attorneys are committed to their clients and the needs those clients have with respect to the debt owed to the IRS or State of Michigan.

One thing that Victory is focused on is “face the brutal facts.” The simple fact is that the need for tax help in Ann Arbor is great, and its citizens need a company that can be relied on. Reliance is defined as “the state of needing someone or something for help, support, etc.” Face the brutal facts, there is a black eye on the tax resolution industry.  This reputation may never go away. We can help those that are willing to look through the fog, and see the shining light that is Victory Tax Solutions. In our years of service to our clients, we have developed rapport with local IRS agents, and State of Michigan representatives, and utilize our contacts at the IRS to help our clients receive the best possible outcomes.

Every tax professional on our team takes the approach with the IRS and state tax agencies that “you get more bees with honey” What does that mean?  It means by treating the IRS representatives respectfully and courteously, we achieve respect from them.  That puts them in a situation wherein they are more very happy to work with us for a great resolution for you, our client.  This frequently results in a favorable outcome.

If you need tax help in Ann Arbor, call Victory Tax Solutions now at 1-877-772-0123.  Experience first hand, why we have earned our reputation as “Americas Trusted Tax Team.”

©2014VictoryTaxSolutions.com
Publishing Rights: You may republish this article in your web site, newsletter, or ebook, on the condition that you agree to leave the article, author’s signature, and all links.