Individual Tax Issues

Individual Service

State Tax Relief

Have you fallen behind in your state taxes? State tax authorities have a reputation for being more aggressive in their tax debt collection efforts compared to the IRS. They have a smaller number of taxpayers compared to the IRS so they can afford to move fast and aggressively. You cannot afford to procrastinate if you have a state tax debt. Recognize that there are relief options available. You have come to the right place. Working with an experienced state tax debt relief company such as Start Fresh Tax Relief puts you in a position for the best possible outcome.

Wage Garnishments

Paying your taxes on time is critical. If you default on your tax debt, the IRS may attempt to collect it by taking money from you through your wages. A Wage Garnishment is a court-ordered legal procedure that mandates your employer to withhold a specific amount of your paycheck to going towards paying your tax obligation. Wage garnishment is a legal approach that the IRS utilizes every day. Once the IRS garnishes your wages, they will take a significant portion regardless of your other expenses. A wage garnishment could be detrimental if you are already financially struggling. Fortunately, you do have options available to remove your IRS tax garnishment, possibly even reducing your tax liability.

Tax Levy

If you do not have an idea what a levy is, that’s definitely a good sign. However, if you do run across that intimating word, you may want to prepare yourself on how a levy can impact your life. Simply stated, a levy is a legal seizure of your assets or property to repay or satisfy an unpaid liability. The difference between a traditional levy is that it requires a collection agency to obtain a court order to proceed, while the IRS itself has the power to authorize a levy to collect delinquent tax balances.

It will be obvious to you when an active levy is occurring. The IRS can freeze your bank account, garnish your wages, seize your property to inclusive of your house, car, boat, retirement accounts, rental income, the cash loan of your life insurance policy or any other asset. In the event that you cannot pay your tax debt in full before the IRS is scheduled to capture your assets, there is the possibility of removing the tax levy by seeking assistance from the IRS to set up an installment plan or discuss other mutually beneficial arrangements.

Tax Liens

If the IRS has instated a tax levy against you, a tax lien may follow. A federal tax lien is the government’s legal claim against your property when you neglect or default on your tax debt. The lien protects the government’s interest in all your property including real estate, personal property and financial assets. A lien is typically the last tactic that the IRS will put in place.  The IRS use the lien as leverage to force you to pay your outstanding tax balance.

An IRS lien will turn your life upside down and have devasting effects on your life. If you are considering moving or refinancing, a lien on your property would make it impossible to sell or refinance your home as you will no longer have a clear title. Furthermore, since an IRS lien is a public record, it will appear on your credit report and damage your credit in the long run. Just like tax levies, tax liens can be placed on both your real and personal property. It would be in your best interest to seek professional assistance from Start Fresh Tax relief if the IRS has issued a lien on your property or receiving letters threatening the filing of a lien. We will take the necessary steps to prevent the lien from being filed or to limit the distressing consequences.

IRS Tax Audit

If you think it is stressful enough experiencing tax issues, then you might want to prepare yourself for an even more dreadful event. A tax audit is a situation you do not want to be involved in when it comes to taxes. If the IRS selects to audit your taxes, it will be both a monumental and daunting task. Dealing with the IRS will drain you both emotionally and physically. A tax audit could possibly take weeks or months while you are requested to provide financial documents and provide responses to IRS’s questioning.

Unfiled Tax Returns

It is not uncommon for taxpayers to not file their tax returns for one or more year(s). Individuals may fail to file their returns for miscellaneous reasons. Usually, it’s a result of missing all or some of their documentation and pertinent information, personal hardship or simply neglect. However, it can be a challenge for individuals to file their missing tax returns later down the road as gathering the necessary records will be an intensive task. As you know, April 15th is the deadline to file you taxes. Missing the deadline will put you at risk of receiving late penalties, your refund could be late or even forfeited.