Monday, March 10, 2014

What Do You Do When the IRS Tax Notice Arrives in the Mail?


  IRS Tax Debt Got You by the Throat?

You feel as if the walls are closing in around you.  The IRS has finally contacted you.  It was only a matter of time, but you held out hope they would just lose your file.  You have the first letter, asking you to call them, but you can't even imagine what to say.  So you put the letter aside.  Maybe you'll win the lottery before they send the next letter.

Sadly, you probably won't win the lottery.  Your ship won't come in.  No relative is going to come to the rescue.  Now what?

If you owe under $15,000, and if you are able to keep your new taxes current, the best option is probably to go ahead and make the phone call.  Your goal is to get a five year payment plan, which even if $15,000 is just $250 a month or so counting interest and penalties.  Be sure you can make those payments before you set the deal.

If you are out of work or have extremely limited funds, you may be able to get the IRS to hold off any collection effort for up to a year.  For cases under $15,000, you might even find the agent to be somewhat friendly and helpful.

If you owe more than $15,000, the same rules apply, but the enforcement is much more rigorous.  As you can imagine, IRS collection agents are judged by how much revenue they bring in.  If you owe $25,000 or $100,000 or even more, the revenuer is going to be like any other human.  He will see a big fish in his pond, and want that trophy to show his boss.

In those cases, DO NOT call the agent yourself.  You need an experienced and highly qualified IRS negotiation team to pinch hit for you.  IRS Enrolled Agents, like Jim Demetriou EA and Mike Montano EA, are just what you need to set up an affordable, workable deal that will give you breathing room, not just create more stress.  The last thing you need right now, given the issues facing you, is more stress.

You see, IRS agents are also human when it comes to dealing with Enrolled Agents.  The IRS agent knows that they are dealing with someone who knows the system as well as they do.  The playing field is now level, and your representative can carve out a program for you that makes sense.  That might mean all collection efforts and repayments stop for several months or longer.  It may mean establishing a payment plan immediately.  It could even mean starting a process of reducing the principle amount owed.  Jim and Mike have seen many cases just like yours, and will be able to guide you to the best possible route for a resolution of your tax problem.

Whether you are at the beginning of this process, and have merely received a threatening letter or two, or even if you have had levies or liens placed against your assets, now is the time to call.  Don't wait another minute to have a no obligation consultation that will get your situation moving towards a solution.  Call 888-987-1040

Demetriou, Montano & Associates - Tax Resolution Specialists
12301 Wilshire Blvd. Suite 318
West Los Angeles, CA 90025


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