WE CAN HELP YOU SOLVE YOUR TAX PROBLEMS!
At the TAX SOLUTIONS LAW FIRM, LLC, we provide affordable tax help to individuals and businesses with tax problems. No gimmicks or fast-talking salespeople–just straight-forward, honest advice that solves real-world tax problems. Our experienced, local tax attorney can help you resolve your tax problems and allow you to reclaim your life and eliminate the burden of tax debt.
Are you looking to reach a tax settlement with the IRS so that you can live your life again–free from worry about what the IRS might do to you? If so, you have come to the right place. At the Tax Solutions Law Firm, we help ordinary taxpayers settle their tax debts with the IRS (and the Kansas and Missouri Departments of Revenue).
As a part of our services, we can provide you with a personalized tax settlement analysis. This analysis will provide you with the information necessary to make informed decisions about solving your tax problems.
We have helped hundreds of local taxpayers just like you.
Call us at 913-491-4357 (HELP) to see how we can help you too.
The longer you wait to resolve your tax problems, the more aggressive the IRS collection methods will become. Under federal law, the IRS has tremendous authority to collect the taxes owed. This collection authority includes wage garnishments, bank levies, even seizing your assets.
Fortunately, there is good news: Your IRS problems can be solved! But YOU must take action to solve them – your IRS problems will not go away by themselves. If solving your tax problems were easy, you would have done it already.
Why should you contact the TAX SOLUTIONS LAW FIRM, LLC to assist you with solving your tax problem?
As with any large problem, the first thing to do is break it down to smaller steps. You have already taken the first step by admitting that you have a serious problem and investigating professional help. The second step you should take is to call us today for a free, no obligation, phone conversation with our friendly staff to see how we can help you resolve your tax problem.
There is no reason to live in fear from the IRS any longer. With qualified help just a phone call away, you can begin to reclaim your life today. Call us today at 913-491-4357 (HELP) to see how we can help you. You will be happy you did.
Tax Law Updates
March 22, 2019
OWING TAXES CAN PREVENT YOU FROM OBTAINING OR RENEWING A PASSPORT
If you owe more than $52,000 in tax liability, the IRS may prevent you from obtaining or renewing your passport! Under a 2015 law, the IRS is required to notify the State Department when a taxpayer has a “seriously delinquent tax debt which is generally someone who owes the IRS more than 52,000 in back taxes, penalties and interest for which the IRS has filed a Notice of Federal Tax Lien and the period to challenge it has expired or the IRS has issued a levy. While it took the IRS a few years to implement this new law, the IRS is now regularly notifying the State Department of “seriously delinquent” taxpayers.
If you are liable for tax debt (including penalties and interest) totaling more than $52,000 and you do not make arrangements to pay the tax debt, the State Department might be required by the law to deny your passport application or renewal. If you currently have a valid passport, the State Department may revoke the passport or limit your ability to travel outside the United States. So if international travel is critical to your employment or simply something you enjoy, it is essential that you work quickly to resolve your outstanding tax liabilities. You should take the first step to resolving the tax debt now because some resolutions options take longer than others to implement.
Under some circumstances, the IRS can expedite the decertification notice to the State Department for a taxpayer who resolves their debt, or has a pending passport application with has imminent travel plans or lives abroad with an urgent need for a passport.
The Tax Solutions Law Firm has helped hundreds of Kansas City area taxpayers settle their tax debt and eliminate their tax worries. If you owe more than $52,000 in tax debts and have tax liens or levies, call us before the IRS prevents you from your international travel plans!
For more details see IRS Notice IR-2019-23.
January 29, 2019
THERE IS GOOD NEWS EVEN IF YOU DIDN’T WITHHOLD ENOUGH TAX IN 2018!
The IRS is reducing the threshold to avoid a penalty for under-withholding taxes in 2018.
As most taxpayers are aware, there are significant changes to the tax law that will impact how your 2018 tax liability is calculated. One piece of relief being offered to taxpayers is the waiver of the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. The usual percentage threshold is 90 percent to avoid a penalty.
The relief is designed to help taxpayers who were unable to properly adjust their withholding and estimated tax payments to reflect the many changes recently made in the tax reform law enacted in December 2017. This penalty waiver will be helpful to taxpayers who don’t have enough tax withheld as a result of the impact of the changes.
Here are a few more details as specified by the IRS in Notice 2019-11.
Because the U.S. tax system is pay-as-you-go, taxpayers are required, by law, to pay most of their tax obligation during the year, rather than at the end of the year. This can be done by either having tax withheld from paychecks or pension payments, or by making estimated tax payments.
Usually, a penalty applies at tax filing if too little is paid during the year. Normally, the penalty would not apply for 2018 if tax payments during the year met one of the following tests:
- The person’s tax payments were at least 90 percent of the tax liability for 2018 or
- The person’s tax payments were at least 100 percent of the prior year’s tax liability, in this case from 2017. However, the 100 percent threshold is increased to 110 percent if a taxpayer’s adjusted gross income is more than $150,000, or $75,000 if married and filing a separate return.
For waiver purposes only, the 2018 relief lowers the 90 percent threshold to 85 percent. This means that a taxpayer will not owe a penalty if they paid at least 85 percent of their total 2018 tax liability. If the taxpayer paid less than 85 percent, then they are not eligible for the waiver and the penalty will be calculated as it normally would be, using the 90 percent threshold.
Even if you did not pay enough taxes in 2018 to avoid the penalty, you should still file your 2018 tax return. No matter how overwhelming or difficult your tax problems seem to be, at the Tax Solutions Law Firm, we can help you determine your best options for resolving your tax issues. Call us Today!
October 3, 2018
A FEW GOOD REASONS TO FILE A TAX RETURN-EVEN IF YOU CAN’T PAY
After weeks of procrastination, you finally prepared your tax return-only to discover you owe more in tax than you can afford to pay. What do you do about the situation? We see many taxpayers who, upon completion of their tax return with the balance due, simply decide not to file the tax return and hope the IRS will not catch up with them. This is not a good strategy. For the reasons summarized below, it is our recommendation to file your tax return when you are legally required to do so-even if you have a balance due. This is especially true if you receive W-2 or 1099 income (because these sources of income are reported to the IRS by the payor).
Even if you cannot pay the balance indicated on your tax return, you should file the return for several reasons.
First, if the IRS is aware of your income sources (specifically 1099 income or W-2 income), the IRS will prepare a tax return for you if they believe a balance is due. After the IRS prepares a tax return for you, known as a substitute for return, the IRS can begin collection activity on the balance owed on that return.
Second, when you timely file a tax return, the penalties are reduced. The IRS charges both a failure to pay penalty of 1% of the unpaid taxes for each month taxes are unpaid and a failure to file penalty of 5% of the unpaid taxes for each month a tax return is not filed. If you file your tax return even with the balance due, you will avoid the 5% per month failure to file penalty.
Third, under some circumstances, your unpaid income taxes can be discharged in bankruptcy. However, one of several requirements to have your taxes discharged in bankruptcy is the filing of a tax return by the taxpayer. If you do not file a tax return and the IRS files one for you, that tax year can NEVER be discharged in bankruptcy under current IRS policy.
Fourth, believe it or not, the IRS does have limitations on its authority. Filing a tax return starts the statute of limitations for additional assessments of tax and the ten (10) year statute of limitations on collection of the tax. If you never file a tax return, the ten year collection period for the IRS never starts.
At the Tax Solutions Law Firm, we can help you file your current year tax return or even previous year tax returns. If you are like many of our clients, this is the first step to solving your tax problem once and for all. Call us Today. We can help you solve your tax problems.