As a rule, only 1% of individually filed tax returns are audited. If you happen to be in that 1%, you need us to determine the scope of your tax audit and whether it involves a portion of the return or its entirety. We quickly recognize the minor inquiries verses the more serious ones that could escalate into an audit.

Filing bankruptcy is a serious step that has lasting consequences on your credit. Discuss your situation with us to know your options. If you've already selected an attorney, we can assist him or her with your case. We can help to discharge taxes and or chapter 13 bankruptcy and income taxes.

If the IRS has filed a valid tax lien against you, the taxes subject to the lien may be treated as secure. You may not be aware that if the lien is not released, it remains and attaches to all of your property. The lien survives bankruptcy and even though the tax might be discharged, the lien remains on your property. Don't fall into this trap because the issue may arise years later and create a problem if the secured property appreciates. You have a right to appeal for the removal of your liens. We fully represent you in this process, and we may even be able to renegotiate what you owe, set up a payment plan, or explore other options that are unique to your situation.

The IRS levies include, but are not limited to tax levy, wage garnishment, and bank account levy.

In-Business Trust Fund Express Installment Agreements For small business who are behind on remitting their payrolls taxes this is an opportunity to meet those requirements and not have to provide financial statements or financial verification as part of the application process.

Many married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Both taxpayers are jointly and severally liable for the tax and any additions to tax, interest, or penalties that arise as a result of the joint return even if they later divorce. Joint and several liability means that each taxpayer is legally responsible for the entire liability. Thus, both spouses are generally held responsible for all the tax due even if one spouse earned all the income or claimed improper deductions or credits. This is also true even if a divorce decree states that a former spouse will be responsible for any amounts due on previously filed joint returns. In some cases, however, a spouse can get relief from joint and several liabilities.

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. Absent special circumstances, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.

In most cases, the IRS will not accept an OIC unless the amount offered by the taxpayer is equal to or greater than the reasonable collection potential (RCP). The RCP is how the IRS measures the taxpayer’s ability to pay and includes the value that can be realized from the taxpayer’s assets, such as real property, automobiles, bank accounts, and other property. The RCP also includes anticipated future income, less certain amounts allowed for basic living expenses.

When the IRS adds penalties and interest to a taxpayer's unpaid bill, the balance can quickly become unmanageable. Penalty Abatement is a request to the IRS to remove certain penalties that were added to the taxpayers account for a particular year or multiple years. The office of Leonard Parker can help determine if you have the reasonable cause needed to justify this request. In addition, we may even be able to negotiate other measures like an installment agreement, to further reduce your total outstanding bill.