Some Iowa residents may be able to get out of paying up to 85% of their tax debts

You can learn if you are one of them with a quick consultation with our BBB A+ team

Which IRS Programs You Qualify For
How Much You Can Legally Avoid Paying
Exactly What Steps to Take Next

Take the 59sec Tax Savings Calculator Now to Find Out:

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1) Who do you owe tax debt to?

2) About how much do you owe in tax debt?

3) Do you have un-filed back tax returns?

4) Have you had a wage garnishment, tax lien or bank levy?

5) Have you received threatening or confusing letters from the IRS?

6) Great! Now we just need to know where to send your results to?

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Proudly Serving Cedar Rapids, and All of Iowa

Here's How the Process Works:
1

Free Initial Consultation and Financial Analysis

15 Minutes - We will go through your entire financial situation, step-by-step and see what programs you qualify for, determine how we can help, and answer any questions that you may have.

2

Research & Investigation

4-7 Days - Using the Power of Attorney, we will work with the IRS to determine what evidence they have against you (without disclosing anything), so we can create a plan of attack.

3

Fight for the Best Resolution

1-3 Months - After learning exactly what they have against you, we will negotiate with the IRS on your behalf, removing all the penalties we can, and fighting for a great settlement for you.

4

FREEDOM!

Forever - Once your tax burdens have been lifted, you can go on living your life again! You will finally be free of the burdens chasing you, and can start fresh with no tax debt!

Take action now to prevent additional penalties and interest charges later

Highly Experienced Cedar Rapids Tax Lawyer

Our Team is Ready to Help Out Residents of Cedar Rapids

One of the key difficulties that Cedar Rapids citizens run into in relation to IRS back taxes is feeling overwhelmed and concerned in regards to the money that they owe. With the IRS sending threatening letters and notices, revenue officers, and even taking away assets, money and property, it may be a very frightening experience.

We believe that no one should have to go up against the IRS alone.

It’s simply not fair what they get regular tax payers through, and we believe they shouldn’t get away with it.

That is for a limited time only, individuals who are having trouble with back tax debt in the state of Iowa, but more specifically Cedar Rapids may qualify for a free 7 Day Free Trial of all our tax relief services. That means you don’t pay a penny for the complete use of our seasoned team for a complete week.

30 Day Money Back Guarantee, that’s on the very top of our no questions asked.

What is it that you’re waiting for? The longer that you wait and put it away, the more fees and interest costs the IRS will tack on to the total amount that you simply owe. Take actions and call our Cedar Rapids team a call today to get started!

Give our Iowa team a call now!

By using our fee abatement program, you could instantly cut your tax debt in half.

Once the IRS hit on you or your company with a tax bill, it generally appends interest fees and fees. These additional charges can be terrible such that an old tax bill could have double in interest and fees pinned onto it. Some penalties, like late payments, they are included automatically by IRS computers.

The IRS assumes you recognize them, should you not whine once fees are imposed. Fortunately, a penalty can be confiscated by the IRS just as straightforward as it included one. The key to the realm of the tax penalty relief is revealing a sensible reason for your letdown to obey with tax law.

The quantity of different tax code fines is staggering. Here are a few of the penalties that IRS will tack on to the debts of individuals who’ve not filed their back tax debts.

Incorrectness:

The IRS will impose a 20 % penalty on you if you were negligent or greatly minimized your taxes. This precision-associated fine is employed it is learnt by the IRS as well as when you are unable to set a deduction in a review, or you did not submit all your income.

Civil deception:

In case the Internal Revenue Service finds that you were not reported your income with a deceptive intent, a penalty 75% could be attached.

Delayed Payment:

This late payment fine is tacked on by the IRS computer automatically whenever you file a tax return devoid of paying the outstanding balance, or when you make a delayed payment.

Not Filing on time:

If you did not file your return on time, the IRS can fine you an extra 5% per month on any outstanding balance. But this punishment can be used only for the first five months after the due date of the return, equivalent to a 25% higher price. The IRS can still impose lesser punishments, if there is no outstanding balance.

When you know how and also the reason the IRS strike you with fines, you may require that they removed or be abridged. The IRS name for this process is known as an abatement. About one-third of all tax penalties are ultimately abated, and even it is going to be more should you understand the ways to fight them.

Only informing the IRS that you cannot manage to compensate it, or do not enjoy a fee, will not work. You must show practical cause, which means a plea that is good. According to the IRS, any sound cause advanced by a citizen as the reason for postponement in filing a return, making deposits, or paying tax when owed will be carefully analyzed.

Approaches to request for interest abatement and an IRS penalty

Submit your request for abatement in writing, following a filled up form when you get a tax notice with tax fees, but be brief and clear-cut.

Enclose these documents with your written request.

  • Letter from a registered medical practitioner, describing your state that prevented you from filing your tax return punctually.
  • Death certificate substantiating the bereavement of your blood or close relationships.
  • A detailed report from the fire department if your property is damaged as a result of fire.

What to Do Next

For those who have been levied fees by the IRS, there are a few simple and effective methods to get interest condensed or your tax fines or even removed totally. We have really been in the industry for many years and we’re devoted to offer our customers a professional IRS fee and interest abatement service officially. Contact us today to solve all your tax problems and the related fees levied on your Cedar Rapidsbusiness or on you by the Internal Revenue Service.

An Installment Agreement can spread your payments out over time, so you do not have to pay

This agreement allows for monthly payments to be made. So long as their tax debt is paid by the citizen in full under this particular Arrangement, they avoid the payment of the fee that is associated with creating the Arrangement and can reduce or eliminate the payment of fees and interest. Establishing an IRS Installment Agreement requires that all necessary tax returns have been filed before applying for the Understanding. The citizen cannot have some unreported income. Individual taxpayers who owe $50,000 or less in combined individual income tax including penalties and interest can receive 72 months the sum of tax owed .

Benefits of an Payment Plan

The agreement will result in some significant advantages for the taxpayer. While an agreement is in effect, enforced set activity will not be taken. Life will be free of IRS letters and notices. There’ll be more financial independence when the taxpayer can count on paying a set payment every month rather than needing to be worried about putting lump sum amounts on the tax debt. The taxpayer will remove interest and ongoing IRS penalties. The IRS will help in the event the taxpayer defaults on a payment providing the IRS is notified promptly, the citizen keep the agreement in force.

Problems with the Installment Agreement Compromise

Some duties have the Installment Agreement. When due, the minimum monthly payment must be made. The income of an individual citizen or the incomes of combined citizens must be disclosed when applying for an Installment Agreement. Sometimes, a financial statement must be provided. All future returns should be submitted when due and all the taxes have to be paid when due. Citizens paying their tax debt under an Installment Agreement could have to authorize direct debit of their checking account. This method of making monthly payments enable the citizen to request that the lien notice be removed. In the event the taxpayer defaults on the Installment Agreement, but, the lien could be reinstated.

The taxpayer and the Internal Revenue Service can negotiate an Installment Agreement. Nevertheless, specific information must be provided and any information could be subject to confirmation. For taxpayers a financial statement will be required.

How to Get Ready to Apply for an Agreement

There are a few precautions that should be contemplated while citizens can submit an application for an IRS Installment Agreement. There are some circumstance which can make this a challenging job, even though the IRS tries to make applying for an Installment Agreement a relatively simple process. It is important to get it right the first time that the application is made, since many problems can be eliminated by an Installment Agreement with the Internal Revenue Service.

We are the BBB A+ rated law firm serving all of Cedar Rapids and Iowa, that could provide expert assistance to you. Our many years of expertise working with the IRS on behalf of Cedar Rapids taxpayers who have problems paying their tax debt qualifies us to ensure acceptance of your application for an Installment Agreement.

Avoid being scammed by a Iowa tax aid company, and let our BBB A Rated team help you

Most people are law-abiding Cedar Rapids citizens and they dread the risks of IRS action. These businesses lure innocent people in their scams and commit consumer fraud and even theft! There are numerous ways in which they trick people of their hard earned cash: by charging upfront non refundable payments without supplying any guarantees, by misrepresenting prospective outcomes, by posing as a service provider and selling the sensitive information of the clients to other service providers, by outright stealing from customers and so on. Thus, caution should be exercised by you when you are trying to locate a tax resolution firm for yourself.

What Scammy Companies will do

Not all Iowa tax relief businesses who guarantee to negotiate with the IRS for you’re trustworthy. Because there are so many deceptive companies out there, therefore, avoiding IRS tax help scams is very important. It is possible to avoid being taken advantage of, all you have to do to follow a number of hints that are useful and would be to educate yourself in this regard! An authentic tax resolution company will consistently folow a mutually satisfactory financial arrangement wherein the payments may be made on a weekly, bi weekly or monthly basis.

Second, it is wise to be very attentive when you’re picking a specific tax resolution firm to work with. Chances are the business is deceptive if they promise you the desired outcomes or state that you qualify for any IRS plan without even going through a complete financial analysis of your present scenario then. Consequently, do not fall for their sugar-coated promises and search for other businesses that are genuine instead.

How to find out about your firm

The internet is a storehouse of info, but you should be cautious about using such advice. Do not just hire any haphazard company with promotional campaigns or great advertisements for handling your tax related issues. Consequently, doing your assignments and investing time in research is definitely a shrewd move here.

A site that has an excellent evaluation on BBB is undoubtedly one which you can put your trust in. We’re a BBB A+ rated Cedar Rapids firm, we help people by alleviating their IRS back tax debts. Our tax alternatives are sensible, we do not merely negotiate for your benefit together with the IRS, but rather create a practical strategy to be able to make sure that all your tax debts are eliminated. Due to our vast experience and expertise in the area, you may rest assured that your tax problems would be solved immediately and effectively when you turn to us for help.

An Offer in Compromise arrangement could save you up to 90% on your back tax debts

What is an Offer in Compromise Agreement

Basically, it describes the type of deal between the individual facing the tax problem (tax payer) and the IRS Business which helps the tax payer in this case to settle his or her debt. The IRS helps the customer faced with serious tax issues bailing them out up to less compared to the sum owed or rather by paying. Nonetheless, not all distressed citizens qualify for IRS Offer in Compromise Deal. This really is only because qualification is based on several factors after appraisal of the client was carried out. The IRS Offer in Compromise Agreement has an instrumental role in aiding taxpayers with distressed financial challenges solve their tax problems. This implies the IRS acts as the intermediary that helps their tax debt is paid by the citizen in the handiest and adaptable manner. The primary interest and point of focus is the compromise that perfectly suits the needs of both the taxpayer and the Internal Revenue Service (IRS).It’s a good idea to note the citizen must make a valid and proper offer vis-a-vis what the IRS considers their sincere and exact possibility to pay.

What Does it Take to Qualify?

Filling the applications doesn’t guarantee the Cedar Rapids citizen a qualification that is direct. The IRS begins the total appraisal and evaluation process that could leave you incapable of paying your taxes. These applications are then supported with other related documents which is utilized by the Internal Revenue Service to find out the eligibility of the taxpayer for an Offer in Compromise Agreement. Nevertheless, there are some of the few qualifications process that should be matched fully be the taxpayer. Some of these qualifications include but not limited to ensuring that the taxpayer files all the tax returns they are lawfully bound to file, make and present each of the estimated amount of tax payments for the current year and finally the citizen is supposed to make down payments for each of the federal tax for the current quarter particularly for citizens who run companies with employees. All these are the three basic tenets of qualification that each taxpayer must meet to be able to be considered.

What to Do now

Then our BBB A+ rated tax law business helping Cedar Rapids is there for you to help negotiating an IRS Offer in Compromise arrangement therefore if you are truly one of these taxpayers in need of care and guidance when it comes to IRS. This is a fantastic law firm that will function as a yard stick for people who require suitable help in negotiating for an IRS offer in compromise agreement. Do not hesitate to contact them because they’ve a good security reputation and a strong portfolio. They’ve a team of capable and dynamic professionals who are constantly on hand to assist you. Try them now and experience help like never before. It is simply the best when it comes to dialogue of an IRS offer in compromise arrangement.

Un Filed tax returns may add up to mean thousands in interest charges and additional fees with time, so act now to avoid paying more.

Have you forgotten to file your unpaid tax returns for a number of years? We can help.

The W-2S and 1099 forms for each tax year are crucial when filing your back tax returns you receive. In the event you are eligible to credits and deductions; you must collect any other supporting document that may demonstrate your qualifications to the claim.

Nonetheless, you shouldn’t expect to get a duplicate of the initial record. IRS will provide you with a transcript containing the info you must file your tax returns. The Internal Revenue Service may take up to 45 days to process this request.

In addition, your back tax returns should be filed by you on the original forms for that tax year. Begin by searching the IRS site for them. Double check to ensure that you’re utilizing the instructions associated with the same tax year returns are filling for after you have gathered all the applicable documents. Tax laws are constantly changing and using the wrong instructions may need you to begin the filing procedure once again. Finally, you need to submit all of the forms through the address to the Internal Revenue Service.

What to Do With Un-Paid Returns

You must comprise as much payment as possible if you have some additional income tax for the previous years. This fashion in which you will reduce interest charges accumulation. Unlike the tax fees which stop to accumulate once they are at the maximum, the monthly interests continue to accumulate until the tax has been paid by you. They will send you a notice of the exact amount you need to pay as a fee and rate of interest, following the IRS has received your tax returns.

You’ll need to work together with the Internal Revenue Service if you’re not able to pay your tax returns in full. Nevertheless, you should note the past due debts and back taxes, can reduce your federal tax refund. Treasury offset application may use any federal or state debt that is unpaid to settle.

It might use your total tax refund or part to pay some debts which include delinquent student loans, parent support, and unemployment compensation debts. When you have filed tax returns jointly with your partner you might have the right to the whole counter or part.

But if you owe any common duty payment, IRS can cancel the indebtedness against tax refund due to you.

What You Should Do If You Have Unfiled Tax Returns

You can consult our BBB A+ rated Cedar Rapids tax law firm for help for those who haven’t filed your back tax returns for many years.|} Our crew of specialists in Iowa is always prepared to help you solve your problems and in addition they’re always ready to answer your questions.

Other Cities Around Cedar Rapids We Serve

Address

Cedar Rapids Instant Tax Attorney

115 3rd St SE, Cedar Rapids, IA 52401
Phone

(515) 604-8041

Customer Rating
Services / Problems Solved
Removing Wage Garnishments
Getting Rid of Tax Liens
Removing Bank Levies
Filing Back Tax Returns
Stopping IRS Letters
Stopping Revenue Officers
Solving IRS Back Tax Problems
Ironing out Payroll Tax Issues
Relief from Past Tax Issues
Negotiating Offer in Compromise Agreements
Negotiating Innocent Spouse Relief Arrangements
Penalty Abatement Negotiations
Assessing Currently Not Collectible Claims
Real Estate Planning
Legal Advice
Tax Lawyers on Staff
Steve Sherer, JD
Kelly Gibson, JD
Joseph Gibson, JD
Lance Brown, JD
Cities Around Cedar Rapids We ServeAlburnett, Amana, Anamosa, Atalissa, Atkins, Belle Plaine, Bennett, Blairstown, Brandon, Cedar Rapids, Center Junction, Center Point, Central City, Chelsea, Clarence, Clutier, Coggon, Conroy, Coralville, Craig, Delaware, Delhi, Dysart, Elberon, Ely, Fairfax, Garrison, Hartwick, Hiawatha, Hills, Homestead, Hopkinton, Independence, Iowa City, Kalona, Keystone, La Porte City, Ladora, Langworthy, Lisbon, Lone Tree, Lowden, Luzerne, Manchester, Marengo, Marion, Martelle, Masonville, Mechanicsville, Middle Amana, Millersburg, Monticello, Morley, Mount Auburn, Mount Vernon, Newhall, Nichols, North English, North Liberty, Norway, Oakdale, Olin, Onslow, Oxford, Oxford Junction, Palo, Parnell, Prairieburg, Quasqueton, Riverside, Robins, Rowley, Ryan, Shellsburg, Solon, South Amana, Springville, Stanwood, Swisher, Tiffin, Tipton, Toddville, Troy Mills, Urbana, Van Horne, Victor, Vining, Vinton, Viola, Walford, Walker, Watkins, Wellman, West Branch, West Liberty, Williamsburg, Winthrop, Wyoming
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Should I Sign the Power of Attorney Form when Hiring a Tax Lawyer?

It is best that you sign the power of attorney form when hiring a tax lawyer. The main reason for this is because if you sign a power of attorney, your attorney is able to communicate with the IRS so you don't have to. This can go a very long way in reducing some of the stress that's been put on you. The last thing you want is to wind up in prison in Cedar Rapids and/or be slapped with large fines. Your tax lawyer can help lower your fee, while you might not be able to avoid all trouble.

How Long Does an IRS Offer in Compromise Work?

The time at which the offer in compromise works regularly changes based on your offer and the payment option you pick. For Lump Sum Cash, you will have to submit an initial payment of 20 percent of the total offer amount with your application. Wait for written approval, then pay the remaining balance of the offer in fewer or five payments. Periodic Payment: Submit your first payment by means of your application. Continue to pay the remaining balance in monthly installments while the Internal Revenue Service considers your offer. Continue to pay monthly until it is paid in full, if accepted.

Will negotiating with the IRS result in a higher tax debt if they find something out?

If you are negotiating with the Internal Revenue Service and it happens that they find out something, they threaten you with charges that are serious and even could be harsh on you. This is really an extremely serious situation, and one that you do not wish to manage on your own. There are times when the IRS has no option except to pursue criminal charges. Generally, this is the result of income tax evasion. The IRS will require begin to send you notices in case you don't. The the more time you go without paying or reacting the more it appears that you are hiding.

Do Tax Lawyers Really Work?

Yes, Tax Attorneys do work. As a matter of fact, they comprehends everything about the tax laws and they know what to do in different situations. They got the expertise to formulate a special plan of action for your case and follow it for implementation in Iowa. Tax lawyers are skilled, licensed and experienced to handle the technicalities involved in the tax resolution and settlement process. In the event you are in trouble with the IRS only an attorney is able to give you the attorney-client privilege. Just a Tax attorney will possess the expertise in reaching tax resolutions. While a CPA might be familiar with some tax resolution plans, they are going to not have a complete grasp of the ins and outs of the many systems in Cedar Rapids.

How do I settle my tax debt for less?

An offer in compromise lets you settle your tax debt for significantly less than the total amount you owe. It can be a legitimate choice in the event you can't pay your complete tax liability, or doing so creates a financial hardship. IRS consider your unique group of circumstances and facts: Ability to pay; Income; Expenses; and Asset equity in Iowa. They normally approve the most they are able to expect to collect within a reasonable period of time are represented by an offer in compromise when the amount offered. Before submitting an offer in compromise, explore all other payment options.

Can I reduce my Tax Debt on My Own?

While you can try and solve you tax issues on your own right from your home in Cedar Rapids, it is best to leave it up to a tax professional. In the event you were having a leak in your plumbing in the centre of the night, and also your basement was flooded, the best approach to solve the issue fast is to call an expert. The exact same thing applies to tax problems. Save money yourself the time and hassle of attempting to figure it out yourself, and only leave it up to our Iowa tax pros.

How Do I Choose the Right IRS Debt Relief Company?

To choose the right IRS Debt Relief Business, you will need to take note on some factors about the performance of the company. For instance, you may need to inspect the BBB for an A rating. The fewer the complaints the better. You'll also need to assess for duration of time in business. 5 years or more is optional; Assess for licensed tax professionals and ask to speak together with the man who will be on your own Power of Attorney; Make sure your instance will not be outsourced to another business or individual; Be certain to understand your role in the resolution of your tax debt, and the manner in which you and the Cedar Rapids or Iowa business you choose will interact and work collectively.

Can Tax Debt Be Inherited?

The brief answer is, not in most instances. But there are situations where someone could be legally accountable for paying your bills off after departure. Plus, into paying off debts for which they are not responsible, only to be left alone aggressive creditors are understood to coerce heirs. In the event you are scared that your financial heritage will be a lot of outstanding bills, here's what you should understand and prepare for: In general, kids aren't responsible for paying off their parents' unsecured debts - things like credit cards, personal loans and medical bills, which are not collateralized by physical property in Cedar Rapids or Iowa. Lenders will need to write them off if there is not enough cash in the estate to pay off those bills.

Where Do I Send my Offer in Compromise Payments?

There are only two alternatives for where to send the OIC Holtsville, NY or Memphis, TN. Because you live in Cedar Rapids, Iowa, you'd send your offer to Holtsville. Pay the full sum of the Offer in Compromise over the remaining life on the set statute of limitations. You may establish a lump sum payment due within 90 days, and then monthly installment payments for the balance of the collection period. The standard collection statute of limitations is 10 years (or 120 months), from the date that a tax liability was finalized. This 10-year interval frozen or may have been extended by various actions taken by the Internal Revenue Service or by the taxpayer.

What Should I Ask My Tax Lawyer?

Before you hire your tax attorney in Iowa, you must ask her or him the following questions: How long has she or he been practicing law? Do they just practice tax law, or do they also work in other areas of practice? Have they previously managed tax scenarios similar to yours? What is their evaluation of your circumstance? What course of action would they recommend, if you hired him or her? Do they charge a flat fee or hourly rate, or do they use another billing construction? Can you estimate my entire legal fees?