Advantage Tax Relief Inc FAQ

Do not engage them in protracted conversation. Be polite and civil and state that you have a Power of Attorney or you will be getting representation to help deal with this problem. Then contact Advantage Tax Relief Inc.

A levy is a legal seizure of your property to satisfy a tax debt. A lien is a legal claim against your property to secure payment of your tax debt, while a levy takes the property to satisfy the tax debt.

That's entirely up to you. But think about it--would you go to court on a serious charge without a lawyer? They are federal agents that will try to trick you and anything you say will be used against you.  

The Taxpayer's bill of Rights discourages the IRS from seizing primary residences, and  IRS collectors cannot decide on their own to seize your home. However, if they get a court order, they can seize your home. Fortunately, you can contest. 

Yes, but it's not likely.  The IRS is not in the business of taking your car and preventing you from getting to work. How would they expect to be paid if they take away your means of earning an income?

Yes, yes, and yes. The IRS prefers seizing liquid assets such as these. After due process and with a levy in hand, the IRS can take up to 90% of  your Social Security benefits and other wages and 100% of your bank balances including IRAs. 

As a general rule, there is a ten-year statute of limitations on IRS collections. This means that the IRS can attempt to collect your unpaid taxes for up to ten years from the date they were assessed, subject to some important exceptions. If fraud is suspected there is no statute of limitations.

It depends. The IRS can impose civil liability personally on business owners, even if incorporated, and other so called "responsible parties." These parties could include all the signatories on the business bank accounts, whether they are responsible or not for the unpaid payroll taxes.  It's called the Trust Fund Recovery Penalty, and it's severe at 100% of the amount owed. 

We can help you file all delinquent tax returns to bring you up-to-date. You must be current (in compliance) to even qualify for any tax resolution strategy. (Compliance means that the last six years of your returns must be filed with the tax assesed.)

We can obtain transcripts from the IRS and your local state tax agency. This tax information will assist us in filing all tax returns necessary to bring you back in compliance.

Since the IRS is dealing with millions of taxpayers, it is in everyone’s best interest to settle. The IRS will get a part of what is owed to them and end the process. The IRS is also eager to settle a case before the statute of limitations expires. You win by becoming current as a taxpayer in compliance.

Small. In fiscal year 2020, the overall rate was less than 1 percent of the total. However, audit rates do increase as income rises.

ONLY by mail. If your tax return is selected for a random audit, you will be notified by the IRS through the US postal system. If you get a call or a text that you are being audited, it is likely a scam.

If you failed to pay or substantially underpaid the taxes you owe, the IRS can charge a penalty of between 5 and 25 percent on top of the amount of tax you owe. If you fail to pay the taxes within twenty-one days after an audit, the IRS can charge an additional penalty of 0.5 percent for each month you are late in paying the taxes. 

An Enrolled Agent is a special license granted by trhe IRS to those that have completed the rigorous three (3) 4-hour long exam process. The license is valid for a period of three years with licensee required to complete 72-hours of continuing education.