Allied Tax Solutions is your IRS tax help solution. We are dedicated to helping you with your personal and/or business IRS tax problems, debt, including: delinquent returns, garnished wages, levies, liens, audits, back taxes, & settlements. Our firm specializes in compassionately resolving your IRS tax issues as quickly and painlessly as possible. End Your IRS Fears Today by learning your options. Contact us for a free consultation.
IRS Help & Tax Help Services
End/avoid IRS Wage Garnishment
Remove IRS Federal Tax Liens
Settle IRS Tax Debt Inexpensively
Stop IRS letters & calls from collectors
Negotiate IRS Offers in Compromise
Receive full IRS Tax Representation
Delinquent Tax returns & 2007 1040 form help
Learn of Tax/IRS Amnesty Opportunities
Stop Bank Account Levies
IRS Audit Assistance & Mediation
Know Your Rights from tax laws
Working Families Tax Relief Act of 2004
Katrina Tax Relief Act of 2005
Economic Growth & Tax Relief Reconciliation Act of 2001
As our client you do not have to talk to the IRS. You will have representation by competent tax debt settlement & tax relief professionals including ex-IRS agent/CPAs and EAs with over 30 years experience. Allied Tax Solutions serves all 50 states including Texas, California, New York, Alaska, and Hawaii and all transations are taken care of conveniently and confidentially through phone, email, US mail, and fax.
วันอาทิตย์ที่ 11 กรกฎาคม พ.ศ. 2553
วันศุกร์ที่ 2 กรกฎาคม พ.ศ. 2553
10,000 Or More In Tax Debt Requires Tax Debt Relief
Every year April rolls around faster than most of us are ready for. If you owe $10,000 or more in back taxes then tax season can be a very gloomy time of year. In a year of a troubling economy and unprecedented lay-offs, a large portion of the population is struggling with finances and a mounting debt. Some choose to hide or ignore the problem which leads to intervention from the IRS and a difficult future raising your credit score and financial status. There are far better options to relieve this heavy financial burden. The two most common practices are Debt consolidation and debt settlement. Both have their own pros and cons, and each can help you get out from under a $10,000 debt to the IRS.
1. Debt consolidation Debt consolidation consists of taking out a new loan at a lower interest rate than the price of your other debts and using these funds to pay them off. The advantage of this is that you will now only pay one consolidated debt at a very manageable interest rate. It does, however, require you to take even more loans on money.
2. Debt settlement Debt settlement is negotiating a settled amount between you and the creditor, that satisfies both parties. Its better for the creditor to receive a portion of the sum, as opposed to nothing at all. Creditors often agree to a figure an amount that is thirty to forty percent lower than the amount owed. Debt settlement, however, does negatively affect your credit ranking. Even though your debt is handled, future creditors will often see that you did not pay the full amount that was initially agreed upon.
These are the most common actions taken but there are many under the radar tactics that can solve your financial situation. If you answer yes to any of these questions use this information to take charge of your finances.
Have you worked through a credit debacle and have your debt forgiven?
Its important to know that if credit card debt or other loans forgiven, when tax time rolls around you will quickly learn that almost any amount of debt that is settled for less than the amount owed is available to taxation. If your lender sends you a form 1099-C, Cancellation of Debt, to show you what to report on your tax return, that sum will be liable for taxation.
Did your income drop so much that you now qualify for some breaks that couldn't work for you last year?
If last year was very difficult, you can qualify for the Earned Income Tax Credit. You must show some income from wages or a job for 2009, and must earn less than a set income limit. Families that had college tuition bills in 2009 can benefit on their tax return this year from certain education credits that are not allowed once you hit certain higher-income level. In fact The American Opportunity Tax Credit , initially called the Hope Credit, offers up to $2,500 for qualified tuition and fees paid for each eligible student in the first four years of college. The American Opportunity Tax Credit can't be used, however, if your modified adjusted gross income hits $90,000 or $180,000 as a joint family income.
1. Debt consolidation Debt consolidation consists of taking out a new loan at a lower interest rate than the price of your other debts and using these funds to pay them off. The advantage of this is that you will now only pay one consolidated debt at a very manageable interest rate. It does, however, require you to take even more loans on money.
2. Debt settlement Debt settlement is negotiating a settled amount between you and the creditor, that satisfies both parties. Its better for the creditor to receive a portion of the sum, as opposed to nothing at all. Creditors often agree to a figure an amount that is thirty to forty percent lower than the amount owed. Debt settlement, however, does negatively affect your credit ranking. Even though your debt is handled, future creditors will often see that you did not pay the full amount that was initially agreed upon.
These are the most common actions taken but there are many under the radar tactics that can solve your financial situation. If you answer yes to any of these questions use this information to take charge of your finances.
Have you worked through a credit debacle and have your debt forgiven?
Its important to know that if credit card debt or other loans forgiven, when tax time rolls around you will quickly learn that almost any amount of debt that is settled for less than the amount owed is available to taxation. If your lender sends you a form 1099-C, Cancellation of Debt, to show you what to report on your tax return, that sum will be liable for taxation.
Did your income drop so much that you now qualify for some breaks that couldn't work for you last year?
If last year was very difficult, you can qualify for the Earned Income Tax Credit. You must show some income from wages or a job for 2009, and must earn less than a set income limit. Families that had college tuition bills in 2009 can benefit on their tax return this year from certain education credits that are not allowed once you hit certain higher-income level. In fact The American Opportunity Tax Credit , initially called the Hope Credit, offers up to $2,500 for qualified tuition and fees paid for each eligible student in the first four years of college. The American Opportunity Tax Credit can't be used, however, if your modified adjusted gross income hits $90,000 or $180,000 as a joint family income.
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