You could potentially save up to 90% on your tax debts if you are in or around New Bern

Discover if you are one of them within 15 minutes with our consultants

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 New Bern, and All of North Carolina

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!

Our highly trained lawyers, CPAs and consultants are standing by, ready to solve your tax problems

Highly Experienced New Bern Tax Lawyer

Our Team is Ready to Help Out Residents of New Bern

Among the worst things you can do with IRS back tax debt is continue to fail it for years at a time. The Internal Revenue Service wants to add on interest costs and additional fees to the amount you owe, and certainly will stop at nothing to collect that money.

They’re the biggest collection agency on earth, and we steadfastly believe that no one should have to face them by themselves again.

For many people, having a government agency that is massive constantly harassing them with letters, notices and revenue officers is a dreadful idea.

That’s why our New Bern team is here to help you. You no longer need to face the IRS by yourself, and certainly will have someone in your corner to help negotiate for you.

So if you owe the federal government, or the state of North Carolina, our dedicated law firm is here to make your life easier.

With only 15 minutes on the telephone with our specialists, you will understand precisely what you will qualify for, and what to do.

Give our office a call now!

Has your business run into problems with company taxes or outstanding payroll? Our New Bern business can help.

The Internal Revenue Service is a formidable collection machine for the authorities, and they will collect, if your business has fallen into IRS or North Carolina company tax debt. So, if your business has delinquent taxes like payroll tax debts there isn’t any need to scurry for cover (and remember – never hide) even should you know little or nothing about coping with IRS company tax debts. There are seasoned professionals prepared to help.

Un-Filed Payroll Tax Filings

The IRS looks at payroll tax – taxes levied on employees and employers – from two perspectives:

  • (a) Taxes a company pays the IRS based on the wages paid to the employee (known as withholding tax’ and is paid out of the companies own funds) and
  • (b) A portion of wages the employer deducts from an employee’s wages and pays it to the Internal Revenue Service.

 

Tax Repayment Schedule

Employment or Payroll taxes are collected by the IRS during the Electronic Federal Tax Payment System (EFTPS). This payment program may be monthly or semi weekly.

In the event that you are a business that is new and didn’t have some workers during your look back period’ or if your overall tax liability is up to USD 50,000 for your look back interval’, you must follow a monthly schedule. Your payroll taxes ought to be deposited by the 15th of the month following the last payday.

If your payroll tax liability is less than USD 50,000 you’ll have to follow a semiweekly deposit program. Should you fail to pay your taxes on these days you may fall into a payroll tax debt. You must seek the services of tax professionals to guide you through this labyrinth of processes and keep from falling into payroll tax debt and prevent hefty penalties.

Dealing With Unfiled Tax Debt

Revenue collected through taxes for example payroll tax are spent on funding programs for example; health care, social security, unemployment compensation, worker’s compensation and at times to boost local transport that takes many workers to and from work.

When you have to deal with IRS tax debts, it’s utmost important to stay in contact with your IRS officials – never prevent or conceal from them. Most IRS penalties include a compounded interest rate of 14% this can turn a company turtle in an extremely short time dealing with IRS business tax debt it overriding.

How a Professional New Bern Tax Pro Can Assist You

Being in an IRS business debt situation is serious. You might have time on your own side because the IRS is slow to begin processing your account, but when they gain momentum things get worse for you. Nevertheless, you are not helpless. There are procedures you might be eligible for that a North Carolina professional can use his good offices with the Internal Revenue Service to help you over come your business debts.

Amongst others, you desire a professional’s help in the event that you haven’t heard of an Offer in Compromise, Tax Lien Span, Uncollectible Status and Insolvency. Waste no more time, touch base with us now to get out of business tax debt and save your company from closure.

Imagine no more notices and letters being sent to your New Bern residence or business. Our team can help.

IRS Letters and Notices are sent to those who haven’t filed their tax returns or haven’t paid all of their tax obligation. The IRS accounts for collecting taxes due from citizens to make sure the Federal Government has the funds to conduct its business. The Internal Revenue Service presumes that citizens who neglect to pay their taxes and who are delinquent in filing their tax returns are dismissing the reason why taxes are not unimportant. The IRS also presumes that citizens do not have a great rationale for not meeting their tax obligations. Competitive pursuit of these citizens is the reason IRS letters and notices are sent. Those who have filed their tax returns but never have paid the taxes that are due all, may also get IRS letters and notices. For do fleet group actions, delinquent taxpayers are on the IRS radar. Citizens have to recall that the IRS doesn’t have to initiate any court actions to levy wages, bank accounts and property. Even pension income could be attached.

Many IRS letters and notices are sent to inflict a penalty on the taxpayer. Fees are prolific now. In 1988, there were only 17 penalties the IRS could impose, but now the different of penalties is 10 times that number. The Internal Revenue Service also has over 75 distinct letters and notices it can send to individual taxpayers. Some of these can surely become serious issues for the taxpayer.

Some Examples of Notices

Low-Reported Tax Debt

A notice that maintains their income has been under reported by a taxpayer in New Bern is a serious question. Frequently, this may be accommodated readily, but the citizen will be assessed interest plus a penalty in the event the IRS claim is valid. Whether this notice spans more than one year of tax filings, then the citizen could be accused of filing a fraudulent return. The fees and the interest will amount to an incomprehensible amount of money regardless of the perceived aim.

Notice of Wage Garnishment

A notice that threatens to attach property, bank account or a citizen’s wages is serious. The IRS will send a letter warning of the impending actions, and this letter will stipulate an amount of time the citizen has to resolve the delinquency. This notice follows letters which were sent to the citizen in an effort to resolve the delinquency before it attains the collection activity.

Home Lien

A notice stating that the IRS has filed a lien on the citizen’s property also follows letters of intent to take this activity. The notice will include the total amount of the governmental bureau along with the lien where it was recorded. This lien will prevent the citizen from selling the property until the lien is satisfied, or the lien amount will be deducted from the profits of a sale. The IRS can also force the selling of the property to obtain satisfaction of the lien. If a deal is planned, a notice will be issued.

What to do because of a notice

The taxpayer should never discount IRS letters and notices. Instead, they ought to immediately seek help with these potential hazards to their financial protection. Actually, if a taxpayer who believes they may receive letters and notices from the IRS can contact us so we can stop these from being sent. Contacting our BBB A+ New Bern law firm is even more significant if a letter or notice has been received. We’ve got many years of successful experience in working with the Internal Revenue Service and state of North Carolina to resolve taxpayer problems.

Instead of having to pay all of you tax debt at once, let our New Bern team negotiate a payment plan for you

The IRS Installment Agreement is a way for taxpayers in New Bern when they can’t pay it in full with their tax return to pay their tax debt. As long as their tax debt is paid by the citizen in full under this particular Arrangement, they could reduce or get rid of the payment of fees and interest and prevent the payment of the fee that is associated with creating the Arrangement. Creating an IRS Installment Agreement requires that all necessary tax returns are filed before applying for the Agreement. The taxpayer cannot have some unreported income. If more than $50,00 in tax debts are owed, then the citizen may apply for a longer period to pay the debt. In some cases, a citizen may request a longer interval than 72 months to repay a tax debt of $50,000 or less.

Good Parts about an Payment Plan

The agreement will result in certain significant benefits for the citizen. Enforced group activity is not going to be taken while an arrangement is in effect. When the citizen can count on paying a set payment every month rather than having to worry about getting lump sum amounts on the tax debt there is going to be more financial independence. The citizen will eliminate continuing IRS fees and interest. The IRS will assist the citizen keep the agreement in force if the taxpayer defaults on a payment providing the IRS is notified instantly.

Obligations of the Installment Agreement Compromise

Some obligations come with the Installment Agreement. When due, the minimum payment must be made. The income of an individual citizen or the incomes of taxpayers that were joint must be disclosed when putting in an application for an Installment Agreement. In some instances, a financial statement must be provided. All future returns have to be submitted when due and all the taxes owed with these returns must be paid when due. Citizens paying their tax debt under an Installment Agreement could be asked to authorize direct debit of their checking account. This method of making monthly payments enable the citizen to request the lien notice be withdrawn. But, the lien may be reinstated if the taxpayer defaults on the Installment Agreement.

The citizen and the Internal Revenue Service can negotiate an Installment Agreement. However, specific information should be supplied and any information may be subject to verification. For taxpayers a financial statement will be required.

How to Prepare to Apply

There are some precautions that must be considered while citizens can make an application for an IRS Installment Agreement. Though the IRS tries to make applying for an Installment Agreement a relatively simple process, there are some position which can make this a challenging task. It is necessary to get it right the very first time that the application is made, since many issues can be eliminated by an Installment Agreement with the IRS.

We’re the BBB A+ rated law firm serving all of New Bern and North Carolina, that could offer you expert support. Our many years of expertise working with the Internal Revenue Service on behalf of New Bern citizens that have difficulties qualifies us to ensure approval of your application for an Installment Agreement.

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If you have failed to pay your taxes for a couple of years, our New Bern team can assist you to get back on track.

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

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

You need to use the form to request for 1099S, W-2S which should provide support for your tax write-offs. IRS will offer you a transcript containing the information you are required to file your tax returns.

Moreover, your tax returns that are back should be filed by you on the initial forms for that tax year. Begin by searching for them in the IRS web site. After you’ve assembled all the important documents, double check to ensure you are employing the instructions related to an identical tax year returns are filling for. Tax laws are constantly changing and using the improper directions may require you to start the filing process once more. Finally, you must submit all of the forms to the IRS through the address.

What to Do With Un-Filed Returns

As you can, when you have any additional income tax for the preceding years, you must comprise as much payment. This fashion in which you will reduce interest costs accumulation. Unlike the tax fees which stop to collect once they’re at the maximum, the monthly interests continue to collect until the tax has been paid by you. Following the IRS has received your tax returns, they will send you a notice of the precise quantity that you must pay as a fee and rate of interest.

You’ll need to work with all the IRS in the event you are not able to pay your tax returns in full. However, you should note the past due debts and taxes that are back, can decrease your federal tax refund. Treasury offset program may use part or your entire national returns to settle any unpaid state or federal debt.

It might use your complete tax refund or component to pay some debts which include parent support, delinquent student loans, and unemployment compensation debts. You may have the right to part or the whole cancel, in case you have filed tax returns jointly with your partner.

The law prohibits IRS from using levies/liens in collecting individual shared responsibility payments. But should you owe any shared responsibility payment, IRS can offset 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 New Bern tax law company for help when you haven’t filed your back tax returns for many years.|} Our crew of specialists in North Carolina is always prepared to help you solve your problems and in addition they are always ready to answer your questions.

In the event you have had a bank levy put on your own property or accounts, let our North Carolina team remove it within 48 hours for you.

Bank levies are charges levied on your own New Bern bank account when you have outstanding tax debt. The law permits the Internal Revenue Service to seize funds in your bank account for clearing your tax obligations. Sadly, the procedure isn’t consistently smooth. Typically, the institution ends up freezing all the money that’s available in a specified account for a period of 21 days to handle a person’s or a company’ tax obligation. During the halt, you can’t get your cash. The single chance of getting them at this phase is when they’re unfrozen when the interval lapses. Preventing the levy lets you get your resources for fulfilling other expenses.

Why and When Bank Levies Get Slapped On

The IRS bank levies are applied to your account as a final resort for you to pay taxes. It happens to those in North Carolina who receive many evaluations and demands of the taxes they owe the revenue agency. The IRS is left by failure to act within the legal duration of a tax obligation with no choice other than to proceed for your bank account. This happens through communication between the IRS as well as your bank. You’ll find that on a specific day, in case you are unaware. The amount equal exclusively affects to your tax debt, but it can be more than that and you get a refund after the levy period. Bank levies follow a final notice for thinking to levy as well as a notification about your legal right to a hearing. In a nutshell, the IRS notifies you of the pending bank levies. The IRS can only require money which was on the date a levy is applied in your bank when applied.

How to Get Bank Levies Removed in New Bern

There is a window of opportunity for you to utilize to get rid from your account of bank levies. With a professional service helping out, it will be easy for you to be aware of when to take your cash out of the bank. You are able to do this by getting into an installment arrangement.

While the solution seem easy, they can be quite complex to carry out. Have the resources to do so you need to act quickly, comprehend every part of the law and deal with associated bureaucracies imposed by banks as well as the IRS. The smart move would be to phone us for professional help by means of your IRS scenario. We have experience and skills that have made us a number one choice for many individuals. For partnered tax professional assistance, contact us for more information and help.

Other Cities Around New Bern We Serve

Address

New Bern Instant Tax Attorney

416 Pollock St, New Bern, NC 28560
Phone

(980) 267-3116

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 New Bern We ServeAlliance, Arapahoe, Atlantic Beach, Aurora, Ayden, Bath, Bayboro, Beaufort, Belhaven, Blounts Creek, Bridgeton, Camp Lejeune, Cherry Point, Chocowinity, Comfort, Cove City, Deep Run, Dover, Edward, Emerald Isle, Ernul, Grantsboro, Greenville, Grifton, Grimesland, Havelock, Hobucken, Hookerton, Hubert, Jacksonville, Kinston, Lowland, Maury, Maysville, Mccutcheon Field, Merritt, Midway Park, Morehead City, New Bern, Newport, Oriental, Pinetown, Pink Hill, Pollocksville, Richlands, Salter Path, Simpson, Smyrna, Stella, Stonewall, Swansboro, Tarawa Terrace, Trenton, Vanceboro, Vandemere, Washington, Winterville

How Often does the IRS Accept an Offer in Compromise?

The IRS frequently accepts an offer in compromise when the sum offered represents the most they are able to expect to collect within a fair period of time. For this reason, you're suggested to research all other payment options before submitting an offer in compromise from New Bern. The Offer in Compromise application isn't for everyone. Consequently, should you consider hiring a tax professional to assist you to file an offer, make sure you assess his or her qualifications. Also, before they can consider your offer, you need to be current with all filing and payment requirements.

How Do I Negotiate Sales Tax Debt with the IRS?

You can negociate sales Tax Debt by contacting the IRS. The IRS will probably have contacted you already, by post, to collect the entire amount you owe. Their correspondence should include a toll-free telephone number as well as the name of a contact representative in New Bern or North Carolina. Call that person, and make sure you have all of your tax files and their correspondence ready. Ask for an Offer in Compromise. The IRS agent will help you determine if you are qualified for an Offer in Compromise, which will settle your tax debt for under that which you owe.

How Can I Eliminate My Tax Debt?

By asking for additional time to pay, it's possible for you to eliminate your Tax Debt. It's possible for you to request to pay what you owe. Apply for the Installment Plan by paying off a tax debt of up to $25,000 over as long as 60 months. Pay by credit card or debit card. You may have a credit card that offers a lower rate, possibly even a zero percent teaser rate for a year. The IRA shuffle: You can't borrow from your IRA, but did you understand that if you wish to transfer the capital from one account to another, you have 60 days? In effect, this is the same as 60-day loan.

How Much Do Tax Attorneys Charge?

Usually, their clients will charge on an hourly basis for all services. This may typically be an hourly charge of between $200 and $400. Generally, a tax attorney will require that a prepayment, which is referred to as a retainer is made by their client. This retainer is going to be a prepayment based on the number of hours that your tax lawyer considers they will be working on your own behalf. This hourly fee will be deducted from the retainer, as the work nears end. If the money held in the retainer is used up before the job is completed, the tax attorney in New Bern will habitually charge you for an added payment.

Does Tax Debt Affect My Credit Score?

Should you submit an application for a personal loan to cover a bigger-than-anticipated tax bill, the amount of the loan as well as your monthly payment record will soon be noticed in your credit reports. Though the drop is temporary and also the loan application itself will count as an inquiry into your credit and this will definitely reduce your credit score a little bit. In case you must apply for a personal loan in New Bern to cover a tax bill, begin by obtaining a free look at your credit strengths and weaknesses using a Credit History Card. Minimize loan applications by finding out a lender's minimum credit score requirements in advance. Select a creditor in North Carolina with credit requirements that match your credit score.

Do Tax Lawyers Really Work?

Yes, Tax Attorneys do work. They have the expertise to formulate a special plan of action for your case and follow it for implementation in North Carolina. Tax attorneys are trained, licensed and experienced to handle the technicalities involved in settlement process and the tax resolution. In case you are in trouble with all the IRS just an attorney can give you the attorney-client privilege. Just a Tax attorney is going to have the experience in realizing tax resolutions. While a CPA may know about some tax resolution programs, they'll not get a complete understanding of the ins and outs of the various systems in New Bern.

How Should I Calculate my Offer in Compromise Agreement?

Your first step in deciding whether to pursue an Offer in Compromise is to estimate what the IRS terms your Reasonable Collection Potential (RCP). This really is essentially the core of any Offer in Compromise and certainly will be the basis of the decision as to whether to accept or reject your offer of the Internal Revenue Service, since the IRS requires that your offer equal or exceed your RCP. The Reasonable Collection Potential, basically, is what the IRS reasonably and possibly could expect to collect from you from the connection of your wages and income in North Carolina in addition to from the seizure of your assets in order to settle the tax assessment against you.

What should I Do if the IRS Rejects my Offer in Compromise?

In the event the IRS rejects your offer in compromise, you need to put the following documentation set up and plan to apply for an appeal regarding the offer in compromise: The 30-day letter rejecting the OIC; Worksheets that came with the rejection letter; Form 656, Offer in Compromise. Form 433-A, Collection Income Statement for Wage Earners and Self-Employed Individuals that you submitted to the IRS with your Form 656, Offer in Compromise. You need to take note that throughout the self-help tool, where a Form 433-A or 433-B is mentioned, the Form 433-A (OIC) and 433B (OIC) may also be used.

What Should I Do If I Can’t Pay My IRS Tax Debt?

If you can not pay the IRS has payment options available. Which option might work for you usually depends on how much you really owe and your current financial situation. Each option has different prerequisites and some have fees. Individuals facing financial problems may find that there's a tax impact to occasions such as New Bern job loss, debt forgiveness or soliciting a retirement fund. Above all, in the event that you think you might have trouble paying your tax bill, contact the IRS immediately.

How Do You Get an Offer in Compromise?

You'll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Pamphlet, Form 656-B. Your accomplished offer bundle will contain: Form 433-A (OIC) (people) or 433B (OIC) (companies) and all necessary documentation as specified on the forms; Form 656(s) - person and company tax debt (Corporation/ LLC/ Partnership in North Carolina) must be submitted on different Form 656; $186 application fee (non refundable); and Initial payment (non-refundable) for each Form 656. Select a payment alternative. Your first payment will change based on the payment option as well as your offer you choose.