IRS Info

What Can the IRS Do to Your Clients?

• Seize Their Checking and Savings Accounts
• Garnish Their Hard-Earned Wages
• File Federal Tax Liens Against Their Property
• Close the Doors of Their Businesses
• Embarrass Them and Make Their Lives Miserable

If your clients have IRS problems,
they need to know Mira Chopra!

Settle with the IRS! 
Many taxpayers find themselves in a position in which they can never pay off the IRS. It's mathematically impossible with all the penalties and interest the IRS continues to add every day. These old tax liabilities can prevent you from ever owning a house or car. The banks won't even talk to you if you have a federal tax lien on your credit. The constant worrying about how to get on with life is never-ending. The IRS program called Offer in Compromise allows you to pay the IRS a smaller amount and have them wipe out the total amount you owe them, including all penalties and interest. When the IRS accepts your offer and you pay it, then ALL federal tax liens are removed.

You Get Your Life Back! 
Preparing and successfully negotiating an Offer in Compromise is a complicated process and currently takes approximately one year. Our firm handles the preparation of Offers in Compromise and all of the negotiations with the IRS. Your offer is completely handled by our firm. You deal directly with us, not the IRS.

Don't Pay Penalties!
The IRS assesses penalties to taxpayers for all kinds of reasons. The purpose of penalties is to punish taxpayers enough so they won't do the same thing again. Well, the penalty idea has gotten out of control.

Taxpayers are being severely punished by tax penalties to the point of putting their families and themselves into extreme hardship.

What most people don't know is that many of these penalties can be reduced to zero. The IRS has guidelines which allow for many circumstances in which the taxpayer can be relieved of all the penalties. We request that a taxpayer write our firm a letter explaining all the things that went on in their life at the time of the penalties, then we compose a "Request for Penalty Abatement". It's a great way to avoid penalties you don't have to pay. It's also a wonderful way to substantially reduce your tax liability.

Un-Filed Returns
Taxpayers get behind in filing tax returns from time to time and often make the problem worse by never filing. You know the IRS is out there looking for you and you want to start sleeping like a baby again. So what's the hold up?

Well, most people with un-filed returns don't know what to do to get back in the system and are afraid of what will happen. By using an attorney to represent you, you can get information you need to be able to file your returns and the attorney will be the contact person with the IRS. They will deal with all the IRS communications so you can get straight with the IRS and stop worrying.

IRS Takes Monthly Payments
If you find yourself behind in tax liabilities, you can always borrow at the IRS Bank. The IRS has over one hundred billion dollars owed to them by individual and business taxpayers. When you find that you can't pay what you owe, the IRS will work out some type of payment arrangement. The IRS guidelines for what expenses they will allow each month are very stringent. For example: A taxpayer who owes the IRS $43,000 may only be paying $50 per month and a taxpayer who owes $16,000 may be paying $800 per month.

You must understand what the IRS guidelines allow BEFORE any contract is made with the IRS regarding monthly payments. We review a taxpayer's financial condition and can usually suggest the amount which the IRS will accept for a monthly payment before we contact the IRS.
Our clients must approve the monthly payment amount before we agree to anything with the IRS. The best time to handle an IRS payment arrangement is BEFORE the IRS levies your bank account or garnishes your wages.

Wage & Bank Levies
Did you know that the IRS could levy a HUGE percentage of your paycheck as well as all the money in your bank account? The IRS can even levy Social Security and pension checks! Our office can usually stop wage levies if taxpayers are willing to comply with the law and if you are unable to afford the levy. You should call our office the moment you receive any notice that you are in danger of being levied so we can stop any garnishment before it happens.

Taxpayers with IRS Problems May Never Retire! 
Do you know those nagging IRS problems can prevent you from ever retiring? The IRS can even levy your Social Security and pension benefits. If you never take care of your IRS problems, you'll probably work until you die!

Unemployed or Fixed Income! 
If you are unemployed or on a fixed income, you may qualify to be placed into an uncollectible status. While interest and penalties do continue to add up, you may be able to avoid any payments, at least temporarily. Depending on the age of your debt, you may not be required to make any payment. Mira's office knows the rules and can see if you qualify.