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What the IRS Never Told You

What the IRS Never Told You: Learn how to end your IRS Problems. Many taxpayers are at the end of their rope with no place to turn for solutions to ALL types of IRS Problems. You

Tax-Advantaged College Savings

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Building and preserving your personal wealth requires specialized attention. You get one-on-one guidance from our experienced Blue Springs financial services firm and a comprehensive plan that helps mitigate risk, seek improved performance, and pursue growth and longevity of your wealth.

What the IRS Never Told You

Learn how to end your IRS Problems. Many taxpayers are at the end of their rope with no place to turn for solutions to ALL types of IRS Problems. You and your family can put these IRS Problems behind you, often for just a few bucks. So Don't Delay! Read This Special Report Today!

What Your Accountant & The IRS Never Told You!

Millions of U.S. citizens find themselves at odds with the IRS. In fact over $100,000,000,000 (that's 100 Billion Dollars) is owed to the IRS in taxes, penalties and interest.

Do they really think they're going to collect this money? Personally I don't think so! They know that many people simply don't have the money to pay these old tax liabilities.

But have they given up trying? Of course not!

Will the IRS just roll over and play dead on these old tax liabilities? Never ... because it would ruin their reputation.

They would lose all credibility to collect current taxes. It could cause the entire tax system to break down. It might even cause the U.S. Government to cease to exist.

So its fair to say," the IRS will not stop trying to harass taxpayers who owe old taxes!"

But how are they going to collect old taxes from the taxpayers that just can't pay? We know they won't declare amnesty, so they'll have to do something else.

Well, quietly the IRS has been trying to solve this problem of collecting old taxes from taxpayers that simply don't have what they owe ... and what they have been doing may surprise you! In fact, it shocks most taxpayers.

The IRS Has Been Making Deals!

Deals so good you may not even believe the amounts.

What would you say if I told you that the IRS has been accepting on average 13.5 Cents on the Dollar as Complete Settlement...

I mean complete! They are making deals where the total of your Taxes, Penalties and Interest owed to the IRS are completely wiped out.

So what about you? How come you haven't been told about these deals? I'm not sure why your accountant hasn't told you, other than maybe they don't know about these IRS deals themselves. Most IRS employees won't tell you because they look at this program as a give away deal and they personally don't support it.

So it's up to you to look out for yourself and see what's available.

These deals with the IRS are not for everyone. But if you qualify they are truly a once in a lifetime opportunity to get you back on your feet financially.

Let's talk about this IRS deal program and what it's called. The IRS program is called OFFER IN COMPROMISE. During the last 12 months, over 27,000 of these deals (OFFERS) were accepted by the IRS.

These deals with the IRS can take quite a while to negotiate as it not uncommon for them to take 6-9 months. But when you consider how long it took you to get into trouble with the IRS and how long it will take you to get out, 6-9 months is not a very long time.

The IRS has stringent rules for potential taxpayers wishing to present a deal to them. The most important one is that any taxpayer wishing to request a deal must have filed all of their tax returns.

Now, I know that some of you may not have filed all your tax returns, but we can help you overcome this important rule. Some taxpayers can't find all their records to file old tax returns. Don't worry we even have ways to help you.

The bottom line is that having old tax returns filed is the easy part!

Taxpayers that are in compliance with all the IRS filing rules then have to look at their financial situation to see if they are within the IRS standards for having a deal accepted.

Our firm can quickly review your financial situation and explain the IRS guidelines for having a deal accepted.

This could be a huge turning point in your life if you qualify. Can you imagine how good it would feel to have the burden of the IRS off your back. Please call me at 816-220-2001 or online to schedule an appointment.

Will Your Tax Return be Audited

Few things are more unnerving than having your tax return selected for an IRS audit. The IRS uses that "audit anxiety" to help keep taxpayers honest on their tax returns.

DIF Scores Count

The IRS evaluates tax returns based on their "DIF" scores, a set of IRS formulas known as the "Discriminate Function System." About three-quarters of all returns audited are selected by the DIF computer, which compares deductions, credits, and exemptions with the norms for taxpayers in each income bracket.

While the IRS keeps these formulas very secret, you can count on having a higher audit probability if you fall into certain categories or report certain things on your tax return.

What Interests the IRS?

Some higher risk areas are -

• Tax protests. Both the IRS and tax courts are getting fed up with what they consider frivolous tax protests. If you file a return stating that you owe no tax because the dollar is worthless or make some other such protest, you'll probably be audited.
• High Income. Because auditing higher-income taxpayers is likely to produce more additional tax revenue than auditing lower-income taxpayers, the IRS targets this category.
• Certain occupations. Taxpayers whose occupations produce cash income, such as taxi drivers and waiters, run a higher risk of being audited. Self-employed individuals, particularly independent contractors, are IRS targets for the same reason; they are more likely to have unreported cash income.
• No preparer or a problem preparer. If you have a complex return and prepared it yourself, or if your return was prepared by someone on the IRS's problem-preparer list, you are more likely to be audited.
• Certain deductions. The IRS has found it profitable to audit returns that claim office-in-the-home deductions, travel and entertainment deductions, and certain other write-offs where they feel taxpayers stretch the truth.
• Related party transactions. Taxpayers who involve family members in their financial operations are more likely to be scrutinized by the IRS. Paying wages to your children, lending money to relatives, splitting income among family members, or running a family business will make the IRS more interested in your returns.

Your Best Audit Defense

Between one and two percent of all individual tax returns filed in any year will be selected for audit.

Unless there is suspicion of fraud or substantial understatement of income, the IRS has three years from the due date of your return to initiate an audit. Typically, most returns are selected within two years of their filing date.

The best defense in an audit is a two-part strategy:

• Have supporting documentation for all deductions and credits.
• See your Tax Professional immediately upon notification that you're being audited.

An Enrolled Agent is a Tax Professional and can put your mind at ease, find the information that the IRS wants more quickly than you can, and very likely will save you money in the long run by getting a faster and more favorable conclusion to the audit.

A good tax advice does not cost you...it pays you!

Mike Mead, EA, CTC of Alliance Financial & Income tax, a boutique tax firm is an ELP - endorsed local provider by Dave Ramsey. At our firm we put our client first, we start by conducting a confidential fact finding to accurately assess the client tax needs, goals, etc. we then work with the client to achieve these needs and goals.

Our Dave Ramsey clients are individuals and business taxpayers who are in need of all or any of the following specialized tax services:

• Professional tax preparation: we prepare various tax returns, we provide our client a tax organizer also known as a "deduction finder" to make sure the client captures all their deductions and minimize their taxes legally from the get go. Tax preparation by a tax professional entails specialized knowledge and know how, like maximizing your deductions legally while avoiding errors that could lead to an audit by the IRS and or the state.
• Blue Sprpings Back taxes help: we work with delinquent taxpayers in resolving their back years tax matters, such as unfiled tax returns, filing regular returns in lieu of IRS' SFRs substitute for returns, tax compliance issues, releasing tax levies, garnishments, and liens.
• IRS & State tax audits: we represent our clients before the IRS and various state tax agencies such as the FTB Franchise Tax Board, BOE sales tax board of equalization, EDD employment development department. Our clients do not meet or get intimidated by the tax auditor, we obtain a power of attorney and represent and protect the client accordingly. We review all tax returns, records, etc. We assist the client in reconstructing their rerecords, and preparing for a successful audit.
• Payroll employment 941 tax problems: many employers find themselves at odds with the IRS, business owners are great in managing their business, increasing sales, managing customers and vendors. When cash flow is tight, they might incur a payroll tax problem, and the IRS would make unrealistic demand for full payment and start levying the business' bank accounts, accounts receivables, etc. We know you have rights, we know your options, and we make sure you get the best resolution for the lowest amount possible.
• Blue Springs Tax planning: our clients keep their taxes at a minimum by conducting appropriate tax planning strategies to legally minimize their tax liability. Our tax planning and coaching service quizzes clients on their families, homes, jobs, businesses, and investments, then recommends specific strategies and concepts for saving tax. We package those recommendations in plain English, to deliver the savings they really want. Proactive tax planning is the key to keeping more of what you make. Taxpayers need proactive tax planning help more than ever before, we identify and explore opportunities with you to cut your tax bill.
• Estate and Fiduciary tax: we offer professional estate, trust and gift tax return preparation and planning, for both federal and all states. We assist our clients by looking for post-mortem planning opportunities that may save their estate significant tax expense. Even though a federal estate tax return may not be due, post-mortem planning should be considered to help ease the tax liability of the surviving spouse’s estate.

Do not compromise on your Blue Springs tax service provider, call us for a free and confidential 15 minute consultation at 1-816-220-2001.