Services

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We offer

Late Tax Return Filing

It is not common to have not filed your previous year tax returns on time. We can still help you in regards to being caught up and filing all of your previous year’s tax returns. There may be an abundance of solutions at your disposal if you choose, and we can discuss all of those options with you. It does not matter how old the return is that needs to be done, you have the right to file your original tax return, and it does not matter how late it is filed.

    There can be many consequences for not filing tax returns on time.

  • Penalty fees for failure to file
  • Penalties begin to accrue the day after your tax return is due.
  • If you file your return more than 60 days after the due date or extended due date, the minimum penalty is the smaller of $135 or 100 percent of the unpaid tax.
  • The penalty for filing late is normally 5 percent of the unpaid taxes for each month or part of a month that a tax return is late. That penalty starts accruing the day after the tax filing due date and will not exceed 25 percent of your unpaid taxes.

Instead of paying penalties, it is much more beneficial and in your favor to contact us and ask us for help and we can lead you in the right direction. It our job and goal to provide you with the services that can give you tax relief and give you peace of mind. Most taxpayers that have not filed on time may not have to pay any back taxes at all.

Elements of the System

Appeals

We also specialize in taking all tax matters to appeals if you are not satisfied with the result of the audit, Offer in Compromise, or even if the IRS made any errors in processing your payments or tax returns.

In many cases clients pay the amount as per IRS assessment without talking to experts like us and lose a lot of money. Also if one accountant or tax professional did not get you the satisfactory result you were in need of, we will take the matter into appeals and get you the best possible resolution to your tax problem.

“Every year, the Office of Appeals helps over 100,000 taxpayers resolve their tax disputes without going to Tax Court. We are an independent organization within the IRS whose mission is to help taxpayers and the Government resolves tax disagreements. Appeals do not seek to take sides in a dispute; rather we offer an objective point of view on each individual case. We review each case after the applicable IRS compliance has made its decision and work to resolve disagreements in the case on a basis that is fair and impartial to both the Government and the taxpayer.”

Appeals also offers mediation services through Fast Track Settlement and other programs. These mediation programs are designed to help you resolve your dispute at the earliest possible stage in the audit or collection process.More than 50% of cases can get a better result in appeals than at a lower level.

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    Tax Preparation

    We prepare all of our tax returns using our advanced computer software to double and triple check our work to ensure your tax return is being done correctly and indicates areas that the IRS focus on. This works for all tax returns from: individuals, S and C corporations, Limited Liability Corporations, Trusts, Estates, and Non Profit Organizations. Preparing your own tax return can deem to be a difficult task at times. The majorities of taxpayers that use a tax professional in turn have no issues and are happy with the outcome of their tax preparation and feel it was extremely beneficial to them.

    We emphasize safety and peace of mind here at Professional Tax Consultants, INC. We also want to give you advice beyond just filing your tax return. We will offer advice on how to reduce your taxes and use all the benefits to your advantage. We want to save you as much money as possible and give you every opportunity to deduct where you can in the correct manner. We also file the tax return electronically so you can get your refund much faster.

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    Back Taxes Owed

    In some cases penalties and interest can compound and add up quicker than you think. If you continue to ignore the notifications from the IRS you will obtain more penalties and interest. Leaving taxes unpaid could cause some serious issues, for example the IRS could eventually issue a Lien. This allows the IRS to place a claim on personal assets including your home for the security of the tax debts. If the nonpayment’s continue they can now seize the property and sell it to for the debt that is owed.

    Depending on your current case or situation, you may be eligible for different types of tax relief programs. There a considerable amount of options available. We can determine what you are eligible for and find the best solution to the problem so you can pay the minimum tax possible. Our goal is to give you that peace of mind you are in need of and to relieve you with us much debt as possible.

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    Offer in Compromise

    You can settle your debt with the IRS with an Offer in Compromise program. This program allows you as the taxpayer to settle the debt with the IRS at lower amount as a full and final settlement of an amount that is affordable to you. Taxpayers can compromise all types of taxes, penalties and interest including payroll taxes. This is safe way to settle the debt without having to have any further issues. This program makes it possible to eliminate all taxes that are owed including interest and penalties owed and a reasonable amount for both parties involved.

    We are here to help you with this process in the most professional careful manner possible so that the offer can be accepted by the IRS. We will take into account your income, future budget, and your financial needs to prepare the best compromise for you. If the offer is done correctly, this program can save you the taxpayer thousands of dollars.

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    Tax Levies/Liens

    If you the taxpayer continues to ignore notices and fail to contact the IRS for taxes owed. The IRS will try and get your attention in other ways. One of those by issuing levy, levies are used to seize wages and any other assets you may have. The IRS has the power to sell any type of property to settle a debt. They can take these assets or these specific actions if deemed necessary:

    Wage Garnishments including income and commission
    Property that is yours but held by someone else
    Real estate property
    Retirement Accounts
    Rental Income
    Accounts Receivable, if you have your own business
    Dividends
    Licenses
    Cash value of insurances
    Home, and any type of vehicles or boats
    Bank Accounts

    Please speak with us immediately to avoid such scenarios, we have the experience and tools to avoid any of the above situations. We have resolved many cases and situations in this matter by having many of these released to give you the money you are working hard for back.

    The difference between a Lien and Levy is an IRS levy is where the IRS can seize and sell your property or any assets that you own. A lien secures the governments interest on the property or other assets if the tax debt is not paid on time.

  • HR and Compliance Issues

    Our HR software is a fully integrated system that allows you to meet your company’s HR requirements on a continual basis. Starting with the interview compliance checklist through the exit interview, the system can fully automate your HR demands.

  • Back Office Processing

    Utilization of our system will allow you to eliminate the accounting staff that would be required to reconcile bank statements and track uncashed checks.

  • Employee Tax Credit Processing Service

    Our processing center allows participating companies to gain valuable Federal & State Tax Credits for employing and or training certain types of employees.

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We deal with all tax related problems:

  • Tax Levies & Liens
  • Wage Garnishments
  • Offer-In Compromise
  • Reducing IRS Debt
  • Resolving Back Taxes/Late Tax Returns
  • IRS Audit Defense and Payroll Tax Negotiation
  • 100% Penalty Cases/Trust Fund Penalty
  • Subordination of Tax Liens
  • Tax Returns (Individual & Business)
  • Appeals

We will review your case thoroughly, investigate and determine the best options for you, and then we will begin our case work and finally resolve your issues with the best and most proper representation in order to save you the most money possible and relive you from any stress you may have.

Fund Penalty

100% Penalties/Trust Fund Penalty

These penalties are assessed against officers or any responsible person of the corporation which may include Bookkeepers and Accountants handling payroll processing. All employers are required to deposit Payroll Taxes including employee and employer share as per rules. This can also be called the Trust Fund Penalty.

Section 6672 of the Internal Revenue Code imposes personal liability on responsible officers or employees for 100% of unpaid trust fund taxes, thus the term resulting in "100% penalty". When the employer fails to pay withheld social security or income taxes, the IRS quickly begins to investigate which person or persons have the legal responsibility for paying over these taxes. The investigation can involve a multitude of people including any officer, shareholder, agent or employee under a duty to withhold and pay over the tax during the period of non-payment. The IRS will use all of their resources as they need, and can summon bank records, employment tax returns, cancelled checks and other business records to determine who is ultimately responsible whether it is multiple people or not. Typically, the IRS will assess the 100% penalty of Section 6672 against the corporate treasurer, as well as any person who has signed the company’s employment tax return or tax payment checks previously sent to the IRS. In addition, a corporation's president and other executive officers are often targets of the 100% penalty.

IF YOU THINK YOU MAY HAVE OR INCURRED THIS PROBLEM OF NOT PAYING PAYROLL TAXES, it is advisable to contact as immediately!

Benefits of our Website

Our system will take care of your requirements of local and/or a national tax and will help to control the cost of tax production

  • No Startup Costs

    You can add the product today without any startup costs. No software to buy, no franchise fees of any kind.

  • Low Wholesale Price

    We bill you our low wholesale prices and you resell the tax services at your normal billing rates.

  • No Territory Restrictions

    There are no territory restrictions and you can sell the tax services throughout the US.