Offer in Compromise

Taxpayers with minimal disposable income and equity in their assets might benefit greatly from an offer in compromise (OIC). With the IRS’s Offer in Compromise program, you can settle your debt for pennies on the dollar. People can use the program to bargain with the IRS concerning tax liabilities that have been incorrectly assessed or that they are not able to pay. 

If you are not eligible for an OIC, I will identify alternatives for you. Contact Sara Lane Tax Resolution today, and I will help you find the best path for your tax situation.

Installment Agreements

Taxpayers can enter into a formal arrangement with the IRS to make monthly payments to resolve a personal tax burden through an Installment Agreement. A payment plan with the IRS can last up to 72 months and often requires you to repay all of your tax bills during that time. This agreement assists the taxpayer in making their tax payments more manageable while preventing collection calls, tax levies, and wage garnishments. 

It’s never easy to handle everything on your own, which is why I’m here to help you at every turn. I will do everything in my power to make the process of requesting an IRS payment plan as simple and painless as possible!

Release of Bank Levy

If you owe taxes to the IRS, you can guarantee they’ll come after you to collect them. Your obligation to the IRS won’t go away, and there are methods for them to enforce collection. Each time your company pays you, the IRS is permitted to take money out of your bank account and deduct taxes from your pay. This implies that if you currently live paycheck to paycheck, your ability to pay your bills will be considerably more limited than it already is. The IRS has the legal authority to deduct a significant portion of your income, which is a terrifying thing to face. 

If you are facing a bank levy, contact Sara Lane Tax Resolution immediately to explore all your options. 

Release of Wage Levy

Not only is it expensive to not file your tax returns, but it is also against the law. The repercussions for failing to submit taxes or pay them are severe for both individuals and businesses. Whatever the reason, declining to file will only worsen the situation as compared to admitting your tax deficit and negotiating a settlement with the IRS. Don’t wait until the penalties pile up, get help from a qualified professional like me.

My job is to help you out of this situation by negotiating with the IRS on your behalf. I’ve represented many taxpayers who have been affected by wage garnishments, and I can help you as well! Contact Sara Lane Tax Resolution right away, and I’ll handle this problem quickly.

Innocent Spouse

The Innocent Spouse Relief is a provision in the US tax code that allows a spouse to be shielded from financial damages brought on by a spouse’s failure to pay required taxes. The law was implemented as a result of partners lying to their spouses about their financial situation, with unreported wages or an overestimated deduction reported as the most common mistakes. 

In the case that you have been the victim of fraud committed by a spouse or ex-spouse, I can analyze and evaluate your request to see whether you qualify for innocent spouse relief; in the event that you do not, we can discuss alternative solutions.

Penalty Abatement

Have you forgotten to file your taxes? Fortunately, the IRS offers assistance to persons who have been unable to pay their taxes due to unanticipated circumstances or other reasons. The IRS might be able to restrict or lessen the penalty if the taxpayer can offer a reasonable defense. However, in order to qualify for this courtesy, you should have filed and paid your taxes on time for the past three years. 

I can assist you in avoiding the penalties imposed against you for wrongly submitting or forgetting to file your taxes. Many of my clients have seen huge reductions in their IRS debt as a result.

Audit Representation

It’s advisable to have an experienced professional like me represent you when dealing with IRS or state audits. With me on your side, you never have to be worried about dealing with the IRS. I am capable of overseeing the entire procedure and will  speak with the IRS on your behalf.  As your representative, I’ll see to it that the facts are clear and the proper procedure is followed. 

Don’t wait for the worst to happen, call me the moment you receive an audit letter in the mail. It’s best to act fast and ensure you’re safe from any more tax problems.

Lien Release

Liens have the power to significantly change your life. Liens are used to seize assets, therefore the IRS has the right to seize whatever you possess. Once the IRS starts putting a lien on your assets, it won’t stop until all of your back taxes are paid. If you receive a notice of a lien, you should act immediately. I oversee all communication with the IRS to make sure that the appropriate actions are made and the issue is rectified as quickly as possible 

If you get a notice of a lien, call Sara Lane Tax Resolution right away. I’ll make sure to put an end to your IRS problems and get your lien released.

Lien Withdrawal

Lien Withdrawals remove the public Notice of Federal Tax Lien (NFTL) from the public records, but will not take away your tax debt obligations with the IRS. Sometimes a tax lien will be released by the IRS before your obligation has been fully satisfied. Remember, Lien Withdrawals won’t remove the lien from your property, a lien release will do that. Aside from that, it’s important to note that there are certain criteria you must meet in order to file a request for a Lien Withdrawal. 

If you are needing a Lien Withdrawal, contact Sara Lane Tax Resolution immediately to explore all of your options.

Lien Subordination

If you have a tax lien issued against you and owe back taxes, you might find yourself unable to sell or refinance property. You can remedy this problem by filing a Lien Subordination with the IRS. This enables you to refinance or restructure your loans while keeping the lien in place and making it secondary to any other loans. 

But, even with complex laws and qualifying conditions, I can guide you through the process and help you find the relief you need.

Payroll Tax Issues

Anyone who runs a business and pays their employees knows the importance of payroll taxes. The IRS takes payroll tax laws seriously and the penalties and fines for noncompliance are severe. Refusing to file and pay payroll taxes can get you into big trouble with the IRS. If these taxes (Payroll Tax 940/941) go unaccounted for an extended period of time, the business may be forced to close and its assets used to settle debt.

I can help you regain the time you need to run your business so you can focus on things that matter most — running your business. Call Sara Lane Tax Resolution today.

Trust Fund Recovery Representation

As a business owner, managing payroll can be overwhelming at times and even lead to problems with the IRS, if proper procedures are not handled appropriately. Businesses have a duty to compensate employees with their salary. They also have the duty of remitting the tax withholdings from the employees paychecks to the IRS. If these withholdings are not remitted to the IRS in a timely manner the company, as well as the business owner themselves, could incur a Trust Fund Recovery Penalty. The Trust Fund Recovery Penalty is the sum of taxes that a company withheld from employee paychecks but did not pay to the IRS.

Managing taxes and payroll can be challenging for some business owners. If you’re facing a Trust Fund Recovery Penalty, call Sara Lane Tax Resolution today to resolve your IRS problem.

Tax Return Preparation

Tax preparation is one of those tasks you should always leave to the professionals. Why take a chance when there is so much space for error and so much opportunity for a higher return? You might wind up saving thousands of dollars by acquiring help from an expert, and you can relax knowing that everything is being handled by a certified public accountant. 

I’m always looking for new tax deductions and reductions that I may apply to lower my clients’ tax obligations. Whether I’m doing personal income tax returns or corporate tax returns, Sara Lane Tax Resolution is your best bet.