Tax Resolution Services in Manhattan
Everybody must pay taxes. It is not only our duty as citizens but the backbone of a modern society. However, for many people, taxes can bring serious financial concerns into their lives.
A simple mistake in your tax return filing can cause severe problems. Worse yet, you may not even know about these problems until years later, when you’re informed that the IRS is taking money directly from your paycheck to recoup the debt.
A significant percentage of Americans deal with situations like this every year, and it can have a very real impact on their lives and financial stability. But what can you do to resolve issues like these?
Our experienced Manhattan CPA firm is here for every taxpayer trying to deal with their IRS debt without falling further into the red. Our experience and expertise can help with nearly any tax situation.
When you are in significant debt to the IRS, they are able to leverage tax levies against you. This can include seizing property, such as homes and vehicles. In most cases, however, it usually results in the garnishment of wages directly from your paycheck or bank account.
In the end, though, IRS collection agents are generally reasonable individuals who want to collect what the agency is owed. With the right knowledge and attitude, it’s usually possible to talk them down to a more affordable rate.
IRS Installment Plans
As stated above, the IRS, while impersonal, can be a relatively reasonable agency. If a taxpayer in debt can demonstrate good faith and intent to pay off the obligation, the organization generally shows leniency or makes allowances.
When it comes down to it, their only interest is collecting what they are owed, not in punishing people.
Consult With a Financial Professional
At Bovell Financial, we understand that navigating tax laws and IRS procedures can be a confusing hassle. Our CPA, Jason Bovell, is a second-generation CPA with 20 years of experience in tax planning and comprehensive tax preparation.
For expert advice in taxes and IRS resolution, contact our firm today to schedule a consultation. We proudly serve the people of Manhattan, as well as the Financial District and Rockefeller Plaza.
Please take a look through our complete IRS problem resolution services by clicking on the links below.