IRS Penalty Abatement for Pittsburgh, PA Taxpayers

IRS Penalty Abatement services of Pittsburgh Pure Tax helps Pennsylvania taxpayers reduce the amount of tax penalty they owe the IRS. In other words, unlike some countries that withhold all of the taxes due from taxpayers, eliminating the need for reporting, the U.S. depends to a large extent on voluntary reporting and compliance. The penalties for failure to comply with the rules, even unintentional failure to comply, are severe. IRS penalty abatement specialists, like our dedicated staff at Pittsburgh Pure Tax, overcome these issues every day.

There are more than 140 distinct IRS tax penalties that may be levied against a taxpayer. These penalties are intended to prevent against non-compliance and to punish those who fail to comply with the Code.

IRS tax penalties fall into 5 principle buckets:

• Accuracy penalties
• Fraud penalties
• Underpayment penalties
• Late filing or failure to file penalties
• Combined penalties.

Interestingly, one of the harshest penalties is for failure to file rather than failure to pay taxes. No matter whether you can afford to pay your taxes on time or not, you should always file when due to avoid late filing or failure to file penalties which are among the harshest of the penalties. The “failure to file” penalty begins at 5% of the amount of tax owed the day after a tax return is due, and can reach as much as 25% of the total tax due after 5 months. Of course, the penalties for fraud are quite severe as well, reaching up to 15% per month, with a maximum tax penalty of 75% of the amount of tax owed. Moreover, there are potential criminal ramifications in the event of fraud as well.

Insofar as the penalties are cumulative, it is possible that multiple penalties will be applied to a single tax return or year. Because of the severity these penalties, it's without question your best interest to seek IRS penalty abatement from a local, professional tax help firm. Failure to act quickly to pay or attempt to even address your tax penalties will only increase the negative effect of your situation.

IRS tax penalties can lead to one or more of the following enforced collection activities:

Tax Liens— The IRS may file a public tax lien against you and or your assets, preventing you from selling assets without paying your tax, and potentially jeopardizing your loan and employment applications.

Wage Garnishment — The IRS can seize your wages directly from your employer, which means if you owe IRS tax penalties and fail to take action to settle your tax problem, the IRS can notify your employer of your tax delinquency and order them to send your wages directly to the IRS. (Learn more about wage garnishment relief)

IRS Seizures and Levies — The IRS can issue summons notifying you, your employer, your bank and others that the IRS intends to seize your property to pay delinquent taxes

In light of the severe consequences of failing to pay IRS tax penalties, again, it's in your best interest to seek local, and trustworthy relief for your tax penalty problems. There may well be mitigating circumstances that we can identify that can entitle you to a reduction in IRS tax penalties. Contact Pittsburgh Pure Tax for a FREE consultation about your potential IRS penalty abatement. (412) 927-1055

About Pure Tax Resolution

Pure Tax Resolution, headquartered in Milford, MI offers tax help to individuals and businesses with IRS back tax problems. From our tax help office in Pittsburgh, we work with clients throughout the greater Pittsburgh-Tacoma area to provide peace of mind and freedom from lingering back tax problems. The tax attorneys at Pure Tax Resolution are licensed in the State of Michigan, permitted to represent clients before the IRS in Pennsylvania state and indeed in all fifty states. In addition, our tax attorneys are licensed to appear before the United States Tax Court.

We provide tax resolutions for individuals and businesses who have failed to file tax returns and/or owe back taxes. In addition to employing a full staff of tax attorneys, we also employ a staff of experienced CPAs, who help to identify IRS errors and who can prepare delinquent tax returns for our clients to bring them back into compliance with the IRS.

There is no need to walk around in perpetual fear that the IRS is going to show up at your home or business. Once you hire Pure Tax Resolution, we will manage all communications with the Internal Revenue Service and all communications from them will be directed to us. We will work with you to develop a comprehensive tax resolution plan that works for you and the IRS, and eliminate that horrible feeling of being trapped by your IRS back tax problems. The consultation is FREE, so we invite you to get tax help you can trust, available 7 days a week!

Tax Accounting Services of Pittsburgh, PA

Unlike some other tax resolution firms that employ only attorneys or enrolled agents, Pure Pittsburgh Pure Tax Resolutions offers a full array of tax accounting services to accommodate our clients' needs today, and into the future.

Tax resolution-oriented accounting involves far more than simply crunching numbers on a calculator and filling out tax documents. Instead, it requires an eye toward strategy and how and when income and expenses may be recognized under law. It also involves concisely setting forth sometimes complicated calculations to persuade the IRS that our position is the correct one.

As our tax attorneys prepare your tax negotiation strategy, they work hand-in-hand with our certified public accountants (CPAs) to ensure that every financial detail is accounted for and presented in the proper manner. Our Pittsburgh accountants are specially trained and have years of experience in IRS tax resolution accounting.

Our accountants help individuals and business with the following tax help processes, among others:

• Preparing delinquent tax returns
• Minimizing business tax compliance issues
• Preparing Form 656 for the offer in compromise
• Preparing tax returns and other IRS forms
• Preparing for tax audits
• Preparing for IRS collection appeals
• Bankruptcy planning
• Financial planning, tax planning and more.

The Internal Revenue Code is complicated, and it's very common that Pennsylvania individuals and business owners feel overwhelmed by the complexity of the laws and regulations. The proactive accountants of Pittsburgh Pure Tax are part of our proven formula for providing comprehensive tax resolution methods to our clients in need of tax assistance in and around Pittsburgh, PA. Call today for a FREE consultation (412) 927-1055

Relief for Business Tax Problems - Serving Pittsburgh-area Businesses

Small businesses are crucial to the health of our economy here in Pittsburgh, but as committed these business owners are to growing their business, it’s a harsh reality that an alarming number of business owners in the Pittsburgh-area experience business tax problems at some point. When you’re spending blood sweat and tears trying to build a profitable business, the last thing you need is the stress and distraction of an IRS business tax audit or accruing tax penalties!

Business tax problems tend to occur within these 3 categories:

Payroll Tax Problems

Payroll tax problems can lead to the seizure of your business’ assets by the IRS.  When business’ experience slow cash flow, you may be tempted to borrow from the money set aside to pay payroll taxes.  Payroll taxes are Trust Fund Taxes and if you don’t pay them, when due, you can be certain that you will hear from the IRS.  Failure to pay payroll taxes is one of the most serious types of tax problems a business will face.

Worker Classification Issues - Employee or Contractor?

Your workers may or may not be independent contractors, despite the way you choose to treat them for tax purposes.  If you treated them as contractors, when they were employees under law, then you will owe payroll taxes on the compensation you paid them. To make matters worse, you’ll owe penalties and interest because of your failure to pay payroll taxes when due.

Overstated Tax Deductions

If you overstate deductions or under-report your income on your tax return, it goes without saying that you will owe back taxes, as well as penalties and interest.  Even in the case of honest mistakes, you’re going to owe the IRS more money than if you had just paid the tax on your full income in the first place.  The characterization of items of income and expense are not always crystal clear.  A Business tax problems attorney can help you accurately calculate your business taxes to minimize your back tax burden to the IRS.

Get relief for your business tax problems, today!

If you are a Pittsburgh-area business owner and want to resolve your tax problems, and proactively plan to maintain healthy tax status in the future, contact us for a FREE consultation about your business tax situation. (412) 927-1055