If you or someone you know (i.e., family, friends, partners, employees, subcontractors) is facing IRS difficulties, you can find out how to get back on track with these 7 insider secrets. Learn new strategies on resolving tax debt and delinquent tax returns so that you can avoid severe IRS penalties and financially devastating levies on your wages and bank accounts and ultimately get a fresh start.
With years of record deficits, the government is more motivated than ever to get every dollar of back taxes, penalties, and interest from delinquent Taxpayers. If you find yourself owing back taxes and IRS penalties, here are the seven tax relief secrets the IRS hopes you never see.
Tax Relief Secret #1
IRS Penalties Can Be Removed
The IRS has over 148 different types of penalties they can charge against you. The worst part is that the IRS can also charge interest and additional penalties on top of the original penalty.
Penalties can be such a high percentage of the total amount owed to the IRS, it usually makes sense to consider requesting the IRS reduce all penalties to ZERO before you pay the IRS. But If
you’ve already paid the bill, it can’t hurt to ask for a penalty abatement and refund.
IRS penalties can often be reduced to ZERO if you have REASONABLE CAUSE. What makes up REASONABLE CAUSE you ask? Well, in our experience in negotiations with the IRS, anything may qualify as long as it’s reasonable. We’ve had the IRS abate penalties for medical reasons, bad accountants, ignorance of the tax laws, ex-spouses, helping to provide care for a loved one, military call-ups, fires, floods, alcoholism, drug abuse, death and even for relying on IRS advice.
Tax Relief Secret #2
File All Tax Returns On Time
Many people don’t realize that the IRS charges a penalty of up to 25% just for filing your tax return late. That’s right, you will be charged with an additional 25% of what you already owe if you miss the deadline for filing your income tax returns, payroll tax returns or corporate tax returns. We see so many people who could have saved THOUSANDS OF DOLLARS on penalties if they just knew this one thing. So in the future no matter what is going on in your life, file all tax returns on time even if you can’t send in the money owed with the return. Yes, you may get a letter from the IRS for not sending in the money owed, but you will have avoided a 25% penalty.
Have audit questions? Contact Keith Jones CPA for Tax Relief Secrets #3-#7.
Keith Jones CPA is trusted and reliable CPA who solves IRS problems from comfort of your home. I help people have a more positive experience with IRS and back taxes by getting tax relief with Offer in Compromise & Installment agreements.
Keith Jones CPA, TheCPATaxProblemSolver
One of the BEST Tax Relief Companies & Tax Professional that Advocates for YOU with Back Tax Filing!
Since 2005 Keith Jones has been the sole partner of Keith Jones CPA TheCPATaxProblemSolver.
His specialization is offering IRS tax debt relief, tax resolution & back tax filing to clients across this great country with an emphasis on clients in North Florida where he was born, raised, educated, and has lived his entire life.
With offices in Jacksonville, St Augustine, and Destin Florida, he provides tax planning, accounting, as well as tax preparation services to both individuals and businesses.
Specializing in payroll tax debt relief he runs a very successful practice area in which he is well versed and experienced.
Keith is a tax professional who has helped thousands of GOOD FOLKS solve their IRS tax problems restoring their financial freedom.
This he takes great pride in taking each case personally restores clients financial freedom, giving them peace of mind, a better night of sleep & often saving marriages keeping families together.
For most Americans, dealing with the IRS can be an incredibly overwhelming & high-pressure situation. It is not something they routinely deal with and do not know how to handle.
Keith is a tax professional who deals with these cases daily.
Keith has found that almost every single person he deals with is NOT a tax cheat or deadbeat, but someone who is not able to pay their tax debt due to a financial hardship, often which happened not of their own accord.
Usually, there is a sickness, tragic situation, job or business loss, or some other unfortunate circumstance leaving them scared and not knowing where to turn.
Keith takes this fear away immediately at sets clients at ease by educating them on tax debt relief programs available.
TheCPATaxProblemSolver understands your burden & strongly believes that being informed is one of the keys to successfully navigating the IRS tax relief programs to a fresh start restoring your financial freedom.
Keith was born and raised in the small coastal town of Port Saint Joe Florida and earned his Bachelor of Business Administration and majored in Accounting at Florida State University’s College of Business. He has been a licensed CPA in Florida since October of 1995.
In college and then while studying for his CPA he worked as an Auditor and as a Senior Tax Specialist with the Florida Department of Revenue.
After passing his CPA exam Keith served as Division Controller for the St. Joe Company where he was recognized nationally for his efforts by being inducted into the AICPA’s Business & Industry Hall of Fame.
Elected as a Regional Vice President by his peers for the Florida Institute of CPAs (FICPA).
Through the years, he has served the Accounting Profession and FICPA in many capacities, including as:
Past President of the Miracle Strip Chapter of FICPA
Past Regional Vice President of FICPA
Member of the Finance Committee for four years
Member of the Board of Governors for twelve years
Chairman of the FSU Accounting Conference where he was Chair of the Year
Trustee and Past Vice President of the FICPA Educational Foundation
Member of several committees
In his spare time, he enjoys the beach, walking, boating, and fishing as well as spending time with family.
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