Tax Resolution Services in Rapid City, SD
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. The IRS considers your unique set of facts and circumstances, such as, your ability to pay, income, expenses and the equity in your assets. You need professional representation to get an offer accepted that does not break the bank for you. That's where we come in. Showalter and Co CPA will settle your tax debt for the lowest possible amount.
An IRS installment agreement or payment plan is an agreement with the IRS to pay the taxes you owe within an extended time frame. An installment agreement or payment plan is used if you believe you will be able to pay your taxes in full within the extended time frame. The payment plan can be set up allowing you to pay it off in a timely and affordable manner for you. The benefits of a payment plan is that you will stop accruing additional interest and penalties, stop the IRS from taking any future tax refunds and take away any problems dealing with banks, such as, obtaining a loan or opening an account. Payment plans are different depending on how much you owe. We can set up the best option for you.
Prior Year or Unfiled Tax Returns
Personal and Business, We can get your returns filed no matter how late they are. It's always best to file yourself instead of the IRS filing for you. It's just a matter of time before the IRS catches up to you. We can beat them to the punch and make sure your tax return is filed correctly. You need to have a certified public accountant (CPA) that is experienced in filing multiple years of unfiled tax returns. At Showalter CPA, we have the education and experience that you need to fix your tax situation.
Back Taxes Owed
You filed your taxes but could not pay at the time. So you ignored the debt and hoped that it would go away. Of course, it didn't. Now interest and penalties are adding up really fast. But that is not the end of the world, we have so many options to correct this situation. We do this every day. We know exactly how to tackle your tax problems in a way that will put you in the best position.
Payroll Tax Debt Relief
This one gets so many businesses in trouble. The penalties and interest added for not paying your payroll tax and filing your payroll tax returns can be severe. The IRS is relentless when collecting back payroll taxes. But this can be corrected. Didn't file forms 941 and 940? We can take care of this for you. We have many years of experience dealing with payroll tax debt issues. This one cannot be ignored. Showalter CPA can fix all of your payroll tax problems.
An IRS lien is an encumbrance on your property to secure the tax debt that is owed to the government. A lien can be placed against you or your business. Liens will show up on your credit report and will basically ruin your chance for doing anything at a bank such as opening an account, getting a loan, buying and selling your home. This can be fixed. We fix IRS problems every day.
An IRS Levy can wipe out all of your bank accounts. There's no end to which a Levy by the IRS can go. They can take your checking and savings account, your car, stocks and bonds, anything of value that they can use to settle your tax debt. We can fight against this. We can give you a fresh start with the IRS with the many solutions available.
The IRS can legally take a portion of your paycheck. Imagine waiting for your paycheck, having already planned out how you were going to spend it and it's gone! It happens all the time. We can negotiate the release of IRS wage garnishments by arranging a payment plan or one of the other solutions available in your situation. We can make this happen.
IRS seizures is the taking of physical assets, such as your car, home or business property. This is usually the worst case scenario when dealing with the IRS. Assets seized by the IRS are sold at auction. They will sell your assets to the highest bidder with no regard to the value of your assets. Often times, for pennies on the dollar. The worse thing, you could still owe the IRS even after they have taken everything. WE CAN STOP THIS FROM HAPPENING. It should never get this far. Let us help you.
Innocent Spouse Relief
Don't become the victim of what your spouse did. We can help. In many relationships, the financial duties are in the hands of only one spouse and sometimes that gets people in trouble with the IRS.
IRS Notices and Collection Letters
This is how it all starts, one of the first things that the IRS will do is to send you letters and notices and more letters and notices! They can be extremely difficult to understand. Fortunately for you, we have many years of experience and education on how to best respond to the endless stream of letters and notices that the IRS will send out to you. We can make the letters and notices stop from the IRS with a well developed plan in place.
IRS Revenue Officer
The IRS will escalate matters quickly at times. That's when they will send an IRS revenue officer to your home or business. You do not want to deal with an IRS revenue officer alone without proper representation from a qualified certified public accountant that specializes in tax problems. We can make the IRS revenue officers stop harassing you. We can take over all communication and negotiation with the IRS on your behalf.
We are proud to have successfully served tax resolution clients in the following States
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Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico