Being contacted by the Internal Revenue Service over a tax matter is a nerve-wracking experience. The IRS is a powerful government agency that has an unfair advantage over individuals and business. The best way to level the playing field, however, is with the help of an experienced tax accountant and attorney.
DE Whiting, LLC routinely represents clients on a wide range of tax disputes in Concord and surrounding communities in Merrimack County and throughout the State of New Hampshire. We help clients who have unpaid taxes, unfiled tax returns or who owe the IRS money following an audit.
If you fail to pay taxes or file a return, the IRS can impose financial penalties that may be added to your total tax bill. In short, the agency can place a lien on you or your home, or implement a tax levy and seize income, financial accountants and property to satisfy the tax debt.
At DE Whiting, LLC, we work to protect our clients’ assets, income and property and make sure they are treated fairly by the tax authorities. We have over 30 years experience preparing tax returns and are well versed in the Internal Revenue Code. If you are involved in a tax controversy, we will advocate on your behalf before the IRS and negotiate a resolution.
If you are facing a tax penalty, there are a number of relief options, including:
It may be possible to enter into an IRS installment agreement and payment plan. In this arrangement, you pay the IRS a set monthly payment over time until the debt, interest and penalties are paid in full.
Offer in Compromise
In this situation, the tax debt can be settled for less than the full amount if the service determines that paying the debt entirely will cause you serious financial hardship.
Tax Penalty Abatement
This program allows you to reduce, or abate, penalties under the following limited circumstances:
- You received incorrect advice from a tax preparer
- You received incorrect guidance directly from the IRS
- You have a serious illness or significant disability
In order to qualify for an abatement, however, you must have a good prior history of paying your taxes. In addition, it is necessary to show you exercised reasonable care and prudence in determining the tax obligation but failed to make the payment nonetheless.
In some cases, the IRS may waive the penalties. There are two types of waivers, administrative and statutory, that apply in limited circumstances. We can advise you as to whether you are eligible for a waiver.
Protecting Taxpayers from Penalties
At DE Whiting, LLC we will help you explore all of your options and negotiate a settlement with the IRS. We can also prepare tax returns for prior years that were not filed. If you have received a notice from the IRS or are facing a potential penalty, don’t go it alone. Call our office today so that we can help you resolve the matter and put your mind at ease.