Tax Review Service
Redding
& Associates will reconcile your tax account to ensure that you have
no outstanding balances. The I.R.S. notice may get lost in the mail
or you move, but the outstanding balance continues to go up. With
this service, you can be safe from "unknown tax balances". The Tax
Reconciliation service is designed to help taxpayers that need
specific information about the status of their account with the
Internal Revenue Service (IRS). Many taxpayers complain about
receiving inconsistent or incomplete information from the IRS. This
service provides taxpayers with clear and concise information about
the status of their IRS account.
As part of our Tax Account Review, we provide a year by year break down detailing how much is owed for each particular tax year. Additionally, we detail the total amount owing calculated 30 days into the future with instructions on how to properly send payment to the IRS, in the event that you wish to full pay your account balance. Many of our clients are actually surprised to learn they owe less money to the IRS then previously believed.
We also determine whether the IRS has the correct record of all your tax returns. Many taxpayers assume that just because they "filed" a tax return it was received and processed. Unfortunately, there are stories each year of tax returns being lost, not processed, or even stolen. If the IRS doesn’t show that a tax return was filed in their records then they could file an SFR (substitute for return), which results in a tax liability with the IRS.
The IRS has a limited amount of time to collect back taxes, called the statute of limitations. With our Tax Reconciliation service we find out exactly when tax debts will expire. This information is especially useful for taxpayers that have older tax liabilities or are on a financial hardship status with the IRS.
Moreover, we can determine whether the IRS has filed a tax lien. An IRS tax lien attaches to all property and may appear on a credit report. Knowing in advance whether you have a tax lien prepares you for situations if you plan to sell a secured piece of property and/or apply for credit.