New Century Consulting is the solution for your Federal and State tax relief. We
are dedicated to helping you with your tax problems, including: preparation of delinquent
tax returns, garnished wages, levies, liens, audits, back taxes, & debt settlement.
Our firm specializes in negotiating a resolution of your tax issues as quickly and
painlessly as possible. End Your Worry Today & Contact us for a free consultation.
We Specialize in:
- Offers in Compromise
- Installment Agreements
- Bank or A/R Levies
- Wage Garnishments
- Asset or Business Seizure
- Property Liens
- Penalty Abatement
- Trust Fund Recovery Penalty
- Collection Appeals
- Innocent Spouse Relief
- Preparation / Filing Past Due Returns
- Taxpayer Advocate Assistance Orders because of a Hardship
Prevention or release of Enforced Collection Activity
Levies are a very powerful tool the IRS and other tax authorities have at their disposal.
Even if a bank account levy does not attach to much money a levy can still create a hardship
and put a company out of business very quickly. Working with the IRS to prevent the
harm caused by levies is a top priority. We will work diligently to stop collection efforts,
then work hard to find the best overall solution to your problem.
Tax Reduction and Penalty Abatement
The tax liabilities any taxpayer has usually includes significant penalties making a
repayment of the liability in full very difficult in a reasonable period of time. We may be
able to have many of these penalties reduced if incurred for reasonable cause. Often a liability
may also consist of Civil Penalties assessed because of a discrepancy between different returns.
We can review your returns and identify the source of the penalty to eliminate the penalty.
Liens on Real Estate
Many people with tax problems have equity in their home or other real estate. Yet they cannot
refinance or sell, due to the lien. Losing a home due to tax problems can be devastating, both
emotionally and financially. New Century can help.
Tax Resolution Services
The IRS expects taxpayers to full pay any liability immediately, omitting the fact that you are entitled to an Installment Agreement by law. For the IRS to approve your Installment Agreement, your
Revenue Officer will have to be convinced that the amount of your payment is the most that you can afford. While it is in your best interest to pay the liability as quickly as possible, it is counterproductive to agree to a payment that is not manageable. Without careful analysis of your financial information, you may well end up with payments you cannot afford to make.
The IRS imposes significant penalties for a number of reasons. The most common penalties are for failure to deposit employment tax, continued failure to pay taxes, and failure to file tax returns. These penalties may be abated for reasonable cause. The IRS guidelines look for very specific events such as natural disasters, health problems, or incorrect advice from the IRS or your accountant. However, there are dozens of reasons that a taxpayer may not be reasonably expected to comply. We will need to look carefully at the events surrounding the liability for the exact cause of the non-payment. The IRS will make us work hard to convince them that the penalties should be abated and therefore, there is no substitute for a well presented argument.
Partial Pay Installment Agreement
Where an agreement cannot be reached that results in full payment of the tax liability within 60 months, a Partial Pay Installment Agreement may be possible. However, this type of agreement is typically difficult to negotiate.
Offer in Compromise
An Offer in Compromise is a formal program of the IRS to allow a fresh start to taxpayers who want to pay their taxes but cannot pay in full. The Offer will require either a lump sum payment or monthly payments based on the taxpayer's equity in assets and disposable income. In 2006 the IRS made significant changes to the Offer program to curb perceived abuses, but in the right circumstances the Offer program can still be an excellent way to resolve a tax liability. We will work hard to provide you with the best chance of having your Offer in Compromise accepted by the IRS.
Currently Uncollectible Status
If all else fails and you do not have the means to pay, you may be able to have the IRS place your case on hold, possibly indefinately. This is even possible for an ongoing business, but it will require a very convincing argument that the business can stay current and compliant going forward, but cannot make payments on the back tax liability.
Innocent Spouse Relief
If the IRS is pursuing you for taxes on income of a spouse or former spouse you may qualify for innocent spouse relief. If so, we can help you to qualify by presenting a strong argument in your favor to the IRS.
Investigation and Recommendation Service
There are many benefits to being represented by a Tax Resolution Professional and our Investigation and Recommendation Service is a good place to start for those who want to represent themselves. For those who choose this path, we will obtain information on your behalf regarding the status of your case within the Internal Revenue Collections System, review your current financial circumstances and the circumstances which lead to your accrual of the tax, and provide you with a detailed resolution strategy. We will also ensure you understand the IRS rules, your rights, and the obligations you must meet to obtain a resolution.
If you later decide you need professional help start to finish, we will be able to help you from where you left off.
What does New Century Tax Charge for Services?
Penalty Abatements, Installment Agreements, Offers in Compromise, and other resolution services: Circumstances vary from situation to situation, please contact us to discuss which resolution service would be best for your situation. Please call us at 888-506-2880 for a quote.
Tax Return Preparation Standard Rates
||Schedule C or F
Please contact us for a quote, and timeframe for completing your returns.
The above fees may be increased due to unusual complexity.
Do you have past due tax returns to file? Have you lost your financial records?
Our licensed professionals can help you file outstanding tax returns. We can prepare personal income tax returns including sole proprietorships, partnerships, & most LLC State and Federal income tax returns. We can even help you reconstruct income for years in which your records have been lost.
We also prepare past due State and Federal employment and unemployment tax returns.
Many people and businesses have outstanding tax returns due to the complexity and time commitment required to get them done. Add to that problems with missing records, health issues, and or personal tragedies and tax return filing requirements can be very difficult to meet. Further, if you do not file returns yourself, the Internal Revenue Service may do it for you. When this happens, the IRS usually overestimates your income and doesn't give you credit for deductions to which you are entitled. The good news is that even if the IRS has prepared a return for you, you can always replace it with an actual return.
If you have missing records, it may be difficult to prepare an accurate return, but you still have an obligation to prepare one as accurate as possible. We can help you with that as well & ensure you get the deductions you are entitled to.
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