We are Well Trained in Tax Resolutions
Omni Tax Help is a Tax Liability Relief company who specializes in handling both personal and business tax liability cases around the world. We help solve the most extreme tax liability issues and make it our priority to get people’s lives back on track. Even Though this process can be very tricky, we love helping people get through it from start to finish. Once a result is achieved, it can renew your life! Omni Tax Help is composed of expert tax professionals who are well trained in tax resolution.
An Expert tax agent will hold credentials as an enrolled agent, tax attorney or Certified Public Accountant. Everyone on our team is dedicated to helping you navigate complex tax issues.
What Is Tax Liability Relief?
The IRS has widened their Tax Liability Relief Programs in the past few years. By doing so, it makes the process easier for you to achieve a fair resolution. We understand that life happens and so does the government. Therefore, there are more options offered in solving your tax liability when you find that you can’t pay your taxes. Before applying to a specific program with the IRS, you must find out how much you owe in taxes. If you are not aware of what you owe, Then how can you decide which settlement program would work best for you? Your tax liability balance can be realized through notices sent to you in the mail, placing a call to the IRS or having a tax expert do the investigation for you.
What Happens If Your unable to pay Back Tax Liability?
If you fail to pay the taxes owed, they will find a way to secure payment using your assets. In contrast to a levy, a lien will not happen right away. A lien can be attached to your property –
- Home, Car, Boat etc.
But not utilized until the sale of that asset takes place.
How Can A Tax Lien Affect You?
A tax lien can also stop you from being able to refinance or sell your personal assets. Just because a lien isn’t used right away does not mean that it should be ignored. A tax lien can mean that more aggressive collection action is right behind it. A tax levy would take place after a lien is filed, if no payments are made to satisfy the past due federal taxes. A Tax Levy is a method used to obtain funds to pay the past due tax liability. Before any levy actions can occur, the IRS will send you a notice.
Don’t Ignore The Situation
Can Cause Several Problems
If You See This
Omni Tax Help Specialty
If you find that you have the means to make monthly payments, then there are plenty of options to set up an Installment Agreement with the IRS. This type of result will also depend on your financial ability to pay and can offer terms over 60, 72- or 84-month payment plans. There is a way to provide financial data to the IRS and fight to achieve the most affordable payment option for you. Omni Tax Help Specializes in saving our clients the most money possible and make paying the back taxes a breeze in the park rather than a nightmare that won’t go away. When setting up an Installment Agreement you will still be held accountable to pay off the total tax liability that is owed plus all penalties and interest that will be added to the balance during the terms of your payment schedule.
Omni Tax Help Special Offer
This program will allow you to settle your tax liability for a portion of what is owed.
- It all depends on your financial ability.
- Once the request is accepted the IRS will reduce the total tax liability owed.
- Once the liability is reduced you will be able to pay off the rest of the amount in a lump sum payment or through monthly installments.
- Although this sounds like the best type of relief, it is not always easy to qualify for an Offer in Compromise.
The IRS will take into account your income, living expenses, equity in assets, and overall ability to pay.
Omni Tax Help Knows The Best Strategy
How Penalties Really Work
Once the penalties and associated interest are removed, you will only have to pay back the principal tax that was assessed. The IRS has instant programs that allow relief from the penalties attached to the first year that you owe, with no questions asked. This request is known as a first-time penalty abatement. The penalties that will be removed with this request are zoned in to only be failure to file, failure to pay and failure to deposit penalties.
If you have been assessed any other penalties, and are looking for the first-time abatement relief, it will not be granted. You qualify for first time abatement relief by having no penalties assessed to you for three years prior to the first year that you owe.The IRS is very lenient in approving this request. If there are additional penalties for other years that you owe, then in order to request relief from them you will need to write a well prepared story with your request. There are over seven different reasonable causes that will qualify you for relief of penalties. You must make sure that each year you are requesting relief has a reasonable cause explanation. A penalty abatement request can cover all the years that you owe.