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Tax Solutions offered by
LK & Associates
Afford Peace Of Mind
From the moment we represent you, the government agencies will call us, not you. We will
ease the collection pressure they put on you. We will stand between you and the TAX MAN.
Audit Assistance
The tax audit notice is one of the most disturbing letters you may receive
from the IRS. You have the right to professional representation. Call for a consultation
about your particular situation. We can help!
Back Taxes
Back taxes are a big problem for millions of individuals and small business owners. How do
taxpayers get into the position of becoming "Non Filers" and what can they do
about it?
It is not against the law to owe taxes. It is, however, against the law to willfully
decide not to file tax returns in order to avoid or evade taxes.
How "Non Filers" get into the position varies. It is our experience at LK & Associates,
after having interviewed thousands of taxpayers, there are two main types of situations that
cause people to not file their returns.
Non Filer Main Causes:
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Small Business Entrepreneurial Startups: 80 % of all new business will fail in
the first five years due to two reasons. The two causes are; lack of adequate capital
and poor business planning. (Small Business Administration Statistic) The
undercapitalized businessperson many times resorts to not paying their quarterly
estimated taxes on their newly established self-employment income. They get into
business the first year and earn, lets say, a modest $50,000 after business expenses,
and realize at years end that their tax liability is approximately $15,000 of their
earnings. Oops. Now what? They either borrow more money or shut down and go back and get
a job, or they tell themselves "we'll make it up this next year and file an
extension on the current year." They have a healthy fear that if they file their
return before they can pay the tax, that the government will shut down their business.
Once nobody from the tax service comes knocking at the door the first year, it becomes
easier to get lulled into the "I'll do it next time when business gets better"
routine. These business usually go on for 3 to five years before the slow wheels of the
tax system catch up and begin a very stressful collection process that includes actions
like: Levies on bank accounts. The IRS and State also may levy your customer
receivables, which is not great way to build customer confidence. Sometimes the spouses'
paycheck from their regular job is garnished and that makes for a stressful and tense
home life. To make a bad situation worse, add a tax lien against your home and credit
report and you may not only have a tax problem but additional marital and health
problems to boot. Does this sound familiar? If so we can help. Call us for your free
telephone consultation and learn how you may qualify for a fresh start.
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Life Events That Cause Tax Problems - Live long enough and something unexpected
is bound to happen to you or those close to you. Real life situation change like
Marriage, Divorce, Accidents, Injuries, Sudden Illnesses, Death in the Family, Natural
Disasters, Loss of Job and Business failures to name a few. All of these naturally
occurring "Life Events" cause loss of income and stress. When people have a
sudden loss of income and begin to have stress they many times go into a survival mode.
After the smoke clears and things get back to a more stable situation people are often
left with choices like bankruptcy to start over. Taxes seem to be the last concern of
most people in these stressful times. Family, food, clothing, shelter, transportation a
job with stable income are the first priorities. Taxes and the collection process that
accompanies them often linger on for years. If you or someone you know is going through
similar life events now or have in the past, call us we can help with resolving the tax
situation so you can get a fresh start.
Bank Levy
Bank levies are issued as a collection tactic or last resort. We generally
have 21 days from issue to get this released for you. If you received a threatening notice
to levy call us immediately.
Bankruptcy
Income taxes are dischargeable in a bankruptcy if they meet several
guidelines. Call us to find out if your taxes meet the guidelines.
Bookkeeping
Were you records lost, missing, or destroyed? We can help. We can file your
back tax returns and the IRS will help us with the records we need.
Civil Penalty
Civil penalties stem from unpaid payroll taxes that are now the
responsibility of the individual. If you have payroll tax problems or civil penalties, call
us for a consultation about your options. We recently settled a case for $95,000 in payroll
tax owed, for a $2,500 offer in compromise.
Example of A Painful Experience Avoided
through Negotiation Planning
An individual had prepared their own tax defense prior to coming to us at LK & Associates
and the IRS denied their Offer To Compromise the several tens of thousands of dollars in
taxes they owed because they determined the person had an ability to pay of approximately
$16,800. We reviewed the clients financial disclosures and we discovered they had no car
payment in the Offer Proposal they had submitted to the IRS. Furthermore they were driving a
20 year old car that was dying. We discovered that they had recently purchased a car and had
a payment of approximately $350/month. This new expense enabled them to settle their IRS
debt for less $2,000 in a new Offer In Compromise Proposal. A little tax negotiation
planning goes a long way.
File All Back Taxes
It's not against the law to owe taxes; we don't have a debtor's prison. It
is against the law to willfully not file your taxes. Let us help you get into compliance.
There's no need to have any legal action taken against you. The IRS is not in the practice
of prosecuting non-filers when they voluntarily come forward to get into compliance. You can
take advantage of this approach..
Garnishment
A Tax Levy or Garnishment as it is often referred to from the IRS or State taxing
authorities is an aggressive action issued to your bank, you and your spouses'
employer and or your clients accounts payable divisions to collect all the monies
owed you or held in trust for you and pay over to the Tax Levying Authority, up to the limit
of the amount owed on the levy issued. This action can freeze the funds in your bank
accounts, remove your wages from your paycheck, and make your clients fork over the proceeds
from the billings you have sent them.
Wow! Think about any action or words that could best get your immediate attention and "Levy"
is right up there with the words "The tumor is cancerous"!
Levies should and can be avoided at all costs. If you receive a notice of intent to levy
or suspect you might have, (some taxpayers don't open IRS or State notices out of fear or
disgust or denial) then call our Office to set up a free telephone consultation. The
Professionals at LK & Associates can stop the levies and garnishments before they happen
and can remove them with proper negotiation and tax compliance after the fact. Call LK & Associates
now. You'll be glad you did!
How The Taxing Authorities Determine Your
Ability to Pay
You are allowed normal and necessary living expenses that are not subject to
enforced collections as long as you are in compliance. Call us for your evaluation to
determine if you whether have an ability to pay or compromise the liabilities.
How We Spell Relief
After evaluating thousands of individual and business tax client situations
our experience tells us that they carry a great deal of stress about their tax problems and
they'd like them to end. One Phone call to our Evaluation Team and you will get our unique
and comforting form of Financial Therapy.
Innocent Spouse Relief
Good news! The IRS has new relief for innocent spouses who are not
responsible for taxes accrued during the marriage. Call us to see if you qualify.
Installment or other Payment Agreements
The IRS has 10 years to collect under their statute of limitations once you
filed your returns. We can help you determine whether or not you qualify for a long-term
payment plan that you can afford.
Licensed Tax Representation
LK & Associates is a full service tax negotiation firm. It is all we do.
We take great pride in knowing what to do in negotiating with the tax authorities and we get
excellent result for our clients.
Offers In Compromise
The Offer in Compromise is one of the most exciting programs
for tax solution ever offered by the Internal Revenue Service. If you qualify your tax debt
can be Settled for Pennies on the Dollar. Your tax liens will be released and all collection
action on the old tax debt is stopped.
What's the catch you ask? Well the IRS has millions of unsettled tax accounts totaling
billions of dollars owed. The IRS policies and procedures for collection used in the past
cost the government millions chasing after taxpayers that would not produce any results. In
1992 the IRS approved and began fully integrating the new Offer in Compromise process that
allows a one time forgiveness of tax debt the taxpayer can prove can't be paid in a
reasonable time frame.
It makes good financial sense. After all, in the business world when you can't collect on
a debt owed to you, it is written off and the business goes on to serve the rest of it's
customers that can and do pay their fees.
The IRS rational is that tax collectors that get a fresh financial start will stay in tax
compliance, begin to pay all new taxes owed and stay on the tax rolls for the future. This
produces far more revenue in future taxes. And just to insure taxpayers won't repeat offend
after the compromise is struck, an IRS written agreement to file and pay on time for the
next five years is put into force. If after receiving a compromise the taxpayers re-offends
by not filing or paying the new taxes in the next 5 consecutive years then the deal is off,
the old tax debt becomes owed once again with the resulting penalties and interest and is
returned back to the collections division. Boy , that's what you call a great incentive to
stay in compliance. Now all you have to do is call and in 15 minutes we can determine if you
qualify to compromise your back taxes. So if you're thinking about procrastinating just put
it off and call us today instead!.
Click here to read more.
Personal and Business IRS Tax Negotiation
The taxpayer bill of rights provides us all with the right to representation
before the IRS. If you have a tax collection problem call us to discuss your case before you
talk with the IRS. Don't get pressured into making agreements that are not in your best
interest.
Pre Tax - Negotiation Planning Is An
Important Tax Payer Right
You wouldn't go into the lion tamers cage at the circus without extensive
preparation; training and security measures would you? We exaggerate the point to illustrate
that you have the right to stay outside the protective cage and avoid unnecessary financial
injury. The tax collection agency is not going to assist you in your argument as to why you
may not be able to pay. That is the job of your LK & Associates Licensed, Professionally
trained and experienced tax negotiator
Protect Rights
Congress recently enacted the taxpayer bill of rights. It packs a lot of
protections built in to keep overly aggressive tactics from being utilized unnecessarily. We
will make sure your rights are protected and respected.
Protection and Preservation of Assets
Asset seizure is generally the last resort for the IRS collection division.
If you've received threatening notices about seizures of your assets, call us, we can help
stop the collection now.
Reduce Debt
Many of our clients were planning to do a bankruptcy in order to get a fresh
start. They are hoping their taxes might be discharged also. LK & Associates works with
bankruptcy attorneys to help you find a solution that covers consumer debt, business debt,
and tax debt.
Seizures
The IRS has the ability to seize your property and assets like cars,
boats, business equipment and real estate. This procedure is normally one of the
last resorts in the collection process utilized when all other less aggressive methods have
failed. You no doubt have seen or heard about IRS offices all around the country offering
lists of recently Seized assets for sale at public auctions. Payroll taxes or trust
fund taxes as they are often called, are many times the type of tax owed that draws as
seizure action. This Procedure can and should be avoided at all costs. Call our LK & Associates
Office today for a free tax consultation to determine your options. You do not have to talk
with the Tax collectors directly. You have the right to Professional Tax Representation. LK & Associates
knows the complex IRS and State Tax procedures and policies and we can protect your rights
and your assets. Call us to day you will be glad you did!
Tax Lien
What is a tax lien and how does it affect me? The IRS and State Taxing Authorities issue tax
liens to protect the governments' interest is unpaid taxes owed. These tax liens are a
matter of public record and are filed with the county clerk from which you or your business
operates. Many times these tax liens can destroy your good credit and make it difficult or
nearly impossible to borrow the very funds you may be seeking to settle the tax debt and
help improve your business.
Many times these tax liens can be prevented from occurring by having LK & Associates
Representatives help you get into tax compliance. Levies and liens are usually the taxing
authorities last resort in collection. We can help you remedy this threatened course of
action. If you have received IRS or State tax notices of intent to Levy or Lien contact us
today for your free telephone tax consultation. Stopping them before they occur is much
easier than removing them in the aftermath. You have the right to professional tax
representation. It is affordable, easy, and will provide you with a solution that will bring
you peace of mind. Call LK & Associates today for your fresh start.
Tax Return Preparation
Let us help you file all your back tax returns even if you don't have all
your records. It is not against the law to owe taxes. It is just against the law for
willfully failing to file them.
Tax Return Preparation and Filing
We're a licensed tax firm. Our services include, preparing and filing
individual, business, corporation, and non-profit tax returns. Call us
AT (714) 850-1680, for a confidential
quote.
Tell Us About Your Problem
The chances are better than good that we have helped several thousand folks
with situations just like yours and we brought their tax problems to an end and got them a
fresh start. We can and will help you also.
The 30 Minute Evaluation
Our Tax Diagnosis takes an average of 30 minutes per client and takes the
form of a simple evaluation phone call. Once we know what taxes you owe, what you make, what
you own and what you pay out in expense it really narrows the field of solutions to a select
few that will resolve your particular situation.
Third Party Negotiations
LK & Associates is a licensed taxes firm that taxes IRS and State power
of attorney to provide you with the benefit of third party negotiations. We have hundreds of
power of attorney on file with cases with history of resolving our tax cases. Taxing
authorities respect and work with our licensed negotiators. We can help you through our vast
knowledge and experience to achieve the best solutions.
Wage Levy
A Tax Levy or Garnishment as it is often referred to from the IRS or State taxing
authorities is an aggressive action issued to your bank, you and your spouses'
employer and or your clients accounts payable divisions to collect all the monies
owed you or held in trust for you and pay over to the Tax Levying Authority, up to the limit
of the amount owed on the levy issued. This action can freeze the funds in your bank
accounts, remove your wages from your paycheck, and make your clients fork over the proceeds
from the billings you have sent them.
Wow! Think about any action or words that could best get your immediate attention and "Levy"
is right up there with the words "The tumor is cancerous"!
Levies should and can be avoided at all costs. If you receive a notice of intent to levy
or suspect you might have, (some taxpayers don't open IRS or State notices out of fear or
disgust or denial) then call our Office to set up a free telephone consultation. The
Professionals at LK & Associates can stop the levies and garnishments before they happen
and can remove them with proper negotiation and tax compliance after the fact. Call LK & Associates
now. You'll be glad you did!
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