April 22nd, 2009
The IRS has the ability to collect tax debt by garnishing your paycheck, levying your bank account, or seizing your home or other assets. If the Internal Revenue Service determines that you owe an outstanding tax debt and perceives that you are attempting to avoid paying them, they can use these techniques and more to collect. Today we will talk about wage (paycheck) garnishments.
The IRS can contact your employer and require that they withhold a certain amount from your paycheck, and your employer will have no choice but to comply. This amount can be up to 30% of your paycheck! The IRS will continue to take money from every paycheck until the debt has been repaid. When determining an amount to take, the IRS considers the average costs of living for your living situation and location. The problem is, everybody’s financial situation is different, and while the average taxpayer may pay a certain amount for food and housing, your situation may differ. This can result in the IRS taking so much of your paycheck that you cannot afford to pay your bills. By hiring a tax negotiation firm, you have an instant advocate who will fiercely negotiate with the IRS to release the wage garnishment as soon as possible and will help to get you back on track with your tax obligations.
Omni Financial can help to get your wage garnishment released, so that you can continue to pay your bills. Don’t wait another minute, every second spent with a tax debt adds up to more money. By calling us today at 1-877-987-OMNI for a free consultation, you will have made the first step on the road to being tax debt-free!
Tags: Internal Revenue Service, IRS, levy, paycheck garnishment, Tax Debt, Taxes, Wage garnishments
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April 16th, 2009
It’s that time of year again, tax season. It is around this time that people begin to accrue tax liabilities with the IRS and state taxing authorities, which can lead to levies, wage garnishments, liens, and even property seizures. For many people, the April 15th deadline has come and gone, and another year of late filing has begun. It’s important to know that even if you have filed an extension, this extension is an extension to file, not an extension to pay. Even though the IRS grants you an automatic six month extension, penalties and interest can and will be assessed until you pay your tax debt. Don’t wait any longer to address your tax problems. When it comes to the IRS, time is money. Don’t hesitate to call Omni Financial today at 1-877-987-OMNI. We will be happy to help formulate a plan to will get you back on track, and on with your life.
Tags: April 15th, Extension to file, IRS, levies, Liens, Property Seizure, Taxes, Wage Garnishment
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April 8th, 2009
Today let’s take a look at the circumstances that can lead to the IRS garnishing your wages, seizing your property, or levying your bank account.
If you own your own business, it is important to stay on top of your tax obligations to the IRS. If you are required to make estimated tax deposits, it’s vital to make sure that you make these payments on a quarterly basis. If you allow your taxes to build up over the course of the year, it is often difficult to catch up. The best defense against accruing an IRS liability is to be proactive. If you find that you cannot afford to pay the IRS when it comes time to file your returns, it is still best to file by the April deadline. Additional penalties will be assessed if you fail to file your tax return by April fifteenth, so it’s best to file your return even if you can’t pay. If you should find yourself in a situation where you can not meet a tax obligation, do not hesitate to contact us as soon as you are aware that there is a problem. With Omni Financial’s expertise in dealing with the IRS, we can solve most problems, and can educate you on the best way to avoid future problems. Our goal is to achieve the most affordable results possible, while providing our clients with an education that will help them prevent future problems.
Contact us today at 1-877-987-OMNI for a free consultation and we will provide you with the intellect and know-how to deal with the IRS in a simple, affordable, and effective manner.
Tags: IRS, levies, tax, Tax Debt, Tax Help, tax levy
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March 17th, 2009
Wondering how to avoid levies, liens, seizures, and other tax problems? With our helpful hints, we can help you avoid problems with the IRS.
Today, let’s talk about keeping business and personal finances separate. While managing your business, no matter how large or small, it is tempting to “co-mingle” your business and personal payments and expenses, but taking the time to keep them separate will prevent a mountain of headaches in the future.
While it may seem trivial, making the decision to keep your accounting meticulous is one of the best foundations for running a successful business. While conducting your business, keep your personal bank account free of any operating expenses or accounts receivable and make any personal purchases from your personal account only. Be sure to track your business expenditures and invoices separately from your personal wages and expenses. If the Internal Revenue Service asks you to substantiate your expenses and income, it will be nearly impossible to go back and prove what expenses were business-related if all expenses, both personal and business, are paid from the same account. While you dig through old receipts and bank statements, interest on your tax liability continues to accrue.
Careful planning and prudence can prevent potential nightmares and ensure that your business remains productive and profitable while guarding against future headaches.
For more information on this or any other tax help needs, call Omni Financial today for a free consultation at 1-877-987-OMNI, or visit www.omnitaxhelp.com for more information.<-->
Tags: Business Help, IRS, levies, levy, tax, Tax Debt, Tax Help, tax levy, tax lien
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March 6th, 2009
I love your new blog… Thank you so much for your help. The state of Wisconsin was trashing my bank account before you guys helped me out. Do you have a referral program?
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March 6th, 2009
Do you have questions about tax liens or levies? Post them here.
Tags: levies, levy, tax, Tax Debt, Tax Help, tax levy, tax lien
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March 5th, 2009
Bobby came to Omni Financial with a liability amount of $55,000.00 owed to the IRS. Omni Financial immediately secured a Stay of Enforced Collections on his account for 30 days, keeping the IRS at bay. Omni Financial has also assisted in filing missing tax returns from past years and has submitted an Offer in Compromise in the amount of $8,500.00. Upon acceptance, Omni Financial will have saved Bobby $46,500.00. Bobby has been so pleased with Omni Financial thus far he has recommended a family member with the same problem.
Tags: IRS, Offer in Compromise, OIC, tax, Tax Debt, Tax Help
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March 5th, 2009
Larry hired Omni Financial with an IRS liability of $143,000.00. Omni Financial worked with his accountant to find that a crop insurance payment was not properly documented in 1999, which would reduce his liability. Omni Financial assisted in arranging a loan to pay off the principal and interest, which amounted to $110,000.00. Omni Financial was able to save Larry $33,000.00 by getting the remaining penalties abated.
“The staff of Omni financial was professional, honest, and compliant to all my tax needs, answering all my questions courteously. Thanks again for your service and I will highly recommend anyone to be a future client of Omni Financial.”
Tags: IRS, penalty abatement, tax, Tax Debt
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March 5th, 2009
TAX DEBT:
$29,789 IRS
“My entire life was a mess. I didn’t know what to do, so I put it off for too long and my problems seemed to get worse each day. Omni resolved my tax problems quickly, and professionally. I don’t want to think about where I’d be right now without Omni’s help.”
Tags: IRS, levies, levy, Offer in Compromise, OIC, tax, Tax Debt, Tax Help
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March 5th, 2009
TAX DEBT:
$85,000.00 PAYROLL LIABILITY
Weston & Sharon came on board with Omni Financial with a payroll liability amounting to $85,000.00. The Roses were already in collection status and assigned to a Revenue Officer. The IRS filed a levy against the Roses bank account, seizing all cash funds that were to be utilized for business operations. Omni Financial negotiated the release of the levy, freeing the funds for business operations, helping to keep the business open.
Tags: IRS, levies, levy, tax, Tax Debt, tax levy
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