Brooklyn, NY, Tax Attorney for Tax Resolution

If you live in Brooklyn, NY, and are dealing with tax issues, you’re not alone. Millions of Americans have to face tax challenges every year, whether back taxes, unfiled tax returns, audits, or tax penalties. If you live, work, or do business in New York, you have to contend with the New York State Tax Agency on top of the IRS, which only adds to your problems.

Working with the right tax professional can make all the difference. You need an expert who can help you understand tax laws and negotiate on your behalf with the IRS. Finding expert tax representation in Brooklyn, NY, is a must when you’re facing any tax problem.

Timothy S. Hart Law Group provides a host of tax relief services to help you navigate complex regulations at both the federal and state levels. Contact us today to talk to an expert about your unique situation.

Key Takeaways

• 1. Common tax problems in Brooklyn – unpaid taxes, unfiled returns, tax penalties, tax audits, or disputes.
• 2. Tax relief options – payment plans, offers in compromise, partial payment installment agreements, currently not collectible status, and penalty abatement.
• 3. How to get help – Work with a tax attorney, who can help you resolve any tax issue, even if you’re facing collection actions like tax liens and levies.
• 4. Personalized solutions – Tax attorneys bring local knowledge and provide personalized services, so support is always specific to your case.
• 5. Contact us – The team at IRS Tax Pros is ready to help you with tax resolution. Schedule a consultation today.

Common Tax Issues in Brooklyn, NY

Whatever tax problem you have, many others have gone through it before. Still, it can feel stressful and frustrating to have to deal with the IRS or NY State at all. Here are common tax issues you might be dealing with in Brooklyn:

Unfiled Tax Returns

You may have unfiled returns for a variety of reasons, including missing a deadline or fearing that you can’t afford what you owe the IRS or the state. Unfortunately, failing to file on time will lead to tax penalties and building interest on your account. If you continue to fail to file, the IRS may take further actions like submitting a return on your behalf, which won’t account for credits and deductions you qualify for. Always file as soon as you can to avoid further penalties and consequences.

Back Taxes and Collections

Another common problem is owing back taxes. You may think it’s not a big deal to wait a bit to pay what you owe, but you’ll have to deal with penalties and an even higher tax balance if you ignore IRS notices and fail to pay your balance. The IRS or New York State may then take actions like filing a lien, issuing a levy on your property, or garnishing your wages to cover your bill.

Always talk to an expert at IRS Tax Pros about your options to keep your property safe.

Tax Audits

Tax audits can happen to both individuals and businesses. These are IRS or state tax agency reviews of your information, such as your tax returns and your actual receipts, to ensure you are in compliance with tax laws. These processes can be challenging and lengthy, especially if you don’t agree with the findings. Tax attorneys can help you navigate audits and defend you when necessary.

In recent years, many New York current or former residents have been facing residency audits – it’s critical to have the right representation if you want to win these types of audits.

Tax Disputes

You may not always agree with what the IRS or NY State says is true about your taxes. Mistakes do happen on their end as well. If you’re dealing with a tax dispute or appeal of a decision, never try to handle it on your own. A tax attorney will represent you and guide you through the legal process. Unlike other tax pros, an attorney can represent you in front of the IRS, and then, if needed, they can take your case all the way to the U.S. Tax Court.

Tax Penalties and Interest

The IRS and state tax agencies issue penalties for a number of reasons, including missing a deadline, not paying the full amount you owe, or not depositing taxes as a business. Here’s a quick overview of common IRS penalties:

• Failure to file: This penalty is issued when you don’t file your return by the deadline (i.e., April 15). It can also apply if you miss a quarterly tax filing deadline. It’s equal to 5% of your unpaid taxes each month your return is late, not to exceed 25% of your unpaid balance.
• Failure to pay: If you don’t pay what you owe by the deadline, this penalty will apply. It is 0.5% of your unpaid taxes each month until the balance is paid off, not to exceed 25% of your unpaid balance.
• Failure to deposit: This penalty applies to employers who don’t deposit employment taxes on time or make a mistake when depositing. This penalty increases the longer you wait: If your deposit is one to five days late, the penalty is 2% of your unpaid deposit. Between 6 and 15 days is 5%, and more than 15 days is 10%.
• Accuracy-related: You may get hit with this penalty if you underpay your required tax amount, particularly if you didn’t report all the income you should have. The two types of accuracy-related penalties are negligence/disregard of tax rules or substantial understatement of income tax.

New York State issues the same penalties for late filing and late payment. If you calculate your taxes incorrectly, the state will charge 10% of what you owe minus what you reported. You may also be hit with negligence or fraudulent return penalties.

Remember that tax penalties aren’t the whole story. You’ll also accrue interest on your tax balance as long as it goes unpaid. So, failing to file or pay will only mean more charges to contend with in the long run.

Tax Relief and Resolution for Brooklyn, NY, Taxpayers

Finding relief for your tax issues doesn’t have to be overwhelming. Tax professionals can help you understand your options and steps to take to get out of your situation. Here are common tax resolution services in Brooklyn, NY:

Tax Debt Settlement

While settling your debt isn’t always an option, whether with the IRS or the state, you may qualify for a couple of programs to help you pay less than you owe. These are as follows:

• Offer in compromise: If you can’t afford to pay off your balance because of your current income situation, you can apply for an offer in compromise. You’ll submit information about your finances and send an offer that you can realistically pay. The IRS may reject or approve your offer.
• Partial payment installment agreement (PPIA): This is a type of installment agreement where you pay a lower monthly amount until the collection statute expiration date (CSED) expires, which is 10 years. Once that date hits, you won’t have to pay back the unpaid balance.

Currently Not Collectible Status

Taxpayers experiencing temporary financial hardship could qualify for an IRS status called currently not collectible, or CNC. When your account is in CNC status, the IRS won’t come after you for collections. However, it’s only temporary, and when your financial situation changes, alert the IRS. You’ll then be responsible for paying what you owe unless the CSED has passed.

Installment Agreement

An installment agreement, or payment plan, is a common option with the IRS and the New York State Tax Agency. With these plans, you can make management payments each month until your balance is paid off. Go with this option when you can’t afford to pay everything off at once.

Tax Lien and Levy Assistance

Tax liens and levies can be alarming, as the government is taking action that could lead to asset seizure. By pursuing lien and levy relief services, you can get help from a professional to prevent your property from being taken. An expert tax attorney will also help you negotiate with the IRS so they halt collection actions against you.

Audit Representation

Another form of relief you may need is representation during IRS and state tax audits. A tax professional will work with the government to get through the audit, ensure your rights are being protected, and minimize potential liabilities for you. These services are a must to ensure everything goes smoothly.

Penalty Abatement

You also may qualify for certain penalty abatement programs. The IRS may waive or reduce a penalty if it’s your first one and you have otherwise good tax compliance over the last three years, which is known as first-time penalty abatement. You also could qualify for abatement if you have reasonable cause, including a medical emergency or financial hardship that got in the way of tax compliance.

State Tax Problems

The IRS is who you think of when you think of taxes. But New York State also has regulations you need to follow, as well as penalties and consequences for noncompliance. The right tax attorney at IRS Tax Pros understands everything you need to know about New York tax laws and your options for relief and resolution.

We have offices in New York City, and in addition to serving clients in Brooklyn, we also provide tax resolution services to clients in Binghamton, Rochester, and other areas throughout the state.

Benefits of Tax Resolution Services and Representation

Many taxpayers try to deal with the IRS or New York State on their own. Unfortunately, if you don’t seek help, you may not pursue the right relief option, or you could make a costly mistake when trying to resolve the issue. Here are the top benefits of seeking help for tax relief in Brooklyn, NY:

Personalized Solutions

While tax problems are common, each situation is different. You need services that will be tailored to your needs and circumstances. A tax attorney will give you that level of personalization, so you know you’re getting the best option for you.

Local Knowledge

State tax issues require comprehensive knowledge of what the state’s laws are and what the tax agency’s processes look like. Attorneys in Brooklyn, NY, bring local expertise to their practice so you always know you’re covered. They understand how the state enforces tax regulations and your options for relief.

More Options

You may not fully understand all the options you have for tax resolution. An expert knows each IRS and state program that applies to your situation and can guide you through the process of applying. They’ll help you understand qualification requirements and your best option to get your debt resolved.

Less Stress

Dealing with tax authorities, whether federal or state, can be complicated and stressful. There may be a lot of uncertainty when you don’t understand all the laws, facts, and options. Work with an expert at the Tim S. Hart Law Group so you can have peace of mind that your case is being handled properly.

FAQs for Brooklyn, NY, Tax Relief

What Are My Options If I Owe Taxes?

Your goal should be to pay off your balance as soon as possible to avoid additional penalties and interest. You can apply for an installment agreement if you can’t pay off your balance in full, or you can request CNC status or an offer in compromise if you’re unable to afford your unpaid taxes, even with making monthly payments.

What Do I Do If I Receive an IRS Notice?

You’ll receive an IRS notice if you miss a filing or payment deadline, underreport your income, make a mistake on your tax return, or are being audited, among other reasons. Follow the instructions carefully on your notice to reply or act quickly. If you’re not sure what to do, contact a tax attorney at IRS Tax Pros.

How Can I Settle My Tax Debt for Less?

Not all taxpayers will qualify, but if you have a financial hardship or can’t afford your taxes, the IRS may work with you through an offer in compromise, PPIA, or CNC status.

How Long Will Tax Resolution Take?

The time it takes to resolve your tax issue depends on factors like what the problem is, whether it’s a state or IRS issue, and what your financial situation is. If you can pay off what you owe right away, resolution can be quick. If you’re dealing with legal trouble or you can’t afford to pay, it may take longer to get the outcome you’re looking for. Either way, the team at IRS Tax Pros will be here for you along the way.

Why Should I Hire a Tax Attorney?

Any kind of tax problem you’re facing is easier to handle with expert assistance. You may not fully understand all of your options for relief or tax laws that apply to you. A tax attorney will first learn everything about your situation and tax history, teach you about your options, confirm your rights as a taxpayer, and map out a plan to move forward.

Why Work with Tim S. Hart Law Group for Brooklyn Tax Services?

If you live in Brooklyn, NY, or surrounding areas, you don’t have to manage tax problems by yourself. With the right help behind you, you can successfully deal with IRS audits, penalties, unfiled returns, unpaid taxes, and liens and levies.

The team at IRS Tax Pros understands how New York State laws impact you, as well as the IRS. We’ll work with you to get to know your unique situation before moving forward with the best option available. This could be setting up a payment plan, applying for an offer in compromise, filing an appeal, or requesting penalty abatement.

When you’re ready for professional tax relief services, contact the Tim S. Hart Law Group to set up a consultation today.