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The Fix-It Accounting (FIA) Tax Relief Program

Do you have taxes due that you can’t pay?

Here at Fix-It Accounting (FIA), we understand that life happens. As human beings, we sometimes find ourselves in tax trouble that we didn’t anticipate. We know that tax problems can be very scary, but we also have solutions! Whether you currently owe payroll taxes, have unfiled income tax returns, or have fallen out of your installment agreement, we can help rectify your tax dilemma. Our FIA Tax Relief Program has provided not only solutions but also long-term relief. Without the stress and constraint of unresolved tax issues, we’ve seen clients finally be able to take on new opportunities, grow their businesses, and eliminate tax fears. Don’t hesitate, contact us today so we can get to work solving your tax problems.

Call today for a FREE consultation at (386)-320-5347.

 

Let's get the conversation started! 

Contact us for an Accounting Wellness Check or inquire about our fractional CFO services.

What’s an accounting wellness check?

Get a full File Review of the health of your business’ books with analysis and recommendations. Reviews start at $350 –

Step 1. Complete the form

Step 2. We review your accounting transactions

Step 3. Feel great about the state of your accounting!

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The Fix-It Accounting Process:

At Fix-It Accounting, there is a verified process to IRS Problem Resolutions that works! Once you contact Fix-It Accounting, here is the order of events:

1 ) Initial intake call

When you call, you will speak with a compassionate team member who can ask some questions and give you an idea of what needs to happen. They will advise you on what resolution item you might qualify for, which is based on your financial situation.

2 ) Stay of Collections

We immediately call the IRS to request a “Stay of Collections” so your wages and/or bank accounts won’t be levied (emptied!). They will generally give us 30 days, unless there have been extensions granted before.

3 ) Compliance Check

During the initial call to the IRS, we also do a “Compliance Check” to see what your tax liabilities are and what tax returns need to be filed.

4 ) Transcripts

We pull your “Wage and Income” and “Account” transcripts for each period in question.

5 ) Review returns

We review any previously filed tax returns that could be inaccurate.

6 ) Amend returns

We will amend any erroneous returns that have been filed.

7 ) Prepare returns

We prepare and submit all unfiled returns. This sometimes takes the team effort of our bookkeeping and tax preparation departments working together to get your information compiled quickly. Since we specialize in solving tax problems, our team is skilled at working under strict IRS deadlines.

8 ) Determine Resolution

At this point, we will have a better idea of how much you are going to owe and can start negotiating with the IRS to get you the best deal possible. Here are the options. They are based on your individual financial situation and ability to pay.

  • Full Pay Installment Agreement

  • Partial Pay Installment Agreement

  • Currently Not Collectible Status

  • Offer in Compromise (AKA Fresh Start Initiative)

9 ) Penalty Abatement

We will determine if you are eligible for any penalty abatement and decide on the timing of the abatement request.

10) Lien Withdrawal

If you meet the criteria for lien withdrawal, we will submit the request. Lien withdrawal differs substantially from lien release. When a lien is released, the validity of the lien is undeniable. However, when it is withdrawn, it is like a magic eraser. Your record looks as if it never happened and your financial life recovers much more quickly. Lenders always look for liens and increase your interest rate if you have had them.

++ Other issues

We work on any other issues that may be plaguing you such as:

  • Identity Theft

  • Audit

  • Audit Reconsideration

  • IRS Errors

  • Trust Fund Penalty Defense

  • Lien Discharge

  • Lien Subordination

  • Innocent Spouse Relief

  • Injured Spouse Relief

“I used Nancy and Fix-It several years ago when IRS put a lien on me. They worked with IRS got the lien off, worked out a settlement and I’ve been able to keep IRS off my back since. They are awesome, caring, professional and I HIGHLY recommend Fix-It to anyone for their taxes and IRS issues/problems”
— Cindy Shipp

A little about IRS resolution from our expert
Nancy Benet, Enrolled Agent

 

Meet Nancy, Owner & Founder of Fix-It Accounting

Nancy Benet, Enrolled Agent

Nancy opened Fix-It Accounting after facing some of the biggest hardships for both her personal life and her career. She always wanted to own a successful business but success didn’t come as easily as she once dreamed. Along the way, she got knocked down but learned that the true test of success is about the ability to get back up and keep going. Her biggest challenges turned into the fuel she used to build her most successful business ever. She now leads Fix-It Accounting, with a calming & compassionate attitude, and she teaches her staff to do the same, understanding that behind business finances there are real people with real dreams.

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Do you owe tax from prior years? Our FIA Tax Relief Program offers solutions for taxes owed.

This can be the result of many different situations. Some common ones include:

• You didn’t know

Maybe your spouse told you they were filing and paying the tax, but they didn’t; they left, and you’re left holding the bag

• A retirement savings withdrawal

When you’re under the age of 59 ½ and don’t have a qualifying reason for the withdrawal, it is subject to a 10% early withdrawal penalty as well as ordinary income tax. Ouch! Many times, there is no tax withheld and you end up in a bad spot!

• Not making estimated tax payments

We see this all the time with business owners and 1099 contractors. You had a great year in business, but no one told you to send some money in for your tax bill. Now you’ve spent all the money, owe all the tax, and a dark cloud develops. What next?

• Income reported to the IRS but not included on your tax return

Most times the taxpayer never got this piece of paper. Somehow it got lost and not included on the original tax return. But it triggers a letter assessing more tax along with a demand for payment. This needs to be looked at carefully, as many times it can be reduced.

  • If you had stock sales reported, the IRS assessed tax on the sale price and likely didn’t take your basis in the stock into account. This can cause very large assessments that are completely inaccurate!
  • If you had cancellation of debt income reported on Form 1099-C, it might qualify for exclusion from your taxable income. Some examples are debt from your main home or other debt if you were insolvent on the date of the forgiveness.
  • If you received a 1099-Misc for work performed, the IRS will not take into account any expenses incurred in earning the income. These have to be added by you with an amended return.

• An Audit

Audit findings aren’t always set in stone. Is it correct? Did you respond to the audit notices? We had one client who came in owing $100k from an audit he didn’t respond to. When we finished, his tax liability was $0.

• Maybe your tax preparer was found to be perpetuating Earned Income Credit Fraud

This is serious business, and we see taxpayers pretty frequently who received big tax refunds from the Earned Income Credit that were later disallowed because they weren’t entitled to it. When a tax preparer is filing these fraudulent returns and getting big refunds for their clients, the IRS may audit their entire client base. Yes, the preparer gets in trouble, but so do their clients, even when they have no idea they did anything wrong. The IRS will demand that the money be repaid.

• If you or your family members have suffered an accident or extended illness causing you to fall behind.

  • Cancer diagnosis
  • Car accident
  • Aging or ill parents
  • Sick, special needs children
  • Drug addiction
  • Mental Illness

• Business downturn

With COVID-19 impacting businesses all over the country, this will be a common theme in the years to come.

• Scams

• Neglect

• Divorce

• The list goes on...

The FIA Tax Relief Program is here to help you.

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Why Choose
Fix-It Accounting?

Work with an experienced, tech-savvy team

Support when you need it (emotional support included)

Protection for your private information

Systems-based approach

Small-business specialists!

 

 The path to IRS compliance starts with a phone call. Don’t let the IRS hold you back.
Schedule a free phone consultation today. We’re here to help.

(386) 320-5347

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