Need back tax help?

You may have forgotten to pay your taxes, but the IRS never forgets! Tax Penalties and Interest can more than double what you owe to the IRS and the number just keeps growing. Its a liability that can haunt you for decades. Its not just an inconvenience, its a serious problem that can ruin your life and the life of those around you.

What Can the IRS Do?

Just think how embarrassing it is to have the IRS contact: Your Bank, Your Employer or Your Business Clients.

They can even collect from your spouse and any asset under their name. That can destroy your credibility and your relationships.

How Will the IRS Collect?

The IRS begins its collection process in stages (IRS Tax Lien, IRS Tax Levy, IRS Seizure of Assets). Each stage gets more invasive than the next. If you get a Tax Lien Notification in the mail, then you are already on a downward spiral unless you resolve the problem.

We Can Help!

As a licensed CPA firm, we understand the rules that are buried in the federal tax code and we use these laws to your advantage. The federal tax code changes every year and you need a tax specialist who understands those changes and can address the needs of your specific situation.

The IRS is expecting you to write them a huge check today for everything they think you owe! So, you can write them a big fat check…or…you can choose our established Texas CPA firm that specializes in IRS representation and will listen to what caused your problem and design a solution that really works for you. We will utilize every legitimate law to protect your assets, lower your tax debt and get you on a program you can live with.

You don’t have to live in fear of the IRS. Get the back tax help you need.

Question: I owe $74,367 for several years of back taxes but do not have the money to pay the IRS.  I want to get them off my back and heard of something called an Offer in Compromise.  What is it and how do I qualify?

Answer:  An Offer in Compromise is the IRS’ tax resolution debt settlement program.  It’s a program for taxpayers who owe the IRS more money than they can ever afford to pay. It’s the IRS’s version of a “fresh start” when it comes to tax debt.  If approved, the IRS accepts a lesser amount (sometimes a fraction of what’s owed!) to settle your debt.  However, it isn’t always easy to gain approval due to its strict criteria and eligibility requirements.

The IRS considers your income, assets, expenses, ability to pay, and whether paying the full amount, even over time, would cause financial hardship. It’s important to remember that the IRS wants its money and will only accept an Offer in Compromise if it thinks it wouldn’t receive any money otherwise.

Your odds for acceptance increase significantly when you have an experienced tax resolution specialist negotiating with the IRS on your behalf. If you do qualify, we get to work immediately by implementing a customized resolution plan that fits your unique circumstances.

We at Jim Matthews CPA are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day.  There is a solution to EVERY problem. Generally, you’ll never have to meet or speak with the IRS once you bring us into the picture. Call us today!

Question: I owe a several years of back taxes, about $43,000, but do not have the money to pay the IRS.  I want to get them off my back and heard of something called an Offer in Compromise.  What is it and how do I get one?

Answer:  An Offer in Compromise (“OIC”) is the IRS’ tax resolution debt settlement program.  It’s a program for taxpayers who owe the IRS more money than they can afford to pay back, even over time. It’s the IRS’s version of a “fresh start” when it comes to tax debt.  If approved, the IRS accepts a lesser amount (sometimes a fraction of what’s owed) to settle your debt.  However, it isn’t always easy to gain approval due to its strict criteria. Most taxpayer’s fail when they attempt to go up against the IRS and try to do this themselves.

The IRS considers your income, assets, expenses, liabilities, ability to pay, and whether paying the full amount would cause financial hardship. It’s important to remember that the IRS wants its money and will only accept an Offer in Compromise if it thinks it couldn’t collect from you otherwise.

Your odds for approval increase significantly when you have an experienced tax resolution specialist in your corner when it comes to negotiating with the IRS.

We are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day.  There is a solution to EVERY problem. Generally, you’ll never have to meet or speak with the IRS once you bring us into the picture. Call us today! 972-613-3034 for a FREE confidential consultation.  Call us at 972-613-3034

Stephanie Roskovski, the COO of Butler Memorial Hospital, was sentenced for mail fraud and filing a false tax return. Her husband, Scott Roskovski, was sentenced for filing a false tax return and submitting a false loan application.

From 2011 to 2017 Stephanie Roskovski embezzled more than 1.3 million dollars from her employer. She used her corporate credit card to make personal purchases and submitted false reimbursement requests. She also purchased hundreds of gift cards totaling more than $350,000, and claimed they were for focus groups and physicians. Instead, she and her husband used the gift cards for personal use.

In an ironic twist, during that time, Scott Roskovski was employed as a detective with the Butler County District Attorney’s office investigating financial crimes, including theft and fraud.

The Roskovskis spent the majority of the stolen funds on lavish vacations, including a $68,000 trip to Hawaii,  renovations to their home, and the purchase and operation of a motocross track. They did not report any of the fraud proceeds as income on their tax returns. Stephanie Roskovski was sentenced to 51 months in prison and Scott was sentenced to 30 months. The total tax loss to the IRS was $397,342. Restitution to Butler Memorial Hospital and the IRS will be determined at a later date.

Question: I’m currently separated from my spouse, who owns his own business, and we are in the process of getting a divorce.  I have always filed jointly with my husband and now the IRS is sending me notices stating I owe $65,000.  I have no idea how they are coming up with this amount as my spouse said he was always taking care of this and paying the IRS what was owed.

Answer:  You may be able to avoid this liability entirely under the IRS’s Innocent Spouse Relief rules.  Under federal law if an income tax return is signed by both husband and wife, both spouses are 100% responsible for the taxes owed.  However, the law permits special consideration where a spouse cannot be held responsible for the underreporting of income or the understatement of tax that are attributable to the other spouse.

If you meet the following criteria you may be able to apply for innocent spouse relief:  Your spouse didn’t report all their income; and you were not aware of it and no reason to know about it when you signed the tax return; and it would be unfair to hold you liable for the taxes owed due to your spouse’s error. If you feel you were deceived by your spouse or tricked into signing a return you thought was correct this will help your case too.  There are many other ways you may be eligible for relief under the IRS’s innocent spouse rules and we can help sort this out and determine the proper path for resolution.

We at Jim Matthews CPA are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day.  There is a solution to EVERY problem. Call us today for a FREE confidential consultation. Generally, our clients never have to meet or speak with the IRS once we’re in the picture!

Tamra Villareal and her ex-husband Robert have been sentenced to 63 months and 87 months in jail, respectively, for tax evasion and defrauding Tamra’s employer, Richardson Enterprises. The company owns car dealerships in Arizona, New Mexico and Texas.

As the CFO of the company, Tamra had access to bank accounts and credit cards that she and her ex-husband used freely beginning in 2009. The couple stole funds to purchase a 2.7 million dollar house and to pay for travel, hotels, restaurant tabs, luxury cars, lavish jewelry, rare American coins from the 1800s, gold bars, art, a collection of designer handbags and clothes valued at hundreds of thousands of dollars. During a four-day period in the summer of 2016 the couple charged $72,578.27 for three meals at a Houston restaurant on a company credit card.

Robert Villareal’s longer prison sentence is the result of an additional charge of possession with the intent to distribute cocaine.

The couple has been ordered to pay restitution to Richardson Enterprises in the amount of $15,941,452.87 and $4,243,649 to the IRS.

Question: I received a Notice of Federal Tax Lien via certified mail for unpaid taxes and I’m scared and don’t know what to do. How do I get this situation resolved? 

Answer: A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside.  It’s a formal notice to all your creditors that the IRS has a secured interest in your real and personal property. A federal tax lien is usually the “kiss of death” however, there are 4 ways to resolve a federal tax lien – You can request a Lien Subordination, a Lien Discharge, a Lien Release, or a Withdrawal of a federal tax lien, if you qualify.

A federal tax lien will make it very difficult, if not impossible, for you to purchase or sell a home, vehicle and other property on credit.  It may also prevent you from accessing the equity in real property you may have built up over the years.  However, the IRS has several different options that deal with resolving a NFTL if you qualify.   One of these is to apply for a Withdrawal of the lien.  Winning a Withdrawal of a NFTL is as if it never happened in the first place! The IRS will consider this if the Lien was filed prematurely or was not in accordance with IRS procedures, which happens a lot!  The good news is that you generally won’t have to meet or even speak with the IRS while we’re retained.  It’s important to consult with a tax professional to see what Lien relief programs you may be eligible for before the IRS starts seizing your property. We can help protect what you already own and preserve your rights!!

We at Jim Matthews CPA are experts in IRS tax problem resolution and help taxpayers with their IRS Problems every day.  There is a solution to EVERY problem. Generally, you’ll never have to meet or speak with the IRS once you bring us into the picture. Call us today! 972-613-3034