Tax Controversy
TAX CONTROVERSY SERVICES
Our Tax Specialists at Larry J Wolfe Ltd, Licensed Certified Public Accountants (CPA) and Enrolled Agents (EA), are experts in dealing with the Internal Revenue Service and State taxing authorities. Our Professionals are highly skilled individuals with 6 of our employees each having 35+ years of experience working for the IRS in Collection, Examination and Appeals Divisions. Now they are here to help you navigate the IRS, avoid risk, resolve disputes, and relive stress.
Our tax professionals are experienced in the following areas:
Offer in Compromise
An Offer in Compromise
allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. We will review your financial status and determine if an Offer in Compromise is a valid alternative.
Installment Agreements
An Installment Agreement
allows you to pay off your tax debt through a monthly payment plan based on your current financial position. There are a number of different types of installment agreements. We will suggest the plan that best fits your needs after a review of your financial status.
Responding to IRS Notices
An IRS notices
can be intimidating and confusing. Most IRS notices requires a response. Failure to respond to a notice can result in enforcement action such as a Federal Tax Lien or Levy on your wages or bank account. The Proper responses to a notice will help protect your financial status as well as your rights as a taxpayer. Let Larry J Wolfe Ltd assist you with your IRS problems.
Levy and Wage Garnishments
A Levy
is a seizure of property, including bank accounts, wages and real property. The IRS uses levies and wage garnishments as a tool to collect the outstanding tax liability that you owe. We will represent you in front of the IRS in an attempt to secure a release of the levy and resolve your case according to your financial status and at all times protect your rights as a taxpayer.
Lien Withdrawal & Relief
We have significant experience in lien withdrawals, lien releases, lien discharges and subordinations. We will review your situation and will suggest the best alternatives.
Innocent Spouse Relief
We will determine if a request for innocent spouse relief
is appropriate. You can be relieved of responsibility for paying tax, interest, and penalties if your spouse (or former spouse) improperly reported items or omitted items on your tax return. The tax, interest, and penalties that qualify for relief can only be collected from your spouse (or former spouse) if Innocent Spouse Relief is granted.
Trust Fund Recovery Penalties (Civil Penalty)
You can be held personally liable for a civil penalty
equal to the full amount of the unpaid trust fund tax, plus interest if you are a person responsible for withholding, accounting for, or depositing or paying specified taxes including NRA withholding and employment taxes, and willfully fail to do so. The amount of personal liability can be significant.
We have experience in securing records from the IRS under the Freedom of Information act and filing protests with the IRS Appeals Division in an attempt to secure a not-liable determination from the IRS.
Delinquent Tax Return Preparation
In order to qualify for Government Tax Relief programs you must be current on all tax returns including any delinquent tax returns
that have yet to be filed. Larry J Wolfe Ltd can help prepare your delinquent Tax Returns required for Tax relief programs.
Penalty Abatement
The IRS levels significant penalties, which can amount to 47% or more of the tax liability. Our experts have experience in requesting penalty relief through IRS administrative means based on reasonable cause.
Audit Representation
We represent clients at the examination level and Appeals level specializing in Federal individual and business income tax and employment tax examinations. We also represent clients in state income tax examinations, sales tax examinations and Illinois Department of Employment Security examinations.
Our focus is in ensuring taxpayer rights are protected throughout the examination process.
Contact us today at (847) 675-7900
for us to help you with your Tax Controversy needs.
