Services Provided LW&M
LW&M provides a wide range of tax relief services. Their array of services includes:
- Settle Taxes
This is one of the primary services offered by LW&M where they help their client to settle their tax issues with the IRS. They intervene between the client and the IRS and redirect the communication and helps take care of the client’s situation.
- Wage Garnishment Release
Wage garnishment refers to seizing of complete salary or part of it due to unpaid taxes by the tax payer. IRS can also use many other aggressive steps to seize your assets. LW&M can provide the customers by providing their wage garnishment release.
- IRS Bank Levy Release
When a citizen’s bank receives an IRS bank levy they are forced to freeze all the accounts of the citizen. The banks will hold the money for 21 days before the funds are released to the IRS. IRS bank levy is generally issued when a citizen has unpaid tax liability with the IRS. LW&M provide release of these complications for their clients.
- Filing returns
Filing returns can prove to be really tricky as the tax laws and the regulations change every year it usually creates problems to citizens who usually file it individually. LW&M helps the clients in creating returns which are of individual in nature but also returns involving partnership, corporate, LLC, trust, Employment etc. They also help their clients even if they have not filed the returns for many years.
An offer in compromise is an agreement between a taxpayer and IRS where is emphasis is given for reducing the taxpayer’s liability compared to what is claimed by the IRS. IRS usually accepts the offer if it is very unlikely to collect the entire tax amount considering the circumstances of the taxpayer. LW&M helps their client in making this offer with accordance with his current circumstances.
- Removal of penalties
IRS can impose many penalties towards the taxpayer on accounts of various reasons ranging from taxpayer’s failure to pay to late payment by the taxpayer. However there are many ways to remove the penalties provided if the taxpayer falls into the category prescribed in the IRS laws. LW&M help their clients by educating them about the categories and helping them in removing the penalty.
- CNC(status 53)
CNC- Currently Not Collectible is a situation where a taxpayer is not able to make any payment to the IRS because of his very unfavorable financial condition. If this status is approved by the IRS then the respective person need not pay any amount to the IRS for a fixed period of time which usually ranges from 12 months to 24 months. For some clients status 53 would be the feasible solution and LW&M helps to achieve that.
- Tax lien Help
A tax lien is a term used when a government institution issues a claim on the property of a tax payer as part of the repayment of the due tax amount by the taxpayer. LW&M have proved in many cases that it can withdraw an IRS tax lien directed towards your assets.
- IRS Payroll Tax Help
If a taxpayer owns a business and if he misses to pay his required IRS payroll taxes or even forget to file his IRS payroll Tax returns the IRS would be in a position to levy or to issue a lien on the assets of the taxpayer. LW&M can guide the taxpayer to take the necessary steps to avoid an aggressive tax collection measure.
- Audit Representation
Taxpayers who have to face a tax audit should be prepared so as to avoid getting intimidated. He/She should be well prepared and this task can be carried out by LW&M where they will help the taxpayer to be ready for the tax audit.
- Criminal Tax investigation Help
LW&M also helps clients who are faced by criminal investigation from the IRS Criminal Prosecution Office. LW&M provides the guidance and the right way to avoid and settle the investigation.
- Payback Plan
LW&M helps the clients by helping them to schedule their payments according to their income and to meet the required target of the Tax liability.