Services
Dr. Wadhwa started his practice in 1978.
His practice has always concentrated in the IRS representation area. Dr. Wadhwa has helped thousands of taxpayers solve their IRS problems. Most CPAs know little about the IRS and avoid this type of work but Dr. Wadhwa enjoys using his knowledge and experience with the IRS to help his clients. Some prospective clients ask if we can solve their tax problems since we are located in another city. The answer is that we help clients all over the country. Most of our contacts with the IRS are not done in person, but rather through phone, fax, and mail. Collections operate under standardized national guidelines so there is no difference between a revenue offer in California, New York, or Texas. We can solve your tax problems regardless of where you are located.
IRS Tax Relief
Whether you owe back taxes that you cannot pay, have unfiled tax returns, or your wages or bank account have been levied, we can help. Most taxpayers do not know their rights or understand IRS policy and procedures, that's why you need help to solve your tax problems. Mr. Gardner is a former Revenue Agent who understands the internal workings of the IRS and will use his knowledge and experience to help solve your IRS problems in the most efficient and effective manner possible. We give your case the personal attention and care that it deserves. Don't take on the IRS alone. Call us today. Your freedom from worry and peace of mind or worth the call.
We are here to help!
Do you owe back taxes to the IRS?
Do you have unfiled tax returns?
Tax liens, wage, and bank levies, property seizures, and substitutes for returns are some of the powerful enforcement tools available to the IRS that can destroy your family finances and ruin your business. No threat to your financial security is as serious as owing the IRS. While the IRS has powerful enforcement tools, you as a taxpayer have equally powerful laws to protect yourself. We are a professional tax corporation and have helped thousands of taxpayers permanently put their tax problems behind them. We offer relief services including, the release of wage or bank levies, installment agreements, offers in compromise, suspension of collection activity, or abatement of penalties. We can also effectively represent you for an IRS audit, appeal protest, request innocent spouse relief, or perform a tax transcript review. I am a Houston area CPA and a former IRS agent on your side to help you with your IRS problems.
LIENS, LEVIES, PROPERY SEIZURES
Liens
A Filed Notice of Federal Tax Lien is a public notice filed by the IRS. This lien attaches to all of your assets and can damage your credit rating. In some instances, the IRS may withdraw, discharge or subordinate the federal tax lien. Moreover, the lien establishes the IRS as a secured creditor thereby allowing them to seize your assets, if necessary.
Wage levies
A wage levy orders your employer to send to the IRS all of your paychecks beyond current withholding taxes, insurance, and a minimum exemption, which is not generous. A wage garnishment will generally result in a loss of one half, or more, of your take-home pay. It will attach to each and every pay check until a release is issued. We advise you seek professional help if a levy has been placed on your wages.
Bank levy
There are no exemptions available for a bank levy. The bank will debit all of the funds from your account upon notice of levy. However, the law provides for a twenty one day waiting period before the funds are surrendered to the IRS. The waiting period begins with the date of notice of levy. We advise you seek professional help if a levy has been placed on your bank account.
Levy on Accounts Receivable
For self employed taxpayers, the IRS can levy your account receivables. This type of levy can be devastating because it can severely curtail cash flow needed for operations. There is no exemption available for this type of levy. We advise you seek professional help to get it released.
Property Seizures
The IRS can seize and auction your personal or real property in order to pay your tax liability. This includes your home, automobile, real estate, inventory, business equipment, or any other tangible asset. Proceeds from the auction are first applied to the expenses of the sale and then to the tax liability. If the sale proceeds are less than your tax liability and the expenses of the sale, you will still be liable for the remaining unpaid tax. We advise you seek professional help if you have received a Notice of Seizure.
PAYROLL TAXES
If you are a business owner with employees, you must withhold and deposit federal income and social security taxes from each employee's paycheck and deposit it with a bank qualified as a depository for federal taxes. The IRS is very aggressive when it comes to the collection of payroll taxes. In the case of a corporate taxpayer, the IRS may assess some of these taxes personally against the corporate officers or employers. It is called the "civil penalty" or the "trust fund penalty". We advise that you have an experienced professional to represent you in these types of problems. It could make a difference in whether you stay in business or are liquidated by the IRS.
UNFILED RETURNS
It is in your best interest to file your delinquent tax returns. If you do not file, you could be at risk of criminal tax evasion punishable by jail time plus payment of the tax, penalties, and interest. Moreover, the IRS will not release levies or consider an offer in compromise or installment agreement until you have filed all of your delinquent returns. When filing late returns, the taxpayer should go back at least six years unless the IRS has filed a substitute return.
In the case of a substitute return prepared by the IRS, it may be in your best interest to file an original return yourself since oftentimes this will result in less tax owed. A word of caution; the IRS closely inspects these types of original returns and may audit them before acceptance. When filing a late return, it is to your advantage to have a tax professional help you with both preparing the return and dealing with the IRS.
PENALTIES & INTEREST
The IRS assesses penalties and interest as a deterrent to comply with the tax laws. Interest compounds daily and penalties may be as much as 50% or more of the taxes owed. However, penalties may be reduced or abated to zero. The IRS follows guidelines that may allow the abatement of penalties under certain circumstances. If something other than financial difficulty prevents you from paying your taxes, please let us know and we may be able to help with the abatement of penalties.