Understanding the Aging Process

We understand the unique needs of seniors and the issues associated with aging.   Our diverse team of advisors can be a resource and offer solutions for the extended family and the Care¬giver Community regarding the ever-changing rules affecting seniors, their assets and their quality of life.  We are an advocate for our senior clients, providing information to help them cope with the aging process and
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Categories: SENIOR & AGING ISSUES.

IRS Appeals Process

When we cannot agree with an IRS auditor, or come to a satisfactory conclusion in an audit, and have exhausted all hearings at the group manager level; then we will refuse to settle and will inform the auditor of our intent to appeal the case.  We will then move the audit to the Office of Appeals. The appeals process is often needed because many IRS
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Categories: IRS PROBLEMS.

Offer In Compromise

Did you know that you may be able to settle your debt with the IRS for a fraction of what you owe?  The IRS Offer in Compromise program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: “We will accept an Offer in Compromise when it is
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Categories: IRS PROBLEMS.

IRS Liens, Levies and Seizures

Liens Federal Tax Liens can really make your life miserable! When your taxes are not paid the IRS establishes a lien against all of your assets (especially real estate). This gives the IRS the legal right to collect taxes from the sale of your assets, which includes just about everything you own. The lien can be against you, your spouse, or your company. A lien
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Categories: IRS PROBLEMS.

What to Do if You Get an IRS Audit Letter?

As soon as you receive an IRS audit letter, you should contact us to arrange a meeting.  We will explain what you should expect during the IRS audit process; from you receiving the Notice, all the way through the audit process, and to appeals, if needed. First we will need a copy of the audit notice to see what the issues are.  Then we will
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Categories: IRS PROBLEMS.

Which Tax & Regulatory Laws Did You Unknowingly Violate Today?

The problem today is that most small business owners are violating dozens of tax and business laws that they don’t even know exist.  Business owners already struggle to make a living while trying to comply with the very complex Tax Code.  They generally don’t have the time or resources in meeting all of the regulatory requirements that our government has placed before them, or even
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Categories: CORPORATIONS & LLCs.

Corporate or LLC Compliance and Annual Meeting Plan

Many business owners form an LLC or a corporation with the misunderstanding that their business structure will protect them from lawsuits or creditors. However it is rare that these same owners operate their business in a manner consistent with their chosen entity structure, as required by law. Therefore, they often find out that they have no protection. The courts consistently rule that if you are
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Categories: ASSET PROTECTION and CORPORATIONS & LLCs.

Shielding Your Assets

To properly shield your assets requires planning and restructuring as to the way you hold and control those assets.  Asset protection planning is the method of preparing for the possibility of future lawsuits by rearranging the ownership of assets so that they are beyond the reach of potential creditors. Taking action to protect your assets must take place before any event has occurred that could
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Categories: ASSET PROTECTION and CORPORATIONS & LLCs.

Protecting Your Business

How can you, as a business owner, protect your assets when you start a business? If you begin a business without incorporating it or forming it as some type of limited liability entity, then all of your personal and business assets are at risk for all debts and claims against your business. If you run your business as a sole proprietorship or a general partnership,
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Categories: ASSET PROTECTION and CORPORATIONS & LLCs.