Wednesday

Omni-Financial Sued Over Violating No Call List |How to Stop Tax Debt Telemarketers From Calling You

*Ring *Ring..."Hello my name is blah blah, from blah blah Financial, we are calling you regarding a tax lien that has recently been filed, are you aware of that?"

That's the first call.  If you decide to humor the telemarketer be prepared for the nature of the calls to become more and more aggressive. 

If you eventually end up telling them to "take you off their list" or that you are on the no-call list (Omni-Financial was the first telemarketing company in Colorado to be fined, 2001 Court Ruling Awards Consumer Monetary Reward After Suing Omni-Financial, for calling people on the do-not-call list and apparently hasn't learned their lesson as they continue to do so FCC Warns Omni-Financial) you may still have difficulty getting rid of them.

It reminded me of a scene from the 2005 film, The 40-Year Old Virgin where Trish, played by Catherine Keener mistakes Andy, played by Steve Carell, as a telemarketer and tells him off.  The audio can be heard by playing the below video (Caution, contains NSFW language!). 







There is a whole slew of companies harassing consumers who had the misfortune of having a federal or state tax lien filed. If you are on the Do Not Call List file a complaint with the FTC and if your business is being harassed after you asked them to no longer contact you by phone I would recommend filing a complaint with the BBB.

Saturday

Costs of Representation

I find that working on a retainer is the fairest way to bill on tax representation as tax debt is analogous to lifting a rock off the ground-you never know what types of critters will be hiding underneath.  And unlike my competitors I do not over bill and only charge $175 an hour as compared to $250+ as most firms and tax attorneys charge.

The work to handle most individual income tax debt cases averages $2000, payroll tax debt for businesses average $4000.  I do allow the fees to be split up.  To keep fees low it is important to provide me with requested information in a timely fashion (i.e. not missing IRS deadlines or providing me with the information the day of our deadline).  

My Tax Preparation Fees are as follows:

*Same price regardless of filing status (i.e. single, joint, head of household, married filing
seperately, widow) *Add $100 for State Return and $150 for all prior years (prior to current year).

Base Amount and W2s Only $125
For wage earners, no schedules. Also used as the base amount for each return that does include
any schedules.

Schedule A $75
Itemizes allowable deductions against income; instead of filling out Schedule A, taxpayers may
choose to take a standard deduction of between $5,150 and $14,300, depending on age, filing
status, and whether the taxpayer and/or spouse is blind.

Schedule B $75 per page
Enumerates interest and/or dividend income, and is required if either interest or dividends
received during the tax year exceed $1,500 from all sources or if the filer had certain foreign
accounts.

Schedule C $250 per business
Lists income and expenses related to self-employment, and is used by sole proprietors.

Form 8829 $75
Expenses for Business Use of Your Home

Schedule D $75 per page
Is used to describe capital gains and losses incurred during the tax year, and to calculate the tax
amount due given the special reduced tax rates applied to capital gains and qualified (domestic)
dividends.

Schedule E $75

Is used to report income and expenses arising from the rental of real property, royalties, or from
pass-through entities (like trusts, estates, partnerships, or S corporations).

Schedule EIC $50
Is used to document a taxpayer's eligibility for the Earned Income Credit.

Schedule F $125
Is used to report income and expenses related to farming.

Schedule H $50

Is used to report taxes owed due to the employment of household help.

Schedule J $125
Is used when averaging farm income over a period of three years.

Schedule L $50
Is used to figure an increased standard deduction in certain cases.

Schedule M $50 (2009 and 2010)
Is used to claim the up to $400 "Making Work Pay" tax credit (6.2% earned income credit, up to
$400).

Schedule R $75
Is used to calculate the Credit for the Elderly or the Disabled.

Schedule SE $50
Is used to calculate the self-employment tax owed on income from self-employment (such as on a
Schedule C or Schedule F, or in a partnership).

Nicholas Hartney, E.A. 
720.491.3531

What a Successful IRS Offer in Compromise Looks Like (Proof of an Accepted Offer in Compromise, Not Just Words) $5000 settlement on over $65,000 of tax debt


This client owed over $65,000 and as you can see below the IRS settled for $5000 through their Offer in Compromise program.  This of course is not typical for every client.  The selling points for convincing the IRS to settle on this taxpayer's debt was his age (over 60), health issues (artery disease), and lack of assets and monthly disposable income.

This taxpayer had hired the now defunct Tax Masters who had him on a $100 a month payment plan after he paid them to prepare an Offer in Compromise.  I stepped in and first had the IRS drop the installment agreement (i.e. monthly payment plan), then negotiated a currently not collectible status.  After that he was able to borrow $5000 from a friend (which we noted in the Offer in Compromise) and after 8 months they finally agreed to accept the Offer.




If you need help with your back taxes please either email me nick@patriotresolution.com or call me directly at 720.491.3531