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Let Our Tax Experts Help Resolve Your IRS Debts Fast!

Need IRS debt forgiveness? Consider an offer in compromise.

As you know, whether traveling for business or pleasure, you need a valid passport for most trips outside the United States. These days, you even need a passport to fly to and from Canada or Mexico.

I wanted to make you aware of a new law that’s on the books that requires and/or authorizes the State Department to deny, revoke, or limit your passport if you have “seriously delinquent tax debt.”

You have seriously delinquent tax debt if

• the amount you owe exceeds $50,000, including interest and penalties;
• the IRS has assessed that amount; and
• the IRS has filed a notice of tax lien, and all administrative remedies have been exhausted or served to you by levy.

If you have a tax bill you can’t afford to pay, you may be tempted by ads from companies that promise to broker total IRS debt forgiveness on your behalf. But complete forgiveness of tax liability outside of bankruptcy is very unlikely. An offer in compromise may be a more realistic option.

DQ Tax Service helps individuals and business owners resolve their tax debts fast. Owing money to the IRS can be intimidating and stressful. We've helped hundreds of people lower their debt and get their lives back. We’re with you every step of the way.

We can work together to make your tax liability no longer "seriously delinquent". You can accomplish this by:

• entering into an installment agreement or an offer in compromise that satisfies the amount agreed upon,
• requesting innocent spouse relief, or
• requesting a collection due process hearing following an IRS levy.

At DQ Tax Service, we’re here to help.

• Take action to help protect your assets
• Work directly with the IRS so you don’t have to
• Handle all tax debt sizes, big and small, simple to complex

TYPES OF TAX DEBT CASES WE HANDLE

• Wage garnishment
• Tax liens
• Tax levies
• Delinquent tax returns

• Interest & penalty abatement
• Offer-in-Compromise
• Installment agreements
• Innocent / injured spouse relief

CLICK HERE & MAKE YOUR APPOINTMENT !

Our Transcript Analysis Provides Critical Information That Is Useful in Developing The Key Components To A Permanent Resolution For Your Personal Or Business Tax Problems. 

How long does the IRS have to collect back taxes?

How long does the IRS have to collect a tax debt? Do unpaid taxes ever expire? If you owe taxes to the IRS, you may have these questions. As a general rule, the IRS has ten years to collect back taxes or tax debt. There are exceptions.  Talk to DQ Tax Service to find out what your exceptions are.

In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debt.  After that, the debt is wiped clean from its books and the IRS writes it off. This is called the 10 Year Statute of Limitations.

It is not in the financial interest of the IRS to make this statute widely known.  Therefore, many taxpayers with unpaid tax bills are unaware this statute of limitations exists. In addition, like most IRS rules, the nuances of the statute  can be complex and difficult to understand. This article explains what tax debtors need to know in order to decide if it is financially advantageous  for them to “wait out the IRS.”

Those choosing this option must be prepared for the IRS to leverage all its legal tactics to collect during that period. Toward the end of the Collection Statute Expiration Date (CSED), the agency will likely become even more aggressive in its collection actions.

How Much Do I Owe in Taxes to the IRS? 3 Ways to Find Out

If you owe tax to the IRS but aren’t sure how much you owe, there are a few ways to find out. You can do that online, over the phone, or through the mail. The most reliable ways are over the phone or by using the online tool offered by the IRS since mail you receive from the IRS may not contain total balances for all years or mail could have been lost. 

Or you can let DQ Tax Service do the work for you. There’s one simple answer for getting all your records of tax filings, income, and account activity from the IRS: tax transcripts. But it’s not that simple at all.

Many people have never heard of a tax transcript – much less understand why they may want to access theirs. And because IRS transcripts aren’t exactly easy reading material, people get confused after they have their transcripts in hand.

Here are the most common questions and answers to help you understand IRS transcripts.

Why would I want to get my tax transcript?

Most of the time, people use tax transcripts to:

• Understand their status with the IRS
• Get their income or filing history
• Verify their tax return information for a third party, such as a lender or for a legal issue
• Prepare accurate and complete tax returns that show all their income reported to the IRS
• Help resolve IRS tax notices, discrepancies, and other issues
• Research their account if they’re under IRS audit

What’s an IRS Account Transcript?

The IRS keeps a database of information regarding each Tax Identification Number (TIN).   The information is recorded on Account Transcripts, that show activity on the TIN for each tax year.

What is Transcript Analysis?

To the untrained eye, these Account Transcripts can seem to be in a different language.  DQ Tax Service has over 25 plus years of experience with transcript analysis and will decipher your IRS account history so that you are well informed and can take the necessary steps to resolve your IRS tax matter. Our Transcript Analysis service includes a breakdown of active IRS demand letters, penalties and interest you’ve accrued, any tax liens or levies filed or released, the Collection Statute Expiration Date (the Government’s right to pursue timeframe), your IRS payment history and if you are at risk for collection.

Why is Transcript Analysis important?

The Transcript Analysis is a gateway into the IRS’s current and future actions with taxpayers who have years of unfiled tax returns or have a heavy tax burden.  It provides the exact information that the IRS has – critical information that is useful in developing the key components to a permanent resolution to a personal or business tax problem.  As the IRS states, “IRS transcripts are often used to validate income and tax filing status for mortgage applications, student and small business loan applications, and during tax preparation.” Clearly, Taxpayer transcripts contain very useful information, and you should know what the IRS knows about you.

How can a Taxpayer of obtain their IRS Transcript (or Tax Record of Account?)

Anyone can obtain their taxpayer transcript from the IRS government website, however, obtaining it quickly and deciphering it can be complicated.  The best course of action is to obtain your transcript with the help of experienced tax resolution experts such as those at DQ Tax Service. With your authority, our certified tax professionals will immediately pull your record and inform you on what the IRS is most likely to do next regarding your tax problem. We’ll step into your shoes and head-off the IRS from actions that could inhibit the continuance of your economic life. DQ Tax Service is committed in providing you with an actionable resolution strategy to permanently solve your tax debt problem.

Contact our team at DQ Tax Service today and get on the right track for your taxes.  Let the upcoming year be a year that you are at ease with your taxes and relax in life with other things that are more enjoyable and important.

Get Help Starting a Business 

START AN LLC WITH THESE  EASY STEPS:

Starting your Limited Liability Company

If you want to start a business, forming a Limited Liability Company — or LLC — could be a great choice. LLCs are designed to be simple and inexpensive to setup, and are easy to run. They have many of the advantages of larger businesses and corporations without all of the rules, regulations and legal compliance commonly found with other business entities. LLCs are registered with the government in your state.

Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts. LLCs are generally easier to set up and more flexible than corporations, and they tend to have fewer ongoing reporting requirements.

Creating an LLC: How to Set Up Your New LLC Business

There are six easy steps you need to take when setting up an LLC:

1. Name Your LLC

First, you’ll need to create an original name for your new business. The name of your LLC must comply with the rules of your state's LLC division. (Typically, this office is combined with the corporations division within the secretary of state's office.) While requirements differ from state to state, generally:

• the name cannot be the same as the name of another LLC on file with the LLC office
• the name must end with an LLC designator, such as "Limited Liability Company" or "Limited Company," or an abbreviation of one of these phrases (such as "LLC," "L.L.C.," or "Ltd. Liability Co."), and
• the name cannot include certain words prohibited by the state, such as Bank, Insurance, Corporation or City (state rules differ on which words are prohibited).

2. Provide the Address for Your New LLC

Each LLC will need to have a designated business address. If you’re running a company from home, this can be the same as your home address. If you’re renting office space, it can be where your office is located. If you have multiple locations, it would be the address where your “head office” is. This will vary as some states will permit a PO Box.

3. Assign a Registered Agent for Your LLC

Every LLC must have a registered agent. For small LLCs, this is generally the same person as the managing director or owner.

For small LLCs, this is generally the same person as the managing director or owner. The member — or owner — of an LLC can also serve as the registered agent, but some members will prefer to assign those responsibilities to another individual or company. The registered agent is simply the person who receives official legal and tax correspondence.

4. Provide the Names and Addresses of LLC Members

The LLC members are typically the people who own and run the business. They are also the ones who can take profits out of the business to pay themselves. Most states require you to list the names and addresses of all members when you register the LLC. You can register these addresses as street addresses or P.O. boxes.

5. State the Purpose of Your LLC

Some states require you to explain the purpose of your company. This does not limit you to engaging solely in that type of business — It's fine to expand into new areas later on.

6. File the Articles of Organization

After settling on a name, you must prepare and file "articles of organization" with your state's LLC filing office. While most states use the term "articles of organization" to refer to the basic document required to create an LLC, some states call it a "certificate of formation" or "certificate of organization."  At DQ Tax Service we can do this on your behalf.

Filing Fees

One disadvantage of forming an LLC instead of a partnership or a sole proprietorship is that you'll have to pay a filing fee when you submit your articles of organization. In most states, the fees are modest -- typically around $100. A few others take a bigger bite: California, for example, charges an $800 annual tax on top of its filing fee.

Who Can Start an LLC?

Most people in good legal standing are able to form an LLC. You should consider creating an LLC if you want to limit your personal liability and personal exposure. Forming an LLC protects your personal assets from any claims or debts your business has against it.

It’s important to note that not all businesses can operate as LLCs. For example, businesses dealing with banking or insurance are typically prevented from forming as an LLC. There are also restrictions from state to state, for example California prevents some types of professionals from starting LLCs. To learn more about the specific regulations in your state when starting your LLC, research your LLC state rules and regulations. 

How to Create an LLC without Breaking the Bank

DQ Tax Service provides a cost effective service to help you create your LLC. We guide you through the process and handle most of the administrative steps, such as filing the articles of organization, on your behalf.  If you're looking for help to start an LLC, our comprehensive package services provide outstanding value. 

        Contact DQ Tax Service for your free business consultation to get started!  

1-443-690-8648 / dqueen@dqtaxservice.com

Let's be honest: Thinking about the inevitable—death—is not very pleasant. Perhaps that's why so many people fail to plan for the time when their time will be up. Even clients who make the effort to plan their estates often neglect to follow through or update their plans as changes occur in their lives.

For your estate plan to remain a valuable asset for you and your heirs, you would be wise to avoid these common mistakes.

Thinking your state will handle everything. You might think that having a trust, such as a revocable trust, is just for the rich or that if you have a will, you've covered your bases. Well, consider this: A will may indicate who gets what upon your death, but your estate may have to go through a very public probate process, and probate can be very expensive.

If you have a revocable trust, it eliminates the probate process for the assets titled in the name of the trust, and it ensures that your privacy and the privacy of your heirs are protected.

Thinking your work is done after creating a trust. Establishing a trust and signing the document is just the first step, but many people forget to fund their revocable trust. Remember, the trust does not exist unless it holds assets. When you establish a revocable trust, you need to retitle your accounts in the name of the trust. Your financial planner or brokerage firm will help you do this.

Good estate planning is an essential component to any good financial plan. By working with a reputable estate-planning attorney and making time to review and discuss your estate plan on a regular basis, your estate will pass to your heirs—hopefully with less drama but certainly as you intended.

We have taken the necessary steps to address this important subject to now offer you access to an all-digital program to create a complete estate plan portfolio. This service covers the necessary steps for developing a plan to help protect your assets and ensure that they pass on from one life onto the next generations with the least emotional or financial stress on the family.

Estate planning isn’t just for the wealthy. The plan is more than just a will, more than just naming your beneficiaries – it’s about making a plan that will help your family during a difficult time. We can help you with that.

NO MATTER YOUR LEVEL OF WEALTH, ESTATE PLANNING IS A VITAL PART OF YOUR FINANCIAL PLAN. PLANNING AHEAD CAN GIVE YOU MORE CONTROL, PRIVACY, AND THE ABILITY TO LEAVE MORE FOR YOUR LOVED ONES.

A secure plan starts with a simple conversation.

Call 443-690-8648 or e-mail us dqueen@dqtaxservice.com today to set up a time to discuss your specific goals to help protect what’s most important to you.  

Letters from the IRS?

Let the professionals here at DQ Tax Service help you with your every tax need!  Our Office is open year round for any and every tax situation.

At DQ Tax Service, we can take care of every letter you receive from the IRS or any state.  Our enrolled agents can also help with representation before the IRS.  Stop by our office or call us to talk with any of our preparers.