We help clients in Monahans, Texas with IRS tax matters, including IRS payment agreements, collections, and audits.
The chances of being audited by the IRS are not high. This is particularly true for taxpayers in Monahans, Texas. The IRS audit rate has been at all time low. This is of little consolation for those taxpayers who are actually audited. The IRS has been going after fewer taxpayers, but making larger adjustments for those taxpayers.
Instead of conducting audits, the IRS has centralized its work. This has resulted in the IRS trying to conduct audits via correspondence. This often results in misunderstandings and presents a number of challenges for taxpayers who may not be able to mail all records to the IRS and who may simply not receive the IRS’s correspondence. This typically results in artificially large tax bills. It also results in the assessment of tax penalties, which may not have been assessed had the IRS met with and gained a better understanding of the taxpayer and their positions.
The IRS has also re-focused its efforts on collecting unpaid tax debts. Unlike IRS audits, the chance of being contacted by the IRS for an unpaid tax debt has increased. This is even true for taxpayers in Monahans.
At the same time, the IRS has improved its collections programs in light of recent economic difficulties. These changes have made it easier to resolve some unpaid tax debts.
This makes it an ideal time to try to resolve unpaid tax liabilities. This is true even if the taxpayer was not successful in working with the IRS to resolve their debts in the past.
We can help with this. We help taxpayers, including taxpayers in Monahans, with IRS audits and unpaid tax debts. Please contact us immediately If you are in Monahans and are under audit by the IRS or have an unpaid tax debt.