PERSONAL FINANCIAL SERVICES

WE’RE HERE TO HELP WITH YOUR FINANCIAL NEEDS

Our professional staff receives quarterly education to keep up with the ever-changing tax laws and regulations. The staff at Green Financial is committed to high level of excellence to ensure we provide superior service to our clients.

TALK TO AN EXPERT

Audit/Examination Representation

Is the IRS threatening to levy your assets? Our firm will stand between you and the swift hammer the government swings.

We will ensure our clients comprehend the process and understand their tax obligations throughout the tedious process.

Penalty Abatement

Has the IRS sent you letters indicating you owe taxes or have pending penalties?

Collective penalties corresponding from; failure-to-file, failure-to-pay, underpayment of estimated tax, substantial understatement, failure-to-deposit, substantial valuation, information error reporting and much more.

Payment In-Full

As a taxpayer, you have the ability to negotiate with the IRS to settle your tax deposits. Settling a tax payment in full can have several benefits when working with the IRS. Paying a deposit in-full within 180 days may levitate collection activities, such as liens or levies.

Incomplete Tax Returns

Tax season is long, dreadful and for many of us, it can be an overwhelming time of the year.

Allow our tax experts to walk you through the process of filing old tax return and reinstating your confidence in your financial obligations year to year.

Offer-In-Compromise

Taxpayers in special circumstances may be eligible for an Offer-In-Compromise (OIC). An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount.

Taxpayers may be able to settle their debt for with the IRS for considerably less for the following reasons; Doubt-as-to-Liability, Doubt-as-to-Collectibility, and actual tax administration. This process is conducted by using formulated financial data to calculate a minimum offer amount.

Installment Agreement

The IRS's "Fresh Start" program, allows eligible taxpayers who owe up to $50,000 to pay their tax deposits over a period as long as 72 months (6 years).

Taxpayers who have tax debts exceeding $50,000 or need longer than 6 years to settle their debt may qualify for special programs but the IRS will require financial statements and may ask for one of two forms: either Collection Information Statement, Form 433-A or Form 433-F.

Levy Collections & Tax Settlements

The IRS has developed a special program for taxpayers that qualify. The programs make it easier for taxpayers to pay back taxes and avoid tax liens.

In some cases, even small business taxpayers may profit from these programs.

Important features of the IRS qualified programs; Tax Liens.

The IRS recently increased the amount taxpayers can owe before the IRS will file a Notice of Federal Tax Lien. That amount is now $10,000. However, the IRS may still file a lien notice on sums less than $10,000.

A common issue among taxpayers stems from defaults on the Direct Debit Installment Agreement.

Neglected payments can generate an automatic withdrawal of FORM 12277 and the IRS may file a new Notice of Federal Tax Lien and resume collection actions.

2019 PERSONAL TAXES

Are you unsure if you should file taxes? For 2019, if your gross income meets the minimum below, contact us and we will tell you how to move forward.

Single Filing Status

$10,400 if under age 65
$11,950 if age 65 or older

Married Filing Jointly

$20,800 if both spouses under age 65
$22,050 if one spouse under age 65 and one age 65 or older
$23,300 if both spouses age 65 or older

Married Filing Separately

$4,050 for all ages, but only $5 if your spouse is itemizing his or her deductions

Head of Household

$13,400 if under age 65
$14,950 if age 65 or older

Qualifying widow(er) with dependent child

$16,750 if under age 65
$18,000 if age 65 or older

WE’RE HERE TO HELP WITH YOUR FINANCIAL NEEDS

Levy Collections & Tax Settlements

2019 PERSONAL TAXES

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