Receiving a letter from the IRS is a very distressing experience. Most people feel helpless and unsure of what options they have, if any at all. At Horowitz Legal PLLC, we custom tailor a solution in order to solve our client’s IRS issues once and for all. As Tax Attorneys, we have experience negotiating with the IRS and achieving quick and favorable results for our clients. Please do not hesitate, as waiting will only exacerbate the problem, moving forward today is your best option!

Offer In Compromise

  • An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship. The IRS will consider your unique set of facts and circumstances:
  • Ability to pay; Income; Expenses; and Asset equity.
  • The IRS generally approves an offer in compromise when the amount offered represents the most the IRS can expect to collect within a reasonable period of time. The Offer in Compromise program is not for everyone and at times may require a thorough analysis and significant disclosures and legal forms to fill. At Horowitz Legal PLLC, our attorneys will walk through the process with you to assure that your rights are protected and that you maximize your application.

Payment Plans/Installment Agreements

  • Often times, we negotiate easy to manage payment plans for our clients, and successfully obtain penalty abatement for failure to file penalties and failure to pay penalties.

Offshore Voluntary Disclosure Program

  • The Offshore Voluntary Disclosure Program (OVDP) is a voluntary disclosure program specifically designed for taxpayers with exposure to potential criminal liability and/or substantial civil penalties due to a willful failure to report foreign financial assets and pay all tax due in respect of those assets. OVDP is designed to provide to taxpayers with such exposure (1) protection from criminal liability and (2) terms for resolving their civil tax and penalty obligations.

Audit Representation

  • An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate. If you disagree with the findings of an audit, it is important to have a competent and experience tax attorney representing you against the IRS.

Cryptocurrency Disclosure

  • The Internal Revenue Service today issued a notice providing answers to frequently asked questions (FAQs) on virtual currency, such as bitcoin. These FAQs provide basic information on the U.S. federal tax implications of transactions in, or transactions that use, virtual currency.
  • In some environments, virtual currency operates like real currency — i.e., the coin and paper money of the United States or of any other country that is designated as legal tender, circulates, and is customarily used and accepted as a medium of exchange in the country of issuance — but it does not have legal tender status in any jurisdiction.

Medical Marijuana Tax Issues

  • Navigating a new frontier for Business Owners engaging in the business of Medical Marijuana in Florida