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Many people and businesses have "tax problems" of some type in their lifetime. Frequently taxpayers will pay tax assessment notices without question because they don't think they can "fight city hall." These problems can consist of one or more of the following:
· Penalty notices for late or delinquent tax returns.
· Penalty notices for late payment or non payment of taxes.
· Notice of Federal, state or local tax audits (income, payroll, sales or use tax).
· Inability to pay taxes due to financial hardship.
· Improper or incorrect assessments of income taxes.
· Assessment of taxes as a result of spouse or former spouse tax wrongs.
· Challenge by IRS of the amount of compensation a corporation has paid its officers (unreasonable compensation).
Hofmann & Company has had extensive experience in dealing with all the above issues. Examples of what can be done to minimize these issues are:
ü Penalty abatement requests and appeals.
ü Experienced audit representation.
ü Offer in Compromise requests based on inability to pay or doubt as to liability.
ü Innocent spouse status requests.
ü Reasonable compensation studies specific to your industry and locale.
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