They know where you live, where you bank, AND where you work.
You can't ignore them, and they won't ignore you. You have to deal with them -- SOON! Usually, they wait no more than 30 days before they strike again.
The next thing they will probably do if you ignore them is a LEVY of your wages, or your bank, or the people you do business with! That is where they leave you with as little as $179.00 per week take home pay, bounce all your checks, stop your businesses from operation, or contact all your clients. Their computers usually do this automatically.
How do you STOP all this? By hiring a seasoned tax professional like us to step in between you and them. They will then call or contact us, not you! Someone who knows what to do! Someone who has done it time and time again. That's us. We are a firm of Certified Public Accountants and Enrolled Agents licensed to practice before the Internal Revenue Service. We always do what we say we will do for you, and you can afford us.
You do not want to hire one of those TV "Experts." They, for the most part, take your money and do nothing. Many of them have been sued and severely fined. Do your research. Hire a local professional.
Because you have a lien, and it's a public record, you will be getting dozens of letters and phone calls from firms offering to "solve you problems" or "get the IRS to make a deal."
There are no "magic" answers. The IRS is NOT OFFERING SPECIAL "DEALS." But they will listen to somebody representing you that knows what they are doing. Somebody who knows THEIR LAWS & RULES! Somebody who is trustworthy and competent with a proven record working with them.
Welcome to Cain, Bourret, Jarry & Cressman LLC where finding solutions to your IRS tax problems is our business. We represent clients from all states, and we're always willing to accept new clients.
Offers in Compromise
Installment Agreements
Audit Representation
Lien Removals
Levy Releases
Currently not Collectible Status
Subordination Agreements
Representation of your problems with the IRS and All States
IRS Notice Analysis by fax, mail or e-mail (FREE)
Trust Fund Penalty Representation
Non-Filed Returns
Innocent Spouse Wage Garnishments
Back Taxes
And MORE!
Our firm offers full representation and will negotiate with the IRS on your behalf. Our clients do not meet or speak to the IRS directly. If you qualify for an Offer in Compromise, we will use our years of experience and expertise to get the lowest possible settlement. We have the knowledge, experience and expertise to negotiate for you throughout the IRS process so you do not have to.
Hiring a professional will save you TIME, MONEY AND FRUSTRATION.
You CAN afford to hire us. We will make reasonable payment arrangements with you. We take all major credit cards. You talk directly with a Certified Public Accountant or an Enrolled Agent at all times. No Salesmen.
Managing payroll can be time-consuming, especially if something goes wrong! Correcting issues requires a thorough knowledge of tax laws and deposit rules. As a small business, it can be challenging to keep up with all of these tasks.
Cain, Bouret, Jarry & Cressman LLC's payroll services are designed to provide you with a comprehensive solution for managing your payroll duties. With our services, all you need to provide is your employee data. Initially, the data includes employee names, addresses and social security numbers. Then, you simply call in your employee hours every payroll period. Once we receive the data, we handle the rest!
In addition to paychecks; a payroll service can help generate the payroll forms that you require, file your payroll tax returns, and more to keep your business running smoothly.
Take the headaches out of payroll! Use the Cain, Bourret, Jarry & Cressman LLC payroll services! We monitor all applicable federal, state and local laws that may affect your tax filings. We will stay on top of these updates so you will never have to worry about being late or behind. Let us take care of your payroll needs so you can focus on what you do best.
Cain, Bourret, Jarry & Cressman LLC complies with federal data security regulations, so you know that your data is secure. Federal regulations ensure that your data is maintained and transmitted securely.
We provide bookkeeping services for far less than the cost of an in-house bookkeeper. And, we will do the bookkeeping in our office, or yours! In addition, we can recommend accounting software and help with installation and training.
Furthermore, our CPAs and EAs can prepare, review and file your tax returns to keep you in compliance.
Through an in-depth analysis and evaluation of your internal controls, followed by an audit of your company or entity's financial statements, we will issue our audit opinion in accordance with Generally Accepted Accounting Principles (GAAP).
In a review we perform analytical procedures and develop expectations that assist us in determining whether your financial statements are consistent from year to year and possibly discover unexpected variances that will assist you in evaluating your operating effectiveness and profitability.
We will compile your company's financial statements on an as needed basis, whether a monthly, quarterly or yearly basis.
We may provide agreed upon procedures for grantors, contractor compliance for bonding purposes, internal control studies, or litigation support. These services will result in a written report suitable for your needs and in compliance with industry guidelines and regulations.
► Manufacturers ► Not-For-Profit Organizations ► Hair Dressers and Day Spas
► Property Management Companies ► Alumni Associations ► Bars and Restaurants
► Condo and Homeowner's Associations ► Real Estate Agencies ► Attorneys
► Machine Shops ► Construction Companies and Trades ► Doctors and Dentists
The team of tax professionals at Cain, Bourret, Jarry & Cressman LLC will work with you to keep your taxes to a minimum and develop effective tax planning techniques to achieve your personal and business goals. As your trusted advisor, we understand the financial impact that decisions can have on your life. Our professionals have the knowledge and expertise to develop plans customized for your situation. Our firm and its staff are available twelve months a year to assist our clients with addressing any tax needs.
Today's tax laws are so complicated it is easy to overlook deductions and credits to which you are entitled. Each of our tax professionals prepares hundreds of tax returns each year. We have the knowledge and expertise in filing returns for individuals, corporations, partnerships, LLC's, trusts, estates and not-for-profits. We also provide tax preparation services for all US states and Canada.
We can assist you in planning for life's important changes and the future. Regulations governing taxation of trusts and estates at both the federal and local levels are extremely complex and subject to constant change. We can provide insightful ideas and options to protect your retirement and legacy.
Are you concerned about non-filed tax returns? By law, all Americans are required to file their tax returns, every year, on time; if they meet the defined minimums as outlined each year by the Internal Revenue Service. Whether the IRS sends you a notice of nonfiling or not, it is your duty to file. Whether you receive a form in the mail or not (such as a 1099 or W-2); you are still required to keep proper, adequate records, and file and pay on time.
That's why it's important to take care of non-filed tax returns ASAP. We see countless self-employed people who constantly tell us "Well, I was not on the books for that job or this job; therefore, I do not have to file." or "I didn't receive any Form 1099's, so I didn't make much money last year." Well, the IRS doesn't buy this, nor do we! Think about what you lived on this past year--food, clothing, shelter, vacations, auto payments, etc. . .! Add those amounts up for last year. That is what the IRS will do! If these items add up to, let's say $45,000, then you must have earned at least that much. Your tax return had better show at least that amount of earnings, if you did not live off savings or receive a gift.
The IRS usually only requires the last 6 years of tax returns, maybe up to 10 years, but filing these does not mean that you complied with the laws of the United States if you skipped filing many, many more. The IRS may, out of the goodness of their hearts, allow only the 6 or 10, but you have still violated the law.
Are you now on a payment schedule with the Internal Revenue Service? Or, have you been told that you must get on to one soon by an IRS Revenue Officer or IRS representative? Why not convert it to an IRS Offer in Compromise instead, save tens of thousands of tax dollars, and get rid of your debt to the IRS forever?
An Offer in Compromise is a wonderful way to get rid of all the tax you owe, if you qualify. Don't be taken in by unscrupulous "Tax Settlement" companies who say "send us $4,000 and we will get you a settlement for pennies on the dollar!" Again, you must qualify before doing an offer!! Very few qualify. How do you know if you qualify?
Call us. We have a free half-hour consultation, in person or over the phone. We will ask all the right questions upfront, and make sure you qualify before we take a dime from you!
We have successfully negotiated hundreds of Offer in Compromises! There is tons of paperwork that must be prepared and submitted including an extensive financial statement, for an investigation of the facts. There are many, many pitfalls that may come up in the investigation, such as "DISSIPATED ASSETS;" that will get your offer turned down. You don't want to try doing this by yourself! Don't hire one of those TV firms that usually take your money and do little work! Hire a local professional that you can sit down with and look them in the eye!
If an OFFER IN COMPROMISE doesn't work out for you, we will suggest other ways to get your IRS problem under control. These ways include installment agreements, currently not collectible status, amended returns, penalty abatements, statue of collections, etc. We will find a way out for you if at all possible!! So, call us now!
The following is a description of the actions the IRS can take to compromise your daily lifestyle. If you would like to learn more about how we can help, then contact our representatives immediately.
Q. What Are Levies?
A. Levies are the IRS's way of getting your immediate attention. What they are saying is that we have tried to communicate with you but you have ignored us. Levies are used to seize your wages (commonly referred to as garnishment) and whatever other assets you have: checking accounts, savings accounts, autos, stocks, bonds or anything else you own. If you have more in the bank than you owe; they will only take that amount, leaving the rest for you. Cain, Bourret, Jarry & Cressman LLC, in most cases, will be able to get those levies released and then help you get out of that terrible situation. Our goal is to get you even with the IRS, with what you can afford, and let you start life anew.
Q. What Are Liens?
A. When your taxes are not paid, the IRS establishes a lien against all of your assets. This gives the IRS the legal right to collect taxes from your assets, which includes just about everything you own. The lien can be against you, your spouse, or your company. A lien against you and your company could and would seize your accounts receivable. At this point everything you own is just one short step away from becoming the property of the United States Government.
Q. What Are Dissipated Assets?
A. Dissipated Assets are assets that the IRS notices that you sold, withdrew or otherwise disposed of in recent months or years. For instance, you made out a Form 433A Financial Statement for the IRS and listed that you had no money in your 401K Retirement Plan, but they examine the records and see that you withdrew $50,000 from the 401K 15 months ago. They then inquire of you, "What did you do with the $50,000?" You answer, "Well, I paid off some credit cards, took a trip to Cancun, helped my Mother-in-Law out, bought a new car, etc. . ." They say, "At the time you spent that $50,000, you owed the IRS $43,500! Why didn't you pay that instead with the money?" You have no answer! You had just submitted an Offer in Compromise, offering $5,000 to pay off your back taxes owed of $70,000. This now increases your offer to $48,500 (the original offer of $5,000 plus the $43,500 of dissipated assets). The IRS thinks you should pay them first, not other debts such as credit cards. They don't care if you ever pay off those credit cards. Or your automobile loan, or anything else!
When this Firm prepares to send in an Offer in Compromise on a client's behalf, we check things out like dissipated assets FIRST! When you call the TV experts, they just say "You qualify for an Offer in Compromise." But they say that just to get your money. Don't trust them! Don't hire them.
Q. What Is an Amended (Tax) Return?
A. It is a claim by a taxpayer to the IRS for a refund of all or part of the taxes paid in earlier years. Such a claim can result from the correction of an error or the availability of a loss or credit that can be carried back and used to reduce the tax liability of a prior year.
Q. What Are Penalty Abatements?
A. Tax penalty abatement is the process of reducing or removing penalties assessed by the IRS as a result of late or misfiled taxes. Abatement does not remove the responsibility you have to pay the tax that was underpaid, paid late or missed in the past. It only allows for the assessed penalty to be lifted.
Q. What is a Statute of Limitation (Collections)?
A. Legal limits imposed on the IRS for assessing and collecting taxes, and on the Justice Department for charging taxpayers with tax crimes. The current statute of limitations for collection is 10 years from the date of assessment. However, the statute can be extended by certain actions of the taxpayer.
Q. What is a Wage Levy?
A. The IRS can levy your wages or accounts receivable and all other sources of income. The person, company, or institution that is served the levy must comply. If they do not comply, they too may have daunting IRS (legal) problems. Wage levies are filed with your employer and remain in effect until the IRS notifies the employer that the wage levy has been released. Most wage levies take so much money from the taxpayer's paycheck that the taxpayer doesn't have enough money to live on.
Q. What is a tax audit?
A. Audit by the IRS or other tax-collecting agency to determine whether a taxpayer has paid the correct amount of tax.
The IRS places these on larger balances to protect the interests of the United States in the same way that a bank will record a lien on a vehicle loan to protect their interests. These are usually done automatically by ACS (Automated Collection Services), or by local Revenue Officers. They remain until the debt is paid in full or canceled by the expiration of the 10-year statue of collections or an accepted Offer in Compromise. They are annoying, and will seriously hurt your credit. As a rule, if you set up an Installment Agreement with the IRS, a Lien is automatically recorded by the IRS. We have gotten Liens released, either fully or partially; but it's not easy or usual. Avoid them if you can in advance.
These are placed upon wages, bank accounts or financial accounts by the IRS after they have properly warned you in writing. Generally, if you set up an approved Installment Agreement, the IRS will not Levy. Usually, it's one or the other (Installment Agreement or Levy) unless you submit an Offer in Compromise, get placed into "Currently Not Collectible" status, or the IRS does not pursue collection activity for some other reason. Levies are very difficult to get removed. Usually, you will have to do Financial Statements, show reasons of financial distress, or other lengthy discussions with the IRS. It can be done, however; and we do it regularly.
The team at Cain, Bourret, Jarry & Cressman LLC is specially trained to service corporations, LLC's, partnerships, sole proprietors, not-for-profits, estates and trusts. Put our over 100 years of combined experience to work for you today! Our business consulting services are designed to help you plan for any aspect of your business whether it's bank financing, cash flow management practices, or strategic business planning. We will act as a sounding board for management and provide strategies to address issues affecting your business.
Business Entity Selection: Allow us to help you determine the best entity type for your business. Choosing the form of business entity is a crucial decision, having longstanding tax implications. We can help you decide the best entity type to accomplish your goals.
Business Succession Planning: Transitioning a business to the next generation, key employees, or outside owners is a daunting process. We want to get involved early to help you make the transition a success. Our financial expertise allows us to address complex issues in business continuation and assist you in developing a strategic transition plan.
Estate Planning: While the new tax law had made the estate tax less likely for many, there are areas of estate planning we all will face. Our knowledge of your financial situation allows us to ask questions you may not have thought of related to the orderly transfer of assets to heirs. We can guide you through the complex task of getting your financial affairs in order. Preparation now will help reduce the stress during a difficult time.
Cash Flow Management: Cash flow management is a crucial piece of running your own business. A cash crisis can be emotionally devastating or could put you out of business. We can help you know when, where and how your cash flow needs occur. We can help you develop positive business relationships with bankers and other creditors--the best sources for meeting your cash flow needs.
Allow us to help develop a short-term (Weekly/monthly) cash flow projection to help you manage your daily cash needs. We will also help with a long-term projection (annual/3-5 years) to address the necessary capital needs to meet your business obligations. A cash flow projection is the starting point for avoiding a cash flow crisis.
