When it comes to stressful life experiences, receiving a notice from the IRS about an audit or tax dispute ranks near the top. Whether it's a disagreement over an audit or an assessed penalty, taxpayers often assume their only options are filing an appeal or preparing for a long, expensive legal battle. What you may not realize is that there is a third option: mediation. Also known as alternative dispute resolution, it can be a faster, less costly path to resolving IRS issues.

Understanding when mediation makes sense and how it compares to other resolution options can help you take control of your tax situation while finding a solution that works in your favor.

Facing tax issues with the IRS can feel overwhelming, especially if you’re dealing with a tax lien or levy. These actions are serious, and understanding what the IRS can and cannot do is critical to protecting your assets and resolving the problem quickly. The good news? With the help of a qualified CPA, you can take steps to address the situation and get back on solid financial ground.

Facing an IRS audit or dealing with a complex tax issue can feel a bit like navigating an endless, highly complicated maze. While the IRS does provide resources and information, the process can be incredibly overwhelming, leaving you feeling unsure and out of your depth. In these situations, understanding your options and seeking professional support becomes crucial. This is where third-party representation comes in, offering a valuable solution to individuals and businesses facing tax challenges.

The April tax deadline is looming. If you haven’t filed your taxes yet, you may be debating whether to hire a CPA or do them yourself. If you do decide to engage a professional, must they be a CPA? Knowing when the time is right to bring in a CPA can help you run your business more successfully. So… when do you need to hire a CPA for tax preparation?

When you open your mailbox and find a simple white envelope with the return address containing the words “Internal Revenue Service” or “State Tax Commission”, you might feel your heart skip a beat as anxiety sets in. It could be a simple notice informing you of your Identity Protection PIN, or a request for more information, or possibly a notification of something more serious, such as potential tax identity theft or an impending audit. Once you steel yourself to open the envelope, it’s likely that your initial thoughts will be along the lines of  “How do I handle this?” and “Who can help me?” This is the reason that we at Myrick CPA are introducing the Client Care Services Plan - for your peace of mind.

CPA Charles Myrick has more than twenty years of experience in tax resolution. He is highly skilled in advising, representing, and negotiating with the IRS on behalf of his clients who are being audited or who owe back taxes, in addition to other problems they may be facing. The Myrick staff are exceptional when it comes to taking on the challenges of complicated audits, and reducing stress on their clients. If you are facing a tax audit, you may need help from a tax resolution specialist.

Tax professionals across the country recently reported a surge in mistaken IRS balance due notices, as well as cases of failures to post payments made to taxpayer's accounts. The IRS is currently studying how widespread these cases are and the best options to address them. Here's what you can do if you've received one.

Don't spend time worrying about overdue taxes. Instead, take action. Do you owe less than $10,000? If so, your best bet might be to read about your options below. But if your tax bill is larger, for example, more than $10,000, then that is the time to contact us. We're specialists in tax resolution. We can explore if you qualify for options such as debt forgiveness and can even lift the burden off you of dealing with the IRS to negotiate a solution on your behalf.

Perhaps you’ve received a letter from the IRS recently and have been informed that they’re beginning the collection process of delinquent tax liability debts and that you are one of those debtors. On the other hand, perhaps you haven’t gotten a letter, but anticipate getting one soon, now that the IRS has resumed collections after the COVID-related pause of last year. Remember, they can go back for ten years to collect from past-due income tax filings. Knowing that you owe a large sum of delinquent back taxes without realizing precisely what can or will happen next could be keeping you up at night. 

Charles Myrick, a Certified Public Accountant, has more than two decades of experience representing taxpayers with the IRS. He is highly knowledgeable and experienced in what is known as tax resolution — the specialty of advising, representing, and negotiating with the IRS on behalf of taxpayers in problem tax cases. He and his staff feel a real sense of satisfaction from solving difficult problem tax cases and removing the giant weight off a client’s shoulders that comes from stressful interactions with tax authorities.