Does an IRS Tax Debt Keep You Up at Night?

Sunday, 18 November 2012 23:56 by David Yarborough
A good night's sleep is just a call away. Get out from under the crushing burden of IRS tax debt and eliminate those sleepless nights.
Your IRS debt weighs heavily on your mind. The stress and anxiety from aggressive IRS collection tactics like bank levies and wage garnishments cause many taxpayers to wrongly assume they have limited options. Let The Yarborough Office help you take back control of your future and become Tax Debt Free. Call us at 1-800-270-8616 today.
 
 

Client Settled Large Tax Debt for a Little Thanks to The Yarborough Office

Wednesday, 3 October 2012 01:23 by David Yarborough

 More Good News!  Another client living tax debt free!

The Yarborough Office just negotiated a $230,310 reduction for a client! 

(September 2012)  A client came to The Yarborough Office owing $230,310 to the North Carolina Department of Revenue, from a failed business venture.  The State of North Carolina assessed a large outstanding business tax debt to him personally.  The Enrolled Agents at The Yarborough Office negotiated an Offer in Compromise with the State and settled his large tax debt for $5,000 - saving our client $230,310.  He has paid his Offer in Compromise in full and is now living tax debt free!

 

View Our Latest Professional IRS Debt Solutions Newsletter

Thursday, 27 September 2012 00:49 by David Yarborough

Fall brings a change of seasons and an opportunity for a fresh perspective.  We invite you to make a fresh start and join our other clients on the way to becoming IRS tax debt free.

Our September newletter is full of Straight Talk, Real Answers and a Fresh Start.  Plus, it gives you recent real-life testimonials of clients who just got that Fresh Start with the help of David Yarborough and The Yarborough Company.

Click here to read The Yarborough Company's September newsletter.

Don't miss a thing!  Sign up on our mailing list so that you will receive our monthly newsletters and up to the minute IRS information. 

What to Do If IRS Issues a Tax Levy

Wednesday, 18 July 2012 00:16 by David Yarborough

We talk to many good people who are experiencing tax levies - wage garnishments, income levies, or bank levies.   Obviously they feel overwhelmed, unsure of what to do next, and fear there is no way out.  The IRS is powerful, and the uncertainty of their next move can create a tremendous amount of anxiety. 

A tax levy is a powerful tool for the IRS to collect delinquent back taxes owed.  Remember, the IRS is an unwilling lender.  The IRS and State Department Revenue agencies are creditors who have the authority to forcibly seize assets to clear up back tax debts.  Generally, the IRS will levy bank accounts and income sources. 

The taxpayer must be proactive to correct and avoid any tax levies.  The IRS will use different levy options because the taxpayer is unresponsive, or the taxpayer is not complying with what’s been asked of them.  It helps to know the IRS system, and collection process of the IRS and State to avoid any levy actions.   Important factors – taxpayer must be compliant with any required tax return filings, must be current with any required tax deposits, taxpayer needs to be proactive in addressing the tax debts… but cautious to best position themselves to successfully manage the IRS collection actions and avoid any IRS levies.

For over 33 years, our firm has built a reputation as a strong, reliable resource for people with tough IRS tax problems.  We act as an experienced advocate to proactively seek protection for our clients’ hard earned income and assets.  If you have received and Intent to Levy call us today at (800) 270-8616 and together we will figure out a solution that is right for you and those involved (family members and others).  

 

Find out more by reading IRS Levy Testimonials from Yarborough Professional IRS Debt Solutions.

 

Avoid Tax Scams

Friday, 6 July 2012 23:51 by David Yarborough

Participating in an illegeal scheme to avoid paying taxes can result in imprisonment and fines, as well as the repayment of taxes owed with penalties and interest.

Common abusive tax scams include anti-tax law, home-based business, trust and off-shore schemes.  Read IRS:  Beware of 'dirty dozen' tax scams by CNN Money for more details. 

 

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Frivolous IRS Tax Arguments

Wednesday, 20 June 2012 00:11 by David Yarborough

No matter how some things are sliced, they are still baloney.  If someone tells you that you don't have to pay taxes, check out The Truth About Frivolous Tax Arguments.  This IRS.gov exclusive article addresses some of the most common false "legal" arguments made by those opposed to compliance with the federal tax laws.  The article explains what can happen and what penalities are imposed on those who pursue frivolous cases.

How to Protect Your Business From Being Audited

Saturday, 2 June 2012 01:12 by David Yarborough

In her article "Audit Tips for Small Business Owners" (FoxBusiness, May 2012), Enrolled Agent Bonnie Lee describes ways small business owners can avoid an IRS audit.

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David Yarborough Recognized in The Charlotte Business Journal

Friday, 25 May 2012 23:49 by David Yarborough

David Yarborough is recognized in the "People on the Move" section online on today's Charlotte Business Journal website.  He was recently elected as a Director on the Board of the NC Society of Enrolled Agents.  David is the President of Yarborough Professional IRS Debt Solutions.  The feature recognition will appear in next week's print edition of The Charlotte Business Journal.

Read more about David Yarborough in the Charlotte Business Journal feature.

 

IRS Annouces More Flexible Terms to its Offer in Compromise Program

Wednesday, 23 May 2012 00:24 by David Yarborough

 

In a formal news release today, the Internal Revenue Service announced that it will expand it's "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will help financially distressed taxpayers to clear up their tax problems sooner than in the past.

"This phase of Fresh Start will assist some taxpayers who have faced the most financial hardship in recent years," said IRS Commissioner Doug Shulman.  "It is part of our multiyear effort to help taxpayers who are struggling to make ends meet."

Read more about the IRS expansion of its Fresh Start initiative.

 

 

Yarborough Elected as a Director on Board of NC Society of Enrolled Agents

Wednesday, 16 May 2012 01:06 by David Yarborough

David Yarborough, President of Yarborough Professional IRS Debt Solutions, has just been elected as a Director on the Board of the NC Society of Enrolled Agents.  Last week, Yarborough attended the 7th Annual Carolina Connection 2012 Convention and CPE Seminar held in Asheville, NC.  His board term is for 2 years.