Charlotte Tax Help
Levy and Associates is home to a team of attorneys, certified public accountants, enrolled agents, former IRS revenue officers, and other experienced staff members prepared to address and rectify any tax issues you are facing. With over 50 years of experience providing assistance to those who need it the most, we are the place to turn to when you need tax help.
Solutions for Diverse Tax Issues
Our team has a wealth of experience and can offer you tax relief in a wide variety of areas. For instance, you might have received a tax audit notice from the IRS. When this occurs, the agency will want further documentation to verify the information you filed on your tax return.
While this can be a stressful process, our team will work with you to identify what information is needed and make sure you are represented properly during the audit.
Additionally, if you have failed to file returns in previous years, it is important that you do so right away. The IRS can assess penalties for failing to file and will charge you interest and fees on any balance owed. These fees can grow your balance quickly. Luckily, our experienced team also provides IRS help and will work with you to file back returns.
In other instances, you might find yourself falling behind on taxes owed to the IRS. While this can happen to anyone, it is important to understand the IRS is tenacious in pursuing tax debt. A common debt collecting tactic they employ is a tax lien.
If you own a home, the IRS can place a lien against it that prevents you from selling it. More importantly, if you fail to repay your debt, they could take your home as collateral for the defaulted amount.
If you find yourself owing the IRS money, our Charlotte tax professionals can work with you to identify the best solution and resolve your tax troubles.
North Carolina Tax Laws
North Carolina collects personal income tax like most places in the United States. (There are only a handful of states in the country that do not impose a traditional personal income tax.) Consequently, residents of Charlotte and the rest of North Carolina must file a federal and state income tax return each year.
In general, the personal state return deadline is the same as the deadline for the federal tax return (April 15). Residents of North Carolina need to make sure they file before the annual deadline, even if they are concerned with how they will pay the amount due. Fortunately, there are a variety of ways you can resolve tax debt with the Internal Revenue Service.
Revenue from state taxes helps fund public education, infrastructure, emergency services, and other essential government operations. North Carolina receives much of its revenue from taxpayer dollars, in addition to state lotteries and license fees. Additionally, most businesses are taxed in North Carolina.
North Carolina utilizes a “flat tax” system when it comes to income tax. For this reason, all residents are taxed at the same rate, regardless of annual income. Other states in the country have a “progressive” tax system that changes your tax rate based on how much money you make.
The personal income tax rate in North Carolina is easy to comprehend. In general, the state enforces a flat tax rate that is slightly below six percent. Partnerships are not taxable in North Carolina.
On the other hand, sales tax in North Carolina is collected through certain goods and services. Charlotte has maintained a standard sales tax rate for decades, along with the rest of North Carolina. However, some goods and services have other taxes added to the standard sales tax rate.
North Carolina Tax Relief
Fortunately, North Carolina tax relief is available to residents who choose to seek help. You may find that you have a number of options available to you, depending on the nature of your tax issue.
If you are facing a tax lien, levy, or other pressing tax issue, contact Levy & Associates. We are also here to represent your small business during a tax audit. Additionally, our dedicated team assists residents of Charlotte with Offer in Compromise proposals and IRS installment agreements.
There is a tax solution to just about every problem, and Levy & Associates is prepared and ready to handle your case. Don’t be intimidated by the IRS or state government in North Carolina—call us, and we’ll help you evaluate your options.
We provide a free initial consultation for our clients, which means that there is absolutely no commitment required during that first meeting. The objective is to meet with you and discuss your unique circumstances.
North Carolina Audit Defense
Audits are becoming increasingly rare, but countless small business owners still receive a notice each year.
Levy & Associates believes in providing a strong defense for taxpayers during this complicated process. In most audits, you are not at fault for anything—the IRS simply needs to follow up to clarify details of your tax return.
While some tax audits get resolved quickly, full-scale audits may consume months or even years of your time. Understandably, people facing an audit often find it easier to leave the matter in the hands of a professional.
Levy & Associates has represented clients in audits for decades. We have a proven record of success when it comes to helping clients navigate and resolve audits. Perhaps most importantly, our team is dedicated to managing communication with the IRS—which enables you to return to your normal routine while we work to resolve the issue.
North Carolina Lien and Levy Help
Did you receive a notice of a North Carolina tax lien? What about a notice for a tax levy? Both situations are examples of actions taken by the Internal Revenue Service (IRS) when taxpayers fail to pay back taxes.
A tax lien places a hold on your assets. It prevents you from selling a car or home until the debt is resolved. To make matters worse, the IRS may attempt to freeze your bank accounts or garnish wages. However, the government may not seize any of your property until you receive a notice of a tax levy.
When this occurs, taxpayers have a short amount of time to appeal the decision before it is too late. Therefore, if you have received a tax lien or levy notice, contact us immediately! Levy & Associates will work to help you regain control of your assets.
North Carolina Tax Settlement
North Carolina tax settlement services are available to personal income tax filers as well as small business owners. We work with clients from many different backgrounds and financial situations.
The tax settlement options available to you will vary depending on your financial situation and amount of tax debt. We can explore different courses of action; however, the final choice is up to you. Contact us today and schedule an initial consultation to discuss the details of your case.
Charlotte Tax Resolution Services
The best way to seek tax relief is to first understand the repayment solutions available to you. Levy & Associates will examine repayment options, such as:
- Setting up an installment plan with the IRS. This is where you make monthly payments to satisfy your debt.
- Working on your behalf to present an Offer in Compromise to the IRS. With this proposal, you state you will pay a specific amount of your debt but request the IRS to forgive the unpaid portion. You will have to show proof of why you cannot fully pay off the balance owed. We can help you with documentation supporting this request.
In many instances, we will be happy to represent you when communicating with the IRS about repayment solutions.
Learn More About IRS Help in Charlotte
If you encounter a tax issue, whether it be an audit, unpaid back taxes, or a lien, it is vital that you address the situation right away. Our team is standing by to answer any questions you have. We invite you to set up a free consultation, during which we’ll examine your situation and present possible options to you. This is a great way to learn more about what we can do to help you to resolve your tax problems. Contact us today to get started.