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FAQ

Commonly asked questions and answers.

What is a tax lien?

A lien is a legal document that, when filed, allows the right to keep possession of property belonging to another person until a debt owed by that person is discharged. A tax lien is filed when an individual or business entity owes the Federal Government or State Tax Authority money due for unpaid taxes. The Internal Revenue Service will issue form 668-Y, Notice of Lien Filing - State Liens will vary from State-to-State. Liens are public record and filed in the respective county in which the individual or business entity resides and processed by the county recorder. Liens will attach to assets owned by the individual and/or business that is associated with the Taxpayer's Identification Number i.e. Social Security Number and/or Employer Identification Number. Liens can seriously impact your credit score and disqualify you from obtaining loans, credit, and is some cases as job. The tax lien will remain in place until the outstanding liability is paid in full, or the lien released.

How can Capstone help me?

Capstone Tax Consulting, Inc. is a full service tax consulting provider, offering solutions including individual and corporate tax return planning, IRS audit and appeals representation, garnishment and levy removal, and IRS negotiations. If you are receiving certified mail from the IRS, have a wage garnishment, bank levy, un-filed tax return(s), an assigned revenue officer, or any other IRS or state tax issue, we can protect you from enforcement and craft and tailored resolution that is in your best interest.

Do I Qualify For Tax Relief Assistance?

If you have a tax debt you qualify for tax relief. This applies whether you are an individual or a business (or both if you are a sole-proprietor!). Tax Debt Relief comes in many forms whether it be protection from enforced collections to suspend notices and threats of asset seizure, an abatement or refund of penalties assessed, closure of your tax collection case or even a settlement for less than what you initially owed. Every case is unique, so it's important to consult with an expert to determine the best possible course of action to find the relief that suits you.

Can I Receive a Free Consultation to Determine The Best Relief Plan Available?

Absolutely, our office hours are Monday through Friday 7:00 AM - 5:00 PM Mountain Time and our on-line application is available 24 hours a day. You can call us at (800) 708-8295 or submit your information through our secure on-line form and we will contact you as soon as possible. We are happy to take the time to understand the details of your case before we determine the best course of action to resolve your particular matter.

What If I Haven't Filed My Tax Returns?

A tax debt can be created instantaneously and accumulate quickly when returns are not filed because the IRS submits the return for them on their behalf. This process is referred to as an SFR (Substitute for Return). This is the worst form of taxation as it allows for zero deductions on the taxpayer's behalf. Capstone can prepare your missing returns for you and in many cases we can reduce the liability that has accrued because of the SFR filing.

What Happens If I Hire Representation?

For the most part, Capstone is able to stop most forms of collections as soon as our client gives us authority in the case to negotiate. If our services are right for you, we will file Power of Attorney to negotiate on your behalf. This form is very important as it allows Capstone authority to act on your behalf and in your best interest. It means the IRS must contact us directly and not bother you with calls and threats. It means Capstone has the authority to implement a hold on collections and thereafter implement a strategy to resolve the matter and put an end to the collections case.

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