As a Licensed Attorney- and Enrolled Agent (EA), Jay Maswadi has more than 18 years of experience representing individuals and businesses in in tax matters and financial obligations through negotiated workouts with the IRS, state tax agencies and creditors, as well as in the Bankruptcy Courts & Tax Court.
Maswadi Law specializes in all phases of federal and state tax controversy work. Usually, a taxpayer receive a notice that their return is under audit. While this may be an extremely stressful event for the taxpayer, the IRS and state tax authorities give taxpayers many opportunities to dispute additional assessments.
The IRS will send a 30-Day letter with the proposed deficiency, which gives the taxpayer an opportunity to protest the deficiency. If the taxpayer timely files a protest, the case is sent to appeals to resolve the dispute. If the taxpayer fails to protest the proposed deficiency, the IRS will send a Notice of Deficiency 90-Day Letter, which allows the taxpayer to file a petition with the United States Tax Court.
It is very important to hire a licensed experienced tax attorney as soon as possible in an audit or correspondence examination due to the number of deadlines and opportunities to settle disputes early, which can reduce stress and cost on the taxpayer.
Jay Maswadi of the Maswadi Law is Tampa Bay Tax Attorney is able to diligently and quickly research the issues, help the taxpayer gather necessary documentation and evidence to defend or support their claim, and most of the time, greatly reduce the tax and penalty assessment.
MASWADI LAW WORKS DILIGENTLY TO FIND THE BEST COST-EFFECTIVE SOLUTION BASED ON THE AMOUNT OF TAX OWED AND THE TAXPAYER'S FINANCIAL ABILITY TO PAY. SOME OF THESE OPTIONS INCLUDE:
- Avoid Bank Account Levies, Wage Garnishments, Social Security Levies, etc.
- Avoid Tax Liens
- Avoid Seizures of Assets including but not limited to 401Ks and Real Property
- Abating Penalties (if possible based on individual circumstances of case)
- Negotiating Payment Plans (72 month, 84 Month, or Partial Pay Installment Agreements)
- Placing Taxpayer in Currently Non-Collectible Status
- Seeking an Offer In Compromise Doubt as to Collectability