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The McConnaughy Difference:

26 years of tax resolution know-how

Insider's knowledge of IRS tactics

Master's Degree in Taxation

Knowledge constantly updated

Three guarantees that you'll be satisfied

Three important intangibles

Honest, responsible, skilled tax resolution services at a cost anyone can afford.


ACTUAL AGREEMENTS

Department of Treasure
Internal Revenue Service

Release of Levy

(David & Nancy)

<-----I can do this for you too!

Under the provisions of Internal Revenue Code section 6343, all wages, salary and other income now owed to or becoming payable to the taxpayer(s) names above are released from the levy.

Offer in Compromise

(James)

<---------Put your name right here!

We have accepted your offer in compromise signed and dated by you on (DATE). The date of acceptance is the date of this letter.

Pay When Able

(Martin)

<------------If you're retired on SS,
you probably won't ever pay!

We have noted your account that you're currently unable to pay your total balance or to make installment payments. You may make payments as you are able.

Installment Agreement

(Ian)

<----------------Well within his budget!

We've accepted your offer for an Installment Agreement. The agreement covers the tax period(s) shown above. Please make your first payment of $50.00.

Innocent Spouse

(Martin)

<---------------Innocent spouse, over
$25,000 taxes forgiven!

You are also entitled to equitable relief of liability under Section 6015(f) of the Internal Revenue Code of the tax that was not paid with the filed tax return(s).

Decreased Lien

(Robert)

<--------Saved him over $200,000!

...updated the amount of the Notice of Federal Tax Lien, from $215,881.92 to the decreased amount...of $11,491.93.
Tax Relief Services


Some documents and records need to be kept indefinitely but most can be discarded after a prescribed period. Here are some general rules of thumb as to how long you should keep them. Keep in mind that there may be individual circumstances in which legal considerations, for instance, dictate that documents be kept longer. The basic rule is: When in doubt, don't throw it out. If you have any questions, check with your financial advisor.

Some documents and records need to be kept indefinitely but most can be discarded after a prescribed period. Here are some general rules of thumb as to how long you should keep them. Keep in mind that there may be individual circumstances in which legal considerations, for instance, dictate that documents be kept longer. The basic rule is: When in doubt, don't throw it out. If you have any questions, check with your financial advisor.

Keep Indefinitely

  • Birth certificates
  • Adoption papers
  • Custody agreements
  • Death certificates
  • Deeds to property
  • Divorce papers
  • List of assets (keep current)
  • List of previous employers
  • Loans that have been paid off (canceled notes or other evidence)
  • Marriage certificates
  • Passports
  • Photographic or video record of house and household contents
  • Record of any governmental employment (e.g., armed forces)
  • Income tax returns (supporting documentation may be discarded after six years)
  • Tax forms and supporting records relating to non-deductible IRA contributions
  • Tax forms and supporting records relating to sale of a home

Keep for a Prescribed Period

  • Bank statements-six years
  • Brokers' confirmation slips for purchases-until security is sold
  • Canceled checks-six years
  • Contracts-seven years after expiration
  • Credit card statements-six years
  • Receipts for home improvements that can be added to tax basis of home-six years after home is sold in a transaction that is not a "rollover" transaction
  • Insurance papers (all types of insurance)-four years after expiration
  • Mortgage records-three years after paid off
  • Owners' manuals for appliances-until item is discarded
  • Receipts for major warranted purchases-until item is discarded or sold
  • Records supporting income tax returns and deductions (W-2s, 1099s, receipts)-six years
  • Warranties and extended service agreements-until expiration

Throw Out Now

  • Owners' manuals and warranties for appliances and cars you no longer own
  • Receipts for credit card purchases if not major or related to a tax deduction



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