Larson Financial is Calling Me

If you have received a phone call from Larson Financial, it is likely as a response to a recent tax lien filing. Larson Financial specialize in helping taxpayers resolve tax issues with the IRS and state taxing authorities. Larson financial is calling you to evaluate whether our services and your tax situation are a good fit.

About Tax Liens

The IRS and state taxing authorities will protect a financial judgment against a person or business by putting a legal claim on property owned by the person or business. In the case of tax liabilities, the IRS calls such a claim a tax lien. Most states also call them tax liens, though some states call them tax warrants. In this capacity a lien and a warrant are the same thing.

Liens and warrants may be filed on tangible property, such as homes and vehicles, shares of stock, and accounts receivable.

A notice of federal tax lien may be filed after:

  • The IRS assess the liability;
  • The IRS sends you a Final Notice - Balance Due - a bill that tells you how much you owe in taxes; and
  • You neglect or refuse to fully pay the debt within 10 days after notified about it.

Once these requirements are met, a lien is created for the amount of your tax debt.  By filing notice of this lien, your creditors are publicly notified that of a claim against all your property, including property you acquire after the lien is filed.  This notice is used by courts to establish priority in certain situations, such as bankruptcy proceedings or sales of real estate.

Tax Liens:  The Tax Code

Internal Revenue Code Sec. 6321:  LIEN FOR TAXES

If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, additional amount, addition to tax, or assessable penalty, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belong to such person.

Internal Revenue Code section 6322:  PERIOD OF LIEN

Unless another date is specifically fixed by law, the lien imposed by section 6321 shall arise at the time the assessment is made and shall continue until the liability for the amount so assessed (or a judgment against the taxpayer arising out of such liability) is satisfied or becomes unenforceable by reason of lapse of time.

Larson Financial Tax Debt Resolution Services

Tax resolution can come in many forms and combinations.  It depends upon the type of taxes owed, amount owed, and ability to pay.  Depending upon your unique situation, there may be one or more options available for resolving your tax issue.

Fighting Aggressive Enforcement

  • Bank Levies: Seizing of funds from your bank accounts is very common, and Larson Financial is well versed in preventing, releasing and reversing these actions.
  • Wage Garnishments: This is the most common aggressive collection tactic for personal income tax debtors. Larson Financial can typically prevent these actions.
  • Receivables Levies: Taxing authorities often go after the money that your customers owe to you. If they succeed, it can be crippling to a business. Larson Financial takes aggressive actions to prevent or stop these activities.

Tax resolution services may include the following:

  • Installment Agreements: Most of our clients can't pay all of their debt all at once, or even in a few payments, even though they would like to if they could. Our Firm has years of experience in negotiating installment arrangements with Taxing Authorities that fit your budget. When negotiating these arrangements, we examine your financial situation to determine what we will offer to the government, thus achieving something that is truly affordable on a monthly basis.
  • Offer in Compromise: Depending on your asset and income situation, a settlement offer may be the best solution to solve your tax debt issues. Not everyone qualifies, so be careful of companies that promise the "pennies on the dollar" solution without first performing an extensive analysis of your financial picture. The OIC program does exist, however we only attempt this solution if your limited assets and income indicate that you are a valid OIC candidate. If you qualify, Larson Financial is very successful in getting these settlements approved. Our on-staff Tax Consultants can help you to determine if you are a valid candidate for this program.
  • Partial Pay Installment Agreement: This can be viewed as a hybrid between the Installment Arrangement and Offer in Compromise options. Many types of taxes have a statute of limitations where government Taxing Authorities have a limited time to collect the debt before they lose their ability to collect them at all. Larson Financial has been an industry leader in achieving arrangements with the government that allow our clients to pay what they can afford on a monthly basis until the statute of limitations runs out on their debt. This can result in large savings for many of our clients. Our Associates are experienced and well versed in achieving this result. Not every client qualifies, however, this option can be a great solution that can be discussed with any of our on-staff Tax Consultants.
  • Compliance: Many Larson Financial clients come on board without having made recent deposits or without submitting many missing tax forms. It can be very confusing trying to figure out what to file, when to do it, and where to send it. "Should I pay an old quarter of taxes before your current deposits are made? If I am going to file missing returns, should I start with the newest or oldest ones first?" These are common questions. Sometimes the information given to you by government Taxing Authorities and the Revenue Agents can be confusing, and even incorrect. Our Associates can hold your hand through what to do first, and how to do it. This is part of the hand-holding that we do for every client that comes on board. You don't have to have all of your tax forms submitted to the government in order for us to start providing benefits to you. We can guide and assist in making sure you tie up any loose ends while you are a client of Larson Financial.
  • Currently Not Collectible Status: Many of our clients do not presently have the funds for an installment arrangement, while their assets or income dictate that they are not a good candidate for an Offer in Compromise. For these clients, Larson Financial is very successful in achieving a "CNC" status, where the IRS will not aggressively pursue the client for a full year. Also known as a Status 53, this can provide a business or individual with the time they need to get their feet under them before they begin an installment arrangement with the IRS. Our Tax Consultants can help you determine if this is a viable option for you.
  • Corporate Shut Down: The closure of a company can sometimes be very beneficial, and save our clients substantial amounts of money. Depending on the type of tax, how much penalty has been assessed, and even the age of a tax, it may be the best solution to have Larson Financial assist in dissolving the entity altogether. This is a process that the Associates at Larson Financial are well versed in performing. This process requires knowledge of tax code, policy, and procedure. That's why Larson Financial can be a very valuable resource in ensuring that it is done right. Contact an Larson Financial Consultant as soon as you can to see if this option may benefit you and your tax situation.
  • Corporate Formation: There's nothing better than getting a fresh start! Starting a new corporation with a new identity, tax ID number, and even a new customer base may be just what you need. Our associates are capable of guiding and assisting in the formation of a new entity for you. Depending on the type of company you have, the type of corporate structure you choose may provide you with future tax benefits. We can help you decide what may be best structure for your new company, whether it be an S-Corporation, C-Corporation, LLC, PLLC, Partnership, P.C., Sole-Proprietorship, and even 501(c)(3) (non-profit) organizations.
Ron and Jack Larson

Established in 2005, Larson Financial, Inc. is the vision of brothers Jack and Ron Larson who sought a better solution for taxpayers facing IRS or state tax debts. After more than a decade in the tax resolution industry, both felt that there was something missing at many of the prominent organizations representing taxpayers. Rather than taking a cookie-cutter approach to debt resolution, Jack and Ron were inspired to create a firm that makes every customer feel secure and confident in their journey to a fresh start.

For the past seven years, Larson Financial has been successfully building a team of trusted and experienced professionals to provide honest answers and real solutions that work for their clients. As a family owned business, the team at Larson Financial understands that behind every client there is a real person that deserves the best service and representation available. The people at Larson Financial pride themselves in giving their clients the individual attention necessary to find the right solution for their tax needs and are committed to providing an atmosphere of honesty, integrity and superior service.

With thousands of successful resolutions, Larson Financial assists clients in all 50 states. Larson Financial is an A+ rated member of the BBB and a member of National Association of Enrolled Agents as well as the National Association of Tax Professionals.

We strive to save our clients money, time and stress.  Just as there are many different tax related problems, there are many options for tax resolution.  Call us at 888-902-0778 for a free consultation. In a few minutes we will help you to better assess what options are best for your unique situation.

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