Put a tax professional between you and the IRS.

MBA Financial assists individuals, families, self-employed taxpayers, and business owners with federal and applicable state tax returns. Services may include individual Form 1040 returns, Schedule C businesses, S corporations, partnerships, related owner and shareholder returns, prior-year returns, and amended returns. We first confirm the tax years, entities, states, and available records before defining the work and professional fees.

Common documents include prior-year returns, W-2s, 1099s, K-1s, business income and expense records, bank and credit-card statements, estimated-tax payments, mortgage and property-tax information, charitable contribution records, retirement and investment statements, health-insurance forms, and IRS or state notices. Do not delay contacting us just because your records are incomplete.

Tax preparation reports financial activity that has already occurred and calculates the return under applicable tax law. Tax planning looks forward and may evaluate withholding, estimated payments, business structure, timing of income and expenses, deductions, credits, retirement contributions, and major personal or business decisions.

Tax planning should be a year-round process, especially before major events such as starting, buying, or selling a business; changing jobs; receiving a large bonus; purchasing or selling property; retiring; taking retirement distributions; selling investments; changing marital status; or experiencing a significant income change.

Yes. MBA Financial can help organize available records, identify missing information, prepare or review financial summaries, and determine what bookkeeping work may be required before a return can be accurately completed. For self-employed taxpayers and business owners, we may also assist with quarterly estimates, withholding reviews, recordkeeping procedures, and separating business from personal activity.

Yes. MBA Financial can review prior returns and supporting records for apparent omissions, inconsistencies, carryforwards, or items requiring clarification. If an amended return or corrective filing appears appropriate, we will explain the reason, expected process, required documents, professional fees, and potential risks before proceeding.

Do not ignore the notice or assume the problem will disappear. Tax notices may contain important collection, response, or appeal deadlines. MBA Financial can review the notice, identify the tax years involved, determine what the agency says you owe, and explain available next steps.

Once properly authorized and engaged, an eligible representative may obtain available account information, communicate with tax authorities, help prepare required financial documents, and represent you in pursuing an appropriate resolution. Representation begins only after the required engagement and authorization documents are completed.

The IRS may use collection tools such as wage levies, bank levies, federal tax liens, and, in limited circumstances, seizure actions when a tax debt remains unresolved and required procedures have been followed. If you received a Final Notice, levy warning, garnishment notice, or lien notice, contact MBA Financial immediately.

Possibly, but not every taxpayer qualifies. An Offer in Compromise may allow an eligible taxpayer to resolve a liability for less than the full balance. The IRS generally evaluates household income, allowable living expenses, assets, equity, and future ability to pay. Other options may be safer or more appropriate, so the first step is a complete investigation.

You may still have options. Required past-due returns generally must be prepared and filed before a lasting collection resolution can be established. Depending on the circumstances, possible options may include an installment agreement, partial-payment arrangement, Offer in Compromise, penalty-relief request, temporary hardship status, or other administrative remedies.

The correct resolution cannot be determined solely by the amount owed. A proper analysis may require reviewing account transcripts, tax-return history, collection deadlines, filing compliance, household income, allowable living expenses, assets, equity, current payment arrangements, and future ability to pay. MBA Financial begins with investigation before resolution.

MBA Financial does not automatically place every client into the same program. We begin by examining the complete financial picture and comparing strategies that may be appropriate, including budgeting, accelerated repayment, the debt snowball, the debt avalanche, consolidation, balance transfers, creditor arrangements, mortgage-acceleration strategies, or other practical alternatives.

MBA Financial can review a household's complete debt picture, including credit cards, retail accounts, personal loans, lines of credit, medical bills, collection accounts, vehicle loans, mortgages, home-equity obligations, IRS and state tax debt, business debts, family loans, and other recurring obligations.

MBA Financial begins with the three financial circles of your life: income from all available sources, necessary and discretionary monthly expenses, and every debt balance, payment, and interest rate. This analysis helps identify where money is going, which debts consume the most cash flow, which obligations are urgent, and where funds may be redirected.

The debt snowball generally pays smaller balances first, which may create quicker victories and build motivation. The debt avalanche generally targets the highest interest rates first and may reduce total interest expense. Neither method is automatically best for everyone, so MBA Financial evaluates balances, rates, minimum payments, available cash flow, past-due accounts, secured debts, tax obligations, and personal priorities.

The answer depends on the strategy selected. Budgeting and accelerated repayment are different from deliberately missing payments, entering a settlement program, or filing bankruptcy. Certain strategies may affect credit scores, available credit, creditor activity, taxes, interest charges, and future borrowing ability. MBA Financial explains the potential costs, risks, benefits, and credit consequences before a strategy is selected.

MBA Financial reviews household income, monthly living expenses, discretionary spending, debt balances, minimum payments, interest rates, past-due obligations, and financial goals. We then identify immediate priorities, compare potential repayment methods, and outline the information needed to create a personalized Debt Reduction Plan.