It is not uncommon for businesses to face tax problems and the main reason is the structure of the taxation system that mostly supports tax problems Canada, like any other country alike. Starting from the initial point of filing tax returns to the arrival of the tax collection officer, tax problems Canada can be defined as nothing else but stressful.

Also the quantity of people that today face tax owing that are larger than they can pay is also growing extremely and it has become a common occurrence in the count of common tax problems Canada. A lot of people face legal actions or at least fear for them and almost every day CRA threatens loads of people of taking actions against them. Although there is nothing like too late for anything and even in extreme cases something can surely be worked out between taxpayers that owe amount and CRA, however what is required is the service of an expert, knowledgeable and trustworthy tax professional.

One thing that goes without a doubt is that dealing with CRA collection officers and that too aggressive ones are not an easy task. Many people may think that solving their tax problems Canada through devising a tax payment plan that is according to their affordability will not be a very hard task and that might have been true too not very long ago, however today, the aggressiveness of the taxman along with the tax laws have made the scenario quite different.

The attitude of the tax department and the collection officers nowadays has been directed towards collecting their owed amount as soon as possible rather immediately if possible. Previously the CRA would agree to a six month long payment plan or even a year-long but today a lot of negotiating is required and that is why hiring professional tax consultants has become a prerequisite when dealing with tax problems Canada.

Professional tax consultants have many ways of assuring that CRA will attend to a payment plan that you can afford and through these ways they can deal with different cases successfully with the CRA easing the taxpayers and CRA simultaneously. The very first thing that is required to deal with the CRA is knowledge of tax system and what is allowed under what condition as without this knowledge, things can even turn against you and only increase your tax problems Canada.

Tax is undoubtedly one of the most difficult areas to consult within any business and while companies do have accountants who also keep track of all due taxes, however whenever it comes to dealing with the CRA, it always pays to hire a tax professional, who is not only aware of the rules prevailing currently regarding tax system, but also one that is in regular contact with CRA officials   Professional tax consultants are one essential ingredient that can improve the taste of your tax problems Canada into a sweet experience at the end.

Summary

Hiring a tax consultant is vital to solving of a majority of tax problems Canada which cannot in anyway be solved on personal basis, as dealing with CRA is becoming more and more of a challenge through every passing day.

CRA is the central authority in Canada responsible for the collection of taxes from eligible individuals and entities. Although every taxpayer is required to file and pay his tax by a specified date however in negligence of this duty, the CRA takes it upon itself and takes actions towards CRA tax collection.

The first step taken by CRA tax collection is initial assessment of the owed taxes for a taxpayer and asks the taxpayer to pay the specific amount. If the tax amount is not paid within a month?s time or within 30 days the taxpayer will be called by the CRA agent and asked for the outstanding tax amount to be paid. Again time will be given to the taxpayer to pay his or her tax owing in full or at last reach an arrangement with the CRA regarding tax payment; however in wake of failure of doing so a final notice is issued by CRA to the taxpayer before it initiates any CRA tax collection method.

The CRA will finally assign a 90 day period to the taxpayer to pay the amount or face legal collection actions against him or her. These legal actions can include

–  Income Garnishments ? this will allow CRA to take over a set amount from the taxpayer?s income to retrieve the tax amount. Remember the CRA does not need a court order to garnish the wages or income of a taxpayer who owes taxes to CRA. CRA will only notify the taxpayer?s employer and start garnishing the taxpayer?s account. This is often the initial CRA tax collection method applied on a tax defaulter.

–  Seizure of bank account ? Your bank account will be seized until the entire amount of the tax is paid.

–  Property or home tax liens ? Tax liens are basically claims made by CRA on the property or home of the taxpayer. The CRA can implement a tax lien over any individual who owes CRA any tax owing as a form of CRA tax collection.

Tax liens once placed will rob you off the property rights and all rights will be placed in the hand of CRA until an agreement is decided upon CRA and the taxpayer. The CRA advises and informs any individual about the tax lien once it is registered.

Tax lien method of CRA tax collection does not exactly rob off the title of the property from the taxpayer rather it only prevents the taxpayer from refinancing or selling the property until the due taxes are paid in full. Although CRA lien over a taxpayer?s home is a very serious CRA tax collection method however it takes months even years of prior notice to pay before it actually happens.

Anyone who finds themselves stuck in such a situation can immediately contact Tax SOS for instant help and solution of the problem. Tax SOS can help you in devising a payment plan in wake of warding off the specific CRA tax collection method and complete all required documentation and requirement to avoid any legal action to be taken. Also Tax SOS can help individuals in case a tax lien has been placed on the property of any taxpayer and design a perfect possible solution to this problem.

Summary

CRA being a tax collection authority has rights to collect all due taxes and if not paid by the taxpayer even after repeated notices and attempts of recovery by CRA, it has the right to impose CRA tax collection methods on the taxpayer which can range between garnishments to property liens and even legal prosecution. Acquiring tax experts help in such a case is the best way to escape CRA tax collection methods.

Owing to the tax system in Canada where individuals are required to file their personal tax returns, there are several tax problems that they face and in order to overcome these problems in the appropriate and hassle free manner, acquiring help from reputed, experienced and skilled tax professionals become inevitable. Everyone at some point face some kind of tax problem and since not everyone is fully aware of what to do in such a situation, people often end up either ignoring it at all which leads to accumulation of interests on unfiled taxes or risks prosecution charges.

Hiring the best tax experts ensure that any of your tax problem, is dealt with in the most appropriate way. Top Canadian Tax expert companies such Tax SOS offers help in a wide area of tax related services and problems starting from the initial tax filing to saving your back from the CRA in case of any tax problem.

For those who do not know much about taxing system, some CRA tax problem that arises may be new and absence of knowledge regarding the problem makes it even worse. Hiring help from tax experts ensure that all your efforts are put in the wrong direction and as they handle various tax problems on a daily basis they are more informed on what to do and which way will save you more from the CRA.

Some of the Canadian tax problems for which you can actively seek help from tax experts include

– CRA Tax Relief

– Tax Audit

– Unreported Income

– Problem of Tax arrears

– Overdue Taxes

– Unreported income

– VDP (Voluntary Disclosure Program)

– Back Tax

– Late Tax

– Tax Reassessment

– Payroll Tax Arrears

– Canadian Tax Relief

– Unfair Income Garnishment

– CRA Taxpayer relief

– Tax Pardon or Tax Amnesty

– Tax Collection Problems

– PST Audit

– HST/GST Audit

– Bank Levy or Bank Garnishment

– Business Disallowed Expense

– Large Tax Owing

– Property Lien or House Lien

– Income Garnishments or Wage Garnishments

– Notice by Collection Agent

– Etc

Besides being well aware of how to handle various tax problems and find the best solution, the constant exposure to tax problem of different types allow tax experts to seek out the best way that will benefit their customers. Although hiring help for your tax requirement is always a good idea as they ensure honest and clear filing of taxes riding you of several other problems, however you can also hire help for a particular CRA tax problem that arises.

An increase has been observed in the percentage of unfiled taxes in Canada and the main reason behind this fact is failure to file on time, unable to properly file taxes and other similar problems. Hiring tax experts initially guarantee that you will not be facing any CRA tax problem and if in case you do, help is always available at hand. And what can be best than hiring expert help at an affordable price.

Summary

Hiring professional help for your tax problem is always the best way as tackling any problem as having absolute and full knowledge of the CRA tax problem is always the best way to approach it and find the right solution for it.

One of the most common tax problem for Toronto taxpayers or other region taxpayers is the unfiled taxes. Remember that filing your taxes is important and must be done on a yearly basis to avoid tax problems with the CRA. They have the ability to freeze your HST and the child tax credits if they deem it necessary.  They can also freeze bank accounts and garnish your earnings all of which can make life difficult for you. Interest and penalties can also be assessed until such time as your taxes are settled in full.

Another common tax problem is the tax owing problem. If you owe taxes and can not afford to pay in relatively short period, it is possible to work out a payment plan with the help of your tax accountant. A payment plan can help save you interest charges and penalties and in some cases. Sometimes your tax penalties can be cancelled. Each situation is looked at on a case by case basis. If you have ever experienced any serious ailments, loss of employment or even natural disasters, there is a good chance theCRAmay look at alternatives to help you reduce your owing and potentially work out a payment plan.

Some tax problems that can arise can be in the form of fines, penalties and in extreme cases, imprisonment. Tax evasion is considered a serious criminal offence inCanada. Concealing income or falsifying data when filing your tax returns can bring about this type of penalty.

If your tax problems involve tax owing, it is possible to negotiate a reasonable tax payment plan. An specialized tax accountant can help you to negotiate a tax payment plan that can be agreed upon and mutually beneficial to both and theCRA.

Tax problems can be overwhelming.  With years of experience, professional tax accountants are there to help you navigate through the intricacies of Canadian tax law and help you reach the best possible solution to your tax problems.

CRA tax problems could take on a whole range of dimensions for taxpayers. They may take the form of

• Income that is not reported
• Demand to File
• Taxes which are overdue
• Back Tax
• CRA Tax Relief and Taxpayer Relief
• Notice of Objection
• CRA tax appeal
• Tax payment Plan
• Wage garnishment
• Voluntary Disclosure Program (VDP)
• CRA audit

How to properly deal with CRA tax problems  

Tax reporting in Canada is a stressful activity, particularly if the taxpayer has been served a letter from the CRA consisting of some kind of demand for financial disclosure or proof of evidence for something that has been claimed in the reports.

The logical approach to CRA tax problems is to meet them head on and on an informed basis, or the entire reporting episode may turn out to be one of your worst nightmares. It is not safe to ignore the communications that are sent by the CRA. It is better to make arrangements than keep quiet. Ignoring the notices from CRA would lead to a CRA collection issue which may stretch to your income being garnished through your employer.

It is advisable to seek the help of a qualified tax consultants or specialized tax accountant who could look after demand letters, frozen bank accounts, CRA wage garnishments and requests for financial disclosure or liens on your property. There are several service providers of this kind who specialize in the area of offering cost-effective tax related guidance to solve your tax problems.

Why use professional tax accountants to fix your CRA tax problems

A professional tax accountant would provide assistance in solving your tax problems which are related to income taxes, payroll taxes, Goods and Service taxes, Harmonized Sales Tax, etc. These tax accountants take on the responsibility of assisting individuals and businesses all over Canada and solving their CRA tax problems at the provincial and federal levels.

The professional tax accountant specializes in all accounting activities, audit planning and business consultation concerning all CRA tax problems. All insolvent taxpayers whose tax reporting is not up-to-date could approach the CRA through such accountants to accept a specified amount on the taxes outstanding.

Tax consultants have to be equipped as specialists in tax resolution and tax defense procedures to assist individuals and companies resolve their tax problems with the CRA. The related services generally include the entire imputing process which may consist of the Notice of Assessment, applicable requirements, request for waiver of interests, tax audit, cost of living and the net worth audit.

To help solve your CRA tax problems, the communication between your tax consultant is always required. Bankruptcy filing can be avoided and tax relief processes may be adopted. The assistance of tax consultant becomes essential as the tax defaulters are under the risks of legal enforcement actions.

To prevent CRA collection agents to take legal actions, get help from experienced tax professionals immediately before it is too late. Call Tax SOS for your free consultation at 1-877-982-9767.