What is IRS Tax Account Monitoring?
- † Audit Alarm Tax Account Monitoring (TAM) is the continual systematic in-depth monitoring of your IRS Tax Account, including a history of all transactions and activity.
- † Audit Alarm Tax Account Monitoring (TAM) will provide advanced notice of Audit, Collection Activity, and other changes or adjustments to your IRS Tax Account.
- † Audit Alarm Tax Account Monitoring (TAM) can also be effective in detecting Tax Identity Theft (by † Alerting you about tax filing activity) and Payroll Tax Fraud (by † Alerting you to payments made and more importantly- missed).
Audit Alarm † Alerts or Tax Account Monitoring (TAM) will provide you insight into activity as they happen on your IRS Tax account. Our system will detect IRS exams and CP2000s up to 6 months in advance 95% of the time. Through our direct link to your IRS Tax Account, we receive † Alerts of most notices well in advance of you receiving the notice in the mail.
Our CP2000 detector compares your reported wage and income data with the return data to determine if you underreported weeks after filing, not a year later (savings 90% of the penalties and interest that normally accrues).
It's Like Having a Crystal Ball to Forsee IRS Audit Notices
Imagine getting a six-month head start on your IRS Audit response preparation.
Enrolling in our Audit Alarm † Alerts or Tax Account Monitoring service can give you a heads up on an upcoming Audit which may give you a better chance at achieving a successful outcome.
Most common IRS Audit Notices include:
- Automated Underreporting Notice
- Correspondence Audit
- Office Audit
- Field Audit
- Tax Compliance Measurement Program (TCMP) Audit
Advance Notice of IRS Collections
IRS offers limited time to response to an IRS Collection Notice - timing is everything. Audit Alarm † Alerts may notify weeks earlier than the actual Notice Date, which may give you sufficient time to take preventative action.
Common Collection Actions take by the IRS:
- Notice of Federal Lien
- Notice of Intent to Levy (Financial Accounts)
- Notice of Intent to Garnish Wages
- Notice of Intent to Seize Assets
If you've had a IRS tax problem in the past, it is even more important to consider enrolling in Audit Alarm Tax Account Monitoring
Access to IRS Transcripts:
All our Audit Alarm Tax Account Monitoring (TAM) program members still have complete access to their businss IRS accounts. We are standing by, ready to assist when needed!
Quarterly Tax Account Reports:
Audit Alarm will send you a comprehensive quarterly tax account reports. Your quarter tax account reports will show you where your tax account stands, including a complete history of your tax filings, earnings, and much more!
Tax Audit Protection and Tax Problem Resolution Protection
Your tax audit and problem resolution membership with Audit Alarm provides expert representation for each tax return year for which you have a membership. We will handle all audit and tax problem resolution communications with the IRS or state tax authority on your behalf, From the first notice to the final resolution of your tax matter. With Audit Alarm, you should never have to meet the IRS or state taxing authority!
Avoid Unexpected Expenses
You can avoid the unknown expense of hiring a tax expert by having Audit Alarm's Audit and Problem Resolution Defense each year through Audit Alarm as part of your monthly membership. If there's an issue, it's handled for you.
Avoid Hiring Specialty Representation
Having Audit and Tax Problem Defense is the solution for tax issues that require professional expertise. As part of your monthly membership with Audit Alarm, you can have knowledgeable tax and audit experts available to defend your tax return in the case of an audit or tax problem.
The audit and tax problem protection portion of the Audit Alarm Membership is priced on a per return basis and the current year is included in the Audit Alarm Membership.
Can I purchase additional Audit and Tax Notice Defense for prior years?
Yes. You can purchase Audit Defense and Tax Notice Protection for all prior years that may be subject to audit.
Note: Membership must be purchased prior to your return being selected for audit or receiving a notice
Helpful Tax Information and Tax Deadline Calendar:
All TAM members have access to the Legacy Tax & Resolution Services newsletter, tax blog, helpful tax tips, and information regularly published by LTRS professionals. Additionally, LTRS will keep you apprised of key dates and deadlines to help keep you IRS compliance and take advantage of opportunities.
IRS Account Alerts:
Our Tax Assurance Team vigilantly monitors our members' business accounts. If something impact your business tax account, (filings, notices, collections or payment compliance), you will hear from our team right away! Audit Alarm/LTRS will reach out to you the same day any action or indication on your busness account becomes a cause for concern.
Participate in Exclusive Offers and Discounts codes:
All enrolled TAM members can participate in discounts and special offers designed to save you money. Sign up now makes you elliglible for our next great deal!
Exclusive Free Access to LegacyPortal, a groundbreaking Mobile App with 24/hr access:
The LegacyPortal App will help you manage all aspects of your tax case anytime, anywhere. Use LegacyPortal for real-time updates from your team of tax professionals. Easily communicate with your accounting, payroll, tax preparation, tax resolution team. The LegacyPortal App will allow you to receive and submit documents on the go. This systems is also how we send alerts and client requests that require your action and attention. All this can convenience be done from your mobile device, tablet, or PC!
Estimated Tax Payment Alerts and Reminders:
If you are a flow through entity, you are your may be required to making estimated tax payments. Many busy business owners do not have the time to keep track of these requirement when their focused on growing their business and trying to spend time with friends and family. Audit Alarm will take the pressure off you by providing reminders when estimated payments are due ahead of time!
Direct Member Access to Tax Practitioners:
As an Enterprise member, you can direct access to one of our licensed tax professionals anytime and speak with them at your convenience by conveniently scheduling an phone conference.
Dedicated Team Manager:
When you have questions, we want to provide answers right away! Regardless of the services provided, accounting, payroll, tax preparation, entity structuring/planning, tax planning or tax resolution, you case will be assigned to a dedicated team manager, and you will be provided their direct contact information. Regardless of your needs, you can breathe easier knowing that your dedicated services advocate cares about you and your company's success and is committed to seeing that you have a top-notch customer experience. .
VIP Servicing:
Our Enterprise Level members are treated like VIPs and go to the front of the line when it come to appointments, tax preparation, or any other servicing. Your VIP status as an Executive member gets you priority from our services team.
Discount of 20% on Annual Personal Income Tax Return Preparation:
Once our Enterprise members have completed six months of paid membership, they receive a 20% discount on tax preparation for their current business income tax return. If they need a return sooner? No problem; they can prepay the six-months of membership at any time! For tax return prepared on behalf of our members, including audit protection ($5,000 value).
FREE Automatic Business Income Tax Return Extension:
All Enterprise Access members will receive a complimentary current-year business tax return extension filing on or before the Tax Due Date.
FREE Audit Representation
If the IRS chooses to exam one of your previously filed business tax returns, LTRS will assign an audit representation specialist to review Notice of IRS Examination and your IRS transcripts and schedule a formal consultation to discuss options and likely outcome.
FREE Tax-Related ID Theft Repair and Restoration:
Unfortunately, tax related identity theft is a severe problem affecting folks worldwide. Many US taxpayers do not realize that tax related identity theft can significantly impact their standing with the IRS. Individuals who experience tax related identity theft often find out the hard way someone has filed a fraudulent income tax returns. The fraudulent returns often report income the taxpayer never received and claiming deductions and credits the taxpayer is not entitled to. These criminals file these return to obtain fraudulent tax refunds. The end result of these returns can often result in an audit or unfair tax bills. Unwinding these fraudulent returns frustrating and extremely complicated. By working directly with the IRS's Identity Protection Specialized Unit, our tax practitioners have resolved many of these cases. If you are the victim of tax related ID Theft, we will work with you efficiently and effectively to streamlined the process to get results. Through Audit Alarm we will return returns as they are filed, giving you time to report the fraudently return before it has cause a complete nightmare. As a member if you are a victim of tax-related ID theft, you will receive 100% support until the issue is remedied.
Digital Storage for all of your Tax Forms:
As the IRS recommends, keeping your tax records for seven years can be burdensome! Let LTRS carry that burden for you with our fully accessible LegacyPortal. This is standard with the Executive membership, and LegacyPortal app allows you to upload and store your documents with a snap.
FREE Garnishment Investigation and Resolution by a Certified Tax Resolution Specialist:
If the worst happens, and your income or bank accounts get levied, we will act fast and have a Certified Tax Resolution Specialist call the IRS immediately to get the full scoop on what has happened and why. We will bring you answers and an action plan to resolve your garnishment.
Payroll Tax Fraud Protection
Payroll tax fraud has been rising in the last five years, and many business owners have been devastated by its effects. Having an embezzler steal payroll tax money is bad enough, but it forces you to come up with that amount again and pay it to the IRS.
And after becoming a victim of theft, you know what's really the cherry on top?
It is paying the government a Trust Fund Recovery Assessment (known as the 100-percent penalty under tax code Section 6672). This means the IRS assesses you personally for the Trust Fund Recovery Penalty.
To avoid nightmare problems like these? We will inform you when a payroll tax deposit has been made and, more importantly, when it has not been made. This will help you prevent payroll tax fraud.
Customized All-Inclusive Accounting Plan including Bookkeeping, payroll, contract labor filings, excise tax filings, state employment, state unemployment, and state and local sales tax filings:
Before you commit to anything, you will receive a complimentary accounting consultation with one of LTRS's most Sr. Practitioners. Our team will listen and understand your needs as a business owner and design a custom plan to handle all your accounting and bookkeeping needs for one low monthly fee. Leave your books to us, and use the time to expand and grow your business with the support of a seasoned professional team by your side.
Discount of 20% on Annual Business Income Tax Return(s) or Information Report:
After six months of paid membership, our Executive Access members will receive a 20% discount on the current year's tax preparation for their business tax return or information report as our way of thanking you for being a loyal member. Any tax return prepared on behalf of our members will receive an IRS Audit Defense Guarantee ($5,000 value), which includes representation by in-house tax practitioners. Need a return sooner? No problem; you can prepay for your membership at any time!
Designated Accounting Team:
When you have questions, we have answers! Your case will be assigned to a dedicated Accounting Team, and you will receive their direct contact information.
FREE Automatic Business Income Tax Return Extension:
All Enterprise Access members will receive a complementary business tax return extension filing by the deadline for the current tax year business tax return.
Direct Member Access to CPAs:
As an Enterprise member, you can schedule an appointment with a licensed tax practitioner to speak with them at your convenience.
Annual Tax Advantage Strategy, individualized tax planning strategy from a highly skilled CPA:
Each year, one of our CPAs will schedule a time to speak with you regarding your business because as your company grows, our tax and accounting strategies should grow too.
Full-Service Tax Resolution Firm to Back You Up
One of the benefits of working with Audit Alarm
Audit Alarm is a product of Legacy Tax & Resolution Services, a premier national tax resolution firm. As part of the Audit Alarm † Alerts, we will inform you of four things;
- The IRS Master File Code Definition
- What Does This Mean in Plain English
- What Should You Do About It
- How Legacy Tax & Resolution Services will be there to solve the problem
Many other tax account monitoring services can tell you about the problem but are not full-service tax resolution firms, so they cannot help you solve the problem(s).
By obtaining an additional Power of Attorney (Form 2848), we can provide immediate intervention in instances of Emergency Enforced Collections or Audit Representation.
In many cases, we can place up to a 30-Day Hold on Pending Collection Actions while investigating the best solution.
Below are the most common Enforced Collection Actions:
- Notice of Federal Tax Lien, 668Y
- Notice of Intent to Levy, CP504
- Notice of Levy, 668A
- Notice of Levy on Wages, Salary or Other Income, 668W
- Notice of Intent to Seize Assets
While this is not an exhaustive list of Enforced Collection Actions for which immediate intervention may be required. Audit Alarm † Alerts will contact you immediately upon notification of collection action or audit notification and suggested correction action.
Click Here for Important Program Disclosures & Limits of Service
Here is What is Not Included with Audit Alarm
Audit Alarm † Alerts Tax Account Monitoring Program does NOT include any of the following:
- Preventing adverse Collection Actions taken by the IRS. We can provide advance warning but cannot prevent it.
- Preventing or protection you against Tax Identity Theft. We can provide advance warning but cannot prevent it.
Click Here for Important Program Disclosures & Limits of Service
We Also Offer Protection for You Dependents and Parents, Were You Would Monitor Their Account
DependentWatch
Children are increasingly victims of identity theft. According to a study by Carnegie Mellon University’s CyLab, children are 51 times more likely to be a victim of identity theft than adults. Additionally, the toll on these families is estimated to be about $540 million in out-of-pocket expenses
With DependentWatch, Audit Alarm makes it easy to ensure your dependent deduction(s) and credit(s) are protected.
With an adult membership, you can select DependentWatch as an additional service.
SeniorWatch
Senior citizens are particularly susceptible to Tax-Related Identity Theft for the following reasons;
- Certain senior citizens tend not to be required to file a tax return; therefore, tax identity may not be detected for years.
- Again because many seniors are not required to file, they are not likely to check their tax account.
- Seniors are hesitant to report tax-related identity theft because they are concerned a relative may have something to do with it.
- A senior may fear that they will make their families feel they can no longer be trusted to live independently.
The Process is Simple
SIGN UP
It only takes a few minutes to enroll and download our portal
Step-by-Step Enrollment Instructions
- Complete Enrollment Form
- Submit Form 8821 to authorize IRS Tax Account Monitoring
- Choose your Plan
- Download our Secure Client Portal
WE MONITOR & ALERT
Once completely enrolled, if we detect a potential threat on your IRS tax account, we will alert you by text, email, or mobile app and indicate three things;
- The nature of the threat
- What you should do about it
- How Legacy Tax & Resolution Services will help
WE REPRESENT YOU BEFORE THE IRS OR STATE
If you become a victim of tax ID theft, payroll tax fraud or need tax resolution services, we are here to represent you.
Start Your Enrollment
Step #1 – Complete the Enrollment Form
The following information is required to complete the enrollment form:
- Full Name, including suffix
- Full Address
- Social Security Number or EIN Number for the Enterprise Business Program
- Date of Birth
- Best Phone Number to contact you
Be sure you provide all the information exactly as it appeared on your most recently filed Federal Tax Return. Your name and SSN should match the information listed with the Social Security Administration.
Step #2 – Sign the Form 8821 to Authorize Monitoring of Your IRS Tax Account
Step #3 - Choose your Plan
Below are the available plans
Select Assurance Program – $24.99/month
- Tax account monitoring
- Access to IRS transcripts
- Quarterly tax reports
- Tax Audit and Tax Resolution Protection
- Helpful tax information and tax deadline calendar
- IRS account † Alerts
- Exclusive offers and discounts codes
- Exclusive free access to LegacyPortal, a groundbreaking mobile app with 24/hr access
Executive Assurance Program – $39.99/month
All FREE Assurance Access Services
- Estimated tax payment † Alerts and reminders
- Direct member access to tax practitioners
- Dedicated case advocate
- Priority servicing
- Discounts on personal income tax return preparation
- FREE automatic personal income tax return extension
- FREE audit representation
- FREE tax-related ID theft repair and restoration
- Digital storage for all of your tax forms
- FREE garnishment investigation and resolution by a Certified Tax Resolution Specialist
Enterprise Access Program – Rates as low as $109.99/month/Separately Filed Business Return
All Assurance and Executive Access Services
- Payroll Tax Fraud Detection
- Discounts on all-inclusive accounting plans, including bookkeeping, payroll, contract labor filings, excise tax filings, state employment, state unemployment, and state and local sales tax filings
- Discounts on annual business income tax return preparation
- A designated accounting team with accounting services engagement
- FREE automatic business income tax return extension
- Direct member access to CPAs
- Annual tax advantage strategy, individualized tax planning strategy from a highly skilled CPA
DependentWatch – $9.99/month/dependent
· Dependent Tax account monitoring
· Access to IRS transcripts
SeniorWatch – $15.99/month/dependent
· Dependent Tax account monitoring
· Access to IRS transcripts
Step #4 – Download the Mobile App
Once you have activated your subscription for your selected Tax Account Monitoring Service Plan, we will submit an Electronic Authorization to your IRS Online Account. We will email you when the request has been submitted. Follow the instructions in the email to login into your IRS Online Account and Approve the request.
Once you have completed Steps 1-3, please allow up to 2 business days to receive an email invitation for access to the Secure Client Portal. If you have not received an invitation to the Secure Client Portal after two business days of your enrollment, please click below to Request Access. We will upload your personal IRS Tax Account Transcript Report to your Secure Client Portal for your review.
Please submit portal access requests to [email protected]
See
Audit Alarm Service Terms & Conditions
Audit Alarm Cancellation, Return, and Refund Policy
Audit Alarm Legal Information and Resources
Find Out More
Audit Alarm Disclosures and Limit of Service
Tax Audit Protection | Tax Problem Protection
Tax-Related Identity Theft Prevention | Tax Scam Avoidance
Payroll Tax Fraud – How to Minimize the Threat for Business Owners
Audit Alarm Services Comparison to the Competition
What is Personally Identifiable Information (PII)
When Should You File an Identity Theft Affidavit
How Do I Obtain an IRS Identity Protection Pin
Identity Theft Reports by State and Metropolitan Area
Early Warning Signs of Tax Identity Theft and What You Should Do to Protect Yourself
7 Tips to Reduce the Risk of Tax Identity Theft
Identity Protection and Credit Monitoring
Identity Protection and Credit Monitoring- Plans and Pricing
Identity Protection and Credit Monitoring- Plan Features Explained