The Nation’s Leading Experts In Tax Negotiation & Mediation
BLOG
SOLVE YOUR IRS/STATE TAX PROBLEMS. BEGIN TODAY.
The Statute Of Limitations For IRS To Chase Tax Payment
If you owe a tax debt, the IRS will work with you to help you settle it. Let's face it, they want their money. Some people, however, have gotten rid of their debt thanks to an IRS statute of limitations. There's only so much time during which the IRS can seek debt...
You May Become A Victim Of Identity Fraud And Encounter Tax Issues!
Nearly every time you turn on your television, you are likely to be subjected to commercials that encourage you to protect yourself against identity theft. And though you may be tired of seeing those commercials, the chances of identity theft happening to you are...
Negotiate Your Tax Debt With Professional Help
Debt, in and of itself, can be life altering. For many, it is constantly in the back of their mind and effects everything they do. Tax debt, in particular, can hang over a person's head for a long time. But there is hope on the horizon. Lawyers And Judges and Fees, Oh...
Preparing For An IRS Tax Audit
Being the focus of an IRS tax audit is becoming less and less common. Contributing to that are new, increased responsibilities and budget cuts on the department. This means that there aren't as many IRS agents around to do examinations as there were before....
Do Your Social Security Benefits Need To Be Taxed?
For those not entirely familiar with Social Security benefits, at age 62, one can start collecting. This does, of course, mean that the amount of your monthly benefit will be somewhat less than if you would wait until age 65 or 67 (full retirement age). But, the way...
Understanding Your Tax Debt Relief Options
When it comes to collecting debt, the IRS has a whole arsenal at its disposal to use against you – levy your assets, place a lien on your income, and various other means including piercing the shroud of corporate anonymity. But what options do you have at your...
Is It A Good Idea To File Taxes Jointly?
Once a couple is married, there is the opportunity to share everything together, be it your life, a home, food, a bank account, bills, and more. But is it really a good idea to share your tax returns as well? The truth is, it depends on your preference as well as...
Solutions To Consider If You Can’t Pay Your Taxes
Sometimes a tax debt can come as a surprise – possibly you overlooked your tax payments, or perhaps you may even be struggling with other financial burdens and could not provision for taxation. However, if you do not currently have enough cash in your bank account to...
Tax Scams That You Should Know
Taxpayers are often approached by opportunistic scam artists looking to take advantage of them, with promises of riches such as higher tax credits or underpaying their dues. While their supposed pot of gold on offer is very much suspect, one thing is for sure:...
Do You Have What It Takes To Settle Your Tax Debt?
Things have happened, and now you are facing a tax debt. You have to figure out how to pay it off but you currently do not have the means to do so. Furthermore, you have to deal with numerous administrative letters, confusing clauses, and outright threats from the IRS...
Why Is The IRS Auditing You?
If you received a letter from the IRS saying you are up for an audit, don’t be alarmed. While it is true that chances of someone being audited are extremely slim, there may have been some circumstance that lent your particular situation to be considered for an audit....
Advice For Parents When Your Child Is No Longer A Tax Exemption
As parents, it has been a dream to be eligible for tax refunds from having children under age 17. In 2018, parents were able to claim $2,000 in child tax credit for their children. The child tax law applies to children under 19, or full-time students under 24 years of...
Did You Make A Tax Filing Mistake?
After checking and re-checking your tax return, chances are that your forms have been filled out accurately – but occasionally there is still the off chance that there may be a mistake in the forms, and you only spotted it after submission. There is no need to panic,...
How To Avoid Falling Behind Your Tax
We all know it’s a laborious job sitting down and completing forms, even if they are important tax forms., but they have to be done. Procrastination is the number one reason why so many people file their tax returns at the last minute. The date always seems so far...
Understanding An IRS Administrative Appeal
The IRS and the IRS Appeals Department are separate bodies. If you dispute the results of an IRS audit you can instigate an IRSA administrative appeal against their decision in the Tax Court, or even settle the matter out of the court. The types of administrative...
How To Tackle An IRS Notice CP14
If you do not know what an IRS Notice CP14 is, then you must be doing everything right! However, filing your tax return on time isn’t always the end of contact with the IRS. Your tax returns will be assessed and if the IRS considers there are any mistakes on there and...
Knowing How To Calculate Your Income Tax
With the gig economy, more and more of us are holding second jobs, or side gigs that generate a fair bit of income. The extra cash is nice to have, but all this can be quite a nightmare come tax season. The US also employs a progressive tax system, which means that...
Tax Tips For New Entrepreneurs
As the internet continues to expand, it opens up new worlds of self-employment for everyone. However, if you think you can get away with not paying your taxes, think again. The IRS always catch up with non-payers, so isn’t it best to start as you mean to go on, with...
How Do Wise Tax Payers Save Money On Taxes?
Said a wise man once, “In life, there is nothing certain but death and taxes.” While death occurs only once, taxes are a recurring chore that we have to deal with almost our entire adult lives. That shiny paycheck may not look as appealing after taxes are deducted,...
Advantages Of Working With A Tax Resolution Help Provider
Many people think that tax resolution help providers are “last resorts”, only for those who have extremely complicated tax solutions and/or unpaid taxes that they have problems with. The truth is, a tax resolution help provider can also offer benefits to the average...
Small Railway Faces Million Dollar Lien
For many years, The Saratoga-North Creek Railway has offered scenic and historic railway tours. The railway has operated scenic trips through the Adirondack region in New York State for years. The region has some of the best and most historic attractions in the United...
Tax Change 2018: What You Need To Know
Even though the crunch of tax season is over and the worry and stress about dealing with the Internal Revenue Service have subsided, that doesn’t mean that it's time to kick back with bonbons in hand. The recently passed(in terms of tax law changes) Tax Cuts and Job...
IRS Ends Offshore Disclosure Initiative
The Internal Revenue Service’s Offshore Voluntary Disclosure Program or OVPD, which allowed United States taxpayers to voluntarily disclose previously undisclosed foreign accounts, assets, or income is coming to an end. The initiative waived the possibility of...
Is the SALT deduction repeal another blow for blue-state wealth?
Tax reform involving elimination of tax rate deductions and alterations creates losers and winners. The reduction in the number of deductions in the housing sector has caused loss to the affluent population. The state and local property tax (SALT) portrays clear...
Understanding Tax Debt and How to Solve It
Tax Debt Problems While tax season is frustrating and stressful for everyone, it can be particularly panic-inducing for those in tax debt. Tax debt means that you owe taxes after the Internal Revenue Service’s filing deadline. This can create multiple problems between...
State Extension Filing Deadlines
Alabama The Alabama Department of Revenue automatically grants a six month extension. If you anticipate you will owe additional tax on your return, you should submit your payment with a payment voucher (Form 40V ) by the filing deadline. Check the box “Automatic...
Warning: Scamming Continues
Reports from the Internal Revenue Service (IRS) indicate that tax-related identity theft has significantly declined, but they continue to implement security measures to keep taxpayers safe. When it comes to tax scams, this type of theft made their list of scams,...
Why You Shouldn’t Do Your Own Taxes
In this day and age, it’s easy to think you can handle your own tax preparations using the latest software and searching online for help along the way, but that may not be the best option. If any of the below pertain to you then you should hire a professional: You...
Confused by the Tax Reform? We Can Help!
By now, many are aware that on Dec. 22, 2018, President Trump signed a tax reform bill into law. You saw the news, got the warnings from the Internal Revenue Service (IRS) and might’ve heard from friends or family who have been panicking about the changes. This...
You Could Benefit from EITC
The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you...