The IRS or Internal Revenue Service launched the Offer in Compromise program for the best interest of the government and the taxpayer. It supports voluntary agreement with potential tax payments and filing necessities. If you owe taxes that you won’t […]
Taxpayers who can’t afford to pay income taxes often request a payment plan or installment agreement to pay their taxes. An installment agreement is a payment option for those who cannot pay their entire tax bill by the due date. […]
Penalties are one of the biggest factors a financially distressed taxpayer faces on a tax bill. The Fresh Start Penalty Relief Initiative gives eligible taxpayers a six-month extension to fully pay 2011 taxes. Interest still applies on the 2011 taxes […]
When you owe back taxes and just need a little more time, setting up a payment plan with the IRS is sometimes your best option. A payment plan with the IRS is also known as an “installment agreement”. Installment agreements […]
So you’ve made all your workers independent contractors instead of employees to save payroll taxes you’ve been paying. It sounded like a great idea. You saved thousands of dollars on employment taxes You didn’t have to worry about filing payroll […]
Curious on just how far you can take it? Listed below are some of the more common red flags that may bring attention to your tax return: Failing to sign your return Failing to attached W-2 copies to your return […]
For most taxpayers who filed for an IRS extension, the deadline came and went this week. If you didn’t file your tax return in time, you may be feeling scared right now. Don’t get scared. Take action! I’ll help you […]
In 2010, more than 9 million taxpayers could not afford to pay what they owed to the IRS. Ray Martin, Special Contributor, CBS Moneywatch.com discusses IRS payment plans and income tax settlements. Even if you can’t pay your taxes, you […]
Can You Do It Settle Your Tax Problem Yourself? Most people try to resolve tax problems on their own or with the help of their tax preparer. They think that a tax attorney is too expensive, they can save money […]
A really funny thing happened to me today in a tax audit. I’m a CPA who does much of his work solving IRS problems most any day of the week. Our firm represents taxpayers with tax problems before the IRS […]
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