The Real Cost of Tax Preparation
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...
View ArticleChoosing a Tax Problem Service Provider
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...
View ArticleWhat to Do if You Can’t Pay the IRS
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....
View ArticleMissed the Tax Deadline?
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!...
View ArticleIRS Red Flags
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...
View ArticleNew IRS Payroll Tax Relief for Employment Taxes
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...
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Getting an IRS Payment Plans for Back Taxes Owed – What You Need to Know
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”....
View ArticleNew IRS Penalty Relief Procedures – Fresh Start Program
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...
View ArticleNew Relief Provisions to IRS Installment Agreements (Payment Plans) – Fresh...
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...
View ArticleProspective ways to make an Offer in Compromise
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...
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