Tax Toubles 101!
So, if you have a tax issue with the IRS, State or both you are not alone. In fact 1 in 10 people have a tax problem in the United States today. The most important thing I always tell my clients is to...
View ArticleIRS Offer in Compromise Options
Many people with IRS tax debts will qualify for some type of settlement, the offer in compromise may be a fit for you if you meet the guidelines. The IRS Offer in Compromise program provide qualified...
View ArticleIRS Wage Garnishment “What Do You Do”
1st – DON’T PANIC BUT TAKE ACTION IMMEDIATELY!!! 2nd – Read this blog and contact us or another reputable firm. Having an active IRS Wage Garnishment can be devastating financially and emotionally. Our...
View ArticleOctober 17th 2011 Tax Filing Deadline
So, did you miss the April 2011 tax filing deadline? Did you feel your taxes were too complicated or maybe you are going to owe the IRS money? Or, did you simply procrastinate and now the October...
View ArticleTax Preparer Policy Changes
As always, there are upcoming changes but this change is focusing on the Tax Preparers. Beginning next year, the IRS will impose an annual requirement of 15 hours of competency training as part of its...
View ArticleDon’t Fall Prey to Tax Scams – IRS Tax Tips
Annually, the IRS classify a list of common tax scams called the “dirty dozen.” The IRS attempts to educate taxpayers about the scams that can end up causing them great financial harm and future...
View ArticleA Responsible Taxpayer
Heads-up to everyone, processing tax returns is a very crucial step in avoiding the claws of IRS. As a responsible taxpayer, it is a must to understand the policies of IRS in implementing their tax...
View ArticleIn Focus – Enrolled Agents
In finding assistance for obtaining tax relief, one should know the competence of an agency, company or professional that will help him in the process. Tax representation companies have their own set...
View ArticleElectronic Tax Administration Advisory Committee Delivers Annual Report
In a meeting today The Electronic Tax Administration Advisory Committee (ETAAC) has made public its 2013 Annual Report to Congress. According to the IRS the report highlights 5 groups of...
View ArticleI’m Not a Player, I Just Don’t Pay My Taxes A Lot!
Rapper “Fat Joe” is facing two years in prison in addition to a hefty $100K fine for not paying federal taxes on unfiled income. He plead guilty in a federal court in Newark last Thursday. “Fat Joe”...
View ArticleIRS Releases a 3-Part Report to Fix Tax Exempt Applications
In Washington on June 24, 2013-Danny Werfel, Internal Revenue Service Principal Deputy Commissioner, releases a 3-part report describing the actions to fix issues that were discovered throughout the...
View ArticleIRS Issues Reminder To Victims of Boston Marathon Explosions
To those US tax payers that were affected by the Boston Marathon Explosions a reminder is issued from the IRS that you have until Monday, July 15, to file and pay your US income taxes. If you should...
View ArticleIRA Withdrawal; Taxed or Not Taxed?
Generally withdrawals from IRAs (individual retirement accounts) as well as other tax deffered retirement plans are in fact taxable by the federal government. You should also expect to pay state income...
View ArticlePayroll Companies Busted!
Most US employers subcontract payroll and associated tax responsibilities to intermediary payers such as payroll service suppliers. If the company that is being outsourced is trustworthy they can help...
View Article“First Lady” of Tax Fraud Gets Busted!!
Self proclaimed “First Lady” of tax fraud Rashia Wilson, 27 years old, of Tampa Florida taunted the IRS for years about openly stealing close to $3 Million when in fact its actually about $20 million....
View ArticleBeware of Fake IRS Websites
With tax and identification fraud on the rise, the IRS issues warnings to be cautious of fictitious IRS websites. Apparently there are quite a number of website wannabes that are solely in place to...
View ArticleSales Tax Holidays Coming Up
Many states will soon be having their sales tax holidays. During these particular days sales tax will not be imposed on purchases. Yes, that means what you see on the sales tag is what you will pay, no...
View ArticleReal Housewives of Tax Evasion
Seems as though celebrities can’t keep themselves away from the spotlight even if it means being indicted on 39 counts of fraud and tax evasion. This morning in New Jersey, ‘Real Housewives of New...
View ArticleIRS Opens Online Registration for FATCA
The IRS has officially opened the online registration for the Foreign Account Tax Compliance Act (FATCA). The system was designed for financial institutes that are required to register with the IRS to...
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