Blog

irs-telephone-scam

Alert: New IRS Impersonation Scam!

The Treasury Inspector General for Tax Administration (TIGTA) has received reports that callers impersonating the Internal Revenue Service (IRS) employees are requesting payments on iTunes Gift Cards, Green Dot Prepaid Cards, MoneyPak Prepaid Cards, Reloadit Prepaid Debit Cards, and other prepaid credit cards. Any calls requesting payments or funds from taxpayers on prepaid credit cards […]

0 comments
innocent-spouse-relief

Innocent Spouse Relief

Is filing jointly really such a good idea for married couples? Many couples put little or no thought into filing statuses, and yet the standard choice of filing jointly can lead to a bevy of problems. For example, when you file jointly, each spouse is 100% liable for tax owed – not just half, no, […]

0 comments
irs tax resolution

Expanded Outreach Effort Announced to Prevent More Losses to IRS Impersonators

Beware the phone fraud of Internal Revenue Service impersonators. It’s tax season, and with it comes scam phone calls targeting taxpayers in just about every state. The Treasury Inspector General for Tax Administration (TIGTA) is urging taxpayers to be aware of the criminals who impersonate IRS and Treasury employees. Thousands of victims have lost more […]

0 comments
A-Tax-Defense-Partners-Professionals-Can-Stop-IRS-Collection-Actions,-Can-Negotiate-Tax-Debt-Amounts-and-Can-Structure-Payment-Arrangements-that-the-Taxpayer-Can-Afford

IRS Collection Financial Standards

As of March 28, 2016, the IRS Collection Financial Standards have decreased. So what does does this mean for you? These standards refer to your ability to pay a delinquent tax liability, outside of your necessary expenses. Necessary living expenses for health, welfare, and production of income are based on a series of National and […]

0 comments

New Business? Know Your Tax Obligations.

“Just Do It Already,” a motto of sorts for entrepreneurs, right? Yes! Why not start a business and put your brilliant idea to work? Entrepreneurs have a natural knack for finding problems which need solving, needs which should not be ignored and an ability to build business where others failed to see a market even […]

0 comments

Hiring Employees for the First Time? What to Review.

Has your business grown significantly? Great! As a business owner, nothing can be more fulfilling than reaching a point where employees are needed to sustain the business operations and the business can afford to hire. In addition to the task of finding the right candidate, business owners must learn what new requirements apply to a […]

0 comments
irs-ghost

Don’t Plan On Filing? Prepare For The Ghost Return

If you do not file your tax return, the Internal Revenue Service will eventually do it for you. Seems kind and considerate, right? Not so fast. If you have years of unfiled tax returns, the I.R.S. will file a “Substitute For Return” (SFR) on your behalf – but in doing so, they use data from […]

0 comments
fader4

Understanding Your Individual Income Tax Returns

Are you swamped with tax forms? If you have a pile of tax forms from employers, banks, brokers, investors and more, then you are not alone. Fortunately, the IRS website provides a thorough break down of the different types of Federal individual income tax returns. The most common types of income tax returns include: Form […]

0 comments
tax-fraud

Fraud Allegations Against False Income Tax Returns Raise Concerns

According to Forbes, the Department of Justice recently asked a federal court to shut down a tax preparation company due to preparing false income tax returns. Unfortunately, this is not the first tax return preparer fraud has been investigated. Tax fraud is a federal crime and comes with serious consequences. This is why it is extremely […]

0 comments

Choosing A Tax Preparer – What To Look For

To find the ideal tax preparer for your situation, it is important to ask some critical questions. According to Forbes, there are five important questions ask: Does your tax preparer have a PTIN (Preparer Tax Identification Number)? To verify a PTIN, visit the Internal Revenue Service (IRS) online PTIN directory. What are your tax preparer’s credentials? Qualified […]

0 comments