Tax Relief Blog

Do you owe unpaid taxes to the IRS and can’t pay them? We can help! One in eight Americans is facing stressful tax problems at any one point in their lives. That is considered hard, and they can’t to address it on their own. Our firm understands the complexity of the unpaid tax issues and how to interact with the IRS on your behalf. Doing nothing to resolve your tax matters will not make the problem go away! If you owe back taxes, the IRS will soon be sending you a levy notice to indicate garnishment of wages, your pension check, your savings bank account, your property, and even your social security checks, yes the IRS can garnish and levy your social security check.

Now is the time to act. We deal with the IRS so you don’t have to.

Call Mike Habib, EA at 1-877-788-2937 to end your tax problem nightmare.

IRS tax problem resolution offered in areas such as: Los Angeles, Whittier, Pasadena, Glendale, Burbank, Orange County, Riverside, Palm Springs, San Bernardino, Palmdale, Bakersfield, New York, New Jersey, Chicago, Houston, Phoenix, Philadelphia, San Antonio, San Diego, Dallas, San Jose, Detroit, Jacksonville, Indianapolis, San Francisco, Columbus, Austin, Memphis, Fort Worth, Baltimore, Charlotte, El Paso, Boston, Seattle, Washington DC, Milwaukee, Denver, Louisville, Jefferson, Las Vegas, Reno, Hempstead, Tucson, Nashville, Davidson, Portland, Tucson, Albuquerque, Santa Fe, Anchorage, Atlanta, Long Beach, Fresno, Sacramento, Mesa, Kansas City, Cleveland, Virginia Beach, Omaha, Miami, Oakland, Tulsa, Honolulu, Minneapolis, Pittsburgh, Colorado Springs, Arlington, Wichita, Birmingham, Montgomery, Tampa, Orlando

IRS taxes are undoubtedly an imperative feature of the United States’ economic cycle. These days only a few people pay as much attention to the taxes as required. Some people fail to formulate a proper budget and spare enough dough to pay taxes, some others make mistakes while filing returns and finally there are those who do not even bother filing a tax return. If you fall in any of these three categories, you are in danger of severe penalties by the IRS. Worried? You should. This article explains how tax relief experts can free you from this unwanted situation.

It is a fact that every taxpayer has completely different circumstances and there is no one-size-fits-all formula to solve different IRS tax problems. All you have to do is recognize your mistake, assess your financial situation, get a tax resolution plan approved by the IRS and stick to it.

However, this can be quite a challenging course and you will need the expertise of qualified tax relief experts to guide you the most optimal approach for making up for your mistake. Based on your specific situation, these experts also advise you how you can sidestep the same or other mistakes in future. Tax relief experts have three different types: tax attorneys, CPAs and enrolled agents. You can choose any of these three but enrolled agents can be a wise choice in most of the situations due to their specialization in tax system and affordable fee as compared to the others.

Fortunately, the IRS is presently offering considerable clemency and eager to negotiate and allow you to make use of their certain tax debt relief programs. If you have enough evidence that you cannot pay your taxes in full, you can get favorable concessions. Even if you are not in a position to pay your taxes entirely, you still need to convince the IRS. Once the IRS is satisfied with your story, you will be allowed to pay your tax in affordable installments or even a reduced percentage of the actual amount.

Just like you cannot cure yourself of ailments without the help of a doctor, getting the best tax relief without an expert is tough. Only your tax relief expert can get you the best solution based on your tax debt, your income and basic expenses.

We are living in the age of plastic money as debit cards, credit cards and others have replaced cash. Added security and ease of use makes plastic money, especially the credit cards, the best choice for individuals belonging to every class of the society. But there is a downside to credit cards i.e. most of the US taxpayers spend more than they earn and end up accumulating uncontrollable due debts. The last thing anyone would want in such a situation is the IRS tax debt. Luckily, every problem has a resolution and a Tax Relief Program is the solution in this scenario which is explained in the rest of the article.

When the recession began to shake the American citizens severely, paying taxes became harder than ever. Every administration took the initiative and introduced Tax Relief Program to help the people settle their IRS tax dues, Bush tax relief, Obama tax relief. To secure maximum benefit from this program, you must start acting as soon as your realize the problem. Procrastination will only increase the penalties and you will end up paying many times the original owed amount.

If you are proactive and initiate the negotiation process yourself rather than waiting for the IRS to come after you, the IRS will believe you are serious about solving your problem and will consider your case more solemnly. On the other hand if you come up with a proposal after the IRS has hunted you down, no matter you are doing it in good faith, your effort will not bring the anticipated results.

When you are dealing with the IRS lies and dishonesty is the easiest way to get deeper into the trouble. The IRS has every mean to figure out whether you are telling the truth or tales. If you have heard someone bragging about how they played away IRS, most probably they are talking a little too early. There are cases when IRS tracked down tax evaders after many years.

However, Tax Relief Program is not as straightforward as one would like. The best approach is to hire the services of tax professionals i.e. enrolled agents, CPAs or Tax Attorneys, to represent your case before the IRS. They know all the nuts and bolts of the Tax Relief Program and their expertise can produce the best possible results.

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If you reside in the United States, you have to pay tax for everything you own. There used to be a time when paying taxes was affordable and evading taxes was easy. These days are over now. Recent fiscal slump has made paying taxes truly a taxing job, even for well-heeled individuals and organizations. Likewise, if you think that you can evade IRS taxes without any trouble, you are living in fool’s paradise. IRS is stalking tax evaders with vehemence like never before. The rest of the article explains the role of a tax relief attorney for individuals and businesses having IRS tax problems.

Who is a tax relief attorney? A tax relief attorney, just like any other legal representative, is licensed in at least one state to practice the law. Every attorney is bound to the state bar disciplinary and ethics counsel, which normally anticipate attorneys to have only the uppermost degree of uprightness and ethical conduct in their practices. If your attorney fails to treat you in an ethical manner, you may straightaway report to the state bar association.

When do I need a tax relief attorney? Whenever your tax paying procedure goes over the line, you need a tax relief attorney. Following are some of such situations: in case you want your case to be looked over distinctly in the United States Tax Court, if you have been harassed by the IRS and you aim to file a lawsuit against them, if you are a victim of a tax relief scam, lest you have intercontinental business which necessitates tax consultations, if the IRS is scrutinizing you, if you want to learn about the tax repercussions on your estate or any other personal property or if you are about to start a fresh business and need legal advice about taxes.

If you are in quest of a tax relief tax attorney can be your knight in shining armor. However, make sure the attorney you are hiring has a “Juris Doctor Degree” and has the license to practice in your state. Though tax attorney can represent you regaqrding your outstanding taxes, yet they charge a massive fee. If their fee is too much for you, look for other options i.e. Enrolled Agents or CPAs.

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Delinquent IRS taxes can result in tremendously bothersome upshots including bank account levy, tax liens and wage garnishment. Furthermore, if it is proved that you deliberately evaded taxes, you may end up in jail. For many individuals, paying back taxes is not an easy job in current erratic fiscal circumstances. If you are in a similar condition, and want to avoid IRS wrath, the best option is tax debt relief. With IRS tax debt relief, you could pay lesser percentage of the amount owed or over a period of time considering your financial circumstance.

Most of the people do not realize the adversity of the situation and try to procrastinate, hoping that everything will get settled down automatically. This lack of communication with the IRS only results in the loss of wages, property and added penalties. The best approach to solve IRS tax problems is to face them head on. There are two ways and means for countering IRS problems: handling the situation singlehandedly or obtaining the services of an experienced tax professional.

IRS tax debt relief involves complex tax and legal procedures and intensive paperwork, one minor mistake can washout your case. If you possess these legal and technical proficiencies, then you can save some dollar bills by piloting your case on your own. You will also need significant tolerance and determination because most of the IRS agents are not overnice gentlemen you might like – after all they deserve to be a little unforgiving due to the nature of their job. Worst of all is that in the end you may get exactly the opposite results of what you anticipated.

If you hire a tax professional i.e. enrolled agent, CPA or tax attorney, you will surely have to pay some money for their fee. However, the paybacks you will collect at the end of the day outweigh the amount you paid. The entire process of tax debt relief will be carried out in a rationalized and professional manner. Your tax expert will perform all the negotiations with the IRS and the results will be much closer to what you expect.

It is nearly a mystery how tax relief services eliminate IRS tax problems? Actually, it is a legal, technical and systematic process which has different phases and you need to be a tax or legal expert to understand all these. Tax relief services are indispensible for individuals who owe an IRS tax debt, especially those who have a huge outstanding amount. Learning how this process works can help you get started and get your problems solved more efficiently.

Most of the companies that offer tax relief services have different kind of specialists including enrolled agents, CPAs, Tax attorneys and accountants. These professionals have specific qualifications and licenses. Some of them are even former IRS agents who have deep insight of the tax settlement process. If you are hiring one, make sure they have qualified and experienced knowledge and skills to resolve your specific tax problem.

Beware of some scammers who charge the whole fee upfront and never even contact the IRS. There are a few legitimate tax resolution companies that charge a retainer fee i.e. you have to deposit some money before you can avail their services. Alternatively, there are companies which do not require a retainer fee but rather a flat and reasonable fee for the entire process.

Some of the companies also offer a free consultation which is your best opportunity to judge their capabilities. Ask as many questions as you can. Questions can vary depending on your situation but you can ask them questions regarding their qualifications, experience, how they will proceed with your case, their fee etc. Another good tactic is to ask question to their previous clients because if they are happy, chances are you will also be satisfied and vice versa.

Once you hire a company, you will need to sign a power of attorney document which legally declares the tax resolution company to be your representative. This legal document also gives the firm authority to negotiate with the IRS on your behalf. But this does not mean that you should let your representative decide everything regarding your case rather you should be aware about the whole debt relief process.

BOE California State Board of Equalization

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California Personal Income, Sales and Use Taxes: Tax Imposed on Support Service Providers

Legislation is enacted that imposes California sales tax on providers of support services and excludes from gross income, for purposes of personal income tax, any supplementary payment received by a provider of in-home supportive services, as provided.

Providers of Support Services

California sales tax is imposed on providers of support services at retail measured by the gross receipts from the sale of those services. The tax is operative provided specified federal approval requests for matching funds are granted. The tax is imposed at the rate of 7.25% (6.25% on and after July 1, 2011), according to the Bill Analysis. Sellers that are actively engaged in arranging for the retail sale of support services are required to register with the California State Board of Equalization (BOE), collect tax from the provider, and report and pay the tax to the BOE. Sales tax prepayments are inapplicable to sellers until no later than three months after the date that federal approval is obtained.

“Support services,” for purposes of the tax, are:

— domestic services and services related to domestic services;
— heavy cleaning;
— personal care services, as defined;
— accompaniment when needed during necessary travel to health-related appointments or to alternative resource sites;
— yard hazard abatement;
— protective supervision;
— teaching and demonstration directed at reducing the need for other supportive services; and
— paramedical services that make it possible for the recipient to establish and maintain an independent living arrangement, including necessary paramedical services ordered by a licensed health care professional, as provided.
“Provider” is defined as a natural person who is authorized by law to provide all such support services and who makes a retail sale. Moreover, the term includes nongovernmental persons that arrange for the retail sale of all support services.

“Seller” is defined to include:
— the California Department of Social Services in its capacity as the state agency that oversees the In-Home Supportive Services (IHSS) program;
— a county in which county staff serve as homemakers, as provided;
— a county that contracts with a nongovernmental contractor to arrange for the retail sale of support services; or
— any other nongovernmental person that arranges for the retail sale of support services.

In addition, the Director of the Department of Health Care Services is required to seek federal approval from the federal Centers for Medicare and Medicaid Services to implement these provisions and to notify the BOE within 10 days of receipt of that approval.
Supplementary Payment Excluded From Gross Income
Gross income, for California personal income tax purposes, does not include any supplementary payment received by a provider of in-home supportive services, as specified. That supplementary payment must be equal to a percentage of the gross receipts of the provider for the sale of the services, plus an amount that is equal to any additional payroll withholding required for federal income tax purposes and for purposes of taxation for the Social Security and Medicare programs, as provided, due to the supplementary payment.

California State Board of Equalization sales and use tax audits, sales and use tax settlements, sales and use tax installment agreements, Los Angeles BOE audit, Orange County BOE audit, San Bernardino BOE Audit, Riverside BOE Audit, Wholesale BOE sales tax audit problem.

The CA Sales & Use tax audit help line 1-877-788-2937

Tax Resolution Services for all your Tax Problems

Looking for trustworthy tax resolution services but don’t know where to turn?

It’s never too early to start thinking about your taxes and tax resolution services – especially if you anticipate tax problems.

Tax problems are a real pain. When not handled by a company that specializes in tax resolution services, a relatively small issue can grow into a huge tax burden very quickly. It’s happened before and it’ll keep happening for as long as people are required to pay taxes. But it doesn’t have to happen to you. And it won’t, if you take the right steps starting right now.

The first step is identifying the type of tax problem help you currently need or anticipate. When it comes to taxes and problems, there’s a seemingly never-ending assortment. Back taxes, IRS tax audits, tax levies and tax liens are the most common tax issues handled by tax resolution services companies. But there are plenty of others.

If you’ve been getting letters from the IRS, you need to start paying attention to what they say. A lot of people with tax problems think that if they ignore these letters, their tax problems will magically go away. If that sounds like you, let me tell you this: Tax problems don’t magically go away and neither does the IRS!

The next step is realizing that you’re probably not the best person to make a case to the IRS. Too many people think that negotiating with the IRS is something they can handle. So they take a shot and all too often, the results aren’t what they expected.

Others know they’re not the right person and turn to their accountants or the people who prepared their taxes for help. Again, this sounds like a good approach, but it’s not. People who take this route usually pay more for professional tax services and don’t usually get anything more in return. Tax preparation is NOT tax representation! What you need is a tax representation specialist with the special skill set and knowhow of the IRS.

That’s why it’s important to know about this last and most important step: Handing your tax problems over to a reputable and reliable company that specializes in tax resolution services.

Mike Habib EA, a tax professional company that specializes in tax resolution services aren’t first-timers when it comes to dealing with the IRS. We’ve “been there, done that” and understand the right way to interact with the IRS. We understand the complex tax laws and regulations. We know proper protocols and how best to mediate on your behalf. And we’ll negotiate a settlement you can live with today and in the future.

If you need back tax help, tax relief, or tax negotiation, are seeking a tax settlement, or are having payroll tax problems or other business related tax problems, don’t go it alone. For the best results, work with Mike Habib, he’s an Enrolled Agent who specializes in tax resolution services. Mike can be reached at 1-877-788-2937.

We strive to provide the best tax resolution services and tax debt relief nationwide and in all 50 states including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Why Tax Masters May Not Be Your Best Option for IRS Tax Problems

Tax Masters isn’t your only choice when looking for a solution to your tax problems. Tax Masters isn’t necessarily your best choice, either. It’s true that the company’s strong presence on television and the Internet is hard to ignore. But all that really means is that Tax Masters has a bigger advertising budget than many of its competitors.

Experience matters more than words

Companies with big advertising budgets often have less money available to put towards other budget items like payroll. I don’t know about you, but if I was looking for someone to negotiate an offer in compromise or tax settlement, I’d want the most qualified and most experienced tax professionals I could find on my team. And that may not be what you find at places like Tax Masters.

When you’re facing tax problems such as back taxes, payroll taxes, wage garnishments, IRS tax liens, delinquent tax filings, IRS tax audits and other issues the IRS takes seriously, you must carefully execute your every move. One mistake could end up costing more than you ever imagined. Inaction could cost you even more. And so could making the wrong decision when it comes to choosing a tax resolution company.

That’s why it’s so important to choose your IRS tax help wisely. Instead of engaging the services of a big company like Tax Masters right off the bat, spend some time researching other tax relief companies. You’d do this if you were purchasing a television or computer. So why not do the same with an important issue like your tax problems?

It’s not as difficult as you think

The easiest way to accomplish this is by leveraging the power of the internet to learn more about the various companies offering tax relief. Reading websites is a good start. However you should also contact several companies to find out how much experience the company has with the type of IRS tax help you need. Equally important is asking for references from other clients who have had tax problems similar to your tax problems. But don’t stop there. See if those individuals are happy with the tax relief or tax resolution they received. Once you get someone talking, you’d be surprised by what you can learn.

Also check a company’s professional affiliations and its track record with consumer protection organizations like the Better Business Bureau. Even big companies like Tax Masters aren’t always in good standing and it’s up to you to find that out.

If you aren’t happy with what you find out about Tax Masters or any other tax resolution company, keep looking. When you feel like giving up remember, the choice you make now affects your future. So choose wisely!

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Is Life Insurance a Sound Investment?

Absolutely Yes. Life insurance is the best Tax Free Retirement investment you can find!

Most investors who invest in the stock market are usually advised by their stock broker and or financial advisor to check their investment choices with their tax advisors. The problem is, most investors never consult with their tax advisor regarding their investment choices which usually results that their investment end up either with big losses on wall street, or with a large tax bill that ends up losing a substantial portion of their principal investment amount.

That is not a good investment decision. If you choose to invest, you want to protect your principal capital and grow it over the years to utilize it in your retirement years when its needed the most, and you want it TAX FREE at retirement!

What do you prefer, tax free retirement investment while protecting your principal, or tax infested investments that looses value throughout the years!

Most people don’t look at life insurance as a tax free investment vehicle. However, it is becoming a popular option among affluent taxpayers, corporations and trusts because it provides the best after-tax returns compared to other investment options.

Life insurance has evolved dramatically in the past few years, there are many great life insurance products that offer superior return on investment, living benefits, protection of principal invested, accumulated cash value, terminal illness benefits, chronic illness benefits and of course death benefits to protect your loved ones.

The easiest way to see what life insurance can and cannot do is to make a simple comparison with other investment options. We make sure that the comparison is fair and that all costs, including tax effects, are analyzed on a year-to-year basis for both the tax free life insurance and the alternative investment. We don’t use investments that have completely different risk profiles; as the comparison results will not be accurate.

If it is properly structured, life insurance can provide the following tax advantages:

• Your heirs will receive the death benefits tax-free.
• The cash values grow tax-deferred and any withdrawals are tax-free until the cumulative investment (in the contract) is recovered.
• A loan from the policy is not taxed as income.
• The death benefit will pay off any outstanding loan balances income tax-free at the time of death. The death proceeds can even be estate tax-free if the policy is owned by an Irrevocable Trust.

A life insurance program can be customized to meet your individual needs and particular objectives. If you are after the tax-advantaged cash value accumulation, you can minimize the life insurance benefit if you wish. In many cases though, the benefit is the most valuable feature since it immediately creates a capital sum at death that cannot be duplicated by any investment.

If you would like to discuss the tax benefits of a life insurance investment, please contact Mike Habib, EA at 1-877-788-2937.

We service all Southern California areas as Los Angeles, Pasadena, Glendale, Burbank, Whittier, Beverly Hills, San Fernando Valley, San Gabriel Valley, Inland Empire, Riverside, San Bernardino, Orange County, Newport Beach, Irvine, Santa Ana, Long Beach, Lancaster and other cities in the state of California
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