When it comes to filing a tax return, or not filing one, the IRS can assess a penalty if you fail to file, fail to pay or both. Here are eight important points the IRS wants you to know about the two different penalties you may face if you do…
Tax relief experts have a job pretty similar in nature to specialists of any other field. For example, if you are traveling on the road and suddenly your car breaks down due to a mechanical fault, you cannot fix it without the service of an expert mechanic, unless you possess…
Good news for American taxpayers who have an outstanding IRS Tax Debt: IRS is still accepting a large number of requests for settlements of delinquent back taxes from taxpayers who are in financial distress and cannot pay their back taxes in full. However, it is a pity that even a…
Life is a mixture of sunshine and rain, happiness and sadness, success and obstacles, ups and downs. As a matter of fact, majority of people experience more sorrows and less pleasure during their lives. But there are some grave problems than can make you forget all other problems. IRS tax…
IRS Problem Solvers is who you need If you have tax problems, we can help. Millions of American taxpayers are stressed by their tax problems because it’s hard to address it with the IRS on their own. Our firm specializes in tax problem resolution, we represent taxpayers with unpaid back…
Important tax developments in the first quarter of 2010 IRS Tax Relief While the new law tax changes in the health reform legislation and the hiring legislation were the most significant developments in the first quarter of 2010, many other tax developments may affect you, your family, and your livelihood.…
IRS Tax Penalties in Detail Mike Habib, EA Tax Relief & Tax Problem Resolution The Internal Revenue Code imposes many different kinds of penalties, ranging from civil fines to imprisonment for criminal tax evasion. If you do not file your return and pay your tax by the due date, you…
Summary of IRS tax penalty rules Mike Habib, EA Tax Relief & Tax Problem Resolution Taxpayers who do not file their tax return and pay their tax by the due date may have to pay a penalty. Here are seven things you should know about failure-to-file and failure-to-pay penalties. The…
No More Tax Problems in 2009 Mike Habib, EA Here is a New Year resolution you can’t afford to ignore… No more tax problems!! Yes, you can get rid of your tax problems in 2009. You can solve your tax problems and get tax relief through our tax resolution services.…
Capital contributions did not restore or increase shareholders’ tax bases in loans to S corporations Nathel, (2008) 131 TC No. 17 Mike Habib, EA The Tax Court has held that taxpayers’ capital contributions to S corporations did not constitute income to the S corporations and that the contributions did not…