IRS wage garnishment levy and IRS bank levy tax relief Collecting tax revenue in the face of recession has been – and will continue to be – a challenge for the IRS. There is an increase in the number of taxpayers unable to pay their back taxes due to loss…
Solve Your 941 Payroll Tax Problems It’s fairly common for businesses – no matter what size – to struggle with some sort of 941 tax issue or another. Even companies that use good payroll software to sort out their entire payroll related taxes are still prone to errors. The IRS…
How small businesses can use the new longer NOL carryback to achieve maximum tax savings Mike Habib, EA Tax Relief & Tax Problem Resolution The American Recovery and Reinvestment Act of 2009 (commonly referred to as the Recovery Act), which was signed into law on Feb. 17, 2009, makes a…
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…
IRS giving relief to some Madoff investors By MARCY GORDON, AP Business Writer WASHINGTON – The Internal Revenue Service issued guidelines Tuesday that will allow tax relief and refunds for some Bernard Madoff victims who were levied for investment earnings that turned out to be nonexistent. IRS Commissioner Douglas Shulman…
What are your chances for being audited? IRS’s 2008 data book provides some clues IR 2009-22 Mike Habib, EA Tax Relief & Tax Problem Resolution IRS has issued its annual data book, which provides statistical data on its fiscal year (FY) 2008 activities. As this article explains, the data book…
Pasadena, CA March 13, 2009 – The current recession offers the best opportunity for individuals and businesses to address their tax issues and effectuate a tax settlement with the IRS. The Internal Revenue Service has announced its willingness to resolve and settle delinquent tax accounts; this will help those taxpayers…
Get your CA FTB withheld tax refund today by contacting Mike Habib, EA at 877-788-2937 CA Tax Rates According to the California State Franchise Tax Board (FTB), partnerships that are not based in California should file withholding tax on the sale of real estate in the state. The CA tax…
Tax Relief Services Filing tax returns is a necessary hassle, and everyone – even prudent individuals – are prone to errors. Tax delinquency is becoming a common problem as the harsh economy renders more people incapable of paying their taxes for various reasons. Luckily, resolving delinquent tax liabilities need not…