Having Unfiled Tax Returns and need Help? Taxpayers with unfiled tax returns can invite a lot of problems. The famous IRS has coined ten years for the collection of taxes that are owed. If the return for owed taxes was filed ten years ago, the IRS will probably use the…
Back Taxes – How to get tax resolution When one is undergoing financial problems and above all a number of tax bills that are due, the first thing that crosses ones mind is how to settle back taxes. Burden of tax debt is a complicated issue. This is so because…
Common Plan Mistakes – Hardship Distributions in a 401(k) Plan The Problem A 401(k) plan permits participants to receive hardship distributions. The distributions, however, do not satisfy the plan provisions relating to hardship distributions. Example: George is the 100% owner of the George Company. The company sponsors a 401(k) plan…
Tax Lien – How to handle an IRS federal tax Lien A tax lien is a civil action filed in court of the county where a person resides or a business operates by a government agency particularly the Internal Revenue Service. IRS is seeking a legal claim – attachment against…
Up to 1.2M Tax Returns May Have Used Stolen IDs SOURCE: WebCPA An estimated 1.2 million tax returns filed in 2007 reported wages earned by taxpayers who used another taxpayer’s Social Security number, according to a new government report. Many tax returns are filed by individuals who have used another…
IRS Examples of Tax Nonfiler Investigations – Fiscal Year 2010 Mike Habib, EA 877-788-2937 The following examples of Nonfiler investigations are excerpts from public record documents on file in the court records in the judicial district in which the cases were prosecuted. Back taxes, unfiled tax returns, tax debt settlement,…
How To Choose A Tax Relief Company By Mike Habib, EA at 877-788-2937 Choosing a reliable and reputable tax relief company is a daunting task. The reality is that many tax problems are better handled and resolved with a tax professional who knows what he is doing. Many tax relief…
IRS Problem Solver – Solutions to tax problems Tax relief expert and IRS Problem Solver, Mike Habib, states that taxation doesn’t have to be taxing! Your right to deal with the IRS by yourself carries the right to hire and solicit assistance and representation on your behalf. This is what…
Tax Relief Are you having problems with settling all your tax debts? If so, you might want to avail of any of the tax relief programs provided for by the IRS. A tax relief is a negotiated solution to your tax problem and possible reduction of the entire tax amount,…
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.…