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Articles Posted in Tax Relief

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Tax Relief and Retirement Incentives

President Announces Middle-Class Tax Relief and Retirement Incentives President Obama plans to propose a near doubling of the Child and Dependent Care Tax Credit for middle-income families earning under $85,000, establishment of a system of automatic 401(k) enrollments and simplifying and expanding the Saver’s Tax Credit. These initiatives will be…

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IRS Announces Qualified Disaster Treatment for Haiti

IRS Announces Qualified Disaster Treatment for Haiti The Internal Revenue Service today issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes. The guidance allows recipients of qualified disaster relief payments to exclude those payments from income on their tax returns.…

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SoCal Tax Help

Southern California Tax Relief Services IRS tax Relief, FTB tax Relief, BOE tax Relief, EDD tax relief At Mike Habib, EA, a SoCal tax firm, we understand that being notified that your tax return is being challenged by the IRS or the FTB can be scary. When you are faced…

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National Taxpayer Advocate Annual Report

National Taxpayer Advocate Annual Report National Taxpayer Advocate Nina E. Olson today released her annual report to Congress, warning that increased demands on the IRS have eroded the agency’s ability to meet taxpayer service needs and expressing concern that IRS collection practices are harming financially struggling taxpayers without producing significant…

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Tax Problems

Tax Problems – Tax Problem Resolution When tax problems occur, it can be difficult to hide from the IRS. Being familiar with these tax problems allow you to recognize them as soon as they occur. Whether you are an individual or a business entity, make sure that you are aware…

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IRS Tax Lien, How to release federal tax liens and levies

IRS Tax Lien – How to release federal tax liens and levies Taxpayers have the right to appeal the IRS’ filing of a notice of a tax lien in the public record and petition for release. If filed in error, the IRS must release the lien and state that the…

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IRS enforcement figures

Table 16.Delinquent Collection Activities, Fiscal Years 2005-2008 [Money amounts are in thousands of dollars.] Activity 2005 2006 2007 2008 (1) (2) (3) (4) Returns filed with additional tax due: Total amount collected [1] [r] 27,615,348 [r] 29,172,915 [r] 31,952,399 28,465,648 Taxpayer delinquent accounts (thousands): Number in beginning inventory 5,981 6,478…

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