TIGTA identified 685,555 taxpayers who had a balance due as of May 14, 2019. These taxpayers reported adjusted gross income (AGI) of $200,000 or more and owed a combined total of $38.5 billion. Because the IRS prioritizes high balance due cases for collection, many of these high-income taxpayers would be…
Tax Relief Blog
Los Angeles/Orange County, California Tax Service Help
Tax Resolution Services Los Angeles-Long Beach-Santa Ana Metropolitan SoCal area Local tax helpline 877-78-TAXES [877-788-2937] Don’t let the IRS ruin your life…Settle for less than you owe! > Fresh start IRS program? Get tax relief today! > Back Taxes? > Unfiled tax returns? > Employment payroll 941/940 tax problem? > Wage garnishment?…
US Expat Tax Help – Professional IRS help for Americans living overseas
Preparation – Planning – Representation – Special situation advisory Americans living abroad, expatriates, are not immune from having to pay US Federal Income Tax and even some states do as well. Unfortunately, there are some people who mistakenly think that as soon as they leave the United States that they…
CAA, 2021 CHANGES TO PAYCHECK PROTECTION PROGRAM SECOND DRAW
Dear Client: At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic. This law, the Consolidated Appropriations Act, 2021 (CAA, 2021), includes a second draw of Paycheck Protection Program (PPP) loans (PPP Second Draw Loans). It…
Save on Business Taxes – 6 Useful Planning Tips from the Experts
As ruthless as the IRS can be, they aren’t completely heartless and they themselves know that businesses can’t be expected to hand over unreasonable amounts of profit every time they file their tax returns. As a result of this, for people looking to save on your business taxes, the IRS…
Backed up Bookkeeping – 5 Tips on Managing Your Accounting
As any business owner will tell you, there are simply not enough hours in the day, and life as a business owner can be described as ‘busy’ at best. If you’re running your own business, in Los Angeles, or Orange County, regardless of how large or small your company is,…
Tax Account Review – TAR or Discovery
For Los Angeles, and all over America, individuals or businesses who are concerned about the information they receive from the Internal Revenue Service (IRS) about their taxes, a tax account review – TAR may be the answer. For those who have complicated tax forms to fill out, a proper review…
Maximizing Profits Through Proper Tax Planning
With more than 30 million small businesses in the US, effective tax planning is essential to maximizing profits and minimizing taxes, keeping more of what is earned, and lowering your taxes for the future. Understanding the intricacies of effective tax planning takes professional guidance to ensure that you are taking…
Payroll Tax Resolution – How to Resolve Payroll 941/940 Tax Problems
If you want an easy and stress-free business life, one of the best tips we can give you today is to stay on the IRS’ good side and to not tick them off. Payroll tax resolution issues are amongst the most common reasons for the IRS pursuing Los Angeles or…
IRS Revenue Agent and IRS Revenue Officer – Different roles & responsibilities
Although an IRS revenue agent – RA and IRS revenue officer – RO may sound like the same title, there are actually differences between them that you should know. While most individuals may never have to face an IRS audit for example, understanding how the different agents and officers operate…