Owe unpaid back taxes, penalties and interest? Wondering what type of help is available? If you cannot pay your entire tax debt, then a negotiated tax settlement, OIC – offer in compromise would be a great option for you. This allows you to resolve your tax matter and pay less…
The IRS just published this important piece to caution taxpayers on how to select the right professional for IRS help. Do not fall for scams, a lot of advertisers on the radio, TV and the internet make tax settlement claims that are not correct or accurate. Be cautious and hire…
Dear Client: As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Factors that compound the challenge include turbulence in the stock market, overall economic uncertainty, and Congress’s failure…
New York, NY Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS For NYC individuals looking for proper representation or businesses trying to properly structure their business startups, the tax attorney is the answer. The tax attorney New York residents and business owners trust works to…
San Francisco, CA Taxpayer Rights Power of Attorney – Representing individuals and businesses before the IRS For those in the San Francisco, CA bay area who are facing an IRS audit, unfiled tax returns, employment tax problem resolution, tax debt settlement, and more, you will need the proper representation in…
WHY KEEPING CURRENT ON PAYROLL TAXES SHOULD BE A TOP BUSINESS PRIORITY BY STEVEN V. MELNIK STEVEN V. MELNIK, J.D., LL.M. (Tax), CPA, is an associate professor of tax law and the academic director of the graduate and undergraduate tax areas at Baruch College, CUNY in New York City. He…
Dear Client, On July 31, 2015, President Obama signed into law P.L. 114-41, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015.” Although this new law was primarily designed as a 3-month stopgap extension of the Highway Trust Fund and related measures, it includes a number of…
FINAL REGS ISSUED ON PARTNERSHIP VARYING INTERESTS RULE T.D. 9728, 07/31/2015, Reg. § 1.706-1, Reg. § 1.706-4, Reg. § 1.706-5 IRS has issued final regs on the determination of a partner’s distributive share of partnership items of income, gain, loss, deduction, and credit when a partner’s interest varies during a…
When a taxpayer decides to resolve and pay back the owed amount using any one of the IRS payment programs/filings/settlements, it is called a tax settlement. Internal Revenue Service or IRS offers a tax settlement if the concerned taxpayer is struggling to pay back the tax debts or if there…
If you received a letter that reads ‘IRS Letter 1058/LT11’, know that it is a final notice from the IRS (Internal Revenue Service) reminding you about the balance you still owe. Moreover, if you do not resolve your delinquent matter, they will make an attempt to levy your bank accounts,…