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…
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…
Tax Relief – Short List Tax relief is a term that refers to providing tax problem resolution and relief from the fear and burden of the mounting tax liability. Tax relief is provided on a federal and state level. Want tax relief? There are several reasons on why you may…
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…
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…
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…
IRS has filed $79,000 lien against Gov. Schwarzenegger, records show SOURCE: Los Angeles Times A spokesman for the governor says the matter is related to a paperwork discrepancy and has nothing to do with the payment of taxes. By Michael Rothfeld Reporting from Sacramento The Internal Revenue Service has filed…
IRS Issues Final Regulations Governing Installment Agreements The IRS has issued final regulations relating to the payment of tax liabilities through installment agreements. The regulations reflect changes to the law made by the Taxpayer Bill of Rights II (P.L. 104-168), the Internal Revenue Service Restructuring and Reform Act of 1998…
Treasury / SBA Highlight Role of Tax Cuts During Small Business Financing Forum US Treasury Secretary Timothy F. Geithner presided over the Small Business Financing Forum presented by the Treasury Department and the Small Business Administration (SBA) on November 18 in Washington, D.C. While the program was aimed at exploring…
President Signs Military Spouses Residency Relief Act Source: Journal of Accountancy President Barack Obama signed into law the Military Spouses Residency Relief Act (PL 111-97), which will ensure that the spouses of military personnel who move because their spouse is posted for military duty will be treated as not having…