IRS Offers Tax Help to Oil Spill Victims SOURCE: WEBCPA The Internal Revenue Service has issued guidance to individuals and businaesses affected by the oil spill in the Gulf of Mexico and announced new efforts to help affected taxpayers, including a special Gulf Coast Assistance Day on July 17. “This…
Alivio de problemas de impuestos federales (IRS), Alivio de problemas de impuestos estatales (BOE or FTB), Alivio de problemas de impuestos del empleador (EDD). Español Tax Relief Help Call 1-877-970-7007 En Mike Habib EA, una compañia Californiana de ayuda para problemas de impuestos, entendemos que ser notificado que sus declaraciones…
Payroll Tax Problems 941 / 940 – Unpaid employment tax relief The 941 Payroll Tax problem is businesses’ tax problem concerning their payroll. Before understanding what a 941 payroll tax problem is, it is important to know what it is. There are three (3) main types of taxes falling under…
Tax Relief – Get tax debt relief today Reasonable Cause/Good Faith Defense: Even if the taxpayer did not have substantial authority for a position and failed to make adequate disclosure, the substantial understatement penalty does not apply if the taxpayer had reasonable cause for the tax underpayment and acted in…
CALIFORNIA FRANCHISE TAX BOARD CA RESIDENCY RULES & AUDIT RESIDENCY LAWS, TERMS, AND RESIDENCY CONCEPTS DEFINITION OF RESIDENT R&TC Section 17014(a) defines “resident” as: Every individual who is in this state for other than a temporary or transitory purpose; Every individual domiciled in this state who is outside the state…
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…