Back Taxes

Tax Help for Registered Domestic Partners – RDP IRS help

December 7, 2012 | Mike Habib, EA

Tax returns for registered domestic partners, including same-sex spouses, can be complex. The laws in your state, and more specifically community property laws, dictate how you file and which deductions you can claim. There are nine community property states in the nation: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Your state’s laws also determine how you, as a registered domestic partner, file your returns federally with the Internal Revenue Service.

For assistance with all RDP tax services, please contact our firm for a free tax consultation at 877-788-2937.

Unfiled Tax Returns – Get It Done

November 27, 2012 | Mike Habib, EA

Unfiled Tax Returns – Get It Done

Did you know that every year many people and businesses face the gavel just because they haven’t filed their taxes? Though you may plead not guilty, the IRS doesn’t think so. In its eyes every person who hasn’t filed their taxes is an offender even though the perspective is different from the person’s view. It isn’t uncommon that every year people and businesses fail to file their tax returns. Sometimes it’s due to ignorance, sometimes not enough information, sometimes to escape it. It doesn’t matter what the situation is, people and businesses are being heavily penalized just because of their unfiled tax returns.

Backlog on Taxes? Get a CPA for Back Taxes

November 21, 2012 | Mike Habib, EA

Backlog on Taxes? Get A CPA for Back Taxes

Nothing can be more stressful and alarming to have found your name in the black book of the IRS. It can be a case where you owe money following an audit, or taxes due in the current year or the previous year/s, or even worse where it can be case of many years of back taxes.

Owing money to the IRS can be devastating and destroy you beyond help if left unpaid. Though it may seem cruel from your point of view but the fact is that the IRS has the right to place levies and liens against your property to make up for the tax repayment. You may question yourself-“Why me”? Well, the truth is that it is not just you but according to a study” a maximum of twenty million of Americans owe money to the IRS.

Bank Levy – Don’t Let It Freeze

November 2, 2012 | Mike Habib, EA

Like a Ninja assassin, a bank levy strikes without a peep. How and when, no one knows. One day your debit/credit card will be working fine, but the next day your card will be rejected while making purchases or while trying to draw cash from the ATM. The IRS bank Levy can be quite devastating and can make normal life impossible; turning it upside down. A bank levy can be one of the harshest methods of collecting taxes used by the IRS. Should you ever face a bank levy it shouldn’t come as a surprise because the IRS gives a fair warning to individuals in advance that they plan on using this method.

DIDN’T FILE BACK TAX RETURNS? DO IT NOW!

September 10, 2012 | Mike Habib, EA

DIDN’T FILE BACK TAX RETURNS? DO IT NOW

Facing the back tax returns can sometimes overwhelm people. Many taxpayers, be it individuals and businesses, balk at the word ‘back tax returns’ because they owe Uncle Sam which quickly escalates as interest and penalties are assessed. Many taxpayers, be it individuals and businesses live in constant fear assuming the worst (most of the time in a dramatic way). Most of the time they just wait for the ‘back tax returns tsunami’ take over them or thinking that these problems will just go away. But that is not so. Tax problems do not just go away. These problems have to be faced head on because you never know that the problems you are tackling might just be an imagination or even worse bring you face to face with the dreaded IRS. Let’s just look at the pointers below to have a basic idea about what back tax returns are, what happens when you face them and so on.

EA Enrolled Agent Whittier Los Angeles Orange CPA Tax Services

August 15, 2012 | Mike Habib, EA

What is an Enrolled Agent?
An Enrolled Agent (EA) is a Federally Authorized Tax Practitioner who has technical expertise in the field of taxation and who is empowered by the United States Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.

Our tax firm is led by Mike Habib, EA, the firm’s main office is in Whittier California, we provide professional tax services help for clients throughout Southern California including Norwalk, Santa Fe Springs, Downey, Pico Rivera, Montebello, Hacienda Heights, La Habra Heights, West Covina, La Habra, Brea, Fullerton, Yorba Linda, Cerritos, La Mirada, Lakewood, Anaheim, Santa Ana, Long Beach, Compton, Torrance, Los Angeles, Pasadena, Beverly Hills, Santa Monica and throughout Los Angeles County, Orange County, Corona, San Bernardino County, Riverside County, the Inland Empire, the San Fernando Valley and the San Gabriel Valley.

Tax Relief Senate Bills

July 24, 2012 | Mike Habib, EA

The US Senate is slated to take up competing tax relief bills, S. 3412, the Middle Class Tax Cut Act, which is supported by the Democrats, and S. 3413, the Tax Hike Prevention Act, supported by the Republicans.

FTB Unpaid Back Tax Help: FTB calling delinquent taxpayers

July 12, 2012 | Mike Habib, EA

The FTB is implementing an automated dialer to make outbound collection calls to individual income-tax taxpayers in an effort to prevent collection actions such as tax liens, bank levies, and wage garnishments. The state FTB tax agency will implement a similar system for business entities in September 2012.

FTB to issue 475,000 levies: levy increase by 75%

June 13, 2012 | Mike Habib, EA

The CA FTB state tax agency has begun using information obtained through the Financial Institution Record Match (FIRM) program from banks and other financial institutions to find assets and collect on unpaid delinquent tax debts from California taxpayers. If you have outstanding FTB tax liabilities, your bank accounts may be levied by the FTB, and your wages could be garnished and levied.

Fresh Start OIC: More Flexible Offer-in-Compromise Terms

May 22, 2012 | Mike Habib, EA

The Internal Revenue Service today announced another expansion of its “Fresh Start” initiative by offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past.

“This phase of Fresh Start will assist some taxpayers who have faced the most financial hardship in recent years,” said IRS Commissioner Doug Shulman. “It is part of our multiyear effort to help taxpayers who are struggling to make ends meet.”

Call us today at 877-788-2937 for a brief consultation.