IRS Tax Help

IRS Appeals Process: A Detailed Guide

September 20, 2024 | Mike Habib, EA

Navigating the IRS appeals process can be daunting, but understanding the steps involved and knowing how to effectively present your case can significantly improve your chances of a favorable outcome. This comprehensive guide will walk you through the IRS appeals process, detailing each step and explaining how our representation tax firm can assist you.

Table of Contents
Introduction to the IRS Appeals Process
When to Consider an Appeal
Steps to Appeal an IRS Decision
Step 1: Understand Your Appeal Rights
Step 2: Prepare Your Case
Step 3: File a Protest or Small Case Request
Step 4: Attend the Appeals Conference
Step 5: Await the Decision
Types of Appeals
Collection Appeals
Examination Appeals
Penalty Appeals
How Our Representation Tax Firm Can Assist

Get tax appeal help today by calling us at 1-877-788-2937.

Nonprofit 990 Tax Compliance: Navigating Challenges with an Enrolled Agent

May 15, 2024 | Mike Habib, EA

Nonprofit Tax Service by Mike Habib, EA

Nonprofit organizations play a crucial role in society, offering valuable services and advocacy. However, managing tax compliance can be a significant challenge due to the complex nature of tax laws and regulations. This article explores common tax compliance issues faced by nonprofits and how an Enrolled Agent (EA) can help resolve these problems, with references to relevant Internal Revenue Code (IRC) sections, preparation, planning and compliance requirements.

1. Understanding the Importance of Maintaining Tax-Exempt Status
One of the primary concerns for any nonprofit is maintaining its tax-exempt status under IRC Section 501(c)(3). This status exempts nonprofits from federal income tax on their earnings related to their exempt purpose. However, failure to comply with the regulations can result in the revocation of this status.

Common Compliance Issues:

Failure to file the annual return (Form 990) leading to automatic revocation of tax-exempt status as stipulated under IRC Section 6033(j).
Engaging in excessive unrelated business income (UBI), which is taxable under IRC Section 511.
Participating in political campaigns or substantial amounts of lobbying, which are restricted under IRC Section 501(c)(3).
Resolution through an Enrolled Agent:
An EA can assist nonprofits in navigating these regulations by ensuring timely and accurate filing of Form 990 and advising on activities that may jeopardize their tax-exempt status. They can also help in planning and reporting UBI to avoid potential taxes and penalties.

Get professional help by calling us at 1-877-78-TAXES [1-877-788-2937].

IRS Letter 1058 (LT11): Your Help Guide to Understanding and Responding

June 9, 2023 | Mike Habib, EA

I have to start by stating that this “Final Notice notice of intent to levy and notice of your rights to a hearing, please respond immediately” is one of the most important and urgent IRS notice a taxpayer may receive, and although it is so important as it would lead to levying your bank accounts, paychecks etc., many taxpayers unintentionally ignore it. You MUST attend to this Final levy notice right away as it comes with rights to appeal and resolve your unresolved tax debt. Learn more about CDP collection due process and form 12153.

Contact us for tax help today.

What is an IRS CP14 notice? Help options for balance due for unpaid taxes

May 24, 2023 | Mike Habib, EA

What is an IRS CP14 notice?

An IRS CP14 notice is a letter sent to taxpayers who owe money to the IRS. The notice will state the amount of tax due, as well as interest and penalties. The IRS will also provide instructions on how to pay the amount due.

What does the IRS CP14 notice look like?

The IRS CP14 notice is a white letter with a blue header. The letter will be addressed to the taxpayer and will include the taxpayer’s Social Security number or taxpayer identification number. The notice will also include the following information:

The amount of tax due
The amount of interest and penalties
The due date for payment
Instructions on how to pay

New year tax resolution – resolve your tax problem today

January 2, 2023 | Mike Habib, EA

Types of IRS tax problems and how to resolve them

There are many types of IRS tax problems that individuals and businesses may encounter. Some common tax problems include:

Failing to file a tax return: If you fail to file a tax return (1040, 1120, 1065, 941, etc.), you may be subject to penalties and interest for failure to file and for any unpaid taxes.

Owing back taxes: If you owe back taxes, personal income tax, corporate income tax, or employment 941 payroll tax, the IRS may take enforcement action, such as placing a lien on your property or garnishing your wages and levying your bank accounts.

Incorrect tax returns: If you make mistakes on your tax return, you may owe additional taxes, penalties, and interest. Amending your tax returns could correct these errors.

Disputing a tax bill: If you disagree with a tax bill, you can file an appeal with the IRS.

Tax evasion: Tax evasion is the deliberate attempt to avoid paying taxes. It is a federal crime punishable by fines and imprisonment.

Amending corporation tax returns 1120 or 1120S business to 1120X or 1120SX

May 2, 2022 | Mike Habib, EA

Amending and or correcting a US corporate 1120 or 1120S business tax return (1120X), there are many reasons to do so: Corporate business returns often require amendments to correct errors or to claim overlooked income, deductions or tax credits after the filing of the returns, if located in Los Angeles, CA or other city.

The process of correcting business corporate returns 1120 or 1120S requires different types of amended forms and an understanding of the refund procedures as well as possible additional tax obligations. Business taxpayers should timely correct and amend their corporate business tax returns to assure inaccuracy of penalties being assessed, and of course to avoid a possible audit and its significant impact on you the taxpayer.

IRS Tax Representation Help in Connecticut

April 15, 2022 | Mike Habib, EA

If you are an individual or a business taxpayer who is facing tax problems, you can end your nightmare now. Our tax firm assists, helps and represents taxpayers facing tax problems such as unfiled tax returns, unpaid delinquent back taxes, IRS and state audits, payroll 941/940 problems, tax levies, liens, garnishments and other collection issues.

Get tax relief representation and complete resolution today! Call us at 1-877-788-2937.

Amending personal income tax returns 1040 individual to 1040X

April 1, 2022 | Mike Habib, EA

Amending and or correcting a US individual 1040 income tax return (1040X), there are many reasons to do so: correcting filing status of the taxpayers, which if not corrected, would result in incorrect total income reported, tax deductions and tax credits. Taxpayers should timely correct and amend their personal tax returns to assure inaccuracy of penalties being assessed, and of course to avoid a possible audit and its significant impact on you the taxpayer, if located in Los Angeles, CA or other city.

5 FAQ When Choosing a Los Angeles CPA or EA – Small Business Accounting

February 1, 2022 | Mike Habib, EA

One of the most important aspects of a company to the small business owner or operator is the financial, accounting side. It is very important to know the financial condition of your business. For most businesses, this falls on the Accounting department. For smaller businesses, where there is not an option, a CPA or EA firm may be a better choice.

A CPA or Certified Public Accountant, or EA Enrolled Agent is a specially trained professional who knows all of the necessary rules and regulations regarding business finances. This includes the very important topic of taxes (preparation, planning and representation). This article is designed to discuss the benefits of hiring and working with a Los Angeles CPA and or an EA. Below will be some frequently asked questions that cover the benefits of using an EA or a CPA for your small business finances.

Get a free evaluation by calling us at 1-877-78-TAXES [1-877-788-2937].

Tax & Accounting Service – Preparation, Planning, Representation

September 20, 2021 | Mike Habib, EA

Tax Help? IRS – FTB – CDTFA – EDD tax help.

We provide specialized tax & accounting service for individuals and or businesses facing IRS or State tax problems such as:

– Back Taxes

– Tax Levy – we release wage and bank levies

– Tax Audits

– Tax Appeal

– Unfiled Tax Returns – 1040, 1120, 1065

– Negotiated Tax Settlements

– Tax Liens

– Offer in Compromises

– Tax Planning & Tax Preparation

– Employment 941/940 Payroll Tax Problems/Disputes

Call us toll free 1-877-78-TAXES [1-877-788-2937]

Or visit us online at www.myirstaxrelief.com

Fee starts from $300 for basic tax preparation

Do not compromise on your tax service provider, call us for a free and confidential 15 minute consultation at 1-877-78-TAXES [1877-788-2937].

Whittier, Los Angeles, Pico Rivera, Norwalk, La Habra, Brea, Fullerton, Buena Park, Hacienda Heights, Rowland Heights, El Monte, Rosemead, Baldwin Park, Irvine, Santa Ana, Newport Beach, Santa Monica, Malibu, Beverly Hills, SGV, SFV, LA County, OC County, EA enrolled agent, CPA, Tax Lawyer