IRS Tax Help

Red Flags that Might Trigger an IRS Tax Audit Part 1 of 2

February 15, 2013 | Mike Habib, EA

No one really wants to be audited by the IRS. It’s time consuming, and quite frankly, a headache. You’ve probably wondered at some point who gets audited and why, as well as how you can avoid it. While there is no fool-proof way to avoid an audit; however, there are ways to reduce your chances.

The IRS audits slightly more than 1% of all individual tax returns each year because they do not have the resources and personnel to examine more than that. They do, however, look to audit the returns that are more likely to uncover overstated deductions, unreported income, false claims, or taxpayers that haven’t filed tax returns in a while.

Tax attorney fees and cost: what tax lawyers charge as fees

February 1, 2013 | Mike Habib, EA

What do tax lawyers charge as far as cost and fees?

When taxpayers are faced with tax problems such as unpaid back taxes or IRS audits, they usually seek the help of a tax attorney. Taxpayers have the right to be represented by a licensed and IRS approved representative, known as POA or power of attorney. Representation fees vary widely by various firms.

Our firm mostly offers flat fee engagements.

Call us today at 877-788-2937.

Discounted Tax Services for Union Members: Nationwide IRS tax help

January 15, 2013 | Mike Habib, EA

Our firm prides itself for providing various tax services to many Union members. Services such as:

• Tax preparation service: we will professionally prepare your federal and state tax returns,
• Tax planning: we will work with you to legally strategize and minimize your tax liability,
• Tax problems: we will represent you and resolve any unpaid tax debt, or release tax levies such as wage garnishments, bank levies, unfiled back taxes, offer in compromise, and or affordable payment plans,
• IRS audit representation: do not face the IRS on your own, we can represent you without you appearing,
• Estate & Fiduciary tax: we can prepare and plan your estate and fiduciary tax matter.

For Nationwide Union member call 877-788-2937. Free tax consultation.

Is Your Tax Advisor Right for YOU? Finding the Perfect Match.

December 28, 2012 | Mike Habib, EA

When it comes to choosing a tax professional to resolve a tax problem, represent you before the IRS, or handle complex tax issues, it is important to work with someone with the experience and expertise to deal with your situation effectively. You need to find someone you can rely on and trust. There are a lot of people out there claiming to be “the best,” so how do you choose? Here are some things to keep in mind when looking for the right person to handle your taxes.

Innocent Spouse Tax Relief, Separation of Liability and Equitable Relief – Explore Your Options and Recourse

December 17, 2012 | Mike Habib, EA

Often, married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Unfortunately, there are times because of divorce, separation, or other circumstances that one spouse becomes liable for taxes, interest, or penalties due to improper filing or reporting of their partner.

If you are in need of advice on the best way to obtain tax relief, we welcome you to contact our tax firm for a free tax consultation at 877-788-2937.

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.

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.

Why You Need an Enrolled Agent for Tax Problem

November 15, 2012 | Mike Habib, EA

The services of an enrolled agent for tax problem go a long way in resolving your IRS related tax issues. Though there are other tax professionals like tax attorneys and CPAs, in certain circumstances, it is best to take the help of enrolled agents. The question is ‘what are these circumstances’.

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.

Expert Guidance for Wage Garnishment Solutions: IRS wage levy release

October 23, 2012 | Mike Habib, EA

Timely tax payment is an important responsibility of every citizen and in the long run amounts to a better society with better amenities. Tax deductions from the salary do hurt and many resort to tax evasion as a way out. It must be understood that while tax evasion might appear as lucrative way out for a short term, it is definitely not the solution. Professional guidance from credible and reliable tax solution firms can come to the rescue at the critical point. These solution providers not only help in filing tax returns on time but also deal with wage garnishment and bank levy which IRS can resort to as means to bring the unpaid tax backlog to the defaulter’s attention.