Articles Posted in Tax Help

Dear Clients:

The following is a summary of important tax developments that have occurred in April, May, and June of 2018 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

The IRS released a new draft version of the 2018 Form 1040, U.S. Individual Income Tax Return. The new Form is markedly different from the 2017 version of the form and would replace the current Form 1040, as well as the Form 1040A and the Form 1040EZ. In addition to reflecting a number of changes made by the Tax Cuts and Jobs Act (TCJA; P.L. 115-97, 12/22/2017), the “postcard” draft form is about half the size of the current version and contains far fewer lines than its predecessor. However, this reduction in length is countered by the fact that the draft form has six new accompanying schedules.

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CLIENT LETTER EXPLAINS RECENT DEVELOPMENTS THAT MAY AFFECT YOUR TAX SITUATION

Dear Clients:

The following is a summary of important tax developments that have occurred in the first three months of 2018 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

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The average person only has a 1 percent chance of being selected for an IRS audit. That’s one drawing you don’t want to win! If you have been chosen, though, it’s important not to panic. How you respond to an IRS audit request can have a big impact on the outcome of the process.

While an IRS audit is undoubtedly stressful and can be a painful, lengthy process in some cases, following these tips will help you get through it:

  1. Read the letter carefully

Not every notice from the IRS is an official audit, but it’s easy to panic when a letter arrives from them. Take your time to read the letter from start to finish. If they are simply requesting verification of something in your taxes, provide the information promptly. You may be able to avoid a formal IRS audit altogether if you respond appropriately in a timely manner.

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Dear Client:

Congress appears poised to enact a major tax reform law that could potentially make fundamental changes in the way you and your family calculate your federal income tax bill, and the amount of federal tax you will pay. This letter is designed to help you cope with the changes Congress is hammering into shape right now—to take advantage of tax breaks that may be heading your way, and to soften the impact of any crackdowns. Keep in mind, however, that while most experts expect a major tax law to be enacted this year, it’s by no means a sure bet. So keep a close eye on the news and don’t swing into action until the ink is dry on the President’s signature of the tax reform bill.

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Tax Problem Resolution infographic by Mike Habib EA, Back taxes Help, IRS Audit Help, Unfiled Tax Returns Help

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Tax Problem Resolution infographic by Mike Habib EA

Calling on taxpayers facing back tax problems, taxpayers being audited by the IRS or the state, taxpayers with delinquent and unfiled tax returns, releasing tax levies, tax liens and businesses facing 941 payroll tax problems. We can resolve your tax problem and offer you peace of  mind. Call us today at 1-877-78-TAXES [1-877-788-2937]. 

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Dear Client:

The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

Healthcare bill moves through Congress. On May 4, the House of Representatives passed along party lines the American Health Care Act (AHCA), the Republican plan to repeal and replace the Affordable Care Act (ACA, also known as Obamacare), as amended. The House-passed bill would need to be reconciled with the Senate’s version of health reform legislation.

The AHCA would repeal virtually all of the ACA tax provisions, including the following. (Except as otherwise provided, the repeal would go into effect in 2017).

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Dear Client:

The following is a summary of important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable.

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Businesses and individuals often require professional IRS help to resolve tax related issues. The tax laws, state and federal tend to be complicated and you rarely have a very good understanding of the laws as they pertain to you or your business. Unfortunately, the IRS has no sympathy for your lack of knowledge and will not accept that as a valid excuse.

IRS Help to Deal with the IRS issues

The Internal Revenue Service (or IRS) is the US government agency responsible for the implementation of the country’s tax laws. And one of the most important duties of the IRS is collection of all federal taxes as applicable. If the IRS suspects that you have not paid what is your rightful due towards taxation, they are within their legal rights to enforce collection actions such as tax levies and liens. It is best to get professional IRS help at the earliest to deal with your taxes effectively and resolve the issues before further escalation. The smart course of action is to contact a professional enrolled agent, CPA or tax lawyer to help you.

Get a free evaluation of your case at 1-877-788-2937.

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Running a business, managing a company is not a child’s play. Apart from being a good CEO or the Head of the Company, there are certain important things you have to figure out and reign in early when you first start your own business or running a company as you need to take care of your employees as well as their salaries thereof. Payroll taxes are the most important of them all. You have to know how to calculate and pay 941 payroll taxes before you set out to hire employees.

Payroll taxes can prove to be a headache for businessmen/CEO. Employers are required to file payroll taxes from an employee’s paycheck. Some are paid by both the business and the employees, while some are the responsibility of the business alone. Though it is not easy to file payroll taxes, you can however hire a professional to get 941 payroll tax help.

Get a free evaluation of your case at 1-877-788-2937.

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IRS TAX HELP

Did you miss another filing deadline? Do you owe back taxes? Are you being audited by the IRS?

I can help you resolve your tax matter so you can move on with your life.

Don’t let the IRS ruin your life and punish you with tax levies and liens. We offer IRS tax help to individual and business taxpayers. We can file all your unfiled tax returns; negotiate a settlement through small monthly installment payments, or lump-sum settlement.

Get IRS tax help today 1-877-788-2937.

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