Tax Resolution Services

Tax Account Review – TAR or Discovery

October 1, 2020 | Mike Habib, EA

For Los Angeles, and all over America, individuals or businesses who are concerned about the information they receive from the Internal Revenue Service (IRS) about their taxes, a tax account review – TAR may be the answer. For those who have complicated tax forms to fill out, a proper review by tax professionals may shed light on their current situation. In fact, many individuals have benefited in ways from a review that has helped them to pay less in taxes and keep more in their pocket.

What is a Tax Account Review or TAR, Discovery?

As the name implies, it is a review of the tax returns and other information of an individual or a business with the IRS and or the state. The goal is to provide a clear, comprehensive report about the taxpayer status with the IRS. This means a thorough review of previous tax returns, an overview of the income and expenses incurred by the taxpayer, and discovery of any new tax rules or regulations that may alter the taxes which are paid.

Tax Problem Resolution Services

January 6, 2020 | Mike Habib, EA

Tax Problem Resolution Services

It all started with the Tea Party in Boston, when American colonists protested British taxes levied “without representation.” The IRS didn’t come into being until 1862, to handle our first national income tax, 3% of income, levied to fund the Civil War. That tax expired in 1872, but again in the early twentieth century, just before World War I, Congress passed the Sixteenth Amendment, which imposed income taxes again. They haven’t expired since.

In a 1935 Supreme Court decision, a judge ruled that, “Any one may so arrange his affairs that his taxes shall be as low as possible…There is no patriotic duty to increase one’s taxes.” Most Americans think that people who cheat on their taxes are morally reprehensible and not good citizens, but they try to reduce their own tax bills legally.

Today, federal, state and local taxes add up to nearly 25% of the US Gross National Product, so they’re pretty adamant that you pay up. You have to pay taxes on income, payroll, sales, capital gains, property you own, dividends, goods you import, estates and gifts, and some fees. Even non-resident citizens are taxed on worldwide income.

With all these taxes to pay, it’s no wonder that sometimes people fall behind.

Tax Attorney VS Enrolled Agent VS CPA – What’s the Difference? Cost & Fees

February 4, 2019 | Mike Habib, EA

Looking to get your taxes and finances in order before the IRS comes knocking on your door? If so then rest assured that you are most definitely not alone. As we are now in tax season, taxpayers all across the country are starting to panic, dig out their receipts, and attempting to get their accounts in order as soon as possible. A select few however, are cool, calm, and collected. This is because those select few have made the wise decision to hire a professional tax expert (EA, CPA, attorney) to take care of their finances and accounts for them. When selecting a tax professional however, it’s important that you understand the choices available to you, and that you know the differences. Many people often confuse CPAs with tax attorneys and enrolled agents. While the three do share some similarities, in reality they are very different. To help show you what we mean, we’ll now look at the key differences between all three.

Get a free case evaluation today by calling us at 877-788-2937.

Tax Relief and Resolution – when facing serious IRS, State tax problems

November 30, 2018 | Mike Habib, EA

While many people manage to file their IRS and state taxes on time, face no back-tax debt, and do not have to undergo tax audits, there are also those who face such consequences. Effective tax relief and resolution means having to settle with both the IRS and the state in which you file your income taxes. Unfortunately, many people do not fully understand the law and how it applies to them, meaning that effective tax relief programs and resolution may be difficult to achieve without the help of a professional tax representation firm, A+ BBB rated, that is near you and service your area.

What follows are three of the major types of IRS and state tax issues that many people face every year. By knowing what to do, you can minimize the penalties, so you can keep your income sound while paying off any tax debt.

Get a free case evaluation today at 877-788-2937. All 50 states.

Tаx Lіеn – how to release and remove your lien

September 3, 2018 | Mike Habib, EA

Tаx Lіеn – how to release and remove your lien

Obtaining Relief from Federal Tax Lien

A tax lіеn is a lеgаl сlаіm by a gоvеrnmеnt еntіtу against a nоnсоmрlіаnt taxpayer’s аѕѕеtѕ. Tax lіеnѕ are usually a lаѕt resort tо force аn іndіvіduаl оr buѕіnеѕѕ tо pay back taxes. Learn how to remove it here.

BREAKING DOWN ‘Tax Lien’ and how to remove it

The gоvеrnmеnt саn рlасе a tax lien on a рrореrtу if the property оwnеr іѕ nоt mаkіng his оr hеr рrореrtу tax рауmеntѕ оr оwеѕ оn іnсоmе taxes. In оthеr wоrdѕ, federal and state gоvеrnmеntѕ may рlасе tаx liens fоr unраіd іnсоmе tаxеѕ, whіlе lосаl gоvеrnmеntѕ mау рlасе tаx lіеnѕ fоr unраіd lосаl income tаxеѕ оr рrореrtу tаxеѕ. Thе lіеn dоеѕ nоt mеаn thаt thе аѕѕеt will bе ѕоld. Inѕtеаd, іt еnѕurеѕ thаt the tax authority gеtѕ fіrѕt tо сlаіm over оthеr creditors vуіng fоr thе іndіvіduаl’ѕ or buѕіnеѕѕ’ рrореrtу. After a lіеn hаѕ been filed, it wіll show uр on thе offender’s сrеdіt report, nеgаtіvеlу impacting аn іndіvіduаl’ѕ сrеdіt ѕсоrе and mаkіng іt dіffісult fоr hіm оr her tо secure аddіtіоnаl lоаnѕ. Alѕо, a tаx lіеn prevents the tаxрауеr frоm ѕеllіng оr rеfіnаnсіng the assets tо whісh liens hаvе bееn аttасhеd. Thе lіеn rеmаіnѕ іn рlасе untіl the tax lіаbіlіtу is paid оff оr the ѕtаtutе оf limitations оn the dеbt еxріrеѕ.

Remove, withdraw, release your lien. Get a free case evaluation today 877-788-2937.

Dealing with back tax problems? Here are some solutions.

May 4, 2018 | Mike Habib, EA

Bеlоw іѕ a list оf thе mоѕt соmmоn problems arising frоm unраіd back taxes and ѕоlutіоnѕ tо dealing wіth unpaid bасk tаxеѕ? If уоu dо nоt know thе bеѕt solution tо уоur tаx problem, here is more information аbоut thаt рrоblеm аѕ wеll аѕ possible solutions for dеаlіng wіth thаt problem.

Get a free case evaluation today 877-788-2937.

IRS, FTB, EDD, CDTFA, BOE TAX HELP

April 5, 2018 | Mike Habib, EA

Taxes are fees or charges imposed by the federal and state agencies on its citizens and businesses based upon transactions (income, sale or transfers) or property value to finance government activities. It is the duty of a citizens and businesses to pay and file taxes and because various tax laws and codes can be difficult to understand, people often look out for tax help when the tax time rolls around. When faced with huge fines and fees on taxes owed, you really should seek tax help and appeal to the IRS, FTB, EDD, CDTFA, BOE with resolution solutions right for you. Owing back taxes is stressful and can negatively affect every aspect of your life. The crux of the matter is not knowing what may or will happen to you once the IRS has total control over the situation and your assets. As intimidating and scary as the IRS may seem, you do have rights as a taxpayer to seek help and representation and you should not let your rights be trampled or violated. By obtaining tax help from a reputable professional, EA, attorney, or CPA for your back taxes, audits, and appeal, you can be assured you won’t be taken advantage of.

Get a free case evaluation at 877-788-2937.

Getting Help When Facing 941 Employment Tax Problems – A Guide on IRS Help

January 11, 2016 | Mike Habib, EA

If you are seeking IRS Help because you are facing tax problems, then you are at the right place. We are a tax representation firm and can assist you with things like 941 payroll tax, unfiled tax returns, back taxes, audits and even help you avoid or release tax levies and liens.

PAYROLL TAXES SHOULD BE A TOP BUSINESS PRIORITY

August 18, 2015 | Mike Habib, EA

WHY KEEPING CURRENT ON PAYROLL TAXES SHOULD BE A TOP BUSINESS PRIORITY

BY STEVEN V. MELNIK

STEVEN V. MELNIK, J.D., LL.M. (Tax), CPA, is an associate professor of tax law and the academic director of the graduate and undergraduate tax areas at Baruch College, CUNY in New York City. He is licensed to practice law in New York and New Jersey, and has more than 15 years experience helping individuals and businesses with tax, asset protection, and estate planning matters. This article is an adapted version of a chapter from his best-selling book, Tax Relief and Resolution: The Ultimate Guide to Paying Less to the IRS Starting Now (Flamenco Press, 2014).

A business is responsible for ensuring that taxes withheld from its W-2 employees’ payroll checks are paid. As an employer, a business is also liable for Social Security and Medicare payments and taxes and its employees’ contribution to these taxes. Staying current with payroll taxes should be a top priority for all businesses.

How Does IRS Tax Settlement Work and How to Settle the Taxes you Owe

July 12, 2015 | Mike Habib, EA

When a taxpayer decides to resolve and pay back the owed amount using any one of the IRS payment programs/filings/settlements, it is called a tax settlement. Internal Revenue Service or IRS offers a tax settlement if the concerned taxpayer is struggling to pay back the tax debts or if there is a valid reason to nullify the penalties. In fact, the IRS offers more than one way for taxpayers to settle their tax debts. While the debate about whether you will get a settlement or not depends upon your financial situation, the type of settlement you will be allowed to opt for is dependent on the severity of your monetary and financial situation / troubles. Even though the IRS prefers that every individual or business pays his/her taxes completely, they can make some exceptions if the situation arises.