Tax Relief BlogMillions of Americans suffer from a very common malady known as tax problems. Although it can be treated, many choose to ignore it, resulting in disastrous consequences. Blaming the IRS does little to change the situation. However, most tax problems can be resolved in a systematic manner should an individual or business taxpayer choose to do so. If you are one of those who are in trouble due to your taxes, seek for an IRS tax problem resolution immediately. Call us at 877-788-2937.
Articles Posted in Tax Resolution Services
Move from Tax Masters to Real IRS Tax Relief: Former Clients Help
Tax Masters, best known for their ‘innovative’ TV advertisements, promising tax relief to customers has filed for BK bankruptcy in Texas. For clients and or former clients of the company, no doubt, this is a tough time. But it is best to look at this development positively because now you will no longer be taken for a ride by the company’s CEO or their smooth talking sales people.
It is also the best time to hire the services of a reliable, licensed and professional tax representation firm that can provide real IRS tax relief for you such as Mike Habib, EA at www.myirstaxrelief.com
Brooklyn, NY IRS tax help: Tax relief and tax problem resolution audit attorney Kings County, NY
Taxpayers in Brooklyn, New York and Kings county can get IRS tax help, tax relief, tax problem resolution, 941 employment payroll tax help, and IRS tax audit help by calling 877-788-2937.
IRS office serving Brooklyn, NY is located at 625 Fulton St., Brooklyn, NY 11201
Payroll Tax Help – Keep That Business Running
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.
Tax Relief Attorney: specialist in tax relief resolution
Most taxpayers assume that they need a tax attorney or a tax lawyer to respond to an IRS notice or letter. Taxpayers with tax problems should consider EAs (Enrolled Agents) who specialize in tax relief and tax problem resolution.
Looking for a tax relief attorney? Our firm is headed by Mike Habib, he is an EA who specializes in tax relief and can resolve your tax problems such as releasing tax levies, stopping wage garnishments, IRS audit representation, 941 payroll tax matters, etc. Tax attorneys and criminal lawyers should be considered by the taxpayers facing criminal charges. The vast majority of tax problems in need of tax relief are civil matters, and our firm can represent you before all administrative levels of the IRS. You will need a tax criminal attorney if you’ve been visited by a criminal or special agent.
Tax Problem Help – IRS tax resolution services
Are you looking for tax problem help? As we all know, the American economy is still stagnant and depressed, 2011 has been the toughest year for most individual and business taxpayers seeking tax problem help. Unemployment is still high, family incomes are lower, business income is slashed and retirement savings have significantly declined and the reality is many taxpayers are struggling to make ends meet. The American government has provided a variety of tax resolution programs to help you resolve your tax problem, and I urged you to take advantage of these tax relief options as well as other strategies to resolve your tax problem and get peace of mind.
IRS Tax Relief Services: 2011 Q1 IRS tax developments
The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please contact 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.
IRS has issued detailed guidance on the 2010 Tax Relief Act’s 100% bonus depreciation rules for qualifying new property generally acquired and placed in service after Sept. 8, 2010 and before Jan. 1, 2012. Overall, the rules are quite generous. For example, they permit 100% bonus depreciation for components where work on a larger self-constructed property began before Sept. 9, 2010, allow a taxpayer to elect to “step down” from 100% to 50% bonus depreciation for property placed in service in a tax year that includes Sept. 9, 2010, permit 100% bonus depreciation for qualified restaurant property or qualified retail improvement property that also meets the definition of qualified leasehold improvement property, and provide an escape hatch for some business car owners who would otherwise be subject to a draconian depreciation result.
Under the 2010 Tax Relief Act, a taxpayer that buys and places in service a new heavy SUV after Sept. 8, 2010 and before Jan. 1, 2012, and uses it 100% for business, may write off its entire cost in the placed-in-service year. A heavy SUV is one with a GVW rating of more than 6,000 pounds.
Payroll tax problems resolution: 941 tax relief for payroll taxes
Help with IRS Payroll Tax Problems
If you own or manage a business (sole proprietor, partnership, or corporation) and pay employees, you will have to deal with 941 and 940 payroll taxes (employment taxes). Social Security, Medicare and income tax withholding from employee paychecks is just part of normal business operations. If you fail to file and pay your 941 payroll taxes then you are guaranteed to get in trouble with the IRS and the other state agencies such as EDD. This usually leads to additional stiff IRS penalties and larger tax debt, and may also be considered by the IRS a federal crime.
Back taxes help: tax levy relief for IRS tax problems
Do you owe unpaid back taxes? There are tax relief solutions to your IRS tax problems.
The IRS could file a federal tax lien to protect the US government from the back taxes owed by the taxpayer. Although the federal IRS tax lien attaches to all the taxpayer’s property, some property is exempt from the IRS levy. The following items could be exempt from levy to some extent:
(1) wearing apparel and school books,
Tax resolution services by Mike Habib, EA 877-788-2937
You recently asked what will happen and what you should do in the event that you cannot pay your taxes on time. First and most importantly, don’t let your inability to pay your tax liability in full keep you from filing your tax return properly and on time. It is also important to remember that an extension of time to file your tax return doesn’t also extend the time to pay your tax bill. Get tax resolution services at 877-788-2937.
Even if you can’t make full payment of your liabilities, timely filing your return and making the largest partial payment you can will save you substantial amounts in interest and penalties. Additionally, there are procedures for requesting payment extensions and installment payment arrangements which will keep the IRS from instituting its collection process (liens, property seizures, etc.) against you. Get tax resolution services at 877-788-2937.
Overview of the most common penalties. The “failure to file” penalty accrues at the rate of 5% per month or part of a month (to a maximum of 25%, reached after five months) on the amount of tax your return should show you owe. The “failure to pay” penalty is gentler, accruing at the rate of only 0.5% per month or part of a month (to a maximum of 25% reached after fifty months) on the amount actually shown as due on the return. If both apply, the failure to file penalty drops to 4.5% per month, so the total combined penalty remains at 5%–thus, the maximum combined penalty for the first five months is 25%. Thereafter, the failure to pay penalty can continue at 0.5% per month for 45 more months, yielding an additional 22.5%. In total, these combined penalties can reach 47.5% of your unpaid liability in less than five years.
