Tax Relief Blog

Getting Tax Relief Help

October 6, 2009 | Mike Habib, EA

Even when you’re really careful about filing your income tax returns, something’s always bound to go wrong when you least expect it. It’s not uncommon to find even the most discerning and meticulous individuals and businesses to find themselves searching for tax relief assistance to get themselves out of their tax problems. The key is to obtaining efficient debt settlement help so you don’t have to spend most of your time trying to talk the IRS into hearing your side.

Correcting an employment Tax Return

September 30, 2009 | Mike Habib, EA

The Correct “Process” for Correcting an employment Tax Return

Mike Habib, EA

Even the best of us can make a mistake on a quarterly Form 941 (or on a Form W-2, which often creates an error on the 941). The IRS has introduced a new form for correcting the dollar amounts on a previously filed 941: Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund.

Interest expense deduction of foreign corporations

September 29, 2009 | Mike Habib, EA

Interest expense deduction of foreign corporations

Mike Habib, EA

TD-9465, provides final regulations under section 882(c) of the Internal Revenue Code (Code) concerning the determination of the interest expense deduction of foreign corporations engaged in a trade or business within the United States. These final regulations conform the interest expense rules to recent U.S. Income Tax Treaty agreements and adopt other changes to improve compliance.

IRS Issues Guidance on 2009 Required Minimum Distribution Waiver

September 29, 2009 | Mike Habib, EA

IRS Issues Guidance on 2009 Required Minimum Distribution Waiver

Mike Habib, EA

The Internal Revenue Service today provided guidance for retirement plan administrators, plan participants and retirees regarding recent legislation affecting required minimum distributions. The Worker, Retiree, and Employer Recovery Act of 2008 waives required minimum distributions for 2009 from certain retirement plans.

Cash IS Taxable

September 29, 2009 | Mike Habib, EA

Cash IS Taxable

Law school grad turned call girl Cristina Warthen under house arrest after cheating the Government

Source: NY Daily News

Tax Relief Services for Union Members

September 21, 2009 | Mike Habib, EA

Tax Relief Services for Union Members

We represent Union members before the IRS and their respective States in regards to tax matters such as back taxes, tax problem resolution, stopping wage garnishments, tax relief services, and IRS tax audits.

If you are a Union member of any of the following organizations and currently experiencing a tax problem, you will get a special discount on our trusted Union member all-inclusive tax relief services.

IRS to Audit 6,000 Companies

September 21, 2009 | Mike Habib, EA

IRS to Audit 6,000 Companies to Test Employment Tax Compliance

Source: Bloomberg

By Ryan J. Donmoyer

Tax Relief Second Opinion

September 18, 2009 | Mike Habib, EA

Thinking of hiring a $5000 tax attorney?

HOLD IT.

If you do not qualify for an IRS Offer in Compromise, an attorney CANNOT help you.

Back taxes shutters CA Restaurant

September 18, 2009 | Mike Habib, EA

Back taxes shutters Jack in the Box

Source: Mercury-Register

A state tax dispute is behind the sudden Jack in the Box closures Thursday.

CA FTB Corporate Back Taxes

September 15, 2009 | Mike Habib, EA

California – Corporate Income Tax: FTB Has Begun Contacting Return Nonfilers for 2007

The California Franchise Tax Board (FTB) has begun contacting more than 35,000 companies that did business in California in 2007, but failed to file a California corporation franchise or income tax return for that year. Businesses contacted by the FTB will have 30 days to file their delinquent tax return or show why one is not due. If no such action is taken, the FTB will issue a tax assessment that may include penalties and fees.

The FTB annually reviews more than 5 million income records from government agencies and financial institutions, and matches them against tax records filed to determine whether some businesses have yet to file. Businesses receiving notices from the FTB may obtain more information by calling the FTB at 866-204-7902. Callers should be prepared to provide their 15-digit notice number.