Tax Relief Blog

Facing Tax Problems: Your Path to Financial Freedom with Mike Habib, EA

September 1, 2023 | Mike Habib, EA

Life has a way of throwing us unexpected challenges, and for many individuals and businesses, tax problems are among the most daunting. The mere mention of “Tax Audits,” “Unpaid Back Taxes,” “Unfiled Tax Returns,” “941 Payroll Problems,” “Tax Levies,” and “Tax Liens” can send shivers down your spine. But here’s the good news – you’re not alone on this journey. In this article, we will utilize the power of persuasive language to empower you with the knowledge that Mike Habib, EA, can be your key to financial freedom, helping you navigate the treacherous waters of tax problems.

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IRS Wage Garnishment: Understanding the Reasons and Help to Release It

August 14, 2023 | Mike Habib, EA

Dealing with tax-related issues can be overwhelming, and one such issue is an IRS wage garnishment. An IRS wage garnishment, also known as a wage levy or wage attachment, is a legal action taken by the Internal Revenue Service (IRS) to collect unpaid taxes. This FAQ article aims to provide you with a comprehensive understanding of IRS wage garnishments, including the reasons for their issuance and the helpful steps you can take to release them.

Table of Contents

What is an IRS wage garnishment?
What are the reasons for an IRS wage garnishment?
How does the IRS initiate a wage garnishment?
How can you prevent an IRS wage garnishment?
What should you do if you receive an IRS wage garnishment notice?
Can you negotiate with the IRS to release a wage garnishment?
What are your rights when facing an IRS wage garnishment?
How can you release an IRS wage garnishment?
Contact the IRS immediately
Verify the accuracy of the garnishment
Request a release based on financial hardship
Pay the debt in full or negotiate a payment arrangement
File an appeal
Conclusion

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Navigating Tax Compliance Challenges in the Trucking Industry: How Our Tax Firm Can Guide You

August 1, 2023 | Mike Habib, EA

Trucking companies form the backbone of the transportation industry, ensuring that goods are delivered efficiently and promptly across the country. However, with the increasing complexity of tax regulations, many of these companies find themselves struggling to maintain tax compliance. Non-compliance can lead to severe penalties and financial setbacks, posing a significant threat to their operations. In this blog post, we will explore the common tax compliance challenges faced by trucking companies and highlight how our specialized tax firm can offer tailored solutions to help them overcome these hurdles.

Understanding the Tax Compliance Challenges

Trucking companies, both large and small, grapple with a myriad of tax compliance challenges that can easily overwhelm their financial resources and workforce. Some of the most common problems include:

Complex Reporting Requirements: Trucking companies must deal with a wide range of tax forms and reporting obligations, such as fuel taxes, highway use taxes, International Fuel Tax Agreement (IFTA) filings, and heavy vehicle use taxes (HVUT). The intricate nature of these requirements can easily lead to errors and omissions.

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Mastering Tax Planning: Proven Strategies to Minimize Your Tax Liabilities

July 17, 2023 | Mike Habib, EA

Tax planning is a vital aspect of financial management, both for individuals and businesses. It involves a proactive approach to legally reduce tax liabilities by optimizing financial decisions throughout the year. In this comprehensive guide, we will explore various tax planning techniques and strategies that can empower you to keep more of your hard-earned money while staying in full compliance with the tax laws.

ERC IRS Audit Representation: Your Comprehensive FAQ Guide

July 3, 2023 | Mike Habib, EA

ERC IRS Audit Representation: Your Comprehensive FAQ Guide

The Employee Retention Credit (ERC) has been a lifeline for many businesses during challenging times, providing substantial relief. However, with the IRS actively scrutinizing ERC claims, it’s crucial for businesses to understand their rights and options when facing an audit. In this FAQ article, we dive into the intricacies of ERC IRS audit representation, answering common questions and shedding light on the audit process, rights, and the importance of professional representation.

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Unveiling the Enrolled Agent: Unlocking the Realm of Tax Expertise and Services

June 23, 2023 | Mike Habib, EA

Tax matters can be complex and daunting, and navigating the ever-changing tax landscape can be a challenge. In such a scenario, having a qualified tax professional on your side is invaluable. The Enrolled Agent (EA) – a tax specialist authorized by the U.S. Department of Treasury to represent taxpayers before the Internal Revenue Service (IRS). In this article, we will delve into the world of enrolled agents, explore their role in tax services, and understand the vast array of expertise they bring to the table.

The Enrolled Agent: An Overview

An Enrolled Agent is a tax practitioner who is federally authorized to represent taxpayers before the IRS. To become an EA, one must either pass a rigorous three-part comprehensive examination administered by the IRS or have previous experience as an IRS employee. Enrolled Agents are empowered to represent individuals, businesses, estates, trusts, and any other entities in all matters related to tax, including audits, collections, and appeals.

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Demystifying the IRS Fresh Start Program: Your Help Guide

June 16, 2023 | Mike Habib, EA

Welcome to our comprehensive FAQ help guide on the IRS Fresh Start Program!

Widely advertised on TV, radio and internet.

Dealing with tax issues can be overwhelming, but the Fresh Start Program is designed to provide taxpayers with a second chance. In this article, we’ll answer your most pressing helpful questions about this initiative, explaining its purpose, eligibility requirements, benefits, and how to apply. Whether you’re struggling with back taxes or facing a hefty tax bill, the Fresh Start Program offers potential relief and a path towards financial stability. So, let’s dive in and shed light on this valuable program.

What is the IRS Fresh Start Program?
The IRS Fresh Start Program is an initiative introduced by the Internal Revenue Service (IRS) to assist taxpayers who are struggling to meet their tax obligations. It aims to provide relief to individuals and small businesses by offering them manageable payment plans and tax debt resolution options. The program encompasses various provisions, including the Fresh Start Installment Agreement, Offer in Compromise, and Penalty Relief.

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IRS Letter 1058 (LT11): Your Help Guide to Understanding and Responding

June 9, 2023 | Mike Habib, EA

I have to start by stating that this “Final Notice notice of intent to levy and notice of your rights to a hearing, please respond immediately” is one of the most important and urgent IRS notice a taxpayer may receive, and although it is so important as it would lead to levying your bank accounts, paychecks etc., many taxpayers unintentionally ignore it. You MUST attend to this Final levy notice right away as it comes with rights to appeal and resolve your unresolved tax debt. Learn more about CDP collection due process and form 12153.

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Tax Problems and how to resolve them – IRS-FTB-EDD-CDTFA

June 1, 2023 | Mike Habib, EA

Tax problems can be a nightmare for individuals and businesses. It can cause stress, anxiety, and even serious seizure issues if not handled correctly. Tax audits, unpaid back taxes, and unfiled tax returns are just some of the most common tax-related issues that can arise. While dealing with these problems on your own can be overwhelming, hiring a professional tax firm can provide you with a peace of mind and efficient resolution.

What is an IRS CP14 notice? Help options for balance due for unpaid taxes

May 24, 2023 | Mike Habib, EA

What is an IRS CP14 notice?

An IRS CP14 notice is a letter sent to taxpayers who owe money to the IRS. The notice will state the amount of tax due, as well as interest and penalties. The IRS will also provide instructions on how to pay the amount due.

What does the IRS CP14 notice look like?

The IRS CP14 notice is a white letter with a blue header. The letter will be addressed to the taxpayer and will include the taxpayer’s Social Security number or taxpayer identification number. The notice will also include the following information:

The amount of tax due
The amount of interest and penalties
The due date for payment
Instructions on how to pay