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 call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to [...]
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Taxpayer Advocate Report
10 Jul
Posted by Mike Habib, EA as IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Payroll Tax Problems, Tax Controversy, Tax Help, Tax Relief
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Tax Problems are problems related to Taxation and most prominent is Income taxation. It affects natural persons – individuals or people and juridical persons – companies, corporation and other legal entities. Tax problems begins from the time you start earning for a living and receiving income or making profits, every time you spend [...]
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Christian IRS Tax help means reliable and professional help by a Christian tax professional. It is correlated with real solutions to IRS or State tax problems of a taxpayer with unpaid back taxes. Most people avoid this topic while others ignite upon hearing IRS or TAX. [...]
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IRS Offers Tax Help to Oil Spill Victims
SOURCE: WEBCPA
The Internal Revenue Service has issued guidance to individuals and businesses affected by the oil spill in the Gulf of Mexico and announced new efforts to help affected taxpayers, including a special Gulf Coast Assistance Day on July 17.
“This is a very difficult time for [...]
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Payroll Tax Problems 941 / 940 – Unpaid employment tax relief
The 941 Payroll Tax problem is businesses’ tax problem concerning their payroll. Before understanding what a 941 payroll tax problem is, it is important to know what it is. There are three (3) main types of taxes falling under the category of [...]
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Tax Relief – Get tax debt relief today
19 Jun
Posted by admin as IRS Audits, IRS Federal Tax Lien, IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Payroll Tax Problems, Penalty Abatement, Tax Controversy, Tax Help, Tax Relief, Unfiled Tax Returns, Wage Garnishment, Wage Levy
Tax Relief – Get tax debt relief today
Reasonable Cause/Good Faith Defense: Even if the taxpayer did not have substantial authority for a position and failed to make adequate disclosure, the substantial understatement penalty does not apply if the taxpayer had reasonable cause for the tax underpayment and acted in good faith [...]
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Having Unfiled Tax Returns and need Help?
08 Jun
Posted by Mike Habib, EA as Back Taxes, IRS Problem, IRS Tax Help, Past Due Tax Returns, Tax Controversy, Tax Planning, Tax Relief, Unfiled Tax Returns
Having Unfiled Tax Returns and need Help?
Taxpayers with unfiled tax returns can invite a lot of problems. The famous IRS has coined ten years for the collection of taxes that are owed. If the return for owed taxes was filed ten years ago, the [...]
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Back Taxes – How to get tax resolution
When one is undergoing financial problems and above all a number of tax bills that are due, the first thing that crosses ones mind is how to settle back taxes. Burden of tax debt is a complicated issue. This [...]
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A 401(k) plan permits participants to receive hardship distributions. The distributions, however, do not satisfy the plan provisions relating to hardship distributions.
Example: George is the 100% owner of the George Company. The company sponsors a 401(k) plan which provides [...]
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Tax Lien – How to handle an IRS federal tax Lien
A tax lien is a civil action filed in court of the county where a person resides or a business operates by a government agency particularly the Internal Revenue Service. IRS is seeking [...]
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Up to 1.2M Tax Returns May Have Used Stolen IDs
SOURCE: WebCPA
An estimated 1.2 million tax returns filed in 2007 reported wages earned by taxpayers who used another taxpayer’s Social Security number, according to a new government report.
Many tax returns are filed by individuals who have used another person’s name and Social Security number at [...]
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Back Tax Help
23 Apr
Posted by admin as Back Taxes, Bank Levy, IRS Audits, IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Payroll Tax Problems, Tax Controversy, Tax Help, Tax Relief, Unfiled Tax Returns, Wage Garnishment, Wage Levy
Mike Habib, EA 1-877-788-2937
The following examples of Nonfiler investigations are excerpts from public record documents on file in the court records in the judicial district in which the cases were prosecuted.Back taxes, [...]
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How To Choose A Tax Relief Company
By Mike Habib, EA at 1-877-788-2937
Choosing a reliable and reputable tax relief company is a daunting task. The reality is that many tax problems are better handled and resolved with a tax professional who knows [...]
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IRS Problem Solver
17 Apr
Posted by admin as Bank Levy, IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Payroll Tax Problems, Tax Controversy, Tax Help, Tax Relief, Wage Garnishment, Wage Levy
IRS Problem Solver – Solutions to tax problems
Tax relief expert and IRS Problem Solver, Mike Habib, states that taxation doesn’t have to be taxing! Your right to deal with the IRS by yourself carries the right to hire [...]
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Are you having problems with settling all your tax debts? If so, you might want to avail of any of the tax relief programs provided for by the IRS. A tax relief is a negotiated solution to your tax problem [...]
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2010 Tax Help
12 Apr
Posted by admin as IRS Audits, IRS Problem, IRS Tax Help, IRS Tax Penalties, Offer In Compromise - OIC, Past Due Tax Returns, Tax Controversy, Tax Help, Tax Planning, Tax Relief, Unfiled Tax Returns
Important tax developments in the first quarter of 2010
While the new law tax changes in the health reform legislation and the hiring legislation were the most significant developments in the first quarter of 2010, many other tax developments may affect you, your [...]
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Health Reform Law to Spawn More Tax Men?
IRS Says It Needs More ‘Resources’ to Implement Tax Provisions of New Law
SOURCE: ABC
By DEVIN DWYER
Ask critics of the Democrats’ health care overhaul about the law’s impact, and among the “horrors” they may describe is an army of Internal Revenue Service agents with “dangerously expanded authority.”
Republicans on [...]
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Tax changes affecting individuals in the 2010 health reform legislation
26 Mar
Posted by admin as Tax Help, Tax Planning, Tax Relief
Tax changes affecting individuals in the 2010 health reform legislation
I’m writing to give you a brief overview of the key tax changes affecting individuals in the recently enacted health reform legislation. Please call our offices for details of [...]
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IRS unveils 2010 list of tax scams — the Dirty Dozen
IRS has unveiled its latest list of notorious tax scams, which it calls the “Dirty Dozen”. The IRS highlighted tax schemes involving phishing, hiding income offshore and false claims of refunds. IRS warns [...]
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Tax Debt Settlement Help
10 Mar
Posted by admin as IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Tax Controversy, Tax Help, Tax Relief
Tax debt settlement help – get reliable tax relief
If you find yourself unable [...]
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Tax Attorney - Get the power of attorney for tax representation
A tax relief attorney may represent taxpayers with a tax deficiency, which is the excess of the correct tax liability over the tax shown on the taxpayer’s return plus amounts previously assessed (or collected without assessment) as a [...]
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Trust Taxation Rules
24 Feb
Posted by admin as IRS Problem, IRS Tax Help, Tax Planning, Tax Relief, trust
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Senate Finance Committee members Ron Wyden, D-Ore., and Judd Gregg, R-N.H., on February 23 unveiled a broad tax reform proposal that they say would create a simpler and fairer system by lowering tax rates and eliminating narrow tax breaks that benefit special interests. The plan would also [...]
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IRD – Income In Respect of a Decedent
22 Feb
Posted by admin as IRS Tax Help, Tax Controversy, Tax Help, Tax Relief
IRD – Income In Respect of a Decedent
All income the decedent would have received had death not occurred that was not properly includible on the final tax return is income in respect of a decedent.
If the decedent is a specified terrorist victim (see Specified Terrorist [...]
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A. Joseph Stack crashes into IRS building
18 Feb
Posted by admin as IRS Problem, Tax Controversy, Tax Relief
Plane was crashed into Austin building by man angry at IRS, authorities say
A software engineer is presumed dead after flying his small plane into an office building. At least 13 people on the ground are injured and one is unaccounted for.
Source: LA Times
By Richard Fausset and Richard Serrano
Reporting [...]
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Entertainment Industry Income tax help
30 Jan
Posted by admin as IRS Audits, IRS Problem, Tax Help, Tax Relief
Entertainment Industry Income tax help
Every working Entertainer in the US is required to file his or her income tax returns on time and this means going through every receipt and transaction made throughout the previous year to make sure that everything is properly and accurately reported.
Unfortunately, filing your income tax [...]
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Remarks of IRS Commissioner Doug Shulman
29 Jan
Posted by admin as IRS Problem, IRS Tax Help, Tax Relief
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President Announces Middle-Class Tax Relief and Retirement Incentives
President Obama plans to propose a near doubling of the Child and Dependent Care Tax Credit for middle-income families earning under $85,000, establishment of a system of automatic 401(k) enrollments and simplifying and expanding the Saver’s Tax Credit. These initiatives will be included [...]
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IRS Announces Qualified Disaster Treatment for Haiti
The Internal Revenue Service today issued guidance that designates the earthquake in Haiti in January 2010 as a qualified disaster for federal tax purposes. The guidance allows recipients of qualified disaster relief payments to exclude those payments from income on their tax returns. Also, [...]
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SoCal Tax Help
07 Jan
Posted by Mike Habib, EA as Back Taxes, CA FTB, IRS Audits, IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Past Due Tax Returns, Payroll Tax Problems, Sales Tax Audit, Tax Controversy, Tax Help, Tax Relief, Wage Garnishment
Southern California Tax Relief Services
IRS tax Relief, FTB tax Relief, BOE tax Relief, EDD tax relief
At Mike Habib, EA, a SoCal tax firm, we understand that being notified that your tax return is being challenged by the IRS or the FTB can be scary. When you are faced with [...]
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National Taxpayer Advocate Annual Report
National Taxpayer Advocate Nina E. Olson today released her annual report to Congress, warning that increased demands on the IRS have eroded the agency’s ability to meet taxpayer service needs and expressing concern that IRS collection practices are harming financially struggling taxpayers without producing significant revenue gains.
In the preface to the [...]
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Tax Relief – Short List
Tax relief is a term that refers to providing tax problem resolution and relief from the fear and burden of the mounting tax liability. Tax relief is provided on a federal and state level.
Want tax relief?
There are several reasons on why [...]
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Tax Problems
24 Dec
Posted by Mike Habib, EA as IRS Problem, IRS Tax Help, Tax Controversy, Tax Help, Tax Relief, Unfiled Tax Returns, Wage Garnishment
Tax Problems – Tax Problem Resolution
When tax problems occur, it can be difficult to hide from the IRS. Being familiar with these tax problems allow you to recognize them as soon as they occur. Whether you are an individual or a business entity, make sure [...]
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IRS Tax Lien, How to release federal tax liens and levies
21 Dec
Posted by Mike Habib, EA as Back Taxes, IRS Federal Tax Lien, IRS Tax Help, Offer In Compromise - OIC, Payroll Tax Problems, Tax Controversy, Tax Help, Tax Relief, Wage Garnishment, Wage Levy
IRS Tax Lien – How to release federal tax liens and levies
Taxpayers have the right to appeal the IRS’ filing of a notice of a tax lien in the public record and petition for release. If filed in error, the IRS must release the lien and [...]
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IRS enforcement figures
17 Dec
Posted by Mike Habib, EA as Back Taxes, IRS Federal Tax Lien, IRS Problem, IRS Tax Help, Offer In Compromise - OIC, Past Due Tax Returns, Payroll Tax Problems, Tax Controversy, Tax Help, Tax Relief, Unfiled Tax Returns
Table 16. Delinquent Collection Activities, Fiscal Years 2005-2008
[Money amounts are in thousands of dollars.]
[...]
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IRS has filed $79,000 lien against Gov. Schwarzenegger, records show
SOURCE: Los Angeles Times
A spokesman for the governor says the matter is related to a paperwork discrepancy and has nothing to do with the payment of taxes.
By Michael Rothfeld
Reporting from Sacramento
The Internal Revenue Service has filed a federal tax lien against Gov. Arnold Schwarzenegger for [...]
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IRS Issues Final Regulations Governing Installment Agreements
The IRS has issued final regulations relating to the payment of tax liabilities through installment agreements. The regulations reflect changes to the law made by the Taxpayer Bill of Rights II (P.L. 104-168), the Internal Revenue Service Restructuring and Reform Act [...]
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Treasury / SBA Highlight Role of Tax Cuts During Small Business Financing Forum
US Treasury Secretary Timothy F. Geithner presided over the Small Business Financing Forum presented by the Treasury Department and the Small Business Administration (SBA) on November 18 in Washington, D.C. While the program was aimed at exploring financing [...]
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Source: Journal of Accountancy
President Barack Obama signed into law the Military Spouses Residency Relief Act (PL 111-97), which will ensure that the spouses of military personnel who move because their spouse is posted for military duty will be treated as not having [...]
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Effective Date of Regulations Under § 411(b)(5)(B)(i); Relief Under § 411(d)(6); and Notice to Pension Plan Participants
Announcement 2009-82
The Treasury Department and the Internal Revenue Service are announcing relief for sponsors of statutory hybrid plans that must amend the interest crediting rate in those plans. Plan sponsors may rely on this announcement pending publication of the [...]
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You incur IRS back taxes when you haven’t been filing your income tax returns religiously every year. Tax season can be a stressful time and there are a lot of people who tend [...]
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1-877-788-2937
If you failed to file your returns and the IRS is already calling your attention so you can pay for back taxes, you need to seek tax debt relief. These back taxes are derived from [...]
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The Internal Revenue Service recognizes that the loss of a job may create new tax issues. The IRS provides the following information to assist displaced workers.
> Severance pay and unemployment compensation are taxable. Payments for any accumulated [...]
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Bartering is the trading of one product or service for another. Usually there is no exchange of cash. Barter may take place on an informal one-on-one basis between individuals and businesses, or it can take place on a [...]
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IRS Commissioner Doug Shulman addressed the National Association of Corporate Directors Governance Conference
WASHINGTON — I realize that the IRS Commissioner has not customarily addressed the NACD’s corporate governance conference…but what I want to discuss with you this afternoon is the important role that boards of directors can play in overseeing tax risk and tax strategies [...]
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Married U.S. citizens residing in Canada were liable for the alternative minimum tax (AMT) because the amount of foreign tax credits they could claim was limited by Code Sec. 59(a)(2) (prior to repeal by the [...]
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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 call us at 1-877-788-2937 for more information about any of these developments and what steps you should implement to take advantage of favorable developments [...]
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1-877-788-2937
You’re going to need tax debt help if you’re one of the many taxpayers trying to contend with back taxes and tax debts amounting to more than $10,000. While there [...]
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Method Man Talks About Tax Evasion Arrest
WATCH IT! The IRS might be looking for you fo rback taxes too!
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