Wednesday 22nd of November 2017 6:31:20 PM

Posts Tagged ‘tax debt help’

  • Highway Use Tax Coming Up

    Monday 26th of August 2013 11:33:50 AM

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    If you are a the owner/operator for a commercial vehicle weighing greater than 55,000 lbs then you should know by now that the Highway Use Tax is due on September 3.   This gives tax payers an additional 3 days to pay the tax.  Normally it would have been due on August 31 but since that falls on a Saturday the IRS has allowed for an additional 3 day extension with no penalty.

    The form to be used in this case is FORM 2290.  Although tax payers have the option to manually fill out the form and mail it in, the IRS encourages tax payers to submit it electronically.  Also, if you are reporting more than 25 vehicles at once it is mandatory that you do e-file.

    To read more about this story visit the IRS at http://www.irs.gov/uac/Newsroom/Reminder:-For-Most-Truckers,-Highway-Use-Tax-Return-Due-Sept.-3

  • 911 Tax Relief Releases NEW National Commercial!

    Friday 23rd of August 2013 10:34:07 AM

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    911 Tax Relief Releases NEW National Commercial!

    You can view the new commercial HERE!

    As always 911 Tax Relief has helped clients save millions of dollars on IRS and State tax debt.  You can get a FREE tax debt evaluation by calling 1-866-499-1156 or visiting www.911TaxRelief.com!

  • Sales Tax Holidays Coming Up

    Friday 26th of July 2013 3:45:30 PM

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    Many states will soon be having their sales tax holidays. During these particular days sales tax will not be imposed on purchases. Yes, that means what you see on the sales tag is what you will pay, no more.  The best part, if you are planning on back-to-school shopping, wait until August because most states’ sale tax holiday begin then!

    Here is a list of all the states’ sales tax holiday dates. Unfortunately not all states honor a sales tax holiday! If you are lucky enough to live in one of the listed states then take advantage!

     

  • IRS Cancels Furlough Day

    Monday 22nd of July 2013 10:47:57 AM

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    Finally some good news for IRS employees; The IRS will be cancelling the previously scheduled furlough day for July 22. The reason for the cancelled furlough day is because the continued effort to cut costs has been successful.

    Consequentially, all IRS offices including help lines will be open as regularly scheduled and all IRS employees will be paid for July 22, 2013.  This includes the employees of the Taxpayer Advocate Service.

    The IRS urges to use their online services to answer common question such as “Where is my Refund?”

    For more information about this and other IRS news you may visit http://www.irs.gov/News-&-Events

  • IRS Issues Reminder To Victims of Boston Marathon Explosions

    Thursday 11th of July 2013 4:31:11 PM

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    To those US tax payers that were affected by the Boston Marathon Explosions a reminder is issued from the IRS that you have until Monday, July 15, to file and pay your US income taxes.

    If you should need additional time you may file for an extension with Form 4868 and you must pay your taxes by October 15, 2013 with .

    Keep in mind that regardless of the reason for the extension that penalties may accrue on your tax liability.  To read more about this story you may visit the IRS website.

  • Goodbye DOMA, Hello Tax Refund!

    Friday 28th of June 2013 10:44:34 AM

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    This week has been monumental for same sex marriages with the abolition of DOMA ( Defense of Marriage Act). The federal government will now recognize same sex marriage as well as welcome the unions to joint taxes, retirement, estate and employee benefits.

    Due to the ruling finding DOMA unconstitutional gay/lesbian couples may now take another look at their already filed tax returns. Thanks to the Supreme Court ruling same sex couples might have the opportunity to amend their US tax returns, provided they live in states that recognize same sex marriages! That means that nearly 100,000 tax returns may need to be amended!

    Same sex couples are waiting for guidance from the IRS. They are looking for answers as to how to proceed.  Currently the IRS defines a married couple as “husband and wife.”  There is question as to whether that term will be adjusted due to the legalization of same sex marriages.

    See More….

    Reuters

    USA Today

    CS Monitor

  • IRS Releases a 3-Part Report to Fix Tax Exempt Applications

    Tuesday 25th of June 2013 11:13:52 AM

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    In Washington on June 24, 2013-Danny Werfel, Internal Revenue Service Principal Deputy Commissioner, releases a 3-part report describing the actions to fix issues that were discovered throughout the IRS’ review of tax exempt applications.  The report also describes how the applications will be improved and how it will smooth the processes at the IRS.

    Werfel said “It is critical that the IRS takes steps to ensure accountability, address the problems uncovered in recent weeks and improve the operations of the IRS to continue to carry out our critical mission on behalf of the public,” and “We have made a number of changes already, more are in the works and even more will develop as we move forward.”

    To read the full story, please visit the IRS website.

     

  • Update on Bush Tax Cuts

    Friday 12th of October 2012 4:53:27 PM

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    Obama’s tax plan to expire the Bush tax cuts for top earners in 2013 opened a lot of controversies in the country. Talks about this issue crossed the doors of Republican and Democrat as it is now a national concern.

    The Bush tax cuts helped a lot of taxpayers in facing the economic crisis. This tax cut became an additional way for taxpayers to settle their difficulties in paying their taxes besides aiming for IRS tax relief. Investopedia.com even defined Bush tax cuts as a temporary income tax relief that lowers federal income tax rate, capital gains tax, rate on dividend income; decreases marriage penalty; increases child tax credit; eliminates estate tax, phase out on personal exemptions for higher income taxpayer, and itemized deductions.

    However, since Bush tax cuts run temporarily, it is still bound to end. With Obama’s plan to expire it by next year, many are not in favor due to the occurrence of higher taxes leading to the slowdown of economic growth and stiff work incentives. On the other hand those who want to end Bush tax cuts, see it as way to provide for the government’s massive budget deficits brought by the recession.

    source: money.cnn.com

     

     

     

  • Safeguard Your Tax Returns

    Saturday 06th of October 2012 5:52:52 PM

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    Not many are aware that safeguarding their tax returns is a way to avoid income tax debt.  Here are some examples on how it can be done:

    1. Comparing your pay stubs with your W-2 can avoid discrepancy in your tax return.
    2. Keeping a record of your tax filing forms and other important document used in tax returns for at least 3 years will save you in IRS tax audit. » Read More

  • IRS Tax Problems

    Thursday 01st of December 2011 6:39:22 PM

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    Tax Problems?
    Millions of Americans today owe back taxes to the IRS. Unfortunately, when you owe back taxes regardless of the amount, the IRS will eventually put you into collections which starts with letters and leads to wage garnishments, bank levies, liens and so fourth. Once IRS issues get this far, you need help (or if it has not got to this point be proactive and seek help).

    Again from the IRS imposing tax liens to bank levies, wage garnishments to the IRS closing your business (if you are a business owner and / or seizure of your assets. The IRS is powerful at collections and has lot’s of collection tools that in many cases destroy individual, business and family finances. The good news is taxpayers also have a tremendous amount of tax resolution tools should you decide to exercise your rights. With the help of a tax resolution professional, you can keep the devastating effects from the IRS to a minimum and delay processes as needed. Here at 911 Tax Relief we feel it is our job to help you explore your options by listening and understanding your unique tax and current financial situation.

    » Read More

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