Monday 25th of September 2017 7:03:49 PM

Posts Tagged ‘tax troubles’

  • IRS Opens Online Registration for FATCA

    Wednesday 21st of August 2013 4:45:39 PM

    0

    The IRS has officially opened the online registration for the Foreign Account Tax Compliance Act (FATCA).

    The system was designed for financial institutes that are required to register with the IRS to meet FATCA responsibilities.

    The application is a web based service with 24 hour accessibility.

    Starting in January 2014 the IRS expects all financial institutions to be registered with this application.

    For the full story you can visit http://www.irs.gov/uac/Newsroom/IRS-Opens-Online-FATCA-Registration-System

  • Tips for Common Tax Issues

    Monday 08th of July 2013 3:29:18 PM

    0
    • Did you miss the April 15 deadline to turn in your taxes?  The IRS has all kinds of tips in the event that this occurs, you can read more HERE.
    • If you are looking for Summer Tax Tips you can visit the IRS website or click here.
    • Do you feel like you are victim of identity theft?  The IRS can help you here
    • If you need help filing your US taxes while traveling abroad please click here.
    • Forgot your Electronic Filing Pin? Get help here.

  • Goodbye DOMA, Hello Tax Refund!

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

    0

    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

  • Don’t Fall Prey to Tax Scams – IRS Tax Tips

    Monday 07th of November 2011 4:38:08 PM

    0

    Annually, the IRS classify a list of common tax scams called the “dirty dozen.” The IRS attempts to educate taxpayers about the scams that can end up causing them great financial harm and future stress. The list will serve as their reminders for their taxpayers to be very careful in handling their own tax return. Be guided with an old saying – “If it seems too good to be true, it probably is.”

    » Read More

  • Tax Preparer Policy Changes

    Wednesday 05th of October 2011 7:23:25 PM

    1

    As always, there are upcoming changes but this change is focusing on the Tax Preparers.

    Beginning next year, the IRS will impose an annual requirement of 15 hours of competency training as part of its continuous education program for tax preparers. However, this month the IRS will start setting competency tests for lot’s of tax preparers across the country. This test will be a 120 question test, with a 2 hour limit. Many people feel this will help tighten up the tax preparation industry.

    » Read More

  • IRS Wage Garnishment “What Do You Do”

    Wednesday 21st of September 2011 10:40:14 PM

    0

    1st – DON’T PANIC BUT TAKE ACTION IMMEDIATELY!!!
    2nd – Read this blog and contact us or another reputable firm.

    Having an active IRS Wage Garnishment can be devastating financially and emotionally. Our firm 911 Tax Relief deals with individuals and businesses weekly that ask us “how can I get out of this terrible situation”.

    Although there is not a one size fits all answer to that question, the basic answer is this. Let’s talk about your tax issue, so we can better understand why the IRS is garnishing you (your husband or both).

    You see, without completely understanding what is going on and why the IRS has taken such aggressive action, it is difficult to figure out the best solution. Once we discuss your tax situation with you, we will know exactly what is needed for us to negotiate with the IRS and get the garnishment lifted.

    In most cases after our initial conversation we can move quickly and have and order to stop the garnishment in your employers hand within 72 hours. The main thing to remember is you need to take action immediately, the longer you wait the more difficult it can become to lift a wage garnishment.

    Also keep in mind, if you have tax years that have not been filed, we are going to need to file those ASAP to get you into compliance so be prepared.

    Finally, if you have not yet been garnished but have a notice of garnishment. Pick up the phone and call us 1-866-499-1156 or send us a message directly from our website 911taxrelief.com.

    We are here to answer your questions and help any way possible.

  • Tax Toubles 101!

    Tuesday 02nd of August 2011 11:43:46 PM

    0

    So, if you have a tax issue with the IRS, State or both you are not alone. In fact 1 in 10 people have a tax problem in the United States today. The most important thing I always tell my clients is to take a deep breath, there is a solution for all tax issues. Now, the solution will vary, there is not a cookie cutter solution for all. Many things need to be considered when dealing with a tax problem and here at 911 Tax Relief, we take the time to get the details before explaining your options.

    The main thing to remember if you find yourself in trouble with the IRS, State or both is to not freak out and start talking to a tax representation firm immediately. The absolute worst thing you can do is ignore the issue, this will only lead to aggressive collection actions.

    The first step in resolving a tax issue with the IRS / State is to understand what your options are and the possible consequences for not dealing with it. Too many times I have clients frantically calling me because they have procrastinated dealing with their tax issues and now they are suffering the consequences. Their bank account was just levied, they are getting garnished, a revenue officer showed up to their job etc. All of these issues are 100% avoidable if you do the responsible thing and deal with the problem. You might be surprised what you qualify for.

    You have the right to representation however, it is up to you to exercise your rights. Taxes are very complicated, confusing and technical, this is why it makes sense to consult a tax representation firm.