Wednesday 22nd of November 2017 6:35:59 PM

Posts Tagged ‘wage garnishments’

  • Irs Announces New Deputy Commissioner for Services and Enforcement

    Thursday 29th of August 2013 1:10:38 PM

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    Danny Werfel, IRS Acting Commissioner, announces that former IRS exec John M.  Dalrymple is now the new Deputy Commissioner for Services and Enforcement.

    “This is a critical leadership position for the IRS touching on everything from taxpayer service to tax enforcement issues,” Werfel said. “During John’s three decades at the IRS, he gained a wealth of first-hand expertise and experience in areas he will be leading. His insight and knowledge of the IRS will be an asset to help keep our core tax operations running smoothly.”

    Read More…

  • 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!

  • Real Housewives of Tax Evasion

    Tuesday 30th of July 2013 12:21:16 PM

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    Seems as though celebrities can’t keep themselves away from the spotlight even if it means being indicted on 39 counts of fraud and tax evasion.

    This morning in New Jersey, ‘Real Housewives of New Jersy’ stars Teresa and Joe Giudice were set free on a combined $1Million bond after Judge Cathy Waldor indicted them on fraud charges.

    Neither Joe or Teresa are allowed to leave the country or even travel past New York and New Jersey. To ensure this Judge Cathy Waldor ordered them to give up their passports!

    Forty-one year old Teresa her 43-year-old husband are accused falsifying their income in order to obtain several loans. This occurred prior to the reality TV show in 2009.  They also falsified financial records when filing a bankruptcy.

    To read more about this story see http://www.nydailynews.com/entertainment/gossip/real-housewives-stars-court-article-1.1412468

  • IRA Withdrawal; Taxed or Not Taxed?

    Friday 12th of July 2013 2:23:09 PM

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    Generally withdrawals from IRAs (individual retirement accounts) as well as other tax deffered retirement plans are in fact taxable by the federal government. You should also expect to pay state income taxes on these withdrawals. The only exceptions would be if you reside in one of the seven states that do not impose state income taxes. The following would be those seven states: Alaska, Florida, Nevada, South Dakota, Texas, Washington state and Wyoming.

    Luckily that is not always the case.  As reported by Market Watch of the Wall Street Journal “Some states don’t tax retirement-account withdrawals at all, and others exempt a portion from taxation, sometimes only for retirees above a certain age or with income below certain thresholds. It generally depends on the state you live in when you take the distributions, but it can get confusing.” Read the full story here.

  • 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.

     

  • The IRS Can Increase Collections By Reducing the Time Between Balance Due Notices

    Tuesday 08th of November 2011 11:32:02 PM

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    WASHINGTON — The Internal Revenue Service (IRS) could potentially collect additional revenue each year by reducing the time elapsed between notices it sends to taxpayers who owe taxes, the Treasury Inspector General for Tax Administration (TIGTA) concluded in a report publicly released today.

    The IRS sends a series of balance due notices to taxpayers with unpaid tax liabilities. TIGTA determined that the first notice was the most effective notice by a wide margin because the first notice closed the most cases, collected the most money, and generated the most taxpayer responses.

    » Read More

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

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

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    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

  • High Dollar Cases Are Going to the Field: Meaning More Scrutiny, Aggressive Collections and Quicker Resolution

    Wednesday 02nd of November 2011 6:00:05 PM

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    This is HUGE news, Beginning, October 1st (yes it has already begun), the IRS is transferring all cases that were previously handled by the “High Dollar Unit” to local Revenue Officers out in the field. High Dollar cases are tax problems with more than $100,000 owed. You can expect an Army of very ambitious Revenue Officers to start aggressively collecting and make a name for themselves.
    So, the Offer in Compromise cases that were handled locally are now going back to the central Offer in Compromise units in Memphis and New York. The Army of IRS agents that handled these cases locally will now be assigned to the infamous High Dollar cases going out to local offices around the country. Again, this is a game changer and we can expect a lot of new activity.
    Essentially, the High Dollar Unit and the OIC Unit switched jobs. Now the High Dollar Unit cases are going to be handled locally in the field by Revenue Officers in offices close to where you live, scary. You can be certain about one thing, these cases are going to be handled swiftly and scrutinized more than ever. One positive is for clients that hire 911Tax Relief, we will be dealing directly with a person locally and have the opportunity to show the human side of the case that can make all the difference in the world.

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