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Rod's Blog

How to Lower the Taxes You Owe Before the End of the Year

Posted by Cailey Taylor on Dec 9, 2018 10:00:00 AM

The end of the year is usually the busiest time for taxpayers. You’re usually trying to get everything wrapped up and finished before the new year begins. One thing you should put on your list for the end of the year is to start calculating your taxes and if you will owe taxes when you file. If you find out you are going to owe taxes, there are some steps you can take to lower your tax liability. Tax planning is an important part of keeping your financials in line and can help you stay on track and make filing your tax return easier.

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Tags: Taxes, IRS Tax Lien, Tax Lien, Tax Levy, Sales Tax, Tax Court, Identity Theft, Tax Cuts and Jobs Act, tax extension, Audit, Tax Deductions, Tax Return, audit help, levy, Tax Help, Tax Law, CDP, Tax Scams, Liens, Wedding, Tax

IRS Tax Audits 101

Posted by Cailey Taylor on Dec 6, 2018 10:00:00 AM

Tax Audits are one of the most terrifying things a taxpayer can endure. Most taxpayers don’t know what being audited by the IRS entails and usually don’t know what to do if they are audited. IRS audits can be confusing to most taxpayers as most don’t know what the IRS is looking for when they determine who to audit each year and what they are looking for when they perform the tax audit. Tax audits can be a long and exhaustive process that examines every aspect of your financial history for the tax year in question. The average taxpayer won’t be audited in their lifetime, but that doesn’t mean it won’t happen to you. The best way to help yourself in a tax audit is to know why and what a tax audit means and to get a tax attorney to help represent you. Here is the information you need to know if you are selected for a tax audit by the IRS. Finding tax audit help can be hard but knowing the facts can make it easier.

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Tags: Tax Lien, IRS Tax Lien, Tax Levy, Tax Court, Liens, Tax Cuts and Jobs Act, tax extension, Tax Deductions, Tax Return, Audit, audit help, Tax Law, Tax Help

What Is Tax Law?

Posted by Cailey Taylor on Dec 3, 2018 8:30:00 AM

There’s two guarantees in life; death and taxes. Taxes help pay for schools, your roads, your police and fire department and other things you use every day. Depending on where you live, you can pay income tax, sales tax, property tax, capital gains tax, inheritance tax or even estate tax. Every year millions of taxpayers file their federal tax return and pay their taxes. But for thousands of others, they either don’t file their federal tax return, or they don’t pay the taxes they owe. This can be for several reasons, either they don’t have the money to pay, they forget, or they don’t know how to file their tax return. Not filing your tax return and not paying the federal taxes you owe, can create a large tax debt and make you put into collections with the IRS. This can lead to IRS garnishments such as a bank account levy, a wage garnishment, Social Security garnishment or lien. Here’s what you need to know about tax law and how it affects you.

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Tags: IRS Tax Lien, Tax Lien, Tax Levy, Sales Tax, Tax Court, Liens, Identity Theft, Tax Cuts and Jobs Act, Tax Help, tax extension, audit help, Tax Deductions, Audit, levy, Tax Law, CDP, Tax Scams, Tax, Tax Return

Closed Case Round Up: October Edition

Posted by Cailey Taylor on Oct 29, 2018 9:00:00 AM

Check out just a few of the FANTASTIC results achieved for our clients last month! This months closed case round up features a contractor whose severe health problems led to a large tax debt, plus a client who tried to resolve their tax issues on their own and ended up coming back to us for help.

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Tags: IRS Tax Lien, Tax Lien, Tax Levy, Student Loans, Sales Tax, Tax Court, Liens, Tax Scams, CDP, Tax Cuts and Jobs Act, Tax Law, Tax Help, tax extension, levy, audit help, Audit, Tax Deductions, Tax Return, Tax

IRS Clarifies Rules On Deducting Meals with Clients

Posted by Cailey Taylor on Oct 16, 2018 9:00:00 AM

The IRS is giving businesses back a break they thought they had lost due to the Tax Cuts and Jobs Act. The agency announced that companies can still deduct 50% of meals while entertaining clients and customers. The announcement cleared up confusion about whether the tax law changes had completely eliminated the benefit of writing off taking clients out to a meal.

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Tags: Tax Return, Tax Deductions, Audit, audit help, levy, Tax Cuts and Jobs Act, Tax Law, Tax Help, tax extension, Tax

Deadline for New Depreciation Deduction Fast Approaching

Posted by Cailey Taylor on Oct 13, 2018 10:48:00 AM

Time is running out for taxpayers looking to take a depreciation deduction on certain property they have used in 2017. Individuals and calendar-year corporations must generally file the election with the IRS by October 15th.

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Tags: Tax Court, Tax Return, Tax Deductions, Audit, audit help, levy, tax extension, Tax Help, Tax Cuts and Jobs Act, CDP, Tax Scams

New Tax Credit Available to Businesses With Paid Leave

Posted by Cailey Taylor on Oct 8, 2018 9:30:00 AM

Do you provide paid family or medical leave to your employees? Have you thought about it? If you don’t, now would be a great time to start! The IRS has announced that eligible employers who provide family and medical leave may qualify for a new business tax credit for years 2018 and 2019!

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Tags: Tax Court, Tax Cuts and Jobs Act, Tax Help, Tax Law, Tax Deductions, Tax Return, Audit

What To Do If You Can't Pay Your Taxes

Posted by Cailey Taylor on Sep 24, 2018 9:30:00 AM

Do you owe more in taxes this year than you anticipated? If you are unable to pay your balance in full by the tax deadline, it can be a very stressful and scary feeling. You wonder if the IRS will seize your bank account or your home. The good news is that there are options out there for you! The IRS has different payment plans and options for taxpayers depending on your income and your financial situation. The important thing is to be proactive and trying to find a payment arrangement with the IRS as soon as possible. The IRS can penalize you if you do not pay your taxes by issuing a failure to pay penalty.

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Tags: Tax Court, Tax Scams, Tax Law, levy, Tax Deductions, Audit, Tax Return, audit help, Tax Help, Tax Cuts and Jobs Act, CDP

Closed Case Round Up June Edition

Posted by Cailey Taylor on Jun 25, 2018 9:18:00 AM

In this month's closed case round up, we have a business owner who didn't file their tax returns for a few years and a contractor that created a large tax debt after his business slowed down!

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Tags: Tax Law, audit help, levy, Audit, tax extension, Tax Deductions, Tax Help, Tax Return, Tax

How to Avoid Being Audited

Posted by Cailey Taylor on Jun 25, 2018 8:05:00 AM

There is nothing worse than getting all your tax documents together, filing your tax return, and months later finding out you are now being audited by the IRS. Realistically, the risk of you being audited is quite low as less than 1% of tax returns are audited each year. But if you’re like most people, you want to make the chances of you being audited as low as possible. Here are a few things you can do to help lower your risk of being audited.

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Tags: Tax Law, Audit, audit help, Tax, Tax Help

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