Do you want your business to be IRS Audit Proof? Follow these 5 tips to insure that you don’t get in trouble with the tax man.
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Set up an IRS or Michigan Payment Plan
The IRS and State of Michigan have programs to help you pay outstanding tax balances. You are able to set up an installment agreement. The IRS and State of Michigan have different installment agreement programs.
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IRS Statute of Limitations for Tax Audits
How many years back can the IRS audit your tax return? Have you ever wondered how long you should keep documents used to prepare your tax returns? In this article, I review the IRS statute of limitations for audits. Continue reading…
PayPal and eBay Sales Can Cause Tax Problems
Over the last few years, taxpayers that use PayPal and eBay to sell goods are getting a strange form. The form is 1099-K, Payment Card and Third Party Network Transactions. Don’t ignore this form. You may be in for a big surprise if you do.
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Request First Time Penalty Abatement
The IRS has all sorts of penalties. There is up to 25% penalty for filing a tax return late. There is up to 25% penalty for paying taxes owed late. For payroll taxes, there is up to 15% penalty for not paying deposits timely. By the time the IRS gets done charging penalties your tax could double! If you made a one-time mistake, you may qualify for removal of all penalties charged. Continue reading…
IRS Levy on Social Security Benefits CP91
You received IRS Notice CP91: Levy on Social Security Benefits. What now?
Negotiate IRS Taxes
Can I really negotiate with the IRS? Does getting pennies on a dollar happen? There is no way the government would reduce my tax bill. It is the government. The government does whatever they want.
IRS Injured Spouse Tax Help
Your spouse owes outstanding federal or state debt. You are not responsible for your spouse’s debts. If you file joint taxes with your spouse, the tax refund will be garnished and used to pay the outstanding debt. The outstanding debt can be back IRS taxes, back state or city taxes, back child support, unpaid student loans, or any other unpaid federal obligations. You have two options to stop your refund from being garnished.
Tax Refund was Seized
2013 taxes are done and you expected a tax refund. You checked your bank account for the bank deposit. You checked your mailbox for a check. No refund. What is going on? You finally receive a letter from the IRS or State. Your tax refund was seized.
Federal and State Tax Liens Effect on Credit Rating
You noticed an IRS or state tax debt on your credit report. Your first thought, “How can you pay when the IRS does everything possible to make your life difficult?” There is one issue with this thought. Federal or state tax agencies do not report your back tax debt to the credit bureaus.