Joy to the world, tax time is just around the corner. I know you are excited. Ok, probably not. We CPAs and accountants are a unique breed. We get excited to work every day and night for three months straight to get everyone’s tax returns filed on time. Filing taxes is a necessary evil. It is best to prepare for tax time by reviewing your itemized deductions in December. You may be able to gather additional deductions before the year ends. Review this list of IRS itemize deductions.
Seminar on Divorce & Family Law
Livingston Interdisciplinary Professional Association (LIPA) is offering a free seminar on divorce and family law. LIPA’s mission is to inform and guide Livingston county couples and families in order to reach smarter, more helpful and less costly outcomes in divorce and family law situations through non-court processes.
Quote of the Month – December 2013
In honor of Nelson Mandela
It always seems impossible until it’s done
Nelson Mandela
How to Settle Tax Debt?
Can you settle tax debt? It does not seem possible. Why would the IRS accept less than what is owed?
The IRS will settle tax debt and accept less than owe. You must qualify.
Inferior Tax Service
Tax accounting is one of the more trusted professions. Every year people gather tax information then go to a trusted source for tax service. The problem is people may be receiving inferior tax service and do not realize it. Most people find out the hard way. A year to two after the tax return was filed, they get an IRS tax bill. The IRS found a mistake made by your accountant.
IRS Partnership Late Filing Tax Penalties
You filed your Partnership return late. A few months later, you receive a letter from the IRS. The IRS charged the Partnership late filing tax penalties.
Partnership tax returns are generally due on April 15. Unless an extension is filed. If you miss the filing deadline, the IRS will issue late filing tax penalties. You may be able to remove the IRS tax penalties. Click Here to learn about penalty abatement. Continue reading…
IRS Audit Case – Making the Best out of a Bad Situation
How is this for a story? Client is scammed out of $120,000 of retirement. The retirement is considered taxable income. A return is filed and the client owes $30,000 of taxes. Talk about adding insult to injury.
IRS Tax Problem Case
IRS Tax Problem Case
How about this for an success story? Client owed $100,000 in IRS back taxes and walked out with a refund. Yes this happened. It was not easy.
Delinquent Payroll Tax Case
Delinquent Payroll Tax Case
On occasion we get a doozy. In this particular case, we had to force the issue with the IRS. Pursing the IRS is a little backwards. Normally, we are consistently trying to keep the client out of the IRS light. But in this case the client could no longer afford to be ignored by the IRS.
Quote of the Month – November 2013
Faith makes things possible, not easy – Anonymous