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Should I File My Tax Return if I Can’t Pay the Tax Owed?
I have taxpayers call or come into my Richardson, TX tax office asking if they should file their tax return if they believe they will owe the government but can’t pay the tax. Although I understand their apprehension of filing the return, my response is always that...
Plano TX – What To Do If The IRS Levies Your Bank Account
I'm posting one of our popular You Tube Videos on what to do if the IRS Levies your Bank Account. If you or anyone you know of needs professional help, please contact us at (972) 821-1991. https://www.youtube.com/watch?v=JYPq_34d2aw
Garland TX – What Does a CP504 Notice From the IRS Really Mean?
If you’ve received a CP504 Notice from the IRS, it will most likely look very scary to you. It is typically sent by Certified Mail and states Notice of Intent to seize (levy) your property or rights to property. While it is important to respond to this notice (this...
Why You Should File Your Income Tax Return Even If You Owe the IRS
For the personal returns of taxpayers, the IRS gives taxpayers until April 15th to file their tax return. However, if a taxpayer cannot file timely, by submitting IRS Form 4868, they are granted an extension to file their return until October 15th. Before we go...
Does Your Business Have a Safety Net?
One of the most important parts of managing a business is making sure there is enough cash to keep the business going. As a business owner, you probably have a very good idea how much cash you have in the bank at any time. The smaller your business is, the more likely...
Garland TX – What to do when you DON’T owe the IRS but they think that you do.
Garland TX – Video on what to do if the IRS sends you a CP2000 Notice
One of our most popular videos on our YouTube channel for Bob Jablonsky and Associates is what you should do if you receive the CP2000 notice, which is a common notice sent by the IRS when they identify differences between what is reported on a tax return vs. 3rd...
Plano TX – How to end the Payroll Tax Nightmare for Employers with Payroll Tax Debt!
Plano Texas – What Taxpayers Should ALWAYS Invoke their CDP Rights!
Why Having a Budget Is Important
As an entrepreneur, you likely place a high value on freedom. When the word “budget” is mentioned, you might cringe and feel like it hampers your freedom. But it’s really the opposite. Here’s why. According to a 2019 article in Small Business...