by Bob Jablonsky EA | Feb 23, 2020 | Bob Jablonsky and Associates, Business Growth, Business Tips, Dallas TX, Debt Settlement Company, Delinquent Tax Returns, Installment Agreements, IRS Assessed Tax, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, NFTL, Offer-In-Compromise, Plano TX, Richardson TX, Tax, Tax Levies, Tax Liens, Tax Problems, Tax Resolution, Unfiled Tax Returns
In an article I wrote a few weeks ago, we discussed why 2020 might be a good time to settle your tax debt. In that article, we discussed how the IRS had a reduction of resources over the past 10 years and how the tide had started to turn. The IRS was now seeing some...
by Bob Jablonsky EA | Feb 13, 2020 | Audit Reconsideration, Bob Jablonsky and Associates, CP2000 Notice, Dallas TX, Debt Settlement Company, Form 1099C, Frisco Tx, Garland TX, IRS Assessed Tax, IRS Audit, IRS Bank Levy, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, IRS Tax Lien, Plano TX, Richardson TX, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Relief Companies, Tax Resolution
When my clients come to me and provide me their tax information, I sometimes see red flags pop out that I address with them before filing. This review helps to minimize any issues they might have with future IRS reviews/audits. However, I also have taxpayers who come...
by Bob Jablonsky EA | Feb 12, 2020 | Accounting, bookkeeping, Business Tips, Tax
You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective to perform all of these updates...
by Bob Jablonsky EA | Feb 7, 2020 | Dallas TX, Frisco Tx, Garland TX, Installment Agreements, IRS Bank Levy, IRS Collection, IRS Debt Relief, IRS Penalties, IRS Problems, IRS Tax Lien, NFTL, Offer-In-Compromise, Partial Pay Installment Agreement, Plano TX, Richardson TX, Tax, Tax Compliance, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, taxes
Many of the Taxpayer’s coming into our Richardson, TX tax office with IRS Debt have a Notice of Federal Tax Lien (NFTL) or are under threat of an NFTL. As you’ve learned over the past few weeks, the Notice of Federal Tax Lien (NFTL) is a powerful tool of the IRS and...
by Bob Jablonsky EA | Feb 5, 2020 | Bob Jablonsky and Associates, Bookkeeping Tips, Business Tips, Dallas TX, Frisco Tx, Garland TX, IRS Assessed Tax, IRS Audit, IRS Compliance, IRS Debt Relief, IRS Penalties, IRS Problems, Plano TX, Richardson TX, Small Business, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Planning, Tax Problems, Tax Relief, taxes
In 2017, Congress passed The Tax Cuts and Jobs Act (TCJA), which was the largest piece of tax legislation that we’ve seen in three decades. The new law had an impact on almost all taxpayers who came to our Richardson, TX tax office, as well as taxpayers throughout the...
by Bob Jablonsky EA | Jan 30, 2020 | Bob Jablonsky and Associates, Business Tips, Cancelled Debt and Taxes, Dallas TX, Debt Forgiveness, Form 1099C, Form 982, Frisco Tx, Garland TX, IRS Assessed Tax, IRS Audit, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, Offer-In-Compromise, Plano TX, Richardson TX, Small Business Tax Tips, Tax, Tax Compliance, Tax Deductions, Tax Problems, Tax Relief, taxes
Two weeks ago, I wrote that there are certain situations which permit the exclusion from Gross Income on a Taxpayer’s tax return, when they are the recipients of debt forgiveness that would typically be taxed. One of the options that permitted exclusion was for debt...