by Bob Jablonsky | 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 | Feb 2, 2020 | Bob Jablonsky and Associates, CDP Rights, Collection Due Process rights, CP2000 Notice, Dallas TX, Frisco Tx, Garland TX, Installment Agreements, IRS Assessed Tax, IRS Bank Levy, IRS Collection, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, IRS Tax Lien, NFTL, Offer-In-Compromise, Plano TX, Richardson TX, Tax Levies, Tax Liens, Tax Problems, Tax Relief
When taxpayer’s come into my office in Richardson, TX related to IRS tax debt issues, threat of or Notice of a Federal Tax Lien is one of the major reasons. Taxpayers often don’t understand the process, how a Tax Lien impacts them, and what they can do to avoid one...
by Bob Jablonsky | 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...
by Bob Jablonsky | Jan 30, 2020 | Bob Jablonsky and Associates, bookkeeping, Bookkeeping Tips, Business Tips, CP2000 Notice, Dallas TX, Expense Reduction Tips, Frisco Tx, Garland TX, IRS Audit, IRS Compliance, IRS Debt Relief, IRS Notices, Plano TX, Richardson TX, Small Business Tax Tips, Substitute For Return, Tax, Tax Compliance, Tax Deductions, Tax Problems, Tax Relief, taxes
In some case, entrepreneurs who work from home can write off a portion of their housing and utility expenses. That’s often a big question for our clients in our Richardson, TX tax office, who use part of their home in their business. If you qualify, it can...
by Bob Jablonsky | Jan 23, 2020 | Bob Jablonsky and Associates, Business Tips, CFO Services, Dallas TX, EIN, Frisco Tx, Garland TX, IRS Audit, IRS Penalties, IRS Problems, Payroll Tips, Plano TX, Richardson TX, Small Business, Tax, Tax Compliance, Tax Problems
When new business owner’s come into our Richardson, TX tax office, a common question is if the business needs its own Employer Identification Number (EIN). An EIN is a nine-digit number that the IRS assigns to identify tax accounts. It’s also referred to as a...
by Bob Jablonsky | Jan 17, 2020 | Bob Jablonsky and Associates, CDP Hearing, CDP Rights, Collection Due Process Hearing, Collection Due Process rights, CP508C, CSED, Currently Not Collectible, Dallas TX, Frisco Tx, Garland TX, Installment Agreements, IRS Collection, IRS Compliance, IRS Debt Relief, IRS Notices, IRS Penalties, IRS Problems, IRS Tax Lien, Offer-In-Compromise, Plano TX, Richardson TX, Tax Compliance, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, Uncategorized
When taxpayer’s have IRS Debt, the IRS has a number of tools to use to collect the debt. Those include levies, liens, and can also include revoking the taxpayer’s passport. For some taxpayers, this is not a major threat. For others, there can be a substantial...
