by Bob Jablonsky | Oct 30, 2019 | Bookkeeping Tips, CFO, CFO Services, IRS Audit, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Realtors, Tax Deductions, Tax Deductions Real Estate, Tax Deductions Realtors, Tax Problems, Tax Relief
Last week we covered the general rules around reporting rental Real Estate activities on tax returns. This week we’ll begin to dive into more specific issues related to income tax reporting for Real Estate Investors, by covering the reporting of income on rentals. ...
by Bob Jablonsky | Oct 27, 2019 | CDP Hearing, CDP Rights, Collection Due Process Hearing, Collection Due Process rights, Dallas TX, Equivalency Hearing, Form 12153, Frisco Tx, Garland TX, Installment Agreements, IRS Bank Levy, IRS Collection, IRS Debt Settlement, IRS Notices, IRS Problems, Plano TX, Richardson TX, Tax, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, Uncategorized
If you owe the IRS, one of the most powerful enforcement tools of the IRS is the tax levy Tax Levies include bank levies, wage garnishments, or other asset seizures. When taxpayer’s come into our Richardson, TX tax office and have received a Final Notice of Intent...
by Bob Jablonsky | Oct 24, 2019 | Currently Not Collectible, Installment Agreements, IRS Audit, IRS Bank Levy, IRS Collection, IRS Notices, IRS Penalties, IRS Problems, Offer-In-Compromise, Tax, Tax Deductions, Tax Liens, Tax Problems, Tax Relief, Tax Resolution
There are times when I have taxpayers come into our Richardson, TX tax office, who are experiencing difficult financial times, often through no fault of their own. Perhaps they’ve had a death in the family, lost their jobs for an extended period of time, or have had...
by Bob Jablonsky | Oct 20, 2019 | Currently Not Collectible, Installment Agreements, IRS Audit, IRS Bank Levy, IRS Collection, IRS Notices, IRS Penalties, IRS Problems, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, taxes
Big companies are known for getting all sorts of breaks, but when average people fall behind, they rarely receive help. When you owe back taxes, but can’t afford to pay them, then you may qualify for a special tax status known as currently not collectible. If you’re...
by Bob Jablonsky | Oct 16, 2019 | Expense Reduction Tips, Installment Agreements, IRS Audit, IRS Bank Levy, IRS Collection, IRS Notices, IRS Penalties, IRS Problems, Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Tax, Tax Deductions, Tax Deductions Realtors, Tax Problems, Tax Relief, Uncategorized
Among the industries and professionals that my Dallas, TX tax firm works with include both Real Estate Investors and Real Estate agents. As independent contractors, real estate professionals often incur substantial out of pocket costs to run their business and those...
by Bob Jablonsky | Oct 13, 2019 | Installment Agreements, IRS Audit, IRS Bank Levy, IRS Collection, IRS Notices, IRS Penalties, IRS Problems, Tax, Tax Deductions, Tax Levies, Tax Liens, Tax Problems, Tax Relief, Tax Resolution, taxes, Uncategorized
If a Taxpayer has IRS Debt and it gets far enough through the collection process, eventually the IRS will send a Final Notice of Intent to Levy. This will be a different form depending on which section of the IRS is sending the notice, but typically, it is sent on a...
