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Plano TX – Reporting Real Estate Income on your Tax Return

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. ...

Dallas TX – Why Being in Currently Uncollectable Status with IRS Debt Might be the Perfect Time To File an Offer-In-Compromise

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...

Auto Deduction for Real Estate Agents and Other Self Employed Taxpayers

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...

Plano TX – Have You Received an IRS Final Notice of Intent to Levy? Here’s What You Should Do!

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...

Plano TX – How to Effectively Navigate the IRS Collection Process if you have IRS Debt

Do You know the IRS and don’t know where to start? This is one of our older videos that gives an overview of how to attack your IRS Debt! If you need professional help, call Bob Jablonsky at (972) 821-1991....