by Bob Jablonsky | Oct 31, 2019 | Dallas TX, Frisco Tx, Garland TX, IRS Audit, IRS Collection, IRS Debt Settlement, IRS Notices, IRS Penalties, IRS Problems, Plano TX, Richardson TX, Tax, Tax Deductions, Tax Levies, Tax Problems, Tax Relief, Tax Resolution, taxes, Uncategorized
Typically, married couples file their Income Taxes using Married Filing Joint status without any thought. For most couples, the combined tax burden of the household will be lower when using Married Filing Joint (MFJ) status vs. using Married Filing Separately (MFS)...
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 23, 2019 | IRS Problems, Real Estate Agents, Real Estate Tax Deductions, Tax, Tax Deductions, Tax Deductions Real Estate, Tax Problems, Tax Relief, taxes
Investing in Real Estate has been a very effective way for Americans to build wealth. With rising real estate prices combined with low interest rates, it has become even more popular. Today, we’ll cover some of the topics that come up when taxpayers who invest in...
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...
