by Bob Jablonsky EA | Oct 7, 2022 | Real Estate Agents, Real Estate Agents Tax Deductions, Real Estate Tax Deductions, Realtors, Small Business Tax Tips, Uncategorized
Real Estate Agents, as well as Real Estate and Mortgage Brokers, and all other self-employed taxpayers, should utilized all legal deductions to minimize their tax liability. If you are one of those, as you go through the planning and filing process, don’t...
by Bob Jablonsky EA | Aug 26, 2022 | IRS Penalties, IRS Problems, SFR, Substitute For Return, Uncategorized
Did you know that if you don’t file a tax return, the IRS can file one on your behalf? Well, they can. I have taxpayers come in who may not have filed taxes in years but now have the IRS attempting to collect from them. It can happen and I’ll explain when...
by Bob Jablonsky EA | Aug 18, 2022 | IRS Debt Relief, IRS Debt Settlement, IRS Garnishments, IRS Notices, IRS Payment Plans, IRS Penalties, IRS Problems, IRS Seizures, IRS Tax Lien, Uncategorized
When a taxpayer owes income taxes to the government, one of the major tools at the disposal of the IRS are levies. Levies and seizures include taking the assets of the taxpayers. Typically, these are bank funds but could include investments, retirement funds, vehicles...
by Bob Jablonsky EA | Aug 12, 2022 | IRS Bank Levy, IRS Collection, IRS Debt Relief, IRS Problems, IRS Tax Lien, Uncategorized
If the IRS has filed a Notice of Federal Tax Lien (NFTL) against you, at this point you probably realize the power of the lien. It can impact your ability to sell assets, get access to credit, and impact your reputation, since it is public information. In prior...
by Bob Jablonsky EA | Jul 29, 2022 | Payroll Tax Problems, Uncategorized
Did you know that when a business hires an employee and becomes responsible for payroll taxes, not only is the business responsible, but the owner(s) and others considered to be “responsible persons”, may be personally liable to the Federal Government for...
by Bob Jablonsky EA | Jul 17, 2022 | IRS Penalties, IRS Problems, Uncategorized
The number of taxpayers being assessed IRS penalties continues to increase due to pandemic, the economy, as well as problems experienced by the IRS. I often get the questions as to how to I remove these penalties? The two main methods are using the First Time...
