August - 2021

Aug 31, 2021

Golden State Stimulus 2: What You Need to Know

This is the Golden State Stimulus 2, and it's been given out. If you want to know what this stimulus entails and what this means for you, you're in for some good news! If you live in California and haven't received your Golden State Stimulus, but still want a chance at getting this stimulus, it's still not too late! Golden State Stimulus II The second batch of Golden State Stimulus checks is on its way to Californians who qualify. According to Gov. Gavin Newsom's administrati

Aug 30, 2021

Your State Tax Debt May Be More Concerning Than Federal

Have you ever received a notice from your state about an unpaid state tax debt? If not, then you can breathe a sigh of relief. But if you have, then it may be just as or even more concerning than federal back taxes. In fact, having collective debt from both state and federal is an issue that no taxpayer can withstand. High tax debt with no way to pay the IRS and state off is the perfect recipe for financial disaster. Despite that, there's still no reason to lose hope. The IRS

Aug 27, 2021

Your 2021 Federal Income Tax Brackets

The federal income tax brackets are something that many people pay attention to every year. It's important to keep in mind the changes that are happening so you can plan accordingly for your taxes as this should be a frequent habit considering that tax brackets can change every single year. In addition, there seem to be some misconceptions in regards to how you get taxed by these tax brackets that need to be cleared up. 2021 Federal Income Tax Brackets Before analyzing this y

Aug 26, 2021

The Power Of Attorney May Just Save You And Your Tax Debt!

For many people, the idea of a power of attorney may seem like an intimidating concept. The truth is that it's actually really easy and can save you on your tax debt! As a matter of fact, obtaining a power of attorney is a crucial step when it comes to tax relief and is highly suggested when going against the IRS. Power Of Attorney The role of a power of attorney is quite simple but very effective in the cause they fight for. A power of attorney is a legal document that allow

Aug 23, 2021

Why 2020 Back Taxes Have Been So Difficult To Pay Off Recently

The easiest way to understand the difficulty people are having with back taxes is by looking at this year's tax season. Many Americans are finding it hard to pay their taxes, and there is a reason for that. As a matter of fact, there are multiple factors that have affected the increase in unpaid taxes. These changes have made paying off back taxes very difficult. See if you qualify for the Fresh Start Program today! Call (800) 894-9997 to take our FREE consultation offer to s

Aug 20, 2021

Tax Debt Statistics That You Don't Want To Be Apart Of

Most people are aware that the IRS is not a fan of taxpayer delinquency. In fact, they will go to great lengths to collect back taxes, including sending agents out to knock on your door or garnishing your wages and bank accounts. In a sense, the IRS is attempting to do you a favor in order for you to not fall into some scary statistics that you do not want to be a part of that follow when you have missing payments towards the IRS. How Many Dollars According to the IRS, Americ

Aug 19, 2021

Planning On Filing Bankrupt? Read This First!

Filing for bankruptcy is a stressful decision. It's also not something that should be taken lightly, and it has to be done right and for the right reason or you could end up in worse shape than before. Bankruptcy can offer relief but not without all of the potential negative consequences associated with filing bankruptcy. If you are planning to file due to an outstanding amount of federal tax debt that may seem impossible to pay off, you may be a better alternative to resolve

Aug 18, 2021

Top Quintessential Tax Filing Tips To Make This Tax Season A Breeze

If you're like some taxpayers, you've probably been looking forward to tax season. And for the other half of Americans, you may dread this time of the year every year. Regardless of which side you're on, we all know that it has to be done. If you haven't filed your taxes yet and are feeling overwhelmed, don't worry; there are plenty of tax filing tips out there to help make things easier on the annual April 15th date. Choose Your Tax Preparer Wisely If filing your own taxes s

Aug 17, 2021

Efficiently Obtaining & Utilizing Your Tax Refund

Many people are looking forward to their tax refund this year. For most of us, it’s the first big chunk of money we have seen since the holidays! With that said, you should utilize your tax refund wisely. And for those who haven't been able to obtain your tax refund, this is for you too. General Savings If you are anticipating your tax refund being relatively large, consider putting it into an emergency fund to help cover a job loss or other unforeseen event. There are many o

Aug 15, 2021

Not Paying Your 2021 Business Taxes

Don't forget to pay your business taxes! Business taxes are a necessary expense for any company, but what happens when you don't pay them? As a disclaimer, it's not pretty. The IRS aren't very forgiving if you fail to comply in regards to paying off your taxes. Notices One of the very first things you will notice from the IRS is that they will reach out to you through letter notices. If you do not respond to the letters, then they will start sending out a series of notices.

Aug 13, 2021

The Consequences of Not Paying Your Taxes

If you have not been filing your taxes for a long time, then it is likely that the IRS has taken notice. They're like a well-oiled machine. And when there's in issue with any of the components, bad things happen. They will know about your situation and might be sending out letters to get in touch with you about the issue. If they don't hear from you, then there are consequences! They Take Your Money The IRS holds many methods in which they can take the money you owe them dire

Aug 12, 2021

When You Should Not Consider an Offer in Compromise

An offer in compromise can be a tempting settlement option for those who are struggling with their tax debt. However, it is important to consider the other options before deciding if you should take this route. The reasons why an offer in compromise might not be right for your situation and what you should do instead may open opportunities for other alternatives to relieve your taxes. How Offer In Compromise Works An Offer in Compromise is a proposed settlement with the IRS.

Aug 11, 2021

Gearing Up For All Future Tax Seasons

Every year when tax season rolls right around the corner, many of us are scrambling to get ready. If you want to be ahead of the game, it's worth preparing in advance for all future tax seasons, so you can take the stress off your shoulders and even save more money. Get A Tax Preparer Let's face it. Nobody really wants to do their own taxes, and hiring a professional tax preparer is your best bet in order to save money through deductions and credits. Ask a buddy or a family m

Aug 10, 2021

You're Not Getting Your Tax Refund Next Year And Here's Why!

Tax season is a time of year where many people are looking forward to getting their tax refund back, but unfortunately that will not be the case for many taxpayers this year. There are a few complications that may occur that you should keep in mind in order to get your refund on time this year! Inaccurate Filing In the off chances that the IRS decides to not give you your refund, they may have a reason to believe that you have submitted inaccurate information when filing your

Aug 9, 2021

Tax Debt Will Ruin Your Retirement

Does your tax debt have you feeling like a burden? The fact of the matter is, when you are burdened with taxes it can make retirement seem that much more difficult. You may be putting aside money for retirement now, but if you have unpaid taxes looming over your head then there will be nothing to relax on in your golden years. Tax debt can and will affect your finances around the time of retirement but there are a few things you can do to avoid this problem. They Will Take Yo

Aug 6, 2021

The Tax Preparation Process

The tax preparation process can be confusing and intimidating. It's important to find a tax representative who understands your needs, but how do you know where to start? Tax preparation is the process in which individuals and businesses calculate the tax owed to a federal, state or local government. They then file a tax return with the IRS. Individual taxpayers and businesses have to choices to make: prepare their taxes by themselves or to get the help from a tax professiona

Aug 5, 2021

Tax Consultation Essentials For This Tax Season

We know that taxes can be a daunting task for some people, but there are many ways to make it easier. One way is to get professional help from tax professionals who will guide you through the process and answer all your questions. Keep in mind to expect a few qualities when getting a tax consultation. Expertise You will know without a doubt after your first tax consultation that we are good in resolving a multitude of tax issues. It is all we do and what we put our sole conce

Aug 4, 2021

Didn't File 2021 Taxes On Time? Read This!

Tax season is a stressful time for many people. It can be difficult to stay on top of deadlines and find the right forms, but it's important to keep track of deadlines so you don't miss out on savings opportunities. If you haven't filed your taxes by the usual April 15th deadline, don't panic and take the proper steps to avoid further consequences! File Now! The first step to take is to go ahead and file your taxes even if you're late. This way, you'll avoid anymore late fee

Aug 3, 2021

The Two-Step Process Towards IRS Tax Debt Relief

If you've found yourself in a situation where you owe more tax debt than what you can pay off, it's time to do something about it. You will need an overview of the two-step process that is necessary for obtaining tax relief from the IRS. The IRS Fresh Start program has been the mainstream topic as of late in the tax world. Here at IRS Fresh Start Initiative, the uncomplicate the process by acquiring tax relief for our clients in two simple steps. Investigation When you contac

Aug 2, 2021

The Statute of Limitations' Limitations

The IRS is a powerful agency and it does not take kindly to those who owe taxes. The government wants its money, and the faster you can pay them what you owe then the better off you will be. Thankfully, the Statute of Limitations for tax debts is a powerful defense. Don't think you're safe from tax debt right away! The IRS still has 10 years to collect from you and they will implement the most extreme collection actions in order to get their payment from you. In some cases ev

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