Posts Tagged ‘IRS Installment Plans’

Is the IRS Knocking at Your Door?

Do you remember the old car commercials of years back, when the auto mechanic would say "you can pay me a little bit now or more later". Though the commercial ran decades ago, I have never forgotten the axiom. Similarly, I believe the medical community as well as Benjamin Franklin who teaches us that "an ounce of prevention is worth a pound of cure". This is perhaps no truer than in the case of being sure that you both timely file and pay your in...

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Dealing with the IRS

Straight Dealings with the IRS is Your Best Opportunity to Audit Success to Achieving a Successful IRS Representation Experience Working with the IRS in an honest open and straightforward basis is your best bet to ensure that your audit experience, to the extent that it can be, is an success. Frequently I see clients who are audited because they have a business and attempt to prepare their returns on their own. Tax law should never be attempte...

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Setting up an Installment Plan with the IRS and Recording Internal Data/ Bookkeeping Issues

Attached is a recent note we received from a potential client However, extreme caution should be exercised by taxpayers to ensure that they retain the services of a CPA who is experienced with tax representation issues and matters. Thanks John. I enjoyed hearing what you had to say. I am definitely looking forward to getting some order in my business and life. I know I am in for a tough road in the beginning because of my disobedience but I be...

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Atlanta CPA on Statute of Limitations on IRS Collections

Knowing the ins and outs of tax law can do much to help you along the way to make sure all of your tax issues are well understood and handled. Tax law is complicated, understanding some of the individual nuances will always be of great assistance. One way to be sure that you do not run afoul of a few of the basics will help you make wise and informed decisions. Just as a physician first strives to get a good understanding of the patient, their hi...

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Atlanta CPA: Addressing Back Taxes for Atlanta Taxpayers

The first thing we look to do when we meet with a client is to work to get their old back taxes filed. As soon as the back taxes are filed and we have worked with the taxpayer to ensure their present tax obligations are current. Then we can begin to address working with the taxpayer and the IRS to see what can be done to either pay the taxes and interest in full, while requesting penalty abatement by showing/proving reasonable cause as to why ret...

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Award Winning CPA on Helping Clients With Offer in Compromise & IRS Tax Representation Issues

In light of the recent and dramatic downturn in the economy I have had to help many business owners and entrepreneurs file their final corporate/business and income tax returns to record the dissolution of their business. Whether you be a Partnership, Proprietorship, S Corporation, C Corporation, LLC or LLP there are certain steps and procedures that must be carried out in the closing of your business. All business's, per IRS rules and regulat...

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Award Winning Atlanta CPA Provides Sample Installment Agreement Request to Georgia

Georgia, like the IRS, allows both corporate and personal/individual taxpayers, who cannot pay their taxes in full, to set up an installment agreement to pay the taxes over time. Though this is a good plan for many, it is often the most expensive as during the time period, when the payments are being made, both penalties and interest continue to accrue adding even more monies to be due and payable that would otherwise be due.

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Atlanta CPA Provides Sample Cover Letter When Getting Ready to Prepare for an IRS Audit

When getting ready for an IRS audit it is good to start off the relationship with both the client and the IRS to build trust, confidence, availability and goal setting. As none of us in life will be able to do it all by ourselves, finding a CPA who has a proven track record of success in IRS Representation issues whether you are facing a lien, levy, IRS assessment, garnishment or readying to submit an Offer in Compromise is essential To that end ...

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Atlanta CPA: Processing an Offer in Compromise/Addressing Back Taxes with the IRS

Usually one of the main issues that causes an Offer in Compromise is a taxpayer not filing and paying their taxes on a timely basis, in essence, their inability/lack of desire to address their tax obligations and filings as they become due. Thus, one of the biggest obstacles for the CPA/Tax Advocate is to help the taxpayer to get motivated. To this end, most all tax representation work requires the CPA to help the taxpayer change their paradigm g...

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Atlanta CPA: Using the Internal Revenue Service Tax Advocate Office

For years the IRS has had an Tax Advocate Office for taxpayers who are need a little additional help in having their answers satisfactorily addressed with the Service. Before you reach the point as an individual or corporate taxpayer you will have wanted to be sure to have retained the needs of a CPA who is well versed in taxpayer representation issues with a history of success with the IRS. Care should be exercised at every level of the represen...

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