Taxes and Tax Relief
Residents Who Didn’t Pay Taxes Lose Their Street
[Original Article] Well, this is a new one. Imagine living on one of the most expensive and exclusive streets in all of America only to find out someone bought your expensive and exclusive street, for $90,000. That’s what happened to the residents of San Francisco’s Presidio Terrace street after the Presidio Homeowners Association didn’t pay […]
How to Resolve Tax Debt for Less Than You Owe with Currently Not Collectible Status
What Happens If I’m Unable to Pay My Taxes? Tax trouble can happen to anyone. Whether you’re an individual taxpayer or a small business owner trying to stay afloat, tax debt is a serious issue that can snowball out of control when it goes unaddressed. The worst thing a taxpayer can do is wait for […]
Private San Francisco Street Sells for $90k Due to Tax Debt
Private street sold because homeowners association didn’t pay its taxes Well, this is a new one. Imagine living on one of the most expensive and exclusive streets in all of America only to find out someone bought your expensive and exclusive street, for $90,000.That’s what happened to the residents of San Francisco’s Presidio Terrace Street […]
Understanding the New Tax Code: Is It Fair?
With any new administration come new policies: the Trump administration and the rest of Washington is currently embattled in a high stakes debate over tax reform. Reshaping the tax code is no easy task. Democrats and Republicans disagree on fundamental differences when it comes to how the tax code should treat the different income brackets. […]
How to Survive an IRS Audit of Your Business
How to Survive an IRS Audit of your Business 1. Limit the Scope On the Exam Letter that you receive from the IRS, there will be a year in the top right corner. This is intended to limit the scope of the audit. Typically the examiner will want to include a year in advance […]
Congress asked the IRS to implement a massive new law. Now it could send more than half its workers home.
In 2017, Republicans handed the Internal Revenue Service a huge task. In 2018, Congress is about to send home much of the agency’s workforce. The architects of the recently passed Republican tax law are relying on the tens of thousands of IRS employees to turn their new vision for the tax code into reality. IRS […]
How the GOP Tax Bill Could Become a Nightmare for the IRS
President Trump and GOP congress members have shifted their focus to a major overhaul of the tax code – the biggest in 30 years. This is a highly debated and complicated bill; but the one thing that everyone agrees on is that it will be the job of the Internal Revenue Service to enforce the […]
How the Republican Tax Plan Will Affect You
How the tax overhaul could affect your bottom line The Senate passed a long-awaited tax overhaul bill early Saturday morning. The bill, the biggest rewrite of the individual and corporate tax code in 30 years, would affect the pocketbooks of most Americans. It still has to be reconciled with a tax overhaul passed by the […]
The Stress of Tax Debt: MIT Study Indicates Stress Can Lead to Risky Decisions
A new MIT study recently confirmed what many of us probably know, but don’t slow our brains down to recognize – that chronic stress, stress that is present over time, can lead to poor decision making. Oftentimes I speak to prospective clients that have difficulty seeing their way out of IRS tax debt. They are […]