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Archive for the 'General Advice/Discussions' Category

Can The IRS Take My House If I Don’t Pay My Taxes?

Monday, November 26th, 2012

Many are concerned about the fact the IRS can take their house for not paying their taxes and may need tax representation or help with the IRS. This is a delicate topic but can easily be dealt with if done right.
The IRS can seize assets, including your primary residence.  So yes, the IRS can seize [...]

How Can I Evade Tax Penalties? Your Fort Wayne Accounting and Tax Services, and Tax Consultants

Monday, November 19th, 2012

How Can I Evade Tax Penalties? This may be the most common question that we get.  The penalties are typically a large amount of money and most clients say something to the effect of, “If it weren’t for the penalties I could pay them what I owe them”.
The IRS’s policy is to use penalties as [...]

Can I go to Jail For Not Paying My Taxes? You May Need Tax Representation Or Help With IRS

Thursday, November 15th, 2012

Many are concerned about the fact they may go to jail for not paying their taxes and may need tax representation or help with IRS documentation.This is a delicate topic but can easily be dealt with if done right.
Article Body: Yes, without tax representation and under certain conditions the IRS can and will send you [...]

Settlement with the IRS

Monday, February 13th, 2012

I represent many companies that owe back payroll taxes. This can be one of the most expensive engagements that we undertake. The complexity and the number of forms involved, make this type of an engagement very expensive.
After engaging our services, the first goal is to get the taxpayer compliant. Compliance involves, [...]

Payroll Taxes-Allocating Payments

Thursday, February 9th, 2012

If you or your company owe payroll taxes, and you have made some payments, you may be a candidate to allocate your payments.
This is an extremely complicated process. Do not undertake this on your own. You will need the help of a trained professional. This is not for the weak of heart.
If [...]

I am a CPA

Thursday, January 26th, 2012

I am a small business owner. I am a CPA and I take great pride in those initials. To become a licensed CPA, I had to complete a Bachelor’s Degree of education, and pass a very difficult exam. After passing the exam, a CPA candidate must work for/under a CPA for 3 [...]

Unemployment problem, Client Received Benefits and now must Repay

Wednesday, January 25th, 2012

I have just recently been hired by a new client. She was downsized in January 2009. She received severance pay until March 2009. In April 2009, she applied for and was granted Unemployment benefits. She received benefits because she had suffered a significant drop in her income; however, she was still [...]

5 Tax Things you Should Do Right NOW!

Saturday, January 14th, 2012

1 Focus on the mail. What tax documents have arrived? I know that my firm has sent out its 2012 1040 organizers. Look over the organizer and determine what documents should be arriving. Stay organized so that you can timely file, and prepare the most accurate tax return possible. As [...]

IRS Reports 17% of Taxes Owed were Unpaid

Saturday, January 7th, 2012

There is a Washington Post article that I found this morning. It reports that the IRS has finally calculated how many dollars of taxes they did not collect in 2006.
The report and the data are from 2006. The IRS says this is the most recent data they have. That information is going [...]

Individual Income Tax Preparation

Wednesday, January 4th, 2012

There is a process to preparing a bunch of individual income tax returns. The first step in the process is to roll all of the firm’s clients into the next tax year. This process took the better part of 3 days. Now that I have every client into the correct year, the [...]