by Karla Dennis | Apr 23, 2014 | Blog
In this part 3 of 4, Karla talks about “Currently Non-Collectable Status” and how it can help when you have unpaid taxes. But, one thing to always keep in mind is that you shouldn’t face a tax problem without professional tax representation. That is where COHESIVE can step in and...
by Karla Dennis | Apr 23, 2014 | Blog
Have you ever heard that there are two things in life you can’t avoid: “death and taxes?” While putting off death would take a miracle, putting off your taxes is not nearly as difficult. In fact, you tax preparation expert can help you file a six-month extension on your taxes by following a few simple steps. First, you have to get the right paperwork. Form 4868 must be filled out by your tax preparation expert by the tax due date (April 15). If this form is not filled out by the deadline, you may find that the extension will be denied and you will be fined for failing to pay your taxes. Filing for an extension is free and the Form 4868 is offered electronically on the IRS’s website. You may find it is easier to have your tax preparation expert fill out the form for you so that it can be used when you actually file your taxes. It is very important that you realize that your extension does not give you more time to pay. Your tax preparation expert can help you put off the time that you file your taxes, but you are still held responsible for the amount of money that you owe to the federal government on the normal tax due date. If you don’t pay by April 15, you could incur late fees and interest payments that will increase the amount of money that you are required to pay. Your tax preparation expert does not have to file your taxes if you have an extension, but you should pay off what you estimate...
by Karla Dennis | Apr 20, 2014 | Blog
If you haven’t looked at your taxes recently, it is really important that you take a look at them because there are some last minute things that you can do to get yourself in a better tax position. Karla goes over different investment changes you can make as well as certain credits to take advantage of before they are no longer available. If your money matters to you, it is time that it mattered to your tax professional. Have a conversation with them today about what you can do to put yourself in a better tax position. read...
by Karla Dennis | Apr 19, 2014 | Blog
The IRS is one of the most feared government agencies in the United States. Maybe it’s because their auditors look like secret agents in suits, or maybe it’s because they are responsible for something that affects every one of us-taxes. Yes, we all pay taxes, but what do you do if your tax preparation expert tells you that you owe more taxes than you have the money to pay? The first piece of advice from your tax preparation expert is to file your taxes even if you can’t pay what you owe. The IRS seems to frown more upon people who simply dodge the mention of taxes than people who genuinely want to pay what they owe. On top of that, you have to consider the fines that come with not paying taxes. Your tax preparation expert will have to include a tax for not being able to pay the amount owed, but the fine for not filing at all is ten times more expensive. To avoid putting yourself in a bigger hole, your tax preparation expert encourages you to file your taxes on time. As soon as you realized that you can’t pay the taxes you owe, communicate that information to the IRS. You will not be put behind bars. In fact, the IRS is more likely to work with you if you are honest upfront. It is very important that you hire a reputable tax preparation specialist as you work to pay off back taxes. Your tax preparation expert can help you work through fines and interest charges so that you are paying the least amount possible....
by Karla Dennis | Apr 18, 2014 | Blog
Despite tax season being over the party is actually just getting started. Karla wants to encourage each and every one of you to consider amending your tax return if needed. It is never a bad decision to have an experienced tax professional review your tax return from the past few years to see if any relevant information was left off that could potentially put more money in your pocket. Don’t leave any of your hard earned money on the table; contact Karla for your free tax review...
