by Karla Dennis | May 29, 2014 | Blog
he IRS recently reported a tax scam that your tax resolution expert wanted to make sure you know about. The IRS released information that this tax scam has reached every state in the whole country. It involves individuals calling your house and trying to convince you that they are the IRS. They will tell you that you owe money to the IRS. If you don’t pay the money owed immediately, the caller claims that you could potentially have a lien placed on your possessions. Many people have taken this call seriously without calling their tax resolution expert to see if it is real. The IRS has told everyone that they will never ask for personal information like bank information or credit card numbers on the phone. Also, they will never pressure you to make decisions without a tax resolution expert on your side. read...
by Karla Dennis | May 28, 2014 | Blog
When you get a letter from the IRS, what should you do? You should know the different kinds of notices that the IRS can send out. The IRS has over 500 different notices that can be sent out. Based on the notice number, we will respond accordingly. Because we have a copy of the IRS Manual we know every notice. We know why they are sent out, thus we know what the IRS is looking for with each notice. Knowing their playbook allows us to stay on top of the...
by Karla Dennis | May 25, 2014 | Blog
Because the IRS is under increasingly tremendous pressure to close the tax gap, they are utilizing new ways and new technological resources to track data online from consumers. Listen to Karla discuss what steps the IRS is taking; you’ll be astonished to find that the days of privacy with regards to the IRS are long gone. Find out how you can protect yourself and what you need to do to ensure you have the best tax strategy for your income...
by Karla Dennis | May 25, 2014 | Blog
here are all kinds of different deductions that can be taken to decrease the amount of taxes that you pay to the federal government, but your tax resolution expert would like to discuss one deduction in particular. The amount of mileage it takes to go to and from different types of activities is not a commonly used deduction, but it can save taxpayers a considerable amount of money. First, your tax resolution expert wants you to know what kinds of activities qualify for this deduction. Some common activities include medical visits, cars used for business, charitable trips, and even moving expenses can fall under the mileage deduction. read...
by Karla Dennis | May 22, 2014 | Blog
Karla discusses some of the tax provisions that expired at the end of 2013 and what you can expect for your taxes in 2014. While taxes aren’t increasing for 2014 there are many deductions, such as debt relief income and education credits, that are being eliminated that will certainly affect your tax bill. She’d like to stress how important it is to have a tax review because what you pay for 2014 will be completely different than what you paid for...
