tax debt: IRS Penalty Abatement Accepted! Got over $39k removed. - 02/25/20 06:59 AM
Just got a penalty abatement accepted, removing over $39k in penalties and interest!
 
 
Anthony Fontana EA
800-245-0596
www.eataxresolutions.com
4630 Campus Dr #203
Newport Beach, CA 92660
(1 comments)

tax debt: IRS Offer in Compromise. How the RCP Formula Works. Orange County, CA - 01/09/20 08:39 AM
The IRS Offer in Compromise is the name of a tax settlement. These sound like a gimmick when you hear them on the radio/tv, but they actually work. You have to qualify, and know what you are doing when you file the offer. With experience in having many of these offers accepted by the IRS for our clients at EA Tax Resolutions in Orange County, CA we know how to file the Offer in Compromise.
In this blog I am going to explain how to determine your “offer” or “reasonable collection potential” (RCP).
The IRS reasonable collection potential (RCP) or offer is based … (1 comments)

tax debt: IRS Installment Agreement, explained. Orange County, CA - 12/15/19 10:47 AM
An IRS installment agreement is a monthly payment plan with the IRS when you have tax debt and can’t pay in full. You need to keep in mind that even though you set up an IRS installment agreement, penalties and interest will continue to accrue on any outstanding tax debt, just like a credit card. Also, once an installment agreement is set up, if you subsequently file a tax return with tax debt, and do not pay by the due date, your installment agreement will go into default. An IRS installment agreement can not be set up until all required tax … (0 comments)

tax debt: IRS little known secret – The First Time Penalty Abatement - 11/30/19 09:28 AM
IRS First Time Penalty Abatement.
 
The IRS has a little-known secret called the First Time Penalty Abatement. There is no need to explain the reasons why you either filed late or didn’t pay the taxes on time, all you need to do is call and request the abatement. If you qualify for the IRS First Time Penalty Abatement the IRS will simply remove it with the phone request and you will get a letter showing the penalty has been removed.
Requirements to Qualify for the IRS First Time Penalty Abatement:
        No penalties assessed for the prior 3 years to the … (0 comments)

tax debt: IRS Offer in Compromise Process - Orange County, CA - 11/29/19 08:53 AM
The IRS Offer in Compromise Process
At our office in Orange County, CA we help clients with their back taxes, and understanding the IRS offer in compromise process to ensure a successful offer. As you can imagine, the process to settle your tax debt with the IRS for less than you owe through the IRS offer in compromise takes time and there are certain steps you have to take. The following is the process to obtain an IRS offer in compromise:
Making current tax payments - The IRS will never settle back taxes, knowing that you are going to continue to owe after … (0 comments)

tax debt: Exactly how to qualify for an IRS tax settlement. - 11/22/19 10:00 AM
 
 
 IRS Offer in Compromise - the tax settlement program.
 
You may have heard on the TV or radio advertisements that companies can settle back taxes for pennies on the dollar. This may sound to good to be true, and for most it is, but not for those who qualify. This program works and I can say from first had experience that people really do settle their back taxes for less than they owe. 
 
This video explains exactly how someone qualifies to settle their IRS back taxes and everything you have to know about the program. 
 
Check it out! 
 
Anthony Fontana EA
800-245-0596
www.eataxresolutions.com
4630 Campus Dr #203
Newport Beach, CA 92660
(1 comments)

tax debt: IRS Offer in Compromise Accepted! Orange County, CA - 11/21/19 02:46 PM
IRS Offer in Compromise has finally been accepted after about a year and a half ! Client's original tax debt of $131,894 was just settled with IRS for $3,638!
 
The IRS offer in compromise may sound to good to be true, but it isn't, this program works to settle tax debt.
 
To see if you or someone you know qualifies for the IRS Offer in Compromise, feel free to give our office a call or check out our Youtube video explaining exactly how the IRS will settle tax debt. 
 
Anthony Fontana EA
800-245-0596
www.eataxresolutions.com
4630 Campus Dr #203
Newport Beach, CA 92660
(0 comments)

tax debt: The IRS uncollectible status. The what, why, and how to obtain it? Orange County, CA - 11/11/19 04:05 PM
At our tax office in Orange County, CA we represent clients before the IRS to help them with tax compliance and to resolve their back tax debts. One of those options is the uncollectible status or the Currently Non-Collectible Status, CNC.
 
What is the Currently Non-Collectible Status, CNC?
The CNC is a status the IRS will code taxpayers accounts’ when the taxpayer can prove that they have no equity in available assets and their income is lower than their IRS allowable expenses. Once taxpayers have been placed in the currently non-collectible status, the IRS will no longer take any levy actions. This means … (1 comments)

tax debt: Options available for Tax Debt Relief – Orange County, CA - 11/07/19 08:20 AM
Tax Debt Options – Currently Non-Collectible, Offer in Comprmise, or Installment Agreement.
 
When clients come to our office in Orange County, CA for with tax debt, we first make sure they are tax compliant, then discuss options to resolve their tax debt. We start this process by learning about the client’s current financial situation. This will tell us what the best route to take to resolve their tax debt. We can then teach our clients why a certain tax debt relief option would be more beneficial than another and everything involved in that relief option.
 
The 3 options the IRS has to resolve … (0 comments)

tax debt: Tax Transcripts – The Key to missing tax documents & settling back tax. Orange County, CA - 10/31/19 10:01 PM
Can’t tell you how many times, clients come by our office in Orange County, CA in need of tax help and have no idea where all their documents are. This should not stop you to settle your taxes. Copies of the tax forms like W-2 or 1099 Misc. and others are filed with the IRS, and you have access to them! Not only are these available, these are important to obtain when trying to settle your back taxes. It reminds us what income you have made throughout the years and serves as a guide on where to obtain additional information, if … (1 comments)

tax debt: Importance of the 10-year collection statute when resolving back taxes – Orange County, CA - 10/27/19 12:23 PM
 At EA Tax Resolutions we teach our clients in Orange County, CA about the IRS 10-year collection statute and the importance it has on our strategy to resolve their back taxes.
The IRS has 10 years to collect on your tax debt after the tax has been assessed. Once that 10-year mark runs up, you are clear and free of that tax debt. Now, many people might think they can run from the IRS until the 10-year mark, however this is not easy to do, and not something we recommend. However, the 10-year collection statute, or as the IRS like to call … (1 comments)

tax debt: Tax Compliance is the key to resolving IRS tax debt - Orange County, CA - 10/27/19 10:28 AM
The first step we take when a client comes to us in Orange County with tax debt, is to find out from the IRS if they are tax compliant. The reason we need to find out if our client is tax compliant, first, is because the IRS will not accept any offers to resolve your back taxes until you are in full compliance with the tax law, and not accruing new tax debt.
So, what is tax compliance?
Tax Compliance in the eyes of the IRS is:
All tax returns for the prior 6 years have been filed Taxpayer is making sufficient payments … (0 comments)

 
Anthony Fontana, Tax (EA Tax Resolutions)

Anthony Fontana

Tax

Newport Beach, CA

More about me…

EA Tax Resolutions

Address: 4630 Campus Dr #203, Newport Beach, California, 92660

Office: 800-245-0596

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