cnc: Dealing With Unpaid IRS Tax Debt in Mount Laurel, NJ
- 03/14/23 04:50 AM
Have you ever received a notice from the IRS saying that you owe them money for unpaid taxes? If so, you're probably feeling panicked. After all, there's nothing more intimidating than the thought of having to pay back thousands of dollars in tax debt. Thankfully, there are several steps you can take to deal with your unpaid tax debt in Mount Laurel, NJ. Let's take a look at some of these options. Payment Plans The first step is to contact the IRS and set up a payment plan. A payment plan will allow you to pay off your debt over time instead of … (1 comments)
cnc: Mount Laurel, NJ: Do You Know That The Audit Rates Is Rising?
- 10/10/22 10:07 AM
In Mount Laurel, New Jersey; many taxpayers are concern about the IRS audit rates significantly increase. Like many things involving taxes, what taxpayers should understand that there are complexities behind audit rates. On the surface, these can be easy to misinterpret. A closer look at audit rates provides insight into which income groups are more likely to be audited. Just to name a few: Higher income taxpayers face greater chance of audit. Schedule C filer(s) with zero to little expense are also more likely to be audited. Tax audits are a critical compliance tool to help ensure fairness in the tax … (0 comments)
cnc: Mount Laurel, NJ: New on Namaste in Prison!!!
- 10/05/22 07:36 AM
Did you know? The owners of the Yoga to the people chain have been arrested for failing to file tax returns from 2013 to 2020. Gregory Gumucio, Michael Anderson, and Haven Solimaan started the donation based yoga studio in Manhattan in 2006, and ultimately had 20 locations around the country. And the court records show that the studios generated more than 20 million dollars in income, but despite the company's success, they never filed a corporate tax return. The men hid the company's income by paying employees in cash, refusing to provide employees with tax documentation, not maintaining books and records, paying … (0 comments)
cnc: Mount Laurel, NJ: Which Documents Do You Need When It Comes Tax Debt
- 10/01/22 12:38 PM
In Mount Laurel, New Jersey a taxpayer asked an IRS question when it came to their back tax debt. Question: The IRS is hounding me for $67,263 and will not leave me alone, so I have finally decided to seek help from a Tax Resolution Professional who specializes in IRS problems. I want to start getting my paperwork together for the appointment. What will I need to bring with me? Answer: It is very important to have certain documentation with you for the initial interview with your tax resolution professional. Your tax resolution professional will need this information to protect your income and … (0 comments)
cnc: Mount Laurel, NJ: Here Is The Steps To Take If You Have Unfilled Tax!
- 09/19/22 08:25 AM
As I represent taxpayers in Mount Laurel and the rest of New Jersey, I have seen that filing your taxes is never a fun thing to do, but if you don't file them at all then the IRS will come calling. IRS have unbridled power to file a tax return on your behalf in theirs, not your best interest. Get Your Documentation If you’ve been neglecting your taxes for too long, it's time to take care of things. An experienced tax resolution firm can help get things back on track and oftentimes, even if the records are missing or destroyed, there are alternative … (0 comments)
cnc: Mount Laurel, NJ: Why You May Need to File an Amended Return
- 08/08/22 05:50 AM
At OnPoint Resolution, we represent taxpayers in Mount Laurel and the rest of New Jersey. Taxpayers look forward to tax filing season. Unless you are an accountant who loves tax season, you probably dread this time of year, and you are happy when your return is in and your refund is on the way or your tax debt is all paid off. At your tax preparer's office, when you sign your tax return and send it in to IRS, you may think that tax year filing season is finally over, and that the IRS will not be bugging you for another year. … (1 comments)
cnc: Mount Laurel, NJ: You Got a Tax Bill But You Know You Don’t Owe
- 08/08/22 05:24 AM
I represent taxpayers in Mount Laurel and the rest of New Jersey, NJ. This can be tricky and it’s best to have representation from a tax resolution firm like ours. If the IRS is sending you notice letters claiming you owe money, but you’re certain you don’t owe, then filing an amended return can sometimes do the trick. Another thing to note is that the IRS makes mistakes. So having an IRS Relief firm like ours on your side can help clear these mistakes and settle your tax debt. OWE BACK TAXES? OnPoint Resolution specializes in tax problem resolution. We serve clients virtually so fell … (1 comments)
cnc: Mount Laurel, NJ: When It Comes to IRS Do It Yourself Won't Do it 2
- 08/02/22 11:24 AM
We see clients that have tried to handle their taxes on their own, sometimes raising red flags with the IRS, resulting in audits, or getting hit with a big tax bill they can’t pay. They might set up an installment agreement on their own, but oftentimes, the DIY approach just makes the penalties and interest keep stacking up, placing you in an endless loop of compounding interest, penalties and your tax debt growing every month despite making monthly payments. Many of our clients started out by trying to do this on their own or with their current tax preparer and didn’t … (0 comments)
cnc: Mount Laurel, NJ: When it comes to IRS, Do It Yourself Won't Do It
- 08/02/22 11:09 AM
3 Instances, when hiring a tax relief professional is the only way to go. When it comes to your money, there’s only one person that truly has your best interests at heart - and that person is looking back at you in the mirror. Handling your own finances and making your own decisions can give you peace of mind and help you avoid a costly mistake.
There is a lot to be said for the do-it-yourself approach to your money, yet the go it alone path does have its limitations, especially when it comes to the IRS and back taxes.
#1 You Just Received … (0 comments)
cnc: Mount Laurel, NJ: Why does IRS Penalty Exsist!
- 07/25/22 06:03 AM
Have you received letters from IRS? Are you asking yourself why all of these penalties? By representing many taxpayers in Mount Laurel and the rest of New Jersey, my clients always ask me “why the penalty?” when a taxpayer knows that there will be a penalty for: Not Filling Not Paying Not Depositing Not Providing the correct numbers on your tax return They will be penalized, most taxpayers will pay attention. Filling and paying your tax return, then depositing on time is voluntary compliance. Basically if there is no penalty, why would any taxpayer file and pay on time. Penalty conserve IRS’s resources … (0 comments)
cnc: Mount Laurel, NJ: Avoiding a Levy
- 06/13/22 08:30 AM
Understanding IRS notices can be very challenging for taxpayer, which is one of the reasons why it's left un-opened. Not a good idea? Ignoring IRS as everything is quit is not the answer. I represent taxpayer in Mount Laurel and the rest of New Jersey. One of the IRS notices can say " Final Balance Due Reminder- Notice of Intent to Seize (Levy) Your Property or Right to Property. As a taxpayer, this is the opportunity to make things right. Remember John when he called me 2 weeks ago about his back tax debt issue when his bank account was levied? What did the … (0 comments)
cnc: Mount Laurel, NJ: What A Levy Can Reach
- 06/06/22 01:28 PM
In my office last week Thursday in Mount Laurel, New Jersey a John called me at 4:45 PM. So John was trying to get his final returns filed, he has been levied, was hiding it from his spouse and is now frantic because they will bounce the checks. His spouse is blaming him for everything. So, what led John to this situation? A tax levy is generally issued when a taxpayer has either failed to respond to the IRS requests or failed to provide the collection division information when they received IRS Notices. Before property can be levied, the taxpayer must be given a: … (0 comments)
cnc: Mount Laurel, NJ: What To Do If You Cannot Pay The Taxes?
- 05/23/22 06:34 AM
Representation Newsletter We know the story: things are tight financially, so you either (1) do not file the tax return, or (2) file the tax return but don't pay the balance due. But do not worry, you tell yourself, next year will be better. Now it is 2-3 years later and a letter arrives from the IRS, and the threats start, and maybe it has even gotten to the point of actual levy and seizure activity. Now the IRS is wreaking havoc on your financial life and you simply do not know what to do. We know. We have helped many clients through … (0 comments)
cnc: Mount Laurel, NJ: Final Notice of Intent to Levy..Now what?
- 05/16/22 08:39 AM
Being that I represent taxpayer in Mount Laurel and the rest of New Jersey. I have noticed that many taxpayers are receiving Final Notice of Intent to Levy... Now What? OnPoint Resolution got this, no reason to panic. What do we need to do? Let's talk to the government, let's work on a collection alternative. If you have received this notice, give us a call at 973-840-7350 today! I'm Fanta Kaba, I'm here to help you. Let's get this sorted out. There is no reason why should be levied. What does it mean when you receive an IRS notice stating "Final Notice of … (0 comments)
cnc: Mount Laurel, NJ: Add Up Your Income Video
- 03/30/22 01:43 PM
I represent taxpayers in Mount Laurel and the rest of New Jersey. Must watch this video https://youtu.be/OyWQ5v69hqA about Adding up your income which will help you understand your true revenue. If you happen to owe back taxes due to your income, get tax relief today. There are always a resolution like offer in compromise (OIC), installment agreement or currently not collectable (CNC). Call us today if you have any questions at 973-840-7350 or email us onpoint@onpointresolution.com. Fanta Kaba OnPoint Resolution LLC 309 Fellowship Road, suite 200 Mount Laurel, NJ 08054 Tel. 973-840-7350 Fax. 347-344-6942 onpoint@onpointresolution.com www.onpointresolution.com
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cnc: Mount Laurel NJ: Add Up Your Income
- 03/29/22 05:38 AM
I represent taxpayers in Mount Laurel and the rest of New Jersey. I have noticed that even if you are relying on your clients to issue 1099 forms, it is a good idea to add up your income on your own. Keep in mind not all clients may issue 1099s, and the ones that do could report inaccurate or incomplete figures, and by adding it up on your own you will be able to catch these problems early, while replacement forms can still be issued. Keep in mind that adding up your income on a monthly basis will help you prepare … (1 comments)
cnc: Mount Laurel, NJ: Avoid Getting Into Tax Debt
- 03/25/22 12:55 PM
I represent taxpayers in Mount Laurel and the rest of New Jersey who owe back tax debt. I have noticed that one of the biggest stories in the world of business is the growing shift toward self-employment. An ever-increasing number of men and women are saying goodbye to their colleagues, their cubicles, and their corporate overlords, choosing instead to make their own way in life. If you are one of these self-employed individuals or a new member of the gig economy, tax filing season could be more complicated than you think. Instead of merely plugging in the numbers from your W2, you … (0 comments)
cnc: Mount Laurel, NJ: Back Tax Debt? You Must Get into Tax Compliance
- 02/28/22 01:19 PM
I wanted to write this blog informing taxpayers about how getting into tax compliance is key to any resolution of owing back tax debt. Getting into any resolution with the IRS, you must prove to them that you are in tax compliance. Meaning that all your tax returns have been filled and you are making current tax payments properly. If IRS is going to work out a deal, they want to make sure your current year is being maintain. So, what does it really mean to get into tax compliance? All tax returns due are filed, if you are an employee then … (0 comments)
cnc: Mount Laurel, NJ: How IRS Collection Works? video
- 02/23/22 05:49 AM
I just created a video on How IRS Collection Works. https://youtu.be/YRqIGaAyB4I This is the link to the blog post: https://activerain.com/droplet/Gdw7 If you or anyone you know who own back taxes, call us today at 973-840-7350 or email us at onpoint@onpointresolution.com.
Fanta Kaba Onpoint Resolution LLC 309 Fellowship Road, suite 200 Mount laurel, NJ 08054 Tel. 973-840-7350 Fax. 347-344-6942 onpoint@onpointresolution.com www.onpointresolution.com
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cnc: Mount Laurel, NJ: How IRS Collection Works?
- 02/23/22 04:56 AM
I represent taxpayer who owe back taxes in Mount Laurel and the rest of New Jersey. So, I have noticed that most taxpayers do not understand how the IRS Collection Process works. When a tax return is filed either by the taxpayer or the IRS on their behalf, tax is assessed. Then IRS billing notices or demand for payment begins. When a taxpayer ignores the billing notices, IRS filed a silence tax lien against the taxpayer’s asset(s). Still at this point most taxpayers do not understand that the IRS collection have started. If a taxpayer owes $10,000 or more, IRS will publicly … (1 comments)
Have you ever received a notice from the IRS saying that you owe them money for unpaid taxes? If so, you're probably feeling panicked. After all, there's nothing more intimidating than the thought of having to pay back thousands of dollars in tax debt. Thankfully, there are several steps you can take to deal with your unpaid tax debt in Mount Laurel, NJ. Let's take a look at some of these options. 
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