irs: Mount Laurel, NJ: Failure to Pay Tax
- 12/26/22 01:06 PM
Failure to Pay Taxes If you owe money to the IRS but can't pay, there are several options available to you depending on your circumstances. One of the most important things is to start paying your current taxes first. Here are some of the options the IRS provides to taxpayers who owe money: Installment planThis is where you work out a payment arrangement with the IRS. Offer in CompromiseAn offer in compromise is where the IRS agrees to accept less than the full amount owed. Currently Not Collectible StatusThis status allows you to defer your debt. The debt does not go away; you … (0 comments)
irs: Mount Laurel, NJ: Do You Owe the IRS Money That You Can't Pay?
- 12/26/22 12:39 PM
Do You Owe the IRS Money That You Can't Pay? It can happen by accident. You maybe asking how? Well, you may not withheld enough from your paycheck in the past year and wind up with a whopper of a tax bill in April. It could be you won some money, spent it, and didn't realize that a big chunk of it was owed to the IRS in taxes. If your debt had been pilling up for a while, it can be overwhelming and extremely stressful. You might feel stuck or frozen, not knowing what you should do or how you are … (0 comments)
irs: Mount Laurel, NJ: Take Care of Back Taxes Sooner than Later
- 12/19/22 09:24 AM
Take Care of the back tax debt problem Sooner Rather than Later In Mount Laurel, NJ we often think we have a lot of time when it comes to our taxes; guess what? We do not. Time is of the essence when you owe money to the IRS. Once those back taxes are assessed, the clock is ticking, and every day that passes will mean higher penalties, and compounding interest. If you want to put your tax debt behind you once and for all, you will want to act fast. The sooner you can take your financial life back. To help ease the stress from … (0 comments)
irs: Mount Laurel, NJ: What to Do if You Owe Back Taxes
- 12/14/22 08:48 AM
In Mount Laurel, NJ paying taxes is a fact of life, but when the amount is excessive, you may not have the funds to pay in full. Making a mistake on your taxes can be costly as well, and if you plug in the wrong numbers, the IRS will surely come calling. Whether you owe money to the IRS due to an innocent oversight, a lack of funds, or something else, ignoring the problem will not make it go away. Once you owe money to the IRS, the clock is ticking, and all the while penalties and compounded interest will be piling … (1 comments)
irs: Mount Laurel, NJ: Do You Need to Talk to A Tax-Relief Expert?
- 12/07/22 06:48 AM
In Mount Laurel, NJ many taxpayer say "I can do this all by myself." What should you do? What Do I Think? Talk to a Tax-Relief Expert of course The bad news is that you owe back taxes to the IRS. The good news is you may be able to settle the entire amount, including penalties and interest, for a fraction of what's owed through the IRS's offer in compromise program. If you qualify for one of those programs, you may be able to settle your debt for less than you owe, but this is not something to tackle on your own. Work with a … (0 comments)
irs: Mount Laurel, NJ: Filing Taxes When You Owe Money: What to Do & Need
- 12/05/22 06:30 AM
In Mount Laurel, NJ the tax filing deadline will be here before you know it and pretty soon, you'll be gathering up your receipts and plugging in numbers. I know you're hoping for good news, and praying for a big refund in the process. If all goes well you won't owe anything and you might even be getting back a nice refund. But, what should you do if you owe money? If you know you owe money to the IRS, you might be tempted to not file a return, but that is the worst thing you can do! If you fail to file … (0 comments)
irs: Mount Laurel, NJ: Owe The IRS? You Have A Few Options If You Cannot Afford The Bill
- 11/15/22 01:57 PM
In Mount Laurel, NJ economists believes most people are rational calculating machines, but many of us don't behave rationally about filing our taxes. Instead, most of us wait until the very last minute. Figures from the end of March suggest roughly 50 million - or one-third of all this year's individual tax returns in the U.S. - will have been filed in the final two weeks before Tax Day. I experienced this procrastination during the past weekend when I was finally able to convince one of my sisters to sit down and do her income taxes. She was very happy when the final … (0 comments)
irs: Mount Laurel, NJ: What Happens If You Don't File Taxes?
- 11/15/22 01:29 PM
In Mount Laurel, NJ few people get excited about filing their income tax return with the Internal Revenue Service each year, but on-time filing is necessary to avoid penalties, interest, liens and levies. Also, falling behind on your taxes creates unnecessary stress because paying back taxes can be a long process. What happens when I Don't File My Taxes? Although there are a few exceptions, filing taxes is a must, so not filing your taxes could have serious consequences. YOU'LL BE SUBJECT TO A TAX PENALTY FOR NOT FILING Not filing your income tax return can lead to IRS penalties, including: Failure-to-file penalty: If you fail … (1 comments)
irs: Mount Laurel, NJ: Challenging IRS Tax Debt - It's Not Over Until It' over!
- 11/15/22 12:35 PM
At OnPoint Resolution, the focus of our practice is solving IRS back tax issue. In Mount Laurel, NJ taxpayers come to our office with a federal or state tax debt they do not believe they owe to the IRS or the state. There are many opportunities to challenge a federal tax debt with the IRS or state, even after the opportunity to appeal has come and gone. Challenging tax debt include: Filling a timely appeal with the IRS within 30 days after the proposed assessment. Filing a protest with the United States Tax Court within 90 days after the Notice of Deficiency is … (0 comments)
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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irs: Mount Laurel, NJ: 7 Secrets the IRS Doesn't Want You To Know
- 11/09/22 05:39 PM
7 Secrets the IRS Doesn't Want You To Know In Mount Laurel, NJ with years of record deficits, the government is more eager than ever to get every dollar of back taxes and IRS penalties from delinquent taxpayers. Learn how to get a leg up on back taxes and delinquent tax returns so that you can avoid severe IRS penalties and financially debilitating levies on your wages and bank account- as well as ultimately get a fresh start. Meet with me today! Here is the: 7 Secrets the IRS Doesn't Want You To Know Fanta Kaba OnPoint Resolution LLC 309 Fellowship Road, suite 200 Mount Laurel, NJ 08054 Tel. 973,840.7350 Fax. … (1 comments)
irs: Mount Laurel, NJ: Next Step After Receiving IRS Levy Notice!!
- 11/01/22 11:57 AM
What Is The First Step You Do When You Receive a Levy Notice From the IRS? Next Steps In Mount Laurel, NJ the next step you will want to do is gather all of your financial documents and call our firm at 973.840.7350. We will help put together your case to the IRS and represent you to let them know that a levy will cause hardship for you and your family. We will need documented evidence that they levy will cause financial hardship for you, and if you can prove this, the IRS will release the levy. However, this is just putting a … (0 comments)
irs: Mount Laurel, NJ: Received Notice of Federal Tax Lien, Now What?
- 11/01/22 11:15 AM
I had a client ask me a Notice of Federal Tax Lien question in our Mount Laurel, NJ office. Question: I received a Notice of Federal Tax Lien via certified mail for unpaid back taxes and I'm scared and don't know what to do. Can you help? Answer: Of course yes. A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside. A federal tax lien can also negatively impact your credit report scores. It is notice to all your other creditors that the IRS has a secured interest in all your real … (0 comments)
irs: Mount Laurel, NJ: What To Do If You Receive an IRS Levy Notice ?
- 11/01/22 08:49 AM
In Mount Laurel, NJ the IRS is not one to mess around with when it comes time for repayment. They are the least forgiving creditor when it comes to collecting what they think is owed to them. The IRS will seize assets including bank accounts and property such as wages or real estate. Contact a Tax Relief Firm The IRS is know for tricking taxpayers into giving incrimination answers. You should not represent yourself as you may end up in more trouble. Find someone who knows how to help! Finding a reputable tax resolution specialist is your best option since the average tax … (0 comments)
irs: Mount Laurel, NJ: Do You Have an IRS Agreement in Place?
- 10/30/22 09:54 AM
If You Have an Agreement in Place Nothing Should Change In Mount Laurel, NJ the IRS has been increasing its efforts against taxpayers even before passing the 'Inflation Reduction Act of 2022'. If you have been targeted by one of these actions, they are still looking for a suitable settlement with you and will not stop until the settlement is resolved. Hopefully, you are working with a professional as you work with the IRS since the settlement process can get pretty complicated and working with a tax relief specialist ensures you can get the lowest settlement possible for your specific situation under the … (0 comments)
irs: Mount Laurel, NJ: IRS Enforcement Efforts Will Ramp Up?
- 10/30/22 09:34 AM
In Mount Laurel, NJ even though only a portion of those new IRS hires will be "on the ground agents," the overall goal of this bill for the IRS is to increase the amount of revenue they are collecting from taxpayers. There is reason to believe that the IRS will be more aggressive with its collection efforts because of the Inflation Reduction Act. There has been a lot of back and forth about the Inflation Reduction Act and what it means to you. While the details of the agreement are still up in the air, there are a few concrete details you … (0 comments)
irs: Mount Laurel, NJ: The Army of IRS Agents Are Not All Soldiers
- 10/30/22 08:59 AM
In Mount Laurel, NJ working with the IRS has never been easy, and tax settlement agreements are always complicated affairs. If you are currently working to pay off your tax debt, you may wonder what the recently passed "Inflation Reduction Act of 2022" has in store for you. The "Army" of IRS Agent Are Not All Soldiers A lot has been said of the supposed army of IRS agents who will soon be walking throughout the streets of America. There are some pundits and politicians who say, "the IRS will be hiring 87, 000 armed agents to hunt down innocent taxpayers, relieving them … (1 comments)
irs: Mount Laurel, NJ: What to Do If You Receive IRS Collection Letter! 3
- 10/19/22 09:27 AM
So in Mount Laurel, NJ what do you do now since you have received the IRS collection letter? The steps you take could make all the difference, and here are some key things to do next. Take a deep breathe Read the IRS or State notice carefully Pull out your tax return and supporting documents Take Prompt Action One thing is certain when it comes to fighting with the IRS- wasted time is wasted money. The interest and penalty clock starts ticking the moment the supposedly erroneous tax return is filed, and every minute you wait could be more money out of … (0 comments)
irs: Mount Laurel, NJ: What to Do If You Receive IRS Collection Letter! 2
- 10/19/22 08:46 AM
In Mount Laurel, NJ what to do if you receive IRS collection letter ? I am sure it can feel like a living nightmare that you can't wake up from when you receive a collection letter from the IRS. Again take a deep breathe and read the IRS Notices carefully. Pull Out Your Tax Return and Supporting Documents As previously stated, some tax notices are merely the result of minor disagreements or inconsequential math errors, but others are more serious. Now that you understand what the IRS is stating, you will want to look at what you claimed when filing your tax return. You can start … (0 comments)
irs: Mount Laurel, NJ: What to Do If You Receive IRS Collection Letter! 1
- 10/19/22 08:06 AM
So you just came home from a long day, you open up the mailbox, expecting the usual mix of bills and catalogs, but what you find is a collection letter from the IRS. It can feel like you are living in a nightmare that you can't wake up from when you receive a collection letter from the IRS. Take a Deep Breathe It is easy to panic when you get a notice from the IRS, but getting scared will not get you anywhere. So slow your racing heart (if you can), take a deep breath, and try to calm your nerves. You will need … (1 comments)
Failure to Pay Taxes
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