irs: Minnesota :Should I File All Back Tax Returns? YES and NO - 01/17/21 07:47 PM
New Hope Minnesota :Should I File All Back Tax Returns?
Answer : It depends!
I represent taxpayers in Twins Cities, Minnesota and all the 50 states in the United State before all adminstrative levels - examination, collection, and appeals - of the Internal Revenue Service(IRS).
You may have some reasons to file additional years although most people are only required to go back the last 6 years for the IRS .
The most common reason to file back tax returns beyond that required is to reduce outstanding liabilities related to back taxes.  In some cases, when a person fails to voluntarily file a tax return … (0 comments)

irs: Minnesota: Don't waste your time on Offer in Compromise "OIC" if you.? - 01/03/21 10:37 PM
Offer in Compromise (OIC) is a program administered by the Internal Revenue Service which allows taxpayers to settle their tax debt for less than the full amount they owe— essentially allowing them a fresh start with the IRS.In the past years, more than 50% of OIC applications received by the IRS are rejected. Here is a quick guideline to determine if you a good candidate for an Offer in Compromise.
1. Taxpayers not in compliance i.e If the taxpayer is not current with the current tax obligations like estimated tax payments, payroll  taxes, have unfiled tax returns.The taxpayer is not a good … (0 comments)

irs: Minnesota: How to Sell or Refinance Home with a Tax Lien? - 12/13/20 07:31 PM
 I represent taxpayers in Minneapolis, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
Contrary to popular belief that the IRS will not allow you to sell a house that has a tax lien, you can definitely sell a house with an IRS Tax Lien. The only thing the IRS requires is that the seller who owes money to the government not walk away with money that the IRS should have received.There are three main options to deal with IRS Tax liens. They are  
Lien Discharge; Lien Subordination;Lien Withdrawal.
In this … (0 comments)

irs: Minnesota :Types of IRS Tax Transcripts - 11/16/20 11:25 PM
  I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
An IRS tax transcript is a printout of the summary of the major data on your tax return.There are four main transcripts you can request from the IRS. They are
1.Return Transcript - This is a transcript of your actual return. Its shows most of the line item from your tax return.It is only available for the current tax year and prior 3 years.
 
2. Account Transcript : This contains more information about the taxpayer's … (0 comments)

irs: Minnesota:Myths about Tax Resolution Services/Tax Professionals - 11/16/20 10:38 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
 
► MYTH #1 : Tax Resolution Services listed on the internet are carefully screened for qualifications. 
 
THE TRUTH: Most internet listings are nothing more than another advertising media. 
Sometimes, the only qualification required in order to be listed is the ability to pay big bucks for an “exclusive listing.” 
 
► MYTH #2 : All attorneys,IRS enrolled agents and accountants have experience with the IRS. 
 
THE TRUTH: Only a small percentage of lawyers and accountants have any experience in … (0 comments)

irs: Maple Grove, MN :How to Stop IRS Wage Garnishment. - 11/08/20 08:03 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
One of the tools the IRS uses to get a taxpayer's attention or get a tax debt paid is to start garnishing their wages using a continuing levy. A continuing wage levy is designed to make it economically painful so that it forces taxpayers to contact the IRS and deal with the back tax issue.
Before the issuance of the wage levy, five or six months have passed without the taxpayer dealing with the back … (0 comments)

irs: Maple Grove MN :IRS Statutes of Limitation for a refund is 3 years. - 11/04/20 07:44 AM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
A statute of limitation is a time period established by law to review, analyze and resolve taxpayer and/or IRS tax related issues. There are three main statutes of Limitations. They are Assessment Statute Expiration Date (ASED), Collection Statutes Expiration Date (CSED) and Refund Statute Expiration Date(RSED).
Today, we are going to focus on Refund Statute Expiration Date (RSED).The RSED is how long the taxpayer has to file a claim for refund for a … (0 comments)

irs: Maple Grove, MN: Do u know that IRS has 10yrs to collect on tax debt? - 11/03/20 01:23 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
By law, the IRS have 10 years to collect on a tax debt, after 10 years the tax debts expire. For example, a taxpayer owes $25,000 on his/her 2010 return, filed the return in April 2011 and the IRS assessed the taxpayer in May 2011. The IRS has 10 years until May 2021 to collect on the tax debts if the taxpayer did not do anything to extend the date.
 However, there are certain events … (0 comments)

irs: Maple Grove, MN: Other IRS Notices you might receive – Back Taxes - 10/25/20 09:47 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
The IRS sends out several notices to taxpayers. In this blog, I want to talk about notices you might get if you owe back taxes or have issues with your tax return to the IRS. Here are some of the notices:
 
 IRS504B Notice 
There is an unpaid amount due on the taxpayers account. If they do not pay the amount due immediately, the IRS will seize (levy) their state income tax refund and apply it … (0 comments)

irs: Maple Grove MN: Understanding IRS Notices Part 2 - 10/18/20 10:29 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
The IRS issues out several notices. My goal is to cover common notices that a taxpayer or business might have received. It is important to open the mail and understand what the IRS is trying to communicate to the taxpayer.  Here are other common notices:
CP162 Notice 
The IRS charged the S Corporation or partnership a penalty for failure to file the 1120S or 1065 tax return. This penalty is $195 for each person who … (0 comments)

irs: Maple Grove, MN : Guide to Understanding IRS Notices/Letters - 10/18/20 08:32 PM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
 
 
The primary way the IRS talk to taxpayers is through mail correspondence. It is important to open the mail and understand what the IRS is trying to communicate to the taxpayer.  Here are some common notices:
CP2000 Notice 
The IRS computer system matched the information reported on the taxpayer’s return with information reported by employers(W2), banks (1099-Int, 1099B) businesses and others. A discrepancy was found causing the notice to be generated and mailed to the taxpayers(s). … (1 comments)

irs: Video:: Maple Grove, MN : How to Stop IRS Collections? - 10/07/20 09:15 PM
I recently uploaded a video on YouTube about the blog “How to Stop IRS Collections?”. You can check out through this link.
If you or someone you know has unfiled tax returns or some other federal or state tax issue such as Payroll, Sales tax, please feel free to contact me at either (612) 516 5878 or by email at joe.alabi@fishcointax.com.
 
Joe Alabi EA MAcct(Taxation)
FishCoin Tax Solutions
Ph. (612) 516 – 5878
Fax (651) 419 -2021
www.fishcointax.com
Email : info@fishcointax.com
 
(0 comments)

irs: How to Stop IRS Collections? - 10/07/20 08:57 PM
 
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS). For you to stop IRS Collections you must understand the collection process.
The first step to stop IRS Collections is to call the IRS(the phone number to call is on the IRS notice/letter). It sounds simple but very important.The IRS might be planning to levy your bank account,garnish your wages or enforce other collection actions on your assets,time is of the essence. On the phone you should ask the Revenue Officer/Agent  for time to … (1 comments)

irs: Video : What to do if you have years of unfiled Tax Returns? - 10/07/20 08:22 PM
I recently uploaded a video on YouTube about the blog “What to do when you have years on unfiled Tax Returns”?You can check out through this Link.
If you or someone you know has unfiled tax returns or some other federal or state tax issue such as Payroll, Sales tax, please feel free to contact me at either (612) 516 5878 or by email at joe.alabi@fishcointax.com.
 
Joe Alabi EA MAcct(Taxation)
FishCoin Tax Solutions
Ph. (612) 516 – 5878
Fax (651) 419 -2021
www.fishcointax.com
Email : info@fishcointax.com
(0 comments)

irs: Maple Grove, MN : What to do if you have years of unfiled Tax Returns? - 10/04/20 08:33 AM
I represent taxpayers in Maple Grove, Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS). The IRS has identified more than 7 Million taxpayers who have failed to file returns. Recently, the IRS have gathered more information about non-filers as a result of non-filing taxpayers requesting the stimulus check from the government. It is worth noting that the willful failure to file a tax return is a federal tax crime under the Internal Revenue Code’s Section 7203.
Taxpayers who have years of unfiled taxes should consider filing the taxes … (3 comments)

 
Joe Alabi EA, Tax Resolution Specialist - Help with IRS Problems (FishCoin Tax Solutions)

Joe Alabi EA

Tax Resolution Specialist - Help with IRS Problems

Maple Grove, MN

More about me…

FishCoin Tax Solutions

Address: 105 Hamel Rd Suite 150, Hamel, MN, 55340

Office: (612) 516-5878

Fax: (651) 419-2021

Email Me



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