minnesota revenue: 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)

minnesota revenue: Minnesota: Defaulting on an IRS Payment Plan. - 12/21/20 02:01 PM
I represent taxpayers in Twin Cities,  Minnesota and all the 50 States in the United State before all administrative levels—examination, collection, and appeals—of the Internal Revenue Service (IRS).
You have set up a payment plan with the IRS and you are making regular payments, thing happen you forgot or you are in a situation where you did not make the monthly payment. 
A taxpayer will default on his or her installment agreement by doing any of the following:
• Incurring a new tax debt by filing a tax return with a balance due
• Failing to file a tax return timely and incurring a late … (0 comments)

minnesota revenue: Minnesota: Two main types of IRS Offer in Compromise (OIC) - 11/22/20 08:43 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).
 
The Offer in Compromise progam allows a taxpayer to settle their back -tax debt for less than the amount owed under certain circumstances.There are mainly two types of Offers in Compromise.
 
Doubt as to Collectability offer – This type of offer is the most common type of OIC made to the IRS. In this case, the Taxpayer agrees that they owe the IRS, but are simply not in a financial position, to fully pay off … (0 comments)

minnesota revenue: How Much Should I offer IRS to Settle my Back taxes? - 11/22/20 07:13 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).
The IRS allows people to settle their back tax debt for less if they meet certain requirements. One key requirement is that a person offers an amount no less than their Reasonable Collection Potential (RCP).
Before determining an offer amount, we must calculate the Taxpayer's Reasonable Collection Potential.The RCP consist of two elements: net equity in assets and future income. These two elements added together will calculate the RCP. Examples of net assets include retirement and … (0 comments)

minnesota revenue: 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)

minnesota revenue: 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)

minnesota revenue: 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)

minnesota revenue: Maple Grove, MN: IRS Notices U might come across if U owe back taxes - 10/25/20 09:05 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. This is a brief explanation of the notices.
 
 IRS2006 Notice 
The IRS has received the information you sent to them. They are still researching the issue. They typically advise that it will be another 60 days to let you know what action they are … (0 comments)

minnesota revenue: Video:: Maple Grove, MN : What is Tax Compliance? - 10/10/20 11:05 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).
Tax compliance is a critical step in resolving IRS Tax debt. In most cases, the IRS will not consider any collection alternatives proposal such as Offer -In- Compromise, Installment Agreement, Currently not Collectible Status, if the taxpayer or business is not in tax compliance. You also must maintain compliance after reaching a deal with the IRS. If you fail to maintain compliance, the IRS, can and will void the deal.
Tax Compliance simply means that the taxpayer … (0 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

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