form 1040: Sarasota, FL: Unemployed Workers Likely Won’t Need to Amend Returns for Tax Break - 03/19/21 05:29 AM
I represent taxpayers in Tampa, St. Petersburg and Sarasota as well as throughout the state of Florida who have federal and state tax issues. Suncoast Tax Solutions is a full-service tax resolution company helping clients to solve their tax problems quickly and efficiently.
Unemployed workers likely will not have to file amended tax returns to take advantage of a new federal tax exemption for jobless benefits, the head of the Internal Revenue Service said Thursday.
IRS Commissioner Charles Rettig told lawmakers on a House panel, “We believe we will be able to monitor and we will be able to announce that individuals will … (2 comments)

form 1040: Sarasota, FL: Tax Day For Individuals Extended To May 17th - 03/18/21 03:26 AM
I represent taxpayers in Tampa, St. Petersburg and Sarasota as well as throughout the state of Florida who have federal and state tax issues. Suncoast Tax Solutions is a full-service tax resolution company helping clients solve their tax problems.
The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
"This continues to be a tough time for many people, and the IRS wants to continue to … (3 comments)

form 1040: Sarasota, FL: What To Do If You Have Unfiled Tax Returns - 03/11/21 04:25 AM
I represent taxpayers in Tampa, St. Petersburg, and Sarasota as well as throughout the state of Florida who have federal and state tax issues. Suncoast Tax Solutions is a full-service tax resolution company helping clients to solve their tax problems.
Most people voluntarily file their tax returns and pay their taxes. Most people explain it by saying they want to pay their fair share. Others file to get a refund, claim a credit or avoid breaking the law.
There are times when normally law-abiding citizens fail to file. Why? We find that taxpayers do not file tax returns for one or more years … (1 comments)

form 1040: Tampa, FL: Taxpayers Have Right To Representation If Working With IRS - 11/11/20 06:44 AM
I represent taxpayers in Tampa, St. Petersburg and Sarasota as well as throughout the state of Florida who have federal and state tax issues.
Each and every taxpayer has a set of fundamental rights they should be aware of when dealing with the IRS. Explore your rights and our obligations to protect them.
 
The IRS grouped all of the rights taxpayers have under the law into the Taxpayer Bill of Rights. Included in the list is the right to retain representation.
Here’s what the right to retain representation means to taxpayers:
Taxpayers have the right to retain an authorized representative of their choice to … (2 comments)

form 1040: Sarasota, FL: Offer In Compromise, Pay IRS Less Than Full Amount Owed - 11/09/20 06:27 PM
I represent taxpayers in Tampa, St. Petersburg, Sarasota as well as throughout the state of Florida who have federal and state tax issues.
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. The IRS will consider your unique set of facts and circumstances including your:
Ability to pay; Income; Expenses; and Asset equity. The IRS will generally approve an offer in compromise when the amount offered represents the most they … (1 comments)

 
John S. Wood, CPA, The IRS Problem Solver (John S. Wood, C.P.A., P.A.)

John S. Wood, CPA

The IRS Problem Solver

Tampa, FL

More about me…

John S. Wood, C.P.A., P.A.

Address: 1990 Main St., Suite 750, Sarasota, FL, 34236

Office: 813-463-8348

Mobile: 813-390-3173



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