tax return: Bucks & Montgomery PA - Have not filed a tax return ? No Problem - 06/09/21 05:42 AM
I represent taxpayers in Bucks and Montgomery county PA who have tax issues.
Haven’t filed a tax return in a while ?  Do I have file every return that I missed? What if I have not filed in 5 years? Or 10 years?   What if I do not have the records anymore?  No Problem.  The IRS only requires a taxpayer file the last 6 years to be compliant. (IRS Policy Statement 5-133).
Here is a roadmap to get back into compliance.  The first step is to gather your records so we can prepare your tax returns.  If you an employee, find your W-2 … (0 comments)

tax return: Where's MY Stimulus Check ? Bucks & Montgomery County PA - 02/14/21 10:59 AM
I represent taxpayers who have IRS issues in Bucks and Montgomery county PA. 
You need to a file a tax return in order to get your stimulus check!    If you did not file in 2018 or 2019 and you qualify for a stimulus check, you need to file your 2020 tax return to take advantage of the benefit through the Recovery Rebate Credit. I have seen an uptick of non-filers looking for their stimulus payments.
In March 2020, the first round of stimulus checks went out individuals with adjusted gross income up to $75,000 and couples who made $150,000 in 2018 or … (0 comments)

tax return: Bucks and Montgomery County, PA - What is a Tax Levy? - 12/24/20 07:19 AM
I represent taxpayers in Bucks and Montogomery county PA with tax issues.  Today, I will briefly discuss one of the most powerful tool's in the IRS' toolbox: Tax Levy.
What is a tax levy?  The IRS using its authority gain possession of a taxpayer's property without going to court.  A tax levy could take cash from your bank account (regular levy) or take your wages or routine paid commissions (continuous levy).
Why does the IRS use tax levies?  A tax levy is designed to get the taxpayer's attention. A tax levy is designed to hurt. 
Can the IRS take my house?   Yes, but only … (1 comments)

tax return: Bucks County, PA: IRS Priority #1 = High income Non-filers - 12/03/20 01:06 PM
I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues. Today, the IRS reinforced on their website (www.irs.gov) their highest priority right now is High Income / Non-Filers. 
Eric Hylton, Commissioner, Small Business/Self Employed, explained the IRS started this initiative in early 2020 and even in a challenging year with COVID-19, the IRS has not lost focus on identifying and pursuing high income non-filers. 
"Why do this? Plain and simple, it's about fairness. Our pursuit of these high income non filers provides an important service and shows respect to the majority of Americans who pay … (0 comments)

tax return: Happy Halloween Bucks County, PA - Don't be Afraid, IRS is not Scary! - 10/31/20 06:36 AM
Happy Halloween Bucks County, PA - Don't be Afraid, the IRS is not so Scary!
I represent taxpayers who have IRS's issues in Bucks County PA and a lot of clients come to me just after receiving a tax notice from the IRS. Most people's reaction when they receive a notice from the IRS is a gut wrenching pit in their stomach. There is a sudden anxiety that overcomes you.  So what do they do?  They choose not to open the mail.  "If I don't open it, it doesn't count...right?"  Wrong!  OPEN YOUR MAIL!  The IRS issue does not go away, because … (2 comments)

tax return: Bucks and Montgomery County PA: What to do if you have not filed tax returns - 10/01/20 03:57 PM
I represent taxpayers in Bucks and Montgomery County and the rest of the Philadelphia area with tax issues.  I have recently seen an uptick in individuals who have not filed tax returns, some for many years. In fact, the non-filer issue is a major priority of the IRS, who have stated publicly that they have identified more than 10 million taxpayers who have failed to file returns, many of which voluntarily came forward looking for economic stimulus checks earlier this year. In coming weeks, the IRS plans to roll-out an initiative to target these non-filers.
In addition, it is worth noting that the … (5 comments)

 
Steven Buonomo, Philly's Tax Resolution Specialist (Trusted Tax Resolution )

Steven Buonomo

Philly's Tax Resolution Specialist

Feasterville Trevose, PA

More about me…

Trusted Tax Resolution

Address: 1016 Mill Creek Drive, Feasterville, Pennsylvania, 19053

Office: 215-316-3437

Mobile: 215-260-1920



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