tax debt: Severn, MD: IRS Private Debt Collectors
- 07/20/19 11:59 AM
The IRS began a program in 2015 where they may assign certain cases of overdue tax debts to private debt collectors. If this happens to you the IRS will give you (and your tax representative) written notice that your account is being transferred to the private collection agencies.
Watch out for scam phone calls from those who pretend to claim to collect for the IRS. There are currently only four contractors authorized for collection which are listed below CBE P.O. Box 2217 Waterloo, IA 50704 1-800-910-5837 ConServe P.O. Box 307 Fairport, NY 14450-0307 1-844-853-4875 Performant P.O. Box 9045 Pleasanton CA 94566-9045 1-844-807-9367 Pioneer PO Box 500 Horseheads, NY 14845 1-800-448-3531Do not pay the private collection agency directly. It … (0 comments)
tax debt: Severn, MD: If you file over 3 years late the IRS keeps your refunds!
- 04/18/19 09:02 PM
There are currently more than $1.4Billion in unclaimed tax refunds. If you are owed a refund the only way to get the refund is to file the tax return within 3 years of the due date. Current tax law gives you 3 years to submit a tax return in order claim and receive your refund. If you file your return over 3 years late and are owed a refund you will not get the refund. Ouch, that can hurt.
For example, if you did not file your 2015 tax return (which was due April 15, 2016) and over paid your taxes by … (0 comments)
tax debt: Severn, MD: If You Can't Pay Taxes, It's Better to File Than Not File
- 04/14/19 10:35 PM
If you can’t afford to pay your taxes by 4/15/2019 you are not alone. If you don’t have the money to pay your taxes on time you are far better off to file your return on time and don’t pay the taxes owed or file a request for an extension than not file a return at all.
The reason you are better off to file and not pay is not filing your return will cost you an additional 5% penalty of unpaid tax each month. This penalty is far worse than the additional 0.5% penalty each month you get for filing on … (0 comments)
“WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or a combination of the two. … (0 comments)
tax debt: Severn, MD: Mileage Rate Increase for 2019 Taxes
- 01/12/19 07:55 AM
Here is some good news. Starting on Jan. 1, 2019, the standard mileage rates for the use of a car, vans, pickups, or panel trucks will be: - 58 cents for every mile of business travel you drive. (3.5 cent increase from the 2018 rate) - 20 cents per mile driven for medical or moving purposes. (2 cent increase from the 2018 rate) - 14 cents per mile driven for the service of charitable organizations. You also have the option of using the actual costs of using your vehicle instead of the above standard mileage rates.
My practice is in Severn, MD. I specialize in the following services … (1 comments)
My practice is in Severn, MD. I specialize in the following services for both businesses and individuals: Tax Services: Tax Preparation & Tax Planning Virtual Tax Preparation Audit Protection IRS Tax Problem Resolution
Accounting & Bookkeeping Services: Outsourced Accounting and Bookkeeping Payroll Services Business Consulting Outsourced CFO Services QuickBooks Set up and Support Services
Who we serve: We have special expertise in serving the following industries: Small Business Owners Real Estate Investors Medical Practices Attorneys & Law Firms Individuals
Contact me for any help needed at: Lisa D Church, CPA, EA, NTPI Fellow, MBA 7865 Clark Station Rd Severn, MD 21144 email: lisa@waterfronttax.com website: … (2 comments)
tax debt: Severn, MD: 14 Terms to know before resolving tax debt
- 12/09/18 10:36 AM
If you have not filed tax returns in previous years or if you owe the IRS money it is helpful to know some of the key terms and how they are used in the language of the IRS tax collection industry.
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues. I work with individuals as well as business owners to determine the best way to proceed in settling their tax
Below are 14 key terms … (2 comments)
tax debt: Severn, MD: Uncollectible? Why Now May Be the Time to File Your Offer
- 12/08/18 02:04 PM
In my last blog, I talked about why Uncollectible Status may be a good place for a taxpayer to be. I also explained that it wasn’t a good long-term solution since the IRS would revisit your case at any time. If you don’t see your financial situation changing, and the thought of those annual IRS check-ups doesn’t give you the warm fuzzies, now may be the perfect time to file an Offer-in-Compromise!
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and … (1 comments)
tax debt: Severn, MD: What is Uncollectible Status and How to Obtain It?
- 11/28/18 07:22 PM
I’ve written several blog posts on how IRS collection works and the different options available to you such as installment agreements and offers-in-compromise but there’s one option of which you may not be aware: UNCOLLECTIBLE.
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues. I work with individuals as well as business owners.
So, what is Uncollectible Status, or Currently Not Collectible (CNC) as it’s sometimes called? If a taxpayer has no available equity in … (0 comments)
My practice is in Severn, MD. I specialize in the following services for both businesses and individuals: Tax Services: Tax Preparation & Tax Planning Virtual Tax Preparation Audit Protection IRS Tax Problem Resolution
Accounting & Bookkeeping Services: Outsourced Accounting and Bookkeeping Payroll Services Business Consulting Outsourced CFO Services QuickBooks Set up and Support Services
Who we serve: We have special expertise in serving the following industries: Small Business Owners Real Estate Investors Medical Practices Attorneys & Law Firms Individuals
Contact me for any help needed at: Lisa D Church, CPA, EA, NTPI Fellow, MBA 7865 Clark Station Rd Severn, MD 21144 email: lisa@waterfronttax.com website: https://waterfronttax.com call … (0 comments)
tax debt: Severn, MD: Payroll Tax Debts and Personal Liability
- 11/18/18 11:35 AM
I recently did a blog post on the importance of making estimated quarterly tax payments if you’re self-employed. I’d like to take this a step further for those of you who are not only self-employed but you also have employees. (And if you ARE an employee, you’re going to want to make sure that your employer is doing this!)
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues. I work with individuals as well … (1 comments)
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues. A recurring theme that I see with my self-employed clients who have IRS collection problems is that they failed to pay estimated taxes, so I just wanted to go over the basics of employment and withholding taxes.
My practice is in Severn, MD. I specialize in the following services for both businesses and individuals: Tax Services: Tax Preparation & Tax Planning Virtual Tax Preparation Audit Protection IRS Tax Problem Resolution
Accounting & Bookkeeping Services: Outsourced Accounting and Bookkeeping Payroll Services Business Consulting Outsourced CFO Services QuickBooks Set up and Support Services
Who we serve: We have special expertise in serving the following industries: Small Business Owners Real Estate Investors Medical Practices Attorneys & Law Firms Individuals
Contact me for any help needed at: Lisa D Church, CPA, EA, NTPI Fellow, MBA 7865 Clark … (0 comments)
The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues.
There are different types of installment agreements offered by the IRS: Automatic Streamlined Regular Partial Pay An automatic installment agreement is … (1 comments)
Did you know that the IRS penalty for not FILING your Federal income tax return is 10 times greater than the penalty for not PAYING your income taxes? Yep…seriously. The IRS offers many different options to taxpayers to help them resolve their tax debt but you’ve got to file those returns! The focus of my practice in Severn, MD is to help taxpayers get in compliance with their IRS and state tax filings and to represent them before the IRS and the states with their tax collection issues.
The IRS began a program in 2015 where they may assign certain cases of overdue tax debts to private debt collectors. If this happens to you the IRS will give you (and your tax representative) written notice that your account is being transferred to the private collection agencies. 
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