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Why You Need a Tax Professional
Offer in Compromise Quick Summary Fresh Start
Offer In Compromise - Joint & Separate Tax Liabilites
Your IRS Transcripts - What IRS Has On You
IRS ITIN CHANGES!

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Appeal Rights
Brankruptcy
Enrolled Agent
Enrolled Agent vs Tax Attorney
Fees for Tax Consultations by Telephone
Fees for Tax Return Preparation
Filing Late
Foreign Income and Accounts
Former IRS Revenue Agent Assistance
Free Tax Guides - Tax Publications
Free Tax Return Preparation
IRS Notices
Limited Liability Companies (LLC)
Limited Liability Companies (LLC's)
Offer In Compromise
Recordkeeping for Personal and Tax Purposes
Refunds
Tax Debt Relief
tax deductions
Tax Preparers
Tax Relief for Married or Divorced Couples
Tax Resolution
Tax Scams
Taxes on Social Security Part I
The IRS ITIN Program
The ITIN and Form W-7
Your IRS Transcripts
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My Blog

Why You Need a Tax Professional




Why You Need a Tax Professional



Colleen E. Harrison, Enrolled Agent








I've collected some important information on the internet and using this information plus my own experiences in the tax resolution business, I want to share this information with you in order to assist you in making your decisions.  You may find that you have additional reasons to do so.  Add them to my list.     

  1. Fear
  2. You owe a large sum of money
  3. IRS is enforcing collection action - liens, levies and wage garnishments

Offer in Compromise Quick Summary Fresh Start


 


Colleen E. Harrison, Enrolled Agent
Certifying Acceptance Agent for the ITIN

Phone: (480) 292-7604
Fax: (480) 203-2963

(Former IRS Revenue Agent, Retired)




Facebook Business Page - Please like my Page:





Brief Summary of the Offer In Compromise


Submit your offer


You'll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet,Form 656-B(PDF).  Your completed offer package will include:

  • Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

Offer In Compromise - Joint & Separate Tax Liabilites

Colleen E. Harrison, Enrolled Agent
Certifying Acceptance Agent
IRS E File Provider

(Former IRS Revenue Agent)


Telephone: (480) 292-7604


Member Of the American Society of Tax Problem Solvers




Offer In Compromise

(Joint and Separate Tax Liabilities)




If you have joint tax debt(s) with your spouse and one of you also has separate tax debt(s), you and your spouse will need to send in one Form 656 with all of the joint tax debt(s) and a second Form 656 with the separate tax debt(s), for a total of two Forms 656.

Your IRS Transcripts - What IRS Has On You

Your IRS Tax Information - How to Get It



Colleen E. Harrison
Enrolled Agent
Former IRS Revenue Agent


Contact:

(480) 292-7604
















How To Access Your Tax Accounts


Surf to theIRS.gov website. In the middle of the page, look for the orange tab labeled “Tools” and then scroll to the link labeled “Get Transcript of Your Tax Records.” You will land on a page where you are presented with the option of obtaining a PDF copy of your tax information immediately, having a hard copy sent to the address on file with the IRS within 5 to 10 calendar days, or both.

IRS ITIN CHANGES!





Colleen E. Harrison, Enrolled Agent and IRS Certifying Acceptance Agent for the ITIN

Former IRS Revenue Agent
Field Tax Examinations


Telephone: (480)  292-7604










Changes to the IRS ITIN Program


IRS Changes its five-year ITIN expiration policy Effective July 1 Starting now, Individual Taxpayer Identification Numbers (ITINs) will expire if not used on a federal income tax return for five consecutive years.  To give all interested parties time to adjust and allow the IRS to reprogram its systems, the IRS will not begin deactivating ITINs until 2016.

Limited Liability Companies and Tax Implications

























Colleen E. Harrison, Enrolled Agent and former IRS Revenue Agent
Phone:  (480) 292-7604
Website: http://www.harrisontaxresolution.com





Limited liability companies (LLC)
(If More than one Owner)



Treated as partnership for income tax purposes

Files Form 1065

 
If anentity with more than one owner was formed as an LLC under state law, it generally is treated as a partnership for federal income tax purposes and files Form 1065, U.S. Return of Partnership Income.

Update on the IRS Offer-In-Compromise



OFFERS-IN-COMPROMISE -  GOOD NEWS


Colleen E. Harrison, Enrolled Agent
Former IRS Agent, Retired
Contact me  for expert assistance:  (480) 292-7604






IRS LOWERS THE STANDARDS FOR THE

OFFER IN COMPROMISE


Great News For You !












The IRS has recently lowered the bar for offers in compromise.  Now, RCP is the excess of the taxpayer’s monthly income over allowable expenses, multiplied by 12 in the case of an offer payable within five months, or multiplied by 24 in the case of an offer payable in six to 24 months.

Single Member LLC


What You Should Know About Single Member LLC's




Colleen E. Harrison, Enrolled Agent
former Internal Revenue Agent

Contact:  (480) 292-7604




The Limited Liability Company  (LLC) - One Member

Generally Not Recognized for Federal Income Tax Purposes when it has Only One Member

Report Income and Expenses on Form 1040, Schedule C, if you are a one member LLC, Sole Proprietor

See Exceptions Below:



Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a business structure allowed by state statute.

Where's My Refund

WHERE'S MY REFUND? 


Refunds !

You may file a claim for a tax refund if you think you paid too much tax. You must generally file the claim within 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later. The law generally provides for interest on your refund if it is not paid within 45 days of the date you filed your return or claim for refund. Publication 556, Examination of Returns, Appeal Rights, and Claims for Refund, has more information on refunds.

Offshore Income and Reporting Requirements

Offshore Income and Filing Requirements

(June 23, 2014)



Colleen E. Harrison, Enrolled Agent
Former IRS Revenue Agent, Retired
Certifying Acceptance Agent for the ITIN
Over 30+ Years of Accounting Experience






Taxation Expert
Your Tax Representative and Tax Advocate


All Administrative Tax Problems
(All States and U. S. Territories)








Offshore Income and Filing Information for Taxpayers with Offshore Accounts

FS-2014-7, June 2014

U.S. citizens, resident aliens and certain nonresident aliens are required to report worldwide income from all sources including foreign accounts and pay taxes on income from those accounts at their individual rates.