Tax Resolution
Harrison Tax Resolution  - Tax Settlements, Audit Defense, Tax Debt Relief, Tax Resolution
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

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!

Categories

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
powered by

My Blog

Tax Resolution

It is so important to pay attention to IRS notices and correspondence!   They aren't always indicative of bad news.  That letter could be about a refund you will receive.  It could also be to notify you of a credit that you missed and might be entitled to receive.  Open that mail right away.  If a letter from the IRS comes to you via certified mail ignoring it does not protect you from a levy, lien or garnishment.  Sometimes it may appear that IRS has forgotten all about you because weeks and perhaps even months have gone by and there appears to be no follow up.  IRS has not forgotten about you.  
Responding quickly to the IRS can benefit you in many ways.  For one, the letter may merely be requesting that you file a return.  If you ignore the request to file your tax return and do not file or respond, the IRS can and will file a tax return for you.  It is the government's right to prepare a "substitute for return" based on the income that has been reported to them by third parties.  If you are self employed, you won't get the benefit of expenses.  If you have dependents, itemized deductions and other credits due you, they will not be included by the IRS on the return they prepare for you.  Once the IRS has assessed the taxes due, interest and penalties will more then likely be applied to the assessment as well.  Your IRS debt will increase over time.  Collection action will begin.  If you continue to ignore the IRS, you may discover that your wages have been garnished, your bank accounts levied and your property seized.  Ultimately a lien wil be filed against you.  You don't have to currently own property to have a lien filed.  The lien will be in effect on you and any property you acquire.   A lien can damage your credit rating and have an adverse effect on your ability to rent or purchase a home or car.  It can affect your employment opportunities.  The way to handle IRS correspondence is to respond and cooperate.  Open that mail.  Return that telephone call.  Face the situation head on with the belief that your tax problem can be resolved in many different ways.  
 

6 Comments to Tax Resolution:

Comments RSS
tibet and china map on Saturday, May 18, 2013 10:57 AM
Good website! I truly love how it is simple on my eyes and the data are well written. I'm wondering how I might be notified when a new post has been made. I've subscribed to your feed which must do the trick! Have a nice day!
Reply to comment
 
replica omega on Monday, September 23, 2013 11:13 PM
It's really pleasure to read your post. Thank you so much for writing such a nice post.


Crystal Pave Beads Style on Sunday, June 23, 2013 1:27 AM
I been exploring for a little for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this info So i happy to convey that I have an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to don't forget this web site and give it a glance regularly.
Reply to comment


Free Commodity Tips on Saturday, November 09, 2013 1:42 AM
I was knew this new tax laws of 2011 but now I'm looking forward to read any tax law update for 2013. Please let me know if you have. Thanks
Reply to comment


Car Title Loans Raleigh on Monday, February 10, 2014 7:31 AM
This is a wonderful article. This article is too meaningful and distributed very useful knowledge among the people. I am very very thankful to you.
Reply to comment


rolex 16610 on Friday, December 26, 2014 11:56 AM
One more thing. It's my opinion that there are quite a few travel insurance web sites of trustworthy companies that let you enter your vacation details and get you the quotes. You can also purchase the particular international holiday insurance policy on the web by using your current credit card. Everything you need to do would be to enter the travel details and you can understand the plans side-by-side. Just find the package that suits your financial allowance and needs and then use your bank credit card to buy them. Travel insurance on the internet is a good way to start looking for a trustworthy company regarding international travel insurance. Thanks for expressing your ideas.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment