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Top Tax News From
Around The Web…. IRS has issued about $64
billion in economic stimulus checks Twice As Many Rich Escape
U.S. Tax It's Better To File Late
Than to File Later Collectors Cost IRS More
Than They Raise Overwhelming tax debt got
you worried? First file, then consider options Tax reform plan would shift
tax return preparation to the IRS Woe to Those Who Owe, but
Find a Way to Pay IRS sending out millions of
alerts Self-Employed or Rich? IRS
May Take a Look Taxpayers who make
'frivolous' claims to avoid taxes are courting trouble Taxpayer Advocate Thinks the
IRS Owes Apologies IRS changes include raising
business mileage reimbursement rate for '08
We
can help… |
What We Do… Enforced Collection – Levy on Wages? Bank Account? We can usually get levies released the first day we meet. Offer In Compromise – Do you qualify to settle for less than you owe? We can help make that determination. Ask to see recent successful settlements. Abatement Of Penalties – do you meet the ‘Reasonable Cause’ criteria? We can determine if your penalties can be eliminated. Bankruptcy – Chapter 7 & Chapter 13 – Is your tax liability dischargeable? We can determine if your tax liability can be discharged. Tax Preparation – Non Filer? Missing income records, W-2s, 1099s? We can obtain missing records in order to prepare your delinquent taxes. Limited Liability Companies and / or Partnerships, (LLC/LLP) – Is this something you should consider for your small business? We can set up a LLC / LLP for you at our initial meeting. Delinquent Business Taxes 941 Issues? Trust Fund Penalty? We resolve employment tax problems. Prevent seizure of business.
Q. What is an Offer in Compromise? A. An Offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service (IRS) that resolves the taxpayer’s liability. The IRS has the authority to settle, or compromise, federal tax liabilities by accepting less than full payment under certain circumstances. The IRS may legally compromise for one of the following reasons: Doubt as to Collectibility: Doubt exists that the taxpayer could ever pay the full amount of tax owed. The minimum offer amount must generally be equal to (or greater than) the taxpayer’s reasonable collection potential (RCP). The RCP is defined as the total of the taxpayer’s realizable value in real and personal assets, plus his/her future income. Effective Tax Administration: There is no doubt that the tax is correct and no doubt that the amount owed could be collected in full, but exceptional circumstances exist such that collection of the full amount would create economic hardship or where compelling public policy or equity considerations provide sufficient basis for compromise. Click here for more
information…..
HOW MUCH DOES THIS COST ? Call 303-388-1859 for more information and our varied pricing programs….
Internal Revenue Service notices are serious.
Failure to respond can result in enforced collection actions. Don’t ignore |
Tax Stop, LLC Penthouse - Español:
303 388-2058 Call now 720-579-8484 to speak directly to a former
Republicans
threaten health care read-a-thon AP via Obama
Heads for Climate Talks Under Pressure to Break Deadlock Bloomberg / Kim
Chipman U.S.
pays big-time in change of climate Pittsburgh Tribune Review / Jack
Markowitz Health-Care
Deadline Challenged as Republicans Stall Bloomberg / Kristin Jensen and
Laura Litvan Burning
borrowed money in America’s wars Reuters / Bernd Debusmann Obama
Bullies Fat Cats While Message Meanders Bloomberg / Caroline Baum U.S.
Delays Sale of Citigroup Stake as Shares Sell at Discount Bloomberg /
Michael J. Moore and Michael Tsang "Dollar
Crisis" author: 2010 will bring more stimulus Reuters / Kevin
Plumberg Second
stimulus? US House passes $154 billion jobs bill Christian Science
Monitor / Ron Scherer House
Votes to Raise U.S. Debt Limit to Almost $12.4 Trillion Bloomberg / Brian
Faler Obama
urges Senate to pass health-care bill; Lieberman signals support
Washington Post / Lori Montgomery and Shailagh Murray What
a difference a year will make Marketwatch / Andrea Coombes Administration
is doing the opposite of creating jobs Marketwatch / Irwin Kellner House
to vote on jobless benefit extension CNN / Tami Luhby Twelve-Trillion-Dollar
Lessons From Saving The Fat Cats Forbes / Robert Lenzner More
pain from the Cash for Clunkers program NY Post / John Crudele The
Recession Is Over--No Thanks To Stimulus Forbes / Brian S. Wesbury and
Robert Stein Congress'
Year-End Scramble Forbes / Brian Wingfield Immigration
bill backers try again despite jobless rate Washington Times / Stephen
Dinan U.S.
red ink flirts with crisis, panel warn Washington Times / David M.
Dickson Obama
takes new 'Just War' doctrine to Copenhagen? Marketwatch / Paul B.
Farrell Recession
Repeat Lurks Without White House Truce Bloomberg / Amity Shlaes Fight
with Obama? What fight? White
House Set to Select Illinois Prison for Terror Detainees Bloomberg / John
McCormick Bankers
In The White House Woodshed Forbes / Brian Wingfield and Liz Moyer House
Bill Would Cap Credit-Card Rates at 16 Percent Bloomberg / Jeff Plungis Democrats,
Lieberman List Demands for Backing U.S. Health Bill Bloomberg / Greg
Stohr Tax
Cuts Might Accomplish What Spending Hasn’t NY Times / N. Gregory Mankiw White
House economic adviser says job creation is top priority, then tackling
budget deficit AP via Chicago Tribune Republicans
play up Democratic health care rifts AP via Philadelphia Inquirer Senate
to vote on $1.1 trillion spending bill AP via Seattle Post Intelligencer
/ Andrew Taylor |
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