Every year, around one million new tax collection cases are put in motion by the IRS on people who owe money to the IRS. If you are one of these targets, you should not ignore the letters and attempts to contact by the IRS or any other taxing authority. Most people who go into collection status by the IRS have already ignored previous attempts by them to collect the tax debt they say you owe. On the first letter the IRS sends to a taxpayer, they should either respond to it by phone call or … [Read more...] about Do Not Ignore Letters from the IRS
Gallardo
Understanding the Value of an Enrolled Agent When Preparing Tax Returns
Most folks who have a business or work and pay taxes, we would hope, will choose a licensed tax practitioner to do their tax return. In some cases, where a taxpayer has a very simple tax situation, they can do it themselves or be somewhat confident in having someone else do their return. This does, however, have its risks. On a recent visit to Las Vegas, I met a young couple that last year went to one of these unlicensed tax preparers. There are a lot of these in Las Vegas. This paid preparer … [Read more...] about Understanding the Value of an Enrolled Agent When Preparing Tax Returns