by Matthew Cohen | Jan 4, 2021 | Business Tax Problems,, Income Tax Problems, Installment Agreements, Offer In Compromise, Penalty Abatement, Tax Law, Tax Planning, Tax Resolution
The IRS has eased up on collection activity in order to help taxpayers affected by COVID-19. Below is summary of options and programs enacted to provide additional relief… Offers in Compromise In most cases, a taxpayer has five months to full pay their offer in...
by Matthew Cohen | Dec 24, 2020 | Business Tax Problems,, Income Tax Problems, IRS Tax Relief, Tax Law, Tax Planning, Tax Policy News
As 2020 comes to an end, many are trying to focus on positives that lie ahead. One place to look is the tax benefits laid out in the COVID relief package recently passed by both houses of Congress. Stimulus Payments The thing people need now more than ever is cash. ...
by Matthew Cohen | Dec 14, 2020 | Income Tax Problems, Installment Agreements, Tax Law, Tax Resolution Services
Introduction If you are unable to pay your taxes when they are due, the IRS provides several options including paying your taxes over time. If you can afford to pay your tax liability in full over 6 years or less, you can do so with little to no substantiation. If you...
by Matthew Cohen | Dec 2, 2020 | Income Tax Problems, Tax Law, Tax Planning, Unfiled Tax Returns
As of the day this article was written, there are only 29 days remaining in 2020. If you want to minimize the amount you will owe in taxes this year you need to act soon. Combining the Tax Cuts and Jobs Act of 2017 (TCJA) with new COVID-19 CARES Act legislation,...
Recent Comments