HAVE NOT FILED YOUR 2017 TAXES? START PREPARING TO FILE - IRS TAX HELP

HAVE NOT FILED YOUR 2017 TAXES? START PREPARING TO FILE - IRS TAX HELP

The preparation required to put together your return can be a headache and a chore. You’ll spend time getting receipts in order and collecting tax paperwork received in the mail. Making sure you have everything needed to sit down and prepare your taxes or hand them to a professional is often just as much work as preparing the tax return. Here are some tips for getting ready to file your taxes.

ARE YOU FACING UNPAID TAXES?

Deduct Medical Expenses
You can deduct medical expenses that you pay that exceed 7.5 percent of adjusted gross income in 2017 and 2018. That number will rise to 10 percent in 2019, according to current law. Keeping your medical expense paperwork on hand is a good idea. Consider making a folder for medical expenses and tossing those bills into the folder throughout the year. You can also deduct expenses for mileage, bus fees, and parking costs related to medical treatment. Consider using a small notebook to keep track of mileage and other travel expenses.

IRS BACK TAX PROBLEMS? CALL FOR IRS TAX HELP (800)790-8574

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ Rated
Call (800)790-8574

***Our Tax Law Attorneys have successfully resolved millions in back taxes for our clients.

If you haven’t been saving those medical bills throughout the year, you may still be able to track them down. Insurance companies may have a list of the health care providers that clients used during the year. Use that list to contact providers who billed you directly and ask for a statement of what you paid them. Don’t forget, medications, eye glasses, and hearing aid expenses are covered as well.

Monitor Business Expenses
Business owners likely have a system for keeping track of business expenses. Tossing all your receipts in a shoe box is technically a system, but not ideal. However, organizing receipts doesn’t have to be a complicated affair. A folder to hold receipts from each month may help keep them manageable by the end of the year.

Many people don’t realize it’s possible to deduct some work-related expenses, even if they aren’t self-employed. You can deduct expenses directly related to your job for which your employer does not reimburse you. Travel for work – not your commute to and from work –is deductible. This includes mileage, parking fees, and tolls. Travel expenses such as hotels, airfare, and car rentals are also deductible, as long as your employer does not reimburse you for these expenses.

Keep track of work-related expenses throughout the year by saving them in a folder specifically for work expenses. Organizing receipts this way will keep them at your fingertips when you need them. If you haven’t kept track of them this year, don’t fret. Try to go back through your calendar or bank statements to determine where and when you had business expenses. Then try to contact the hotels or rental agencies directly for statements.

Keep Track of Tax Documents
This is the time of year when tax documents seem to come in every other day. You may receive a W-2 from an employer, a 1099 for contract labor, a 1099 for interest income, statements from your retirement investments, and so on. Gathering these can be as easy as waiting on the mail, but what if one doesn’t arrive?

Making a checklist of the documents you expect in the mail can help you keep track of any that are still missing. The IRS requires most documents to be in the mail by January 31. If you haven’t received a document by mid-February, start tracking down the source to ask for the document. If a company doesn’t have your correct address, it may believe you received the required document and won’t know otherwise.

Once you do have all the necessary documents, it is useful to sort them according to purpose. Work-related income such as W-2s go together. If you have business income, you may have several 1099s from different clients. Interest income should be separate from these, as should statements on retirement accounts.

A less common tax document you might receive is the 1099-C. This goes out any time a business cancels debt. Filing for bankruptcy, having a loan forgiven, or an old debt written off may cause you to receive one of these in the mail. The IRS may treat the cancelled debt as income, so pay attention to the form. As with any tax document, check to ensure that the information is correct. An error here could result in an audit by the IRS later. Contact the company that issued the 1099-C to ensure you get a corrected document before filing your taxes.

Organization Saves Time and Money
The headache of organizing this paperwork can be an unpleasant chore. However, when it comes time to prepare your tax return, making the process simpler can save time and frustration. Additionally, you may save money on your taxes by making sure your deduction paperwork is in order and nothing slips through the cracks. Filing taxes may never be your favorite activity, but it doesn’t have to be a nightmare.

So, if you have IRS Problems, Owe Taxes, have Past Due UnFiled Tax Returns and need IRS HELP – Take action today! You should work with a nationwide tax relief firm. Call Advance Tax Relief (800) 790-8574

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2017 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.  

Call our team today at 800-790-8574 for more information.
For a free consultation, schedule an appointment with us online.

Feel free to also learn about us and contact us via www.advancetaxrelief.com.

However, it doesn’t matter where you live, we service taxpayers nationwide.

We have settled millions in back tax penalties and interest for our clients nationwide.

Advance Tax Relief is a Professional Tax Relief Organization



OTHER LINKS:

Advance Tax Relief http://www.advancetaxrelief.com/audit-representation.html

Advance On Wordpress: https://advancetaxreliefblog.wordpress.com/

Advance Tax Youtube: https://www.youtube.com/channel/UCBqQtYZOrJDcoQwyiOgEwHw

Advance Tax Relief on Instagram: https://www.instagram.com/advancetaxreliefusa/

Advance Tax Relief LA; https://www.inglewoodtaxlawyers.com/

COULD THE IRS BE USING DATA INFORMATION TO FIND TAX AUDITS?

Each year's tax season always brings with it the possibility of the IRS auditing your return. Even if you believe you have filed your taxes correctly and rightfully paid what you owed, you still may find your tax returns singled out for review. You can prepare yourself now for this minute but possible chance by understanding how the IRS uses data to select returns for auditing.

IRS BACK TAX PROBLEMS? CALL FOR IRS TAX HELP (800)790-8574

ADVANCE TAX RELIEF LLC
www.advancetaxrelief.com
BBB A+ Rated
Call (800)790-8574

***Our Tax Law Attorneys have successfully resolved millions in back taxes for our clients.

Missing Income Information
The IRS receives the same income earning statements that you receive in the mail. It knows how much you made and from what sources that income was gained each year. It also uses the income earning statements to make sure you filed your return correctly.

As it reviews your return during processing, the IRS looks to make sure you reported all of your earned income and that the numbers on your return match those found on your W-2s and 1099s. If the numbers are wrong or if the income is omitted, the IRS may send you a bill for the rightful tax amount that you owe. However, it also may audit you to find out why you left out the income or made the mistake when filing your return.

You can avoid being audited for missing income information by reviewing your return before you submit it. You should make sure all of the math adds up correctly and corresponds with the income listed on your earning statements.

Skewed Income Information for Your Profession

The IRS also knows how much you typically should earn based on the profession in which you are working. If it suspects that you under-reported your income, it may compare your return to those filed by others who work in the same field as you. The IRS may then audit your return to find out why you reported a lower income than what is average for your job.

It also may audit you if you claim deductions that exceed those normally claimed for your profession. Even if your return is correct and not fraudulent, you still may be audited just so the IRS can verify the information on your return. You also may be asked to submit proof of the deductions.

Related Auditing
You also may find yourself being audited because of the actions of another person with whom you are associated. For example, if the IRS has found that one of your business partners under reported his or her income, it may audit your return just to make sure you filed your return correctly. It also may use your return to prove the legitimacy or fraud of the business partner's return.

Likewise, if a parent makes a mistake filing his or her return, the IRS may audit the returns of the parent's children or spouse if the spouse filed separately. The erroneous or fraudulent return of one person can increase the chances of his or her family members, business partners, or other associates being audited by the IRS.

Random Selection
Finally, the IRS may randomly select your return for auditing. No data may have been used to set your return apart from others. It may have been chosen purely by coincidence for further review.

In fact, the IRS does actually have a system behind its random selection of auditing returns. However, it refuses to reveal what the finer points of the system are to prevent tax evaders from defrauding it. Further, there is no way for taxpayers to avoid being randomly selected for auditing.

However, you may breeze through a random audit of your return by:

making sure you file your taxes on time each year
paying what you owe to the IRS
claiming all deductions to which you are rightfully entitled
hiring a tax professional to prepare your return and assist you in an audit if you are selected
If your return is in good order and you have paid your tax debt, chances are the audit will be more of a formality than an intensive review.

The IRS often uses data to identify what returns to audit each year. You can prepare your returns and lower your chances of an audit in some cases by understanding what processes the IRS uses to identify returns that may need further review.

So, if you have IRS Problems, Owe Taxes, have Past Due UnFiled Tax Returns and need IRS HELP – Take action today! You should work with a nationwide tax relief firm. Call Advance Tax Relief (800) 790-8574

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2017 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.  

Call our team today at 800-790-8574 for more information.
For a free consultation, schedule an appointment with us online.

Feel free to also learn about us and contact us via www.advancetaxrelief.com.

However, it doesn’t matter where you live, we service taxpayers nationwide.

We have settled millions in back tax penalties and interest for our clients nationwide.

Advance Tax Relief is a Professional Tax Relief Organization



OTHER LINKS:

Advance Tax Relief http://www.advancetaxrelief.com/audit-representation.html

Advance On Wordpress: https://advancetaxreliefblog.wordpress.com/

Advance Tax Youtube: https://www.youtube.com/channel/UCBqQtYZOrJDcoQwyiOgEwHw

Advance Tax Relief on Instagram: https://www.instagram.com/advancetaxreliefusa/

Advance Tax Relief LA; https://www.inglewoodtaxlawyers.com/

HOW TO REMOVE AN IRS TAX LIEN FROM YOUR CREDIT AND HOME

Federal liens are just like any other form of defaulted financial obligation in the damage they can do to your credit rating. Unlike unpaid medical bills, credit cards, car loans, and other expenses, IRS collection efforts can vary in how long they are reported by the government and stay on your record. You can take the necessary precautions now to protect your rating and record by discovering the full impact that comes with an IRS tax lien.

IRS BACK TAX PROBLEMS? CALL FOR IRS TAX HELP (800)790-8574

ADVANCE TAX RELIEF LLC

www.advancetaxrelief.com

BBB A+ Rated

Call (800)790-8574

***Our Tax Law Attorneys have successfully resolved millions in back taxes for our clients.

Unpaid Federal Tax Liens

Unpaid federal tax liens can in theory remain on your credit report forever. When the IRS cannot collect its debt from placing a lien on your bank account or other assets, it can by law continue to report and maintain this negative information on your report for as long as it wishes.

However, many times the federal government will stop reporting your unpaid tax lien after a certain length of time has passed. Many people see this information drop from their records after seven to 15 years.

Paid Tax Liens

If the IRS can collect its money by placing a lien on your assets, it can still report this information on your record for up to seven years. Even if the debt is paid in full, the lien may still show up when you check your credit for seven years from the date that you satisfied it.

Federal Tax Lien Withdrawal

You may be able to remove the negative information from your credit report before the seven to 15 year limit by making a formal request to the IRS. To make this official request, you must fill out and submit IRS Form 12277.

For your form to be considered and approved, you must meet several important criteria in regards to your tax debt. These criteria include:

ensuring that the lien is paid in full

filing returns and paying taxes for the last three years

being up-to-date on all current estimated tax payments and federal tax deposits

making or satisfying an Offer in Compromise (OIC) to pay the debt in full

If you cannot meet all or any of these stipulations, you still might be able to halt collection efforts against you by entering into an installment agreement with the IRS. The agreement will likewise stop the government from placing a lien on your assets. You may qualify for this debt repayment plan if:

you owe less than $25,000 in back taxes

the debt can be paid off in 60 months or sooner

you are current on filing and paying taxes for the last three years

you have made three on-time payments on your current tax debt

you have not previously defaulted on an IRS installment agreement

To request an installment agreement, you must complete and submit IRS Form 9465. You can also agree to automatic bank withdrawals of your monthly payments by using this form.

Professional Tax Assistance

If you are unsure of how to engage the IRS regarding your federal tax lien, you can get the experienced and empathetic help you need by retaining a tax professional. A tax pro knows the laws regarding what the IRS can and cannot do when collecting money from you.

A tax professional can tell you more about the best options to settle your debt. This individual can also complete and submit important IRS forms on your behalf.

The Fair Credit Reporting Act allows the IRS to include both unpaid and paid tax liens on your credit report. You can ask for a withdrawal or work out an installment agreement to protect your rating and have negative information removed from your file.

So, if you have IRS Problems, Owe Taxes, have Past Due UnFiled Tax Returns and need IRS HELP – Take action today! You should work with a nationwide tax relief firm. Call Advance Tax Relief (800) 790-8574

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2017 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more.

Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide.

Call our team today at 800-790-8574 for more information.

For a free consultation, schedule an appointment with us online.

Feel free to also learn about us and contact us via www.advancetaxrelief.com.

However, it doesn’t matter where you live, we service taxpayers nationwide.

We have settled millions in back tax penalties and interest for our clients nationwide.

Advance Tax Relief is a Professional Tax Relief Organization

OTHER LINKS:

Advance Tax Relief http://www.advancetaxrelief.com/audit-representation.html

Advance On Wordpress: https://advancetaxreliefblog.wordpress.com/

Advance Tax Youtube: https://www.youtube.com/channel/UCBqQtYZOrJDcoQwyiOgEwHw

Advance Tax Relief on Instagram: https://www.instagram.com/advancetaxreliefusa/

Advance Tax Relief LA; https://www.inglewoodtaxlawyers.com/