Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing their taxes. Unfortunately, the longer you procrastinate doing your taxes, the greater the chances that something will go wrong. And if you owe money to the IRS, the more penalties and interest you will have to pay. Often, it is a better idea to file your taxes sooner rather than later.
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Why You Shouldn't Put Off Filing Your Taxes
Author: Vicki R. Bott, MBA, CPA | | Categories: Back Taxes , Behind on Taxes , Can't Pay Taxes , Fear of IRS , Fear of the IRS , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , penalities and interest , Refunds , Resolving Tax Problems , Surprised by Taxes Due , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unplanned Taxes to be Paid
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How to Handle Your Taxes During an Economic Crisis
Author: David F. Bott, CPA/ PFS | | Categories: Back Taxes , Behind on Taxes , Can't Pay Taxes , Did not file income tax returns , Extensions , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS , IRS Problem , IRS Problem Resolution Services , IRS Problems , Late Tax Filing , old income tax returns , Resolving Tax Problems , Surprised by Taxes Due , Tax Planning , Tax Preparation , Tax Problem Solution Services , Tax Relief , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unplanned Taxes to be Paid
Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous, or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy.
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Part 2: Tax Relief and COVID-19
Author: Vicki R. Bott, MBA, CPA | | Categories: Behind on Taxes , Can't Pay Taxes , Certified Public Accountants , CPA , Currently Not Collectible , Income Tax Preparation , Income Tax Problem , IRS , IRS Problem , IRS Problem Resolution Services , Late Tax Filing , Offer in Compromise , Resolving Tax Problems , Tax Debt , Tax Problem Solution Services , Tax Professionals , Unfiled income tax returns
In just the first 6 weeks of the pandemic, 30 million people filed for unemployment, with that number continuing to climb. We’re now almost certainly in the midst of the most difficult financial crisis we’ve seen in the last 100 years. As an expert tax resolution firm, our job is to help restore the taxpayers financial life when they find themselves in tax trouble, often because of a difficult financial situation.
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Tax Resolution and Your Finances: What is an Offer in Compromise?
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Back Taxes , Behind on Taxes , Can't Pay Taxes , Certified Public Accountants , CPA , CPA Firm , CPAs , Did not file income tax returns , Fear of the IRS , Income Tax Preparation , Income Tax Problem , Internal Revenue Service , IRS , IRS Audits , IRS Collection Tactics , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Late Tax Filing , Offer in Compromise , old income tax returns , Payroll Tax Problems , penalities and interest , Penalties , Resolving Tax Problems , Small Business Accounting , Small Business Tax , Tax Debt , Tax Preparation , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , Unpaid Income Tax Withholdings
An experienced tax resolution specialist will have thorough knowledge of all the IRS programs, including the offer in compromise option. Call us today for help. (405) 721-8558.
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What to Do If You Have Unfiled Tax Returns
Author: David Bott | | Categories: Audits , Back Taxes , Behind on Taxes , Did not file income tax returns , Income Tax Preparation , Internal Revenue Service , IRS Problem , IRS Problem Resolution Services , IRS Problems , IRS Tax Help , Late Tax Filing , old income tax returns , Resolving Tax Problems , Tax Debt , Tax Problem Solution Services , Tax Problems , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns , What Do I Do If the IRS Calls to Audit Me?
Simply knowing that you have unfiled tax returns can be a source of stress. Even if you think you will continue to fly under the IRS radar, you never know when the tax agency could come calling. So do yourself, and your sanity, a favor by filing those back tax returns now; it is not as scary as you think.
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Tax Resolution and Your Finances: What is an Offer in Compromise?
Author: David F. Bott, CPA/ PFS | | Categories: Can't Pay Taxes , Fear of the IRS , Income Tax Problem , IRS Problem , IRS Problems , IRS Tax Help , Offer in Compromise , penalities and interest , Resolving Tax Problems , Surprised by Taxes Due , Tax Debt , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Return Amounts Due , Unfiled income tax returns
The offer in compromise is a widely known, yet little understood, part of the tax code, and it can be extremely complicated to navigate. Not all taxpayers will qualify for the offer in compromise program, and even those who qualify may have trouble navigating the ins and outs of the IRS.
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Season’s Greetings from Bott CPA Services
Author: David F. Bott, CPA/ PFS | | Categories: Accounting Services , Audits , Behind on Taxes , Certified Public Accountants , CPA , CPA Firm , Extensions , Fear of the IRS , Income Tax Problem , IRS , IRS Audits , IRS Problem , IRS Problems , IRS Tax Help , IRS Tax Liens , Small Business Tax , Surprised by Taxes Due , Tax Levy , Tax Planning , Tax Problem Solution Services , Tax Problems , Tax Professionals , Tax Resolution Specialist , Tax Return Amounts Due , Unfiled income tax returns
Bott CPA Services. wishes you and your family a happy and safe holiday season, and all the best for the New Year 2020!
If you need any assistance from me during this time, feel free to get in touch with me by clicking here.
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4 Mistakes That You Don't Want to Make When Filing Your Taxes.
Author: Vicki R. Bott, MBA, CPA | | Categories: Did not file income tax returns , Fear of the IRS , Filing Mistakes , Income Tax Problem , IRS Audits , IRS Problem , Late Tax Filing , Tax Preparation , Tax Problem Solution Services , Tax Problems , Unfiled income tax returns
It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It's important to remember that if you make mistakes that are serious enough, you might end up triggering an audit of your tax return or owe more in back taxes.
