IRS Phone Numbers
It’s time to really start thinking about taxes and setting up a strategy now! We brought together some relevant contact information for the IRS that you may find useful.
Where a preparer organizes and gets something ready, an innovator combines knowledge and creative ideas toward the application of better solutions. A tax innovator is what you need in 2018.
To achieve maximum tax savings, you should be talking with your CPA now on appropriate strategies. It’s especially important to get an early start this year because the Tax Cuts and Jobs Act (TCJA) has substantially changed the tax environment.
Are you selling Stock Options or Appreciated Real Estate Taxes?
Cost Segregation is a strategic tax savings tool that allows individuals and companies, who have constructed, purchased, expanded or remodeled any kind of real estate, to increase their cash flow by accelerating depreciation deductions and deferring federal and state income taxes.
If you owe back taxes to the IRS, some amount of panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most brutal collection agency on the planet.
It is easy to freeze up and just do nothing when you owe back taxes to the IRS, but hiding from, or doing nothing about your tax debt will not make it go away. In fact, ignoring the taxes you owe will only make the situation worse, since interest and penalties can really add up. You also risk having your paycheck garnished (the IRS does need a court order to do this) or your bank account levied. The IRS can also file a Notice of Federal Tax Lien making it all but impossible to obtain financing for a car or home.
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