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Plan Life's Journey

Life’s Journey

Let’s plan the journey together!

Palma Financial Services, Inc. is a Dublin CPA firm with a strong client satisfaction focus. We average 4.9/5 star reviews because of our team efforts to exceed our clients’ expectations. Our services include:

  • Accounting
  • Bookkeeping
  • Business Planning
  • College Planning
  • Cost Segregation
  • Life Insurance
  • Retirement Planning
  • Tax Planning
  • Tax Resolution
  • Financial Seminars
  • and more

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Do You Owe Back Taxes? We Expertly Reduce The Worry Out

Don’t Worry

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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2017 & 2018 Taxes: Make Sure to Report Your Bitcoin Transactions: $20,000 Threshold

2017 & 2018 Taxes: Make Sure to Report Your Bitcoin Transactions: $20,000 Threshold

Bitcoin and Taxes: Coinbase is Complying with the IRS’s Reporting Requirements.

Remember to Report Your Bitcoin Transactions.

Tax consequences from the sale and trade of bitcoins vary around the world, U.S. taxpayers must treat bitcoins and other “convertible” virtual currency as capital assets and not as currency. Internal Revenue Service (IRS) guidance released in 2014 made clear that capital gains rules apply to any gains or losses following a taxable event.

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The Tax Reform & Tax Rate Changes You Should Know

The Tax Reform & Tax Rate Changes You Should Know

On December 20, the House approved H.R. 1, the “Tax Cuts and Jobs Act,” the sweeping tax reform measure, by a vote of 224 to 201. The Senate had passed the measure, as revised to address some procedural complications, the night before, and the bill was signed into law by President Trump on December 22, 2017.

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