With the filing deadline moving from the traditional date of April 15th to July 15th because of the coronavirus pandemic, it can be tempting to put off filing your taxes for as long as possible. Most taxpayers dread the tedious task of compiling their financial records, tax documents and filing their taxes. Unfortunately, the longer […]
Author Archives: Marc Cortez
How to Handle Your Taxes During an Economic Crisis
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. Even so, how you handle yourself and your money during […]
Is The IRS Going Soft On Tax Payers Due To COVID?
IS THE IRS COMMISSIONER MY NEW BEST FRIEND? Perhaps a little bit, but he’s not that much into you and definitely not for long. Yes, in response to the COVID-19 outbreak the Treasury Department and the Internal Revenue Service provided special tax filing and payment relief to individuals and businesses. The filing deadline for tax […]
The “Peoples First” Initiative From Our New Best Friends At The IRS.
“One thing is clear: The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.” – Ron Paul If you’ve read some of our prior blog posts you already know our policy to interactions with the IRS comes down to a simple Reganesque axiom. WE RESPECT […]
Part 2: Tax Relief and COVID-19
COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces with the prolonged shut down and “stay-at-home” orders. In just the first […]
Tax Day Is Now July 15, Here’s What You Need To Know.
COVID-19 turned the world upside down. With most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe, it was just a matter of time before the IRS postponed tax day. On March 21, 2020, the IRS announced that they’d be delaying the tax filing deadline that […]
Tax Relief and COVID-19
Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job. Businesses who had record […]
Can I Pay Installments on Federal Income Taxes I Owe If I Can’t Afford to Pay it All at Once?
Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and they’ll increasingly find themselves unable to pay up all at once. In this article, we walk you through IRS installment agreements and what to do if you can’t afford […]
You Might Be A Strong Candidate For An IRS Offer-In-Compromise (OIC)
People with significant tax debt and an inability to pay are the least likely to come forward to obtain tax relief despite being some of the most eligible candidates. Strangely this is especially frequent with what the IRS refers to as “hopeless cases”, i.e. people who owe more tax debt than would be reasonably collectible […]
Resolving Issues With Back Taxes
In our experience Americans who end up with back taxes issues are not bad people or even scofflaws. The reality is that bad things happen all the time to good people who’ve done nothing to deserve them. Health issues, job loss, divorce and bad investments all contribute to this crisis. Bad Things Happen To Good […]
