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Applying for the Fresh Start program can be a complicated undertaking that you may not understand, or be prepared to provide the right information for approval. To ensure you are enrolled successfully in an affordable payment plan that best fits your financial situation, you should speak with an experienced Tax Advisor […]
Tax abatement programs may get rid of or reduce the property tax owners pay on new construction, rehab and/or major improvements. Keep in mind, you'll still need to pay taxes on the value of the property before it was improved. However, the cost savings can be significant. For instance, let’s say the tax abatement […]
Step 1: Collect all of your Tax Preparation documents
In order to prepare your back tax returns accurately, you will need all of your W2’s, 1098’s, 1099’s, etc., for each unfiled tax year. If you have business income and expenses, you’ll need to round up all of your receipts in order to take advantage of each and every deduction you’re eligible for, to offset your taxable income.
Step 2: Get your IRS Tax Records
If you don’t have all of your tax preparation documents, you can call the IRS to request your transcripts by phone. Also, you can request your [...]
Owe the IRS and wonder What You Can Do?
Three Simple "Fox Tax Tips"
Fox Tax Tip #1: Get a Short-Term Extension
If you owe a relatively small amount that you can pay within 120 days, call the IRS to request a short-term extension of time to pay, more often than not, they will agree […]
Owe the IRS and think you’ll never get your life back on track?
Well that’s what delinquent taxpayer Michael thought, before he called Fox Tax Solutions…
He owed back taxes, was receiving threatening letters from the IRS, and didn’t know exactly which Tax Relief Programs he was eligible for.
Just recently, Michael received a tax debt settlement letter from the IRS, and here’s what he had to say […]
The Biggest Mistakes To Avoid If You Still Owe The IRS
Today, recent studies show that many of America's delinquent Individual and Small Business Taxpayers, may actually think that if they simply ignore letters from the IRS or refuse to return any of their phone calls, that the IRS will simply forget about them and move on […]