Stewart R. Custis

Ignoring Those IRS Notices Only Makes It Worse

Remember those 1099s, W-2s, K-1s and other informational forms you receive each year reporting your interest, dividends, sales, wages, retirement income, IRA withdrawals, health insurance forms and other items having to do with your tax return? Well, the IRS also gets this information and feeds it into its computers. Thanks to modern computer technology, the …

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Do You Owe More Than $20,000 in Taxes? – Seek a Tax Resolution Specialist

If you have a tax liability problem, your tax situation can spiral out of your control before you realize it has happened. If you owe the IRS more than what you can afford, and if you don’t act to resolve it right away, you can find yourself in major trouble. Some people think that tax …

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IRS will enforce health coverage reporting on 2017 returns

On Friday, the IRS updated its page on health care reporting requirements to inform taxpayers and tax practitioners that it will not accept electronically filed 2017 individual income tax returns unless taxpayers indicate that they and everyone on their return had health care coverage, qualified for an exemption from coverage, or will make a shared-responsibility …

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THE IRS COVID-19 HONEYMOON FOR DELINQUENT TAXPAYERS IS OVER: WHY TO ACT NOW IF YOU OWE

It seems like yesterday when the IRS suspended bank levies, liens, and wage garnishments at the onset of the COVID-19 pandemic.  Now, that honeymoon is over, and the IRS will be as money-hungry as ever.  On the other side of that coin, there may be no better time than now to take advantage of tax relief programs.  I’ll explain how …

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