The average owner of a small business typically reports a loss in their first year of operation. But when the IRS steps in, many first-timers do not even stand a chance. It is important to stay one step ahead of the game when it comes to obeying Tax Laws. Small Business owners need to make sure they avoid the common problems Small Businesses run into with the IRS.The average owner of a small business typically reports a loss in their first year of operation. But when the IRS steps in, many first-timers do not even stand a chance. It is important to stay one step ahead of the game when it comes to obeying Tax Laws. Small Business owners need to make sure they avoid the common problems Small Businesses run into with the IRS.Many times, because truck drivers are on the road it is hard to become aware of IRS and State notices and letters. With your frequency on the road and time gone from home, these IRS or State notices and bills are never received or are lost in the pile of mail you have when you get home. The last thing truckers want to deal with while they’re home for a short period of time is the IRS or State. As a trucker it is difficult enough to file tax returns annually, but 1099 or self-employed truck drivers need to make quarterly estimated payments as well to avoid a large unpaid balance at the end of the year.Many times, because truck drivers are on the road it is hard to become aware of IRS and State notices and letters. With your frequency on the road and time gone from home, these IRS or State notices and bills are never received or are lost in the pile of mail you have when you get home. The last thing truckers want to deal with while they’re home for a short period of time is the IRS or State. As a trucker it is difficult enough to file tax returns annually, but 1099 or self-employed truck drivers need to make quarterly estimated payments as well to avoid a large unpaid balance at the end of the year.Frequently that taxpayers do not file tax returns for one or more years for various reasons. Missing all or a portion of their records, personal hardship and/or neglect are one of many reasons to fall behind. Fortunately there are ways to approach the problem of unfiled returns.Frequently that taxpayers do not file tax returns for one or more years for various reasons. Missing all or a portion of their records, personal hardship and/or neglect are one of many reasons to fall behind. Fortunately there are ways to approach the problem of unfiled returns.Typically, those who owe the IRS, also end up owing state tax. State tax collection authorities have tremendous reach and are generally more aggressive in their collection efforts. Most states offer similar versions of the Offer in Compromise program , and will offer payment plans and amnesty from penalties and interest if successfully approached to provide a relief in state tax problems.Typically, those who owe the IRS, also end up owing state tax. State tax collection authorities have tremendous reach and are generally more aggressive in their collection efforts. Most states offer similar versions of the Offer in Compromise program , and will offer payment plans and amnesty from penalties and interest if successfully approached to provide a relief in state tax problems.Besides the “Offer in Compromise” the IRS offers an alternative program for reducing delinquent tax debt. Clients seeking tax relief from their IRS liability can still be helped. We can work with you and make payment arrangements that the IRS will allow. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we are able to challenge the penalties and interest ( Penalty Abatement ) that have built up.Besides the “Offer in Compromise” the IRS offers an alternative program for reducing delinquent tax debt. Clients seeking tax relief from their IRS liability can still be helped. We can work with you and make payment arrangements that the IRS will allow. If there were circumstances beyond your control that prevented you from paying your tax debt and led to delinquency, we are able to challenge the penalties and interest ( Penalty Abatement ) that have built up.An Offer in Compromise (OIC) is an agreement filed by a taxpayer which offers a payment to the IRS that is less than the full amount of tax debts owed. Once the IRS has establishes your need for tax relief under one of the following premises they may approve your OIC. Our attorneys have the experience and knowledge to not only deal with OIC’s but to repeal OIC’s that have been revoked.An Offer in Compromise (OIC) is an agreement filed by a taxpayer which offers a payment to the IRS that is less than the full amount of tax debts owed. Once the IRS has establishes your need for tax relief under one of the following premises they may approve your OIC. Our attorneys have the experience and knowledge to not only deal with OIC’s but to repeal OIC’s that have been revoked.This is one of the common ways of repaying a tax debt. The idea is that you will have to pay back your tax debt, including penalties and interest, in small amounts, usually in the form of monthly payments. This agreement is best done between your tax professional and the IRS. Religiously paying the monthly payments will ultimately lead you to being tax debt free.This is one of the common ways of repaying a tax debt. The idea is that you will have to pay back your tax debt, including penalties and interest, in small amounts, usually in the form of monthly payments. This agreement is best done between your tax professional and the IRS. Religiously paying the monthly payments will ultimately lead you to being tax debt free.The Freedom of Information Act (FOIA), enacted in 1966, generally provides that any person has the right to request access to federal agency records or information. Federal agencies are required to disclose records upon receiving a written request for them, except for those records that are protected from disclosure by any of the nine exemptions or three exclusions of the FOIA. This right of access is enforceable in court.The Freedom of Information Act (FOIA), enacted in 1966, generally provides that any person has the right to request access to federal agency records or information. Federal agencies are required to disclose records upon receiving a written request for them, except for those records that are protected from disclosure by any of the nine exemptions or three exclusions of the FOIA. This right of access is enforceable in court.You can ask the IRS to place your tax accounts into “currently not collectible” status until you are able to make monthly payments. What is Currently Not Collectible Status? If the IRS agrees that you do not have enough income to make monthly payments towards your tax debt, it will place your accounts into “currently not collectible” status. Although the IRS will continue to add penalties and interest to the amount due, the IRS will not try to collect the unpaid tax from you. Your tax accounts can remain in currently not collectible status as long as you cannot afford monthly payments.You can ask the IRS to place your tax accounts into “currently not collectible” status until you are able to make monthly payments. What is Currently Not Collectible Status? If the IRS agrees that you do not have enough income to make monthly payments towards your tax debt, it will place your accounts into “currently not collectible” status. Although the IRS will continue to add penalties and interest to the amount due, the IRS will not try to collect the unpaid tax from you. Your tax accounts can remain in currently not collectible status as long as you cannot afford monthly payments.We will provide you the experience and professionalism when dealing with your IRS or State audit. For a personal audit it is important to understand that returns are usually selected for statistical reasons. By contacting us we are able to become a buffer between you and the IRS and/or State. If you have a business audit, it is important to understand your rights. Before you allow them to take computers, records, even enter your place of business. STOP!! Understand your rights.We will provide you the experience and professionalism when dealing with your IRS or State audit. For a personal audit it is important to understand that returns are usually selected for statistical reasons. By contacting us we are able to become a buffer between you and the IRS and/or State. If you have a business audit, it is important to understand your rights. Before you allow them to take computers, records, even enter your place of business. STOP!! Understand your rights.At Anthem Tax Services we will record all your day-to-day financial transactions for your business or if you’re a self-employed individual.  We will be responsible to go through all of your bank transactions, credit card transactions, receipts and payments and categorize them to generate a profit & loss.  In doing this… we will help you forecast your financials and in doing so you will learn what needs budgeting and what to pay towards your estimated tax payments.If you got a notice from the IRS or State about an audit…don’t worry!  With 30+ years of experience in tax laws and enforcing tax codes.  Going through an audit is one of the most time consuming and mentally draining things a person or business can go through.  Our advice? Don’t do this alone…ever.  Anthem Tax Service’s is here to be with you every step of the way and until the audit is closed.  Anthem Tax Services will defend your income tax return through the highest level of appeals, schedule and attend all audit appointments on your behalf. Our priority is to minimize or possibly eliminate any financial impact the audit may have on you!Anthem Tax Services provides tax preparation services for individuals and businesses. We have experience in preparing returns for small startups to 100+ employee corporations. If you have multiple years of unfiled returns, don’t worry! We can get all your old income documents directly from the IRS to make it as easy as possible for you. This applies for business’s as well…all you need is your existing tax ID number and let us do the rest. Typically our turnaround time for tax returns are about 7-14 business days as long as you can provide us with very simple paperwork.. Whatever your tax needs are we got you covered! What are you waiting for? Call today!If you have a tax debt with the IRS or State we are here to help..  What many people and business’s don’t know is the IRS and State have created many different tax laws and tax codes that can drastically reduce and or possibly eliminate a person(s) or business(s) tax debt under many different circumstances.  At Anthem Tax Services we provide solutions to delinquent tax payers to settle their back taxes…often for pennies on the dollar.  Typically a case can take anywhere from 30-120 days (depending on the client) to submit all the necessary paperwork to the IRS or State to resolve their back taxes. Don’t let the IRS or State intimidate you when you can have a team with 30+ years of experience deal with it all!Bank levy and wage garnishment can be the most stressful and humiliating of all collection tactics.  They do this to force taxpayers into willful compliance.  Anthem Tax Services can not only prevent these from happening, but can get these lifted and stopped.  We know your rights as taxpayer and we are here to help.  If you have a current wage garnishment or bank levy we can typically get these released within 48 hours as long as all of your tax returns are filed.Bank levy and wage garnishment can be the most stressful and humiliating of all collection tactics.  They do this to force taxpayers into willful compliance.  Anthem Tax Services can not only prevent these from happening, but can get these lifted and stopped.  We know your rights as taxpayer and we are here to help.  If you have a current wage garnishment or bank levy we can typically get these released within 48 hours as long as all of your tax returns are filed.At Anthem Tax Services we will record all your day-to-day financial transactions for your business or if you’re a self-employed individual.  We will be responsible to go through all of your bank transactions, credit card transactions, receipts and payments and categorize them to generate a profit & loss.  In doing this… we will help you forecast your financials and in doing so you will learn what needs budgeting and what to pay towards your estimated tax payments.If you got a notice from the IRS or State about an audit…don’t worry!  With 30+ years of experience in tax laws and enforcing tax codes.  Going through an audit is one of the most time consuming and mentally draining things a person or business can go through.  Our advice? Don’t do this alone…ever.  Anthem Tax Service’s is here to be with you every step of the way and until the audit is closed.  Anthem Tax Services will defend your income tax return through the highest level of appeals, schedule and attend all audit appointments on your behalf. Our priority is to minimize or possibly eliminate any financial impact the audit may have on you!Anthem Tax Services provides tax preparation services for individuals and businesses. We have experience in preparing returns for small startups to 100+ employee corporations. If you have multiple years of unfiled returns, don’t worry! We can get all your old income documents directly from the IRS to make it as easy as possible for you. This applies for business’s as well…all you need is your existing tax ID number and let us do the rest. Typically our turnaround time for tax returns are about 7-14 business days as long as you can provide us with very simple paperwork.. Whatever your tax needs are we got you covered! What are you waiting for? Call today!If you have a tax debt with the IRS or State we are here to help..  What many people and business’s don’t know is the IRS and State have created many different tax laws and tax codes that can drastically reduce and or possibly eliminate a person(s) or business(s) tax debt under many different circumstances.  At Anthem Tax Services we provide solutions to delinquent tax payers to settle their back taxes…often for pennies on the dollar.  Typically a case can take anywhere from 30-120 days (depending on the client) to submit all the necessary paperwork to the IRS or State to resolve their back taxes. Don’t let the IRS or State intimidate you when you can have a team with 30+ years of experience deal with it all!

Anthem Tax Services Says: Beware of Last Minute Email Scams Says IRS & State Taxing Authorities

IR-2017-64, March 17, 2017

WASHINGTON — The Internal Revenue Service, state tax agencies and the tax industry today warned both tax professionals and taxpayers of last-minute phishing email scams, especially those requesting last-minute deposit changes for refunds or account updates.

As the 2017 tax filing season winds down to the April 18 deadline, tax-related scams of various sorts are at their peak. The IRS urged both tax professionals and taxpayers to be on guard against suspicious activity.

The IRS, state tax agencies and the tax industry, acting as the Security Summit, enacted many safeguards against identity theft for 2017, but cybercriminals are ever evolving and make use of sophisticated scams to trick people into divulging sensitive data.

For example, one new scam poses as taxpayers asking their tax preparer to make a last-minute change to their refund destination, often to a prepaid debit card. The IRS urges tax preparers to verbally reconfirm information with the client should they receive last-minute email request to change an address or direct deposit account for refunds.

The IRS also suggests that tax professionals change and strengthen their own email passwords to better protect their email accounts used to exchange sensitive data with clients.

This is also the time of year when taxpayers may see scam emails from their tax software provider or others asking them to update online accounts. Taxpayers should learn to recognize phishing emails, calls or texts that pose as familiar organizations such as banks, credit card companies, tax software providers or even the IRS. These ruses generally urge taxpayers to give up sensitive data such as passwords, Social Security numbers and bank account or credit card numbers.

Taxpayers who receive suspicious emails purporting to be from a tax software provider or from the IRS should forward them to phishing@irs.gov. Remember: never open an attachment or link from an unknown or suspicious source. It may infect your computer with malware or steal information. Also, the IRS does not send unsolicited emails or request sensitive data via email.

The Security Summit maintains a public awareness campaign for taxpayers – Taxes. Security. Together. – and an awareness campaign for tax professionals – Protect Your Clients; Protect Yourself – as part of its effort to combat identity theft.