Contrary to popular belief, the IRS does make visits to a taxpayer at their residence or business. This is done by Revenue Officers. They are located in offices across the country. I was part of a territory that covered Minnesota, North Dakota, South Dakota, Iowa, Nebraska. My post of duty was Sioux City, IA and worked with taxpayers in all of those states.
Thoughts
I am still working on getting things set up for this virtual business. I was thinking of marketing, fees, software, etc.
I wanted to touch on a marketing letter a taxpayer received when I was an RO. They called me because they thought it came from the IRS. I received a copy and discovered it was a marketing letter from a tax resolution firm.
Scam Alert
I was watching the news and there was a phone scam story. People use your brains. If someone calls you saying you owe money that you did not already know about, well, need I say more.
Every time I have (way back when) owed money that I have not paid, I received a letter about it. I knew what I owed. About 5 years ago, I forgot a traffic ticket. I received a notice and I went to the courthouse and paid it. If I had received a phone call, I would have just said that was paid and hang up.
The IRS does not call and threaten arrest, jail time, and get abusive on the phone. You may think your assigned revenue officer is unreasonable, harsh, threatening, etc. Some are naturally blunt about stuff. If you have questions about them ask for the manager, call the IRS 800-829-1040, go online at irs.gov, or talk to your local accountant, bookkeeper, etc.
Go to IRS website for more information on scams and fraud alerts.
Thank you.
Every time I have (way back when) owed money that I have not paid, I received a letter about it. I knew what I owed. About 5 years ago, I forgot a traffic ticket. I received a notice and I went to the courthouse and paid it. If I had received a phone call, I would have just said that was paid and hang up.
The IRS does not call and threaten arrest, jail time, and get abusive on the phone. You may think your assigned revenue officer is unreasonable, harsh, threatening, etc. Some are naturally blunt about stuff. If you have questions about them ask for the manager, call the IRS 800-829-1040, go online at irs.gov, or talk to your local accountant, bookkeeper, etc.
Go to IRS website for more information on scams and fraud alerts.
Thank you.
What is income?
This a copy and paste from the Internal Revenue Service
You can receive income in the form
of money, property, or services. This section discusses many kinds of income
that are taxable or nontaxable. It includes discussions on employee wages and
fringe benefits, and income from bartering, partnerships, S corporations, and
royalties. The information on this page should not be construed as
all-inclusive. Other steps may be appropriate for your specific type of
business.
What is tax resolution?
It is satisfying a tax debt or delinquent returns with the Internal Revenue Service. This is done in several ways: full payment, installment agreement, abatement of a tax and penalties, offer in compromise, etc.
At this time I am not going to provide tax return preparation. If you have a delinquent return issue then I am recommending contacting a local CPA to assist in preparation of them and subsequent representation to satisfy the balance due (if applicable). Remember if you have a refund for tax years over three year old, those will be forfeit (lost).
At this time I am not going to provide tax return preparation. If you have a delinquent return issue then I am recommending contacting a local CPA to assist in preparation of them and subsequent representation to satisfy the balance due (if applicable). Remember if you have a refund for tax years over three year old, those will be forfeit (lost).
Payroll taxes
You, as a business owner, must understand that you and you alone are responsible for everything your business does. It does not matter if you are a sole-proprietorship, corporation, partnership, LLC, LLP, or any other form of business. As President, Secretary, Treasurer, partner, director, other "officer" of the business you have what is called a fiduciary (financial) responsibility to the company. It means you could be held financially liable for decisions you make. I am not going to get into the legalities of corporate or partnership protections within the law.
Welcome
This blog and the attached pages are for my business as a Tax Resolution Service.
I spent 16 years in the US Air Force. During that time I worked several part time jobs (they really ended up be full time) that included door to door sales, car sales, insurance agent, real estate investor, hamburger flipper, convenience store clerk, small business consultant, and a lot more. I finally received an Associate Degree in Business Administration and a Bachelors in Business Management. After all that, I spent 17 years with the Internal Revenue Service as a Revenue Officer. So there it is. Basically, been there, done that.
I spent 16 years in the US Air Force. During that time I worked several part time jobs (they really ended up be full time) that included door to door sales, car sales, insurance agent, real estate investor, hamburger flipper, convenience store clerk, small business consultant, and a lot more. I finally received an Associate Degree in Business Administration and a Bachelors in Business Management. After all that, I spent 17 years with the Internal Revenue Service as a Revenue Officer. So there it is. Basically, been there, done that.
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