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Tax News

Do you have federal tax returns from previous years that you haven’t filed? If your 2012 tax returns were never filed, then you should definitely reconsider. The IRS released a press release last week saying:

Do You Really Want to Talk to the Revenue Officer?

Quick answer: No, you don’t.

As we gear up for Tax Day – which is on April 18th this year! – we’re doing a series of posts for the small business owners who most frequently come to us with questions. This week, we’re discussing a deduction we hope you won’t need – a tax writeoff for employee theft or embezzlement.

Do you have unpaid debts? If yes, the Treasury Offset Program, operated by the Treasury Department’s Financial Management Service, may apply your tax refund to your delinquent debts. This program is not only for unpaid federal government debt, it can also be used for unpaid child support, unpaid State taxes or student loans. If you have received a letter stating that your refund will be applied to an unpaid debt you may dispute the claims if they are false, but be proactive. You only have 60 days.

Our Vice President and Managing Attorney Rachel Pappy was interviewed by Fox 25 Morning Anchor Leslie Draffin on Wednesday, February 24, 2016. 

Check out the interview and learn the top things to keep in mind this tax season, including why the tax deadline was pushed back to April 18th.

As we gear up for Tax Day – which is on April 18th this year! – we’re doing a series of posts for the small business owners who most frequently come to us with questions. What kinds of industry-specific tax breaks can you expect this year? And how should you prepare? We’ll spill all the details below.

We’re always here to offer a lending hand come tax season, but did you know we also offer tax preparation services to help create resolutions with the IRS or State? You must be fully compliant in order to have an accepted resolution. You may be thinking, “What exactly does tax compliance entail and why is it important?” Here’s the low-down: 

Feb 11, 2016

Tax Return Alert!

Please be aware that some tax software may not give you a correct tax return if you used the Health Marketplace to get your health insurance. We have a specific example from H&R Block. If you have experienced issues with another online tax software, please let us know!

The IRS can be tough to navigate. At the Law Offices of Rod Polston, it's our job to look out for our clients, and guide them through whatever process needed to resolve their tax issues. But the IRS has also taken steps to protect taxpayers: Publication 1, also known as the Taxpayer Bill of Rights lays out the fundamental rights every taxpayer should know when dealing with the IRS.  As a taxpayer, you have the right to:

Happy 2016! We mean that literally.

As tax season rolls around, the IRS has issued a few announcements that should make you very happy indeed.