Regular Post
Written by Scott Allen

Scott Allen E.A. Provides Personalized IRS Tax Services in Tempe AZ

It’s hard to imagine someone providing more personalized IRS tax services near Tempe AZ than Scott Allen E.A.  Here’s why:

  • Scott Allen E.A. has been involved in his family tax business for over 20 years.
  • You will only work with Scott Allen E.A. from beginning to end.
  • Scott is licensed to represent you before the IRS in all 50 states.
  • Scott’s office is here in Mesa, not Colorado, not California, not Texas or any other state.  Be leery of if you are calling an “800” phone number to a firm outside of your local area.  The greater the distance between you and your representative the more likely to get less personalized service.
  • Scott will not take on your case unless it is in your best interest.  That’s why his company has been providing IRS tax help since 1977.
  • Scott promises you straight answers and follow through service and guarantees the most aggressive tax preparation and IRS settlements allowed by law.

Scott Allen near Tempe AZ offers a free initial consultation for all IRS tax service needs.  Call Scott today at 480-926-9300.  He will make today a great day for you!

– – info@taxdebtadvisors.com

Income Tax Preparation, IRS Problems
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Regular Post
Written by Scott Allen

How many years do I need to file delinquent returns? From Tax Debt Advisors, Inc.

File Delinquent Tax Returns Tempe AZ

This period has varied over the last 44 years.  It has been as many as 10 years and as short as 6 years plus the current year.  We will determine though discussions with the IRS how many years they requesting if we are working with an Agent.  If we are dealing with the Automated Collection System and you have income that has been reported to the IRS, this information is kept on their computers for 10 years and they may require you to file back tax returns for all of them.

Scott Allen, E.A. – Tax Debt Advisors, Inc helps file delinquent tax returns Tempe AZ

www.TaxDebtAdvisors.com

 

 

BACK TAX RETURNS, Income Tax Preparation, IRS Problems, Unfiled Tax Returns
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Regular Post
Written by Scott Allen

Can other government agencies take my refund? From Tax Debt Advisors, Inc.

Someone took my IRS Refund

The IRS will send your refund to other government agencies.  This includes debts owed on back child support.  If there is an error on your child support debt, you should contact the agency directly.  Calling the IRS about the error will not stop your refund or future refunds from going towards the debt owed.

If you do not want your refund to go towards past child support payments—adjust your withholdings so that you only have enough withheld to cover your tax liability.  This will give you time to work out any disagreement you have over amounts due without losing future refunds.

Scott Allen, E.A. – Tax Debt Advisors, Inc

www.TaxDebtAdvisors.com

 

Income Tax Preparation, IRS Problems, Tax Preparation
0
Regular Post
Written by Scott Allen

Can I appeal what the IRS says I owe? From Tax Debt Advisors, Inc.

Appeal what the IRS says I owe

Yes, but there are procedures that need to be followed exactly and timely to get appropriate relief.  There are two kinds of appeals.

The first is a Collection Due Process (CDP) appeal which is filed on IRS Form 12153.  This appeal is used when you have received an IRS Notice of Federal Tax Lien, a Final Notice of Intent of Levy or a Levy on your state refund.

The second is a Collection Appeals Program (CAP) which is filed on IRS Form 9423.  This is appeal is used when the IRS rejects your proposed installment agreement, termination of your installment agreement, when the IRS levies or seizes your property and when the IRS files a Notice of Federal Tax Lien.

Call me today if you are facing any of these threatening IRS actions to schedule a free consultation on how I can help you appeal your case.

 Scott Allen, E.A. – Tax Debt Advisors, Inc

Phone:  480-926-9300

www.TaxDebtAdvisors.com

 

Income Tax Preparation, IRS Appeals, IRS Problems, Tax Preparation
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Regular Post
Written by Scott Allen

Mesa Tax Preparation: Capital Gains Tax & Losses explained simply

Mesa Tax Preparation

At times capital gains & losses can be very tricky on how to correctly report on your Mesa Tax Preparation.  Below I have explained it as simply as I can.  If you find it confusing or are still unsure its important to seek advise from  a professional.  I don’t charge for an initial consultation to discuss your particular case.

If you realize a profit when you sell an asset, such as a stock, you have a capital gain. In other words, if you sell an asset for more than you bought it for, you made a profit and will need to pay capital gains tax. The IRS differentiates between long-term capital gains (on assets held for over one year before selling) and short-term capital gains (sold within one year or less). The tax rate for long-term capital gains is lower than short-term. You may be required to make estimated payments if you have a large amount of capital gains.

If you have capital losses (the sale price is lower than what you paid originally), you can claim no more than $3,000 per year (married filing jointly). You may be able to carry the loss forward to later years if your total loss is over $3,000.

For a more detailed explanation of capital gains & losses for your Mesa Tax Preparation click on the following link (IRS Topic 409)

Tax Debt Advisors, Inc – Scott Allen, E.A.   www.TaxDebtAdvisors.com

 

Income Tax Preparation, IRS Tax Attorney, Tax Preparation
3
Regular Post
Written by Scott Allen

Tax Preparation: Form 8839 – Qualified Adoption Expenses

Information to consider when claiming the Adoption Credit:

If you are considering adopting a child, you may qualify for the adoption tax credit, which is up to $14,890 per child.

In order to qualify, you must have adopted a child and paid out-of-pocket expenses relating to the adoption.  The amount of the tax credit is depended on the amount you spent on adoption-related expenses.  If you adopt a special needs child you are entitled to claim the full amount of the adoption credit even if you didn’t spend the full $14,890.

The adoption credit was scheduled to expire until health care legislation passed and extended it through tax year 2022.

For higher income earners, the phase out for the credit starts at $216,000.  To be eligible for the credit you must adopt a child 17 or younger.  Or a child of any age who is a US citizen or resident alien and who is physically or mentally unable to care for himself or herself.

Many argue the issues with the tax credit, is that you had to spend that money out of pocket before you can claim the credit.  If the credit is based off expenses you have already spent it is difficult for lower-income families to adopt.

Qualified adoption expenses include: adoption fees, attorney fees, court costs, travel expenses and re-adoption expenses related to the adoption of a foreign child.

Qualified adoption expenses that do not qualify include:

  • those for which you received funds under any state, local, or federal program
  • that violate state or federal law
  • for carrying out a surrogate parenting arrangement
  • for the adoption of your spouse’s child
  • paid or reimbursed by your employer or any other person or organization
  • or allowed as a credit or deduction under any other provision of federal income tax law.

For more information please contact Scott Allen, E.A. with Tax Debt Advisors, Inc  www.ScottAllenEA.com

 

BACK TAX RETURNS, Income Tax Preparation, Tax Preparation, Unfiled Tax Returns
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