tax resolution service

Can the IRS Contact Your Neighbor?

Many people have recently received letters from the IRS saying that the tax bureau may contact their neighbors, people close to them, or people in their business. 

As a general rule, the government's tax bureau can only contact third parties, including your neighbors, your company, or your bank, to obtain information or collect the taxes you owe, given that they have already sent an advance notice.

The IRS does this for the following reasons:

1) It's an intimidation factor. It's obviously something people don't like as it scares them. 

2) As a source of information. Through your contacts, the IRS mainly observes how you live, what you're doing with your money, and why you're not paying your taxes. 

If you get an IRS letter, deal with it immediately despite the numerous reasons you can come up with to put it off. Agents are investigating you; bank levies and wage garnishments can happen before you know it.

It's time to set a sound plan and prepare for the 2023 filing season. Request a free consultation at 201-479-2572 or visit www.201tax.com. 

Do You Owe the IRS over $100,000?!? 

A six-figure debt usually causes panic, especially for small business owners. With the IRS, the longer you wait, the more interest, penalties, and potential for collections for actions against you.

There are three things you should do.

First, get a collection hold on your account. See if there's an agent assigned to your case. Get their information.

Second, get into compliance. File any unfiled returns. Determine your current income, assets, and what needs to be protected. Look for a settlement of monthly payment you can negotiate with the IRS.

Third, identify the root cause of your back taxes. This can be improper planning. Unaddressed problems will only continue. To fix this, set an estimated tax payment schedule. Know your estimated income. Sometimes, you can do tax planning or change an LLC partnership to an S-corp. Maximize deductions and improve your bookkeeping.

These simple steps will help you resolve your situation and stop it from happening again.

JLD Tax Resolution Group can help you solve a complex tax problem with ease.

Schedule your free consultation at 201-479-2572 or visit www.201tax.com. 

Will new IRS agents target the middle class? 

With recent development that the IRS will receive increased funding of $80 billion over ten years, $45 billion will go towards enforcement of tax laws with a focus on adding human resources and modernizing technology. 

Enforcement can mean more audits of businesses and more collection agents pursuing people who owe taxes or think that they owe taxes. 

Unfortunately, the people that the IRS goes after are usually small business owners. They look at people who are self-employed. In most small businesses, the owners are middle-class or upper-middle-class, but they can be considered "not wealthy." That is where the majority of the focus will be. We see that every day, small business owners have a huge burden in reporting income tax, federal and state taxes in addition to payroll taxes, sales tax, unemployment tax, and worker's compensation. 

So often, these issues stem from not properly filling out forms, not setting things up correctly, or not structuring their business properly because of all the complexities of taxes — but the IRS will be coming after more small businesses. That's where their bread and butter will be with the potential of getting the most collection. 

So if you have tax issues or are a middle-class business owner, you need to get your ducks in order and take preventative actions because they will be pursuing you. 

Let us help you solve your complex tax problems with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.

As an entrepreneur, understand that tax representation and tax resolution are two entirely different aspects of services you need to ensure the sustainability of your business. Tax preparers look at your financials and keep your books in order. If someone is limited to preparing taxes, they can represent you when problems with the Internal Revenue Service arise, but usually, they will not get you the best resolution because they're not knowledgeable or experienced in that area. 

On the other hand, you should call on certified tax specialists to work on resolving back taxes, audits, or notice issues promptly and effectively. We at JLD Tax Resolution Group do not just ensure you are doing your taxes right but also stand as your representative. We communicate directly with the IRS to answer notices you receive and help them resolve them for you. 

Schedule your free consultation at 201-479-2572 or visit www.201tax.com.