Help for Your Tax Problems
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- November 26, 2021
Do I Have to Report Foreign Bank Accounts When I File?
In today’s article we are going to discuss the reporting requirements of for foreign accounts held by taxpayers. There are two different forms that possibly need to be filled out by a taxpayer holding a foreign account. These two different forms have different requirements for who needs file. These two forms are the FATCA Form […]
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- November 24, 2021
Does Anybody Really Fly Under the Radar with the IRS?
People turn to companies of our nature for many different reasons. Some call because they receive a letter from the IRS. Others wait and call very frantically because of an IRS garnishment or bank levy. Then you have the person who something in their life is forcing them to get back on track. A lot […]
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- July 30, 2021
Success Stories: Helping a Realtor with a $160,000 Tax Bill
Many taxpayers conclude that if they are going to owe money to the IRS and cannot pay, they are better off just not filing. This is 100% the wrong thought process. There are a few different reasons why it is very important that a person files each year by the due date regardless of their […]
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- July 29, 2021
Case Study: Saving Mr. J $117,000
At Innovative Tax Relief, we cannot stress enough how important it is to make sure that all different types of income that you received in a year are reported on your 1040 tax filing. Most entities that received income throughout the year will provide you with the correct income form, typically a W-2 or some […]
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- July 28, 2021
How the IRS Tax Collections Process Works
The whole world has been in the grasp of the Coronavirus for the past two years. During this time, the government has done many things to try and aid people financially. There have been three different stimulus checks sent out, the federal government provided extra money for unemployment benefits on top of what the states […]
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- July 27, 2021
Case Study: Saving Mrs. B $27,000 in Taxes
After helping countless individuals with their tax issues, one thing we have learned is that no two situations are exactly alike. Any good tax professional knows that there are so many moving parts to qualifying for the different IRS programs available. This is why we at Innovative Tax Relief start every case by doing what […]
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- July 22, 2021
Case Study: From Owing the IRS $36,000 to $3,000
There are many different types of situations that force people to come out of “hiding” from their tax issues and make them face the IRS to get themselves back on track. Many times it is the result of some sort of involuntary collection action by the IRS or at least the threat of such. Other […]
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- July 21, 2021
Case Study: $180,000 Tax Liabilities Reduced to $9,600
In speaking with potential clients, we have always held a firm line when it comes to promising results. Many people want promises and guarantees of a substantial reduction of their tax liabilities right away when they contact us. In essence, they just want to be sold on false promises. But if you as a tax expert […]
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- July 19, 2021
Case Study: Saving Mr. B $28,000 in Tax Liability
Throughout our many years of working with clients that have profoundly serious situations with the IRS, we have met many different types of people. For example, we have been contacted by people that owe small balances and call immediately after they receive their first letter from the IRS. They insist on hiring representation to make […]
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- July 16, 2021
How to File a Final Tax Return for Decedents
The last thing that anybody wants to think about when they lose a loved one is filing their taxes. Unfortunately, if the deceased were normally required to file, then someone would be required to file a final tax return on their behalf. In many of these situations, the decedent may be leaving a spouse behind […]
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