Thursday, February 20, 2014

5 Steps to IRS Lien Removal!

We have several taxpayer's who come to us because they have an IRS tax lien on record. When the IRS files a tax lien it is reported at the county clerk and recorder's office where the taxpayer resides. The goal of the tax lien is for the IRS to secure their interests in the IRS tax liability.  In most cases the tax lien can damage your credit, keep you from qualifying for a refinance. . . read more here!

Tuesday, February 18, 2014

3 Steps Saves Taxpayer $5,000!

Recently we had a client come to us who had attempted to deal with her IRS tax debt on her own.  She owes the IRS $12,000 in personal tax liability. Ultimately the IRS had asked her to pay the tax debt in full in December of last year. She agreed.  However, when the deadline was up for renewal she could not oblige. . . read more here.

Friday, February 7, 2014

New Testimonial!

I have very much enjoyed working with Mr. Mike Wallen of Highland Tax Group, Inc.  He came very highly recommended to me and he has earned that recommendation. . . read more here

Offer In Compromise Generates $199,500 in Savings!!

We recently had a client who settled with the IRS for $500. Total savings on your IRS tax bill in the amount of $199,500 doesn't happen very often. However, this particular taxpayer owed a large liability stemming from an old corporation he was involved in. He also doesn't have much in the way of assets or income. The IRS tax assessed was in the neighborhood of $200,000 at one point in time. The business owed closer to $400,000 in IRS tax liability. The liability he owed was civil penalties stemming from employment taxes accrued in his old business. For those of you not familiar with civil penalties or the trust fund recovery process it is a process the IRS uses to assess a penalty for the accrual of employment taxes in a corporation. The IRS looks at . . . Feel Free to Read More Below! 

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Tuesday, February 4, 2014

5 Reasons to E-File Your Tax Return!

We thought this would be a great post considering it is now tax season. However, just be to clear, Highland Tax Group, Inc. does not prepare or file tax returns. We can however, pair you up with the appropriate resource to do so. Highland Tax Group, Inc. prides itself on developing relationships within the community and has a deep well when it comes to tax preparer resources, business resources, and other financial needs.

Below are five good reasons to E-file your return:
  1. Your return will be more accurate and more complete - an e-filed return is rejected if it isn't accurate for some reason, therefore, it is best to e-file as it helps reduce errors on the actual tax return.
  2. It is an absolute free service. The IRS does not charge to e-file your return.  Therefore, you can log in, create an account, and file (and pay if you owe) your return online.
  3. It is a much more secure way to file your return, transmitting data over the internet can be scary, however, the IT professionals who contract with IRS know encryption methods to keep your data safe and sound.
  4. There are more payment options if you e-file (providing you owe) and therefore you can set up a credit card payment (get the points!) debit card, or electronic check to pay your liability timely and secure.
  5. Of course last and not least is obtaining your refund much faster. Within 21 days according to the article below.

If you owe money to the IRS and aren't sure what to do, can't afford to pay it, feel free to contact Highland Tax Group, Inc. by calling us at 720-398-6088. We will be happy to take a look at your situation and give you guidance to help move forward toward tax resolution. Happy Filing!