Ultimate Tax Relief https://ultimatetax-relief.net Ultimate Tax Relief Sun, 26 Apr 2020 13:16:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://ultimatetax-relief.net/wp-content/uploads/2018/05/cropped-TaxLogo-32x32.jpg Ultimate Tax Relief https://ultimatetax-relief.net 32 32 Tax Relief and COVID-19 https://ultimatetax-relief.net/tax-relief-and-covid-19/?utm_source=rss&utm_medium=rss&utm_campaign=tax-relief-and-covid-19 Sun, 26 Apr 2020 13:16:21 +0000 https://ultimatetax-relief.net/?p=1353 Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of a job. Businesses who had record […]

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]]> Tax Day Is Now July 15, Here’s What You Need To Know. https://ultimatetax-relief.net/tax-day-is-now-july-15-heres-what-you-need-to-know/?utm_source=rss&utm_medium=rss&utm_campaign=tax-day-is-now-july-15-heres-what-you-need-to-know Mon, 13 Apr 2020 22:45:58 +0000 https://ultimatetax-relief.net/?p=1338 COVID-19 turned the world upside down. Most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe. It was just a matter of time before the IRS postponed tax day. On March 21, 2020, the IRS announced that they’d be delaying the tax filing deadline that was […]

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]]> How to Protect Yourself When Paying Taxes – Vital Steps You Need to Take Now https://ultimatetax-relief.net/how-to-protect-yourself-when-paying-taxes-vital-steps-you-need-to-take-now/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-protect-yourself-when-paying-taxes-vital-steps-you-need-to-take-now Sun, 29 Mar 2020 23:28:44 +0000 https://ultimatetax-relief.net/?p=1330 Tax season can be an unpleasant time of year for a lot of taxpayers. Especially if you owe money to the IRS or State. The only thing you can do is make the most of it. Prepare ahead of time, and pay the lowest amount allowed by law. Whether you are due a refund or […]

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]]> Why the IRS Cares About Your Cryptocurrency Holdings, and Why Now is the Time to Come Clean https://ultimatetax-relief.net/why-the-irs-cares-about-your-cryptocurrency-holdings-and-why-now-is-the-time-to-come-clean/?utm_source=rss&utm_medium=rss&utm_campaign=why-the-irs-cares-about-your-cryptocurrency-holdings-and-why-now-is-the-time-to-come-clean Thu, 26 Mar 2020 02:24:15 +0000 https://ultimatetax-relief.net/?p=1321 After years of flying under the radar, taxpayers who hold Bitcoin, Ethereum, Litecoin, and other cryptocurrencies are finally getting their fair share of scrutiny from the IRS. The tax agency has figured out that cryptocurrency is here to stay. That the mind-boggling returns early adopters have enjoyed could be a boon for government coffers. The […]

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]]> How to Stop an IRS Tax Levy https://ultimatetax-relief.net/how-to-stop-an-irs-tax-levy/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-stop-an-irs-tax-levy Tue, 03 Mar 2020 19:39:25 +0000 https://ultimatetax-relief.net/?p=1303 Of all the creditors or companies you might owe money to, the IRS is the least forgiving about debt. If you don’t pay your taxes, the IRS will levy. Taking possession of your property, including cash accounts, wages, and real and personal property. The IRS will sell non-liquid assets to raise funds to satisfy the […]

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]]> How Can I Pay My Federal Taxes With Installments or Monthly Payments? https://ultimatetax-relief.net/how-can-i-pay-my-federal-taxes-with-installments-or-monthly-payments/?utm_source=rss&utm_medium=rss&utm_campaign=how-can-i-pay-my-federal-taxes-with-installments-or-monthly-payments Thu, 13 Feb 2020 05:11:15 +0000 https://ultimatetax-relief.net/?p=1299 Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short of payments. The good news is the federal government is happy to work with you. The bad news is, they’re relentless in their collection […]

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]]> Why Doing Your Own Business Taxes or Resolving Your Own Tax Problem is a Terrible Idea https://ultimatetax-relief.net/why-doing-your-own-business-taxes-or-resolving-your-own-tax-problem-is-a-terrible-idea/?utm_source=rss&utm_medium=rss&utm_campaign=why-doing-your-own-business-taxes-or-resolving-your-own-tax-problem-is-a-terrible-idea https://ultimatetax-relief.net/why-doing-your-own-business-taxes-or-resolving-your-own-tax-problem-is-a-terrible-idea/#comments Wed, 08 Jan 2020 20:08:22 +0000 https://ultimatetax-relief.net/?p=1266 Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? What if doing your own taxes creates a tax problem? […]

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]]> https://ultimatetax-relief.net/why-doing-your-own-business-taxes-or-resolving-your-own-tax-problem-is-a-terrible-idea/feed/ 1 3 Tax Resolution Strategies the IRS Offers https://ultimatetax-relief.net/3-tax-resolution-strategies-the-irs-offers/?utm_source=rss&utm_medium=rss&utm_campaign=3-tax-resolution-strategies-the-irs-offers Wed, 08 Jan 2020 19:27:47 +0000 https://ultimatetax-relief.net/?p=1259 Taxes are a fact of life, but tax problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans and strategies for how to proceed in collecting what they believe you owe. After sending you notices, the IRS can garnish your wages, levy your bank account, even put a lien on […]

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]]> What to Do If You Have Unfiled Tax Returns https://ultimatetax-relief.net/unfiled-tax-return/?utm_source=rss&utm_medium=rss&utm_campaign=unfiled-tax-return Mon, 30 Dec 2019 17:16:54 +0000 https://ultimatetax-relief.net/?p=1246 No one likes filing their taxes, but not filing them at all is never a good idea. The IRS is a powerful collection agency, and an unforgiving one. Getting on the bad side of the tax agency is not fun, and having years of unfiled returns is one of the worst moves you can make. […]

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]]> Tax Resolution: What is an Offer in Compromise? https://ultimatetax-relief.net/offer-in-compromise/?utm_source=rss&utm_medium=rss&utm_campaign=offer-in-compromise Mon, 30 Dec 2019 16:50:54 +0000 https://ultimatetax-relief.net/?p=1242 Owing money to the IRS can be frightening, to say the least. It is easy to feel helpless in such a situation but, you should not let fear and feelings of helplessness freeze you into inaction, everything has a resolution. Every day you wait is one more day interest and penalties are accruing, and those […]

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