IRS Accepts Currently Not Collectible Status in Astoria, NY
IRS Accepts Currently Not Collectible Status in Astoria, NY IRS Installment Agreement – 09-26-2005 Taxpayer Situation: The taxpayer worked with another tax resolution firm that got them into an unmanageable Installment Agreement. The taxpayer was desperate and could not currently pay the IRS anything on a $65,489 debt. Resolution Outcome: Legacy Tax & Resolution Services successfully negotiated […]
IRS Accepts Reduction in Penalties in Williamson, NY
IRS Accepts Reduction in Penalties in Williamson, NY IRS Installment Agreement – 09-26-2005 Taxpayer Situation: The taxpayer was assessed with penalties of over $102,565 1998- 2004 for unfiled payroll tax reports. The taxpayer was current with the filing of all payroll tax reports. Resolution Outcome: Legacy Tax & Resolution Services successfully negotiated with the Internal Revenue Service […]
IRS Accepts Trust Fund Hold on Collections in Corona, NY
IRS Accepts Trust Fund Hold on Collections in Corona, NY IRS Installment Agreement – 09-22-2005 Taxpayer Situation: Taxpayers owed the IRS for all business payroll quarters for the years 2002- 2004. The IRS assessed a Trust Fund Recovery Penalty against the owner personally. The taxpayer had outstanding payroll tax reports for 2002 through 2005. Resolution Outcome: Legacy […]
Understanding Tax-Deferred Investing
Article Highlights: Income Deferral Earnings Deferral Individual Retirement Accounts Retirement Accounts Bank Savings Short- and Long-Term Capital Gains Education Savings Accounts Health Savings Accounts Installment Sales Tax Deferred Exchanges Qualified Opportunity Funds When you are attempting to defer the taxability of a capital gain, save money for your children’s future education or plan your retirement […]