Our sister company, O’Hare Associates, CPAs launched a new site this month. Our New England CPA and Accounting website will share educational posts with expert tax tips, advisory, and tax-related news.
O’Hare Associates, CPAs is dedicated to helping individuals, families, and businesses throughout New England with tax services, financial advisory, bookkeeping, and QuickBooks training. We have been helping people and businesses in New England for over 14 years.
The team tax professionals at O’Hare Associates, CPAs help individuals and businesses with accounting and tax-related needs all year round. Our New England tax team consists of certified public accountants, enrolled agents, and board
In 2010, the IRS instituted FATCA the Foreign Account Tax Compliance Act to ensure taxpayers and banks and financial institutions fully disclose the extent of the financial assets they hold abroad. Non-compliance could mean penalties that are more than the unreported foreign assets. The bottom line: offshore tax collection is a government priority that is here to stay and if you have offshore tax problems, you need expert tax resolution help.
A recent Forbes article by Robert Wood titled: “IRS has Gone Wild Over FATCA but Watchdog Warns of Compliance Glitches”, cites a new government report that showed taxpayer data exchanges
The quote above is true not only to credit card debt, but applies to tax debt as well. The longer you put off dealing with your tax debt problems, the worse the situation will get. Interest continues to amass, and the penalties keep getting worse, putting you and your family in a dreadful and scary hole.
This is where we come in. We’ve been resolving tax debt problems in the New England states for years, and are very aware of how the IRS operates. We understand what happens when you ignore the IRS, and know the benefits of hiring a tax resolution professional
The IRS announced on its website that through the Federal Payment Levy Program (FPLP), they are able to levy 15% of your Social Security benefit payments. Read the announcement here. Now more than ever, if you owe IRS back taxes, it is critical to have experienced tax representation on your side to protect your assets should the IRS decide to begin to levying your property. Our New England tax resolution team can help you solve your IRS problems.
Levies and liens are usually the result of little to no taxpayer IRS communication. When you receive a notice from the IRS, there