Tax Resolution Specialist: The Solution for Sacramento Tax Debtors
Sacramento Tax Resolution Blog
by Mike Ornelas
2w ago
Tax problem resolution… just a catch-all term for ‘beating the IRS’ right?  Well, not to paint ourselves as Jacks of all trades, but there’s a bit more involved in the process of resolving tax problems with the IRS. And if you’re someone who has ever considered reaching out to a knowledgeable Sacramento specialist to help […] The post Tax Resolution Specialist: The Solution for Sacramento Tax Debtors appeared first on Sacramento Tax Resolution ..read more
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Keeping Your Sacramento Property Safe from an IRS Levy
Sacramento Tax Resolution Blog
by Mike Ornelas
1M ago
Took my Chevy to the levy but… okay, not that kind of levee. I’m talking about an IRS levy, which is very different. There’s a saying out there– hope for the best but prepare for the worst. Honestly, that ought to be our slogan here at Sacramento Tax Resolution, because when it comes to tax resolution, […] The post Keeping Your Sacramento Property Safe from an IRS Levy appeared first on Sacramento Tax Resolution ..read more
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IRS Audit Risks Sacramento Taxpayers Should Expect
Sacramento Tax Resolution Blog
by Mike Ornelas
1M ago
How long have you felt “under the radar” when it comes to IRS audit risks?  With a historically understaffed and underfunded IRS, an audit probably wasn’t something on your worry list. After all, you’re just one out of how many businesses and individuals in the U.S. that the IRS can take notice of?  Not to […] The post IRS Audit Risks Sacramento Taxpayers Should Expect appeared first on Sacramento Tax Resolution ..read more
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IRS Audit Timelines for Sacramento Taxpayers Indebted to the IRS
Sacramento Tax Resolution Blog
by Mike Ornelas
2M ago
There are plenty of things you can control when it comes to staying out of trouble with the IRS, the most significant being… paying what you owe. But if you don’t (for whatever reason), you’ll find there are suddenly a plethora of things out of your control. One of the biggest ones…  The time it takes […] The post IRS Audit Timelines for Sacramento Taxpayers Indebted to the IRS appeared first on Sacramento Tax Resolution ..read more
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How the IRS’s Handling of AI and Auditing Affects Sacramento Individuals
Sacramento Tax Resolution Blog
by Mike Ornelas
3M ago
Big surprise… we’re talking about AI again, like the rest of the world right now, but this time, it might affect Sacramento people’s IRS standing… maybe even yours.  The tax agency is undergoing a digital transformation that’s as significant as it is unsettling. With the deployment of AI (and millions of taxpayer dollars), your “favorite” […] The post How the IRS’s Handling of AI and Auditing Affects Sacramento Individuals appeared first on Sacramento Tax Resolution ..read more
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Alternative Dispute Resolution (ADR): One Option for Sacramento Taxpayers Battling the IRS
Sacramento Tax Resolution Blog
by Mike Ornelas
3M ago
 I don’t always advise my West Sacramento contacts to do this, but it just might be time to go to battle with the IRS. If they’ve come to a decision regarding your tax debt that you don’t agree with, there’s more you can do besides waving the white flag, believe it or not. And here’s the crazy part…  The IRS wants to help you do it. They actually have an Alternative Dispute Resolution (ADR) program – a powerful program that most tax softwares and Sacramento professionals don’t talk about enough. That’s why I want to tell you about it today. ADR is all about resolving tax controversi ..read more
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Tax Documentation: How Sacramento Taxpayers Can Stay Organized
Sacramento Tax Resolution Blog
by Mike Ornelas
4M ago
There’s one word I want to eliminate from your vocabulary: “rummaging.”  Plenty of my West Sacramento clients are familiar with that word around tax season because it’s what you’re doing to find your tax documentation. “Where is that 1099 I got in the mail last month?” or “Where did I put my W-2s?”  When you’re already stressing over the deadlines and the fear of owing Uncle Sam, a hefty chunk of change, disorganized files, and missing paperwork might just be enough to put you over the edge.  And you’re not alone, apparently… A typical business executive wastes an average of&n ..read more
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Interpreting the IRS Letter in Your Sacramento Mailbox
Sacramento Tax Resolution Blog
by Mike Ornelas
4M ago
Uh oh… you got that envelope with the IRS logo in your Sacramento mailbox.  Understandably, you’re probably breaking into a cold sweat as you contemplate the various worst case scenarios.  If you are feeling that way, you’re not alone. According to the Taxpayer Advocate Service, nearly one in five taxpayers will receive an IRS letter or notice each year – that’s nearly 3 million just for CP2000 notices (IRS jargon for letters about underreported income) alone.  Allow me to provide some comfort… Most of the time, IRS notices are simply a way for them to clear up minor errors or ..read more
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IRS Solutions for Sacramento Taxpayer Problems
Sacramento Tax Resolution Blog
by Mike Ornelas
4M ago
It’s easy to paint the IRS as the villain in every taxpayer’s story. There seem to be more IRS problems than IRS solutions. It can feel like they’re crouching in the shadows of your tax filing, ready to pounce on any sort of error.  And they don’t hold back when it comes to getting paid, even if it’s at your expense. Sometimes, by doing their job, the IRS does come across as the bad guy.  But, the truth is, they’re not all bad. And they actually do some things on behalf of Sacramento taxpayers like you. Because their job really is about collecting what’s needed to run the country an ..read more
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Does an IRS Payment Plan Make Sense for Sacramento Tax Debtors?
Sacramento Tax Resolution Blog
by Mike Ornelas
5M ago
. Avoidance of immediate financial strain. It may be the case that you simply can’t afford to pay the entirety of your debt right now. You can spread your debt out into chewable portions as long as your debt is paid off in 72 months.  Protection from harmful legal action. Once an IRS payment plan is in place, the IRS generally halts collection actions like wage garnishments.  Protection for your credit score. Although unpaid taxes don’t affect your credit score, if you do resort to paying off your debt with a loan or a credit card, that could result in harm to your credit. A payment ..read more
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