When someone approaches me with a back tax problem, we follow a simple three-step approach to find a resolution.  The initial step, which I like to call 'stop the bleeding,' involves assessing their accounts, determining what filings are necessary, and quantifying the amount owed. Once we have a clear understanding of the situation, we move on to the second step: finding the solution. We explore various possibilities like an offer in compromise, partial payment, or penalty abatement. There are plenty of options available to tackle the problem effectively. However, the third step holds utm ..read more

Many individuals I come across often feel scared and embarrassed about their tax problems, but let me assure you that you are not alone. Countless people experience issues with the IRS.  There are various reasons why these problems arise, such as family circumstances, medical emergencies, divorce, business setbacks, or even receiving poor advice or not planning appropriately. Falling behind on taxes can easily happen to anyone, and it doesn't make you a bad person. The crucial part is to take action before the situation worsens and becomes overwhelming. Unfortunately, many individuals ten ..read more

Hello, I'm Jonathan Donenfeld, the President of JLD Tax Resolution Group. I started my own business in 2015 with a focus on helping other small business owners resolve their tax problems. As a business owner myself, I understand the struggles and the overwhelming nature of dealing with the IRS. Many business owners lose sleep, worrying about the IRS instead of dedicating their energy to improving their business. That's where I come in! I genuinely enjoy helping people find solutions to their IRS problems. Witnessing the relief they experience once the ordeal is over is incredibly rewarding – i ..read more

Do you know that the IRS is primarily hiring individuals for three key positions?  Firstly, they're bringing in people to conduct audits on partnerships.  Secondly, they're hiring auditors for s-corp businesses.  Lastly, they're also recruiting revenue officers who will focus on pursuing individuals and companies with unpaid taxes.  In order to enhance their operations, the IRS is investing in advanced training. They're expanding their team with more lawyers, CPAs, and seasoned professionals, aiming to build stronger and more comprehensive cases.  Now, what does this m ..read more

Handling an audit and responding to the IRS are crucial steps that require attention. Typically, the IRS will provide you with a list of requested items and the scope of the audit. It is essential to carefully assess what you have and determine what is accurate, incorrect, or improperly filed. Based on this evaluation, you can craft your response accordingly.  Consider avoiding having the person who prepared your tax return represent you in an IRS audit.  The reason behind this advice is quite simple: if there happens to be an error in your tax return, the person handling it might he ..read more

Have you heard of the Partial Pay Agreement? It's a little-known yet fantastic way to save a ton of money with the IRS. We refer to it as the back door Offer in Compromise.  The great thing about it is that it's much easier to get accepted and involves way less paperwork. Plus, it takes into account your assets to a lesser extent, making it a truly effective program.  Over the years, we've managed to save our clients millions of dollars through this option. If you're curious and want to learn more, don't hesitate to give us a call. I'd be more than happy to guide you through it. Sche ..read more

Why is the Partial Pay Agreement with the IRS referred to as the 'back door' Offer In Compromise? The reason behind this is simple - it has proven incredibly effective in allowing you to settle your tax liability for less than you owe.  Unlike the offer In compromise - a partial pay agreement is relatively easier to have accepted. It saves you time and reduces the amount of paperwork involved.  Many people are attracted to the idea of an offer in compromise due to its popularity on the internet, radio and TV. However, not everyone qualifies for it. On the other hand, more and more pe ..read more

Have you recently received a letter from the IRS regarding a proposed adjustment of your income? Wondering how to handle it? It's important to demonstrate the accurate cost basis for your stock or crypto purchases. The best approach is to submit an amended return through the appropriate channels. Even if you don't owe the tax, failing to address this adjustment may lead to the IRS charging you for the perceived gain. If you're seeking guidance in resolving such obligations, the friendly professionals at JLD Tax Resolution Group are here to assist you. Book a free  ..read more

Many lawyers work for themselves, especially if they are a partner or own their own firm, and their income can vary greatly. Like many other self-employed individuals, they often struggle to withhold enough money for taxes. Issues also arise when lawyers want to maintain a certain image and lifestyle, resulting in high personal expenses and falling behind on their taxes. It is crucial to address these tax matters promptly since the IRS tends to target professionals like lawyers who fail to fulfill their tax obligations. [WATCH] Why Lawyers Have Tax Problems ▶ https://y ..read more

It has been a little over a year since the Senate approved IRS funding of $45.6 billion for enforcement. And what we have noticed is that the IRS has made hiring more higher-level professionals a top priority. It seems like they are determined to recruit additional accountants, lawyers, and experts with advanced knowledge. This will enable them to conduct audits on a larger scale, focusing on high net worth individuals, businesses, partnerships, and S corps. To gain a deeper understanding, watch the full video! At JLD Tax Resolution Group, we specialize in helping indi ..read more