Landmark Tax Group | Resolving IRS Back Taxes

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If IRS tax debt is weighing you down, now’s the time to take action. Many don’t realize how manageable tax issues can be with expert support. Landmark Tax Group, led by former IRS agents, specializes in tax relief solutions tailored to each case. Whether you need assistance with a payment plan or complete IRS representation, our team can help ease the process and get you back on track. Reach out to us today to explore your options for a fresh start with the IRS! #TaxRelief #IRS

Every heard of an "IRS Settlement" ? Also known as an Offer-in-Compromise, an OIC lets you settle your tax debt for less than the full amount once you have exhausted all other payment options. The IRS will consider your unique set of facts and circumstances before accepting an OIC. If you OWE the #IRS, get in touch for immediate assistance... ?[email protected] #taxes #taxrelief #irshelp #debt #backtaxes #landmarktaxgroup

Every heard of an "IRS Settlement" ? Also known as an Offer-in-Compromise, an OIC lets you settle your tax debt for less than the full amount once you have exhausted all other payment options. The IRS will consider your unique set of facts and circumstances before accepting an OIC. If you OWE the #IRS, get in touch for immediate assistance... ?[email protected] #taxes #taxrelief #irshelp #debt #backtaxes #landmarktaxgroup

#IRS has released year-round tax planning pointers for taxpayers ?? ?Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folders. They should add tax records to their files as they receive them. Organized records will make tax return preparation easier and may help taxpayers discover overlooked deductions or credits. ?Identify filing status. A taxpayer's filing status determines their filing requirements, standard deduction, eligibility for certain credits and the correct amount of tax they should pay. If more than one filing status applies to a taxpayer, they can get help choosing the best one for their tax situation with the IRS’s?Interactive Tax Assistant, What Is My Filing Status. Changes in family life — marriage, divorce, birth and death — may affect a person's tax situation, including their filing status and eligibility for certain tax credits and deductions. ?Understand adjusted gross income (AGI). AGI and tax rate are important factors in figuring taxes. AGI is the taxpayer's income from all sources minus any adjustments. Generally, the higher a taxpayer's AGI, the higher their tax rate and the more tax they pay. Tax planning can include making changes during the year that lower a taxpayer's AGI. ?Check withholding. Since federal taxes operate on a pay-as-you-go basis, taxpayers need to pay most of their tax as they earn income. Taxpayers should check that they're withholding enough from their pay to cover their taxes owed, especially if their personal or financial situations change during the year. To check withholding, taxpayers can use the?IRS Withholding Estimator. If they want to change their tax withholding, taxpayers should provide their employer with an updated Form W-4. ?Make address and name changes.?Taxpayers should notify the United States Postal Service, employers and the IRS of any address change. To officially change a mailing address with the IRS, taxpayers must compete?Form 8822, Change of Address, and mail it to the correct address for their area. For detailed instructions, see page 2 of the form. Report any name change to the Social Security Administration. Making these changes as soon as possible will help make filing their tax return easier. ?Save for retirement. Saving for retirement can also lower a taxpayer's AGI. Certain contributions to a retirement plan at work and to a traditional IRA may also reduce taxable income. OWE the IRS? See link in comments ??

Reminder: Taxpayers MUST file and pay taxes even if they live abroad Worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where you live or where you earn your income. You must also report foreign assets of $10,000 or more to the Treasury Department. NEED IRS Help? See link in comments ?? #taxes #taxrelief #irs #irshelp #debt #landmarktaxgroup

The?Taxpayer Bill of Rights?defines 10 fundamental rights of every taxpayer. One of these rights is the right to quality service. Let's take a closer look at the right to quality service and what it means for taxpayers. Taxpayers have the right to: -Receive prompt, courteous and professional assistance from the IRS. -Be spoken to in a way they can easily understand. -Receive clear and easily understandable communications from the IRS. -Speak to a supervisor about inadequate service. IRS employees are?not permitted to: -Contact the taxpayer's employer if they know the employer doesn't allow such contact. -Make aggressive phone calls that threaten arrest or prison time. OWE the IRS? See link in comments for Help ??

What taxpayers will need to file with the #IRS: 1) Social Security number. Taxpayers who don't have or aren't eligible for a Social Security number can use an?Individual Taxpayer Identification Number. 2) Wage and income information. This information is usually on forms from their employer or other payer, such as?Form W-2, Wage and Tax Statement?and the?Form 1099 series. 3) Their?dependent status. They need to know if another taxpayer, such as a parent, plans to claim them on a separate tax return. If they’re claimed as a dependent on another tax return, they can’t claim themselves as a dependent on their own tax return. 4) Documentation for all?tax credits and deductions. With the increased standard deduction, itemized deductions may not be necessary. All credits and deductions are subject to IRS verification and review. 5) Bank account and routing number. If taxpayers get a refund, they need this information to have their refund?direct deposited. Direct deposit the fastest and safest way for them to get their money. Some taxpayers can now file for FREE using IRS Direct File: https://lnkd.in/ekqNE8k7 If you OWE the IRS, easily resolve your back taxes using IRSvideos.com

Things to remember when filing 2023 tax returns: 1. Gather all necessary tax paperwork and records for accuracy to avoid missing a?deduction or credit. 2. Remember to report all types of income on the tax return.?This is important to avoid receiving a notice or a bill from the IRS. 3. Filing electronically with?direct deposit?is the fastest way to receive a refund. 4. Free resources are available to help eligible taxpayers file online. 5. Consider which filing option to use; each one has its own benefits. 6. If you owe, but can't pay, don't worry. Visit IRSvideos.com for step-by-step guidance on resolving your back taxes.

2024 tax filing season starts today! The #IRS opened the 2024 tax season?today?by accepting and processing tax returns. The IRS expects more than 146 million individual tax returns for 2023 to be filed this filing season, which has a deadline?of April 15, 2024. OWE the IRS? Get FREE help at https://lnkd.in/gF44WhEU