Search This Blog

Showing posts with label tax assistance. Show all posts
Showing posts with label tax assistance. Show all posts

January 18, 2016

IRS Taxpayer Service Hits All Time Low for 2016

Don't count on the IRS for help this year. Only 38 percent of phone inquiries get answered. There are 15,000 fewer employers and the organization is suffering from a huge budget cuts.  The good news is that your chance of audit is about 1 percent and with respect to expatriate and international taxes the very few IRS personnel have any expertise.

The IRS keeps coming up with new forms, new rules and new procedures. Therefore, complying with your tax filing obligations and planning is becoming more complex daily and they are no longer there to help.

So when you have questions on your nonresident, expatriate or international US taxes this year, you may want to consider asking the expert CPAs and Attorneys at our firm.  We offer a mini consultation by phone, email, whatsapp, or skype that allocates up to 1/2 hour of time to answer your questions and help you with a tax strategy for your particular situation.  Write us to request a mini consultation

READ MORE ABOUT IRS BUDGET CUTS AND POOR SERVICE

February 10, 2014

4 Common Myths About Taxes

From USA TODAY 4 common myths about taxes It's not that surprising that there's a lot of misinformation out there about taxes. The U.S. tax code is over 4 million words long and not one of us has the time to go through it all. Most of us treat the tax code like the monster it is, interfacing with it only from a distance and once a year paying homage to it in the form of a tax return. Since there's so much to know about taxes and so little willingness to learn about them, people sometimes make assumptions about how the system works that turn out to be false. These bits of false information sometimes take on a life of their own and, unfortunately, become common knowledge. This is problematic because a misunderstanding of how the tax system works can have consequences — most personal financial planning requires a basic, and reality-based, understanding of how taxes work. Otherwise, you could find yourself owing a lot more money than you expected — or, at least, worrying about irrelevant details when you should be relaxing. http://usat.ly/1lPpttt Get USA TODAY on your mobile device: http://www.usatoday.com/mobile-apps

August 24, 2012

Why You Need Expert Tax CPAs and Attorneys

The following items are some of the reasons you need expert tax help with your return and tax  planning:
  • The US tax code and explanatory rulings and regulations has grown from   400  pages in 1913           to  73,608  pages today.
  • The IRS by its own admission only answers 75% of the phone calls it receives from taxpayers.
  • The IRS has over 100,000 employees and therefore has become a very complex and sometimes disorganized bureaucracy. 
  • 4,428 changes have been made to the US Tax Code during the past 10 years. That averages over 1 change per day.
  • Businesses and individuals spend 6.1 Billion hours each year complying with US tax filing requirements.
  • Sixty percent of all individual taxpayers hire someone to do their tax returns.
  • The IRS estimates each taxpayer in 2001 paid an average of $2,200 each year to make up for the taxes owed by those who did not file, or cheated on the tax return they did file.
  • The US Expatriate and International tax forms, laws and regulation are so complex that most CPAs and Enrolled Agents do not know enough to help taxpayers with Expatriate or International Tax Deeds.