525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Do You Owe the IRS Money That You Can’t Pay? Are You a Year or More Behind in Filing Your Income Tax Returns? Are You Behind in Your Payroll Tax Filings or Payments? Our Tax Relief services and Tax Resolution assistance can help you get tax relief!
Saturday, June 10, 2023
Thursday, June 8, 2023
Colorado Springs Video: My Spouse Has Overdue Tax and/or Owes Back Child Support! What Are My Options?
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Wednesday, June 7, 2023
Colorado Springs: My Spouse Filed Joint Tax Returns With Large Amounts of Tax Due? Am I Still Liable to Pay the Taxes?
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You are either divorced or your spouse has passed away. Then, one day you either have money unexpectedly withdrawn from you bank account by the IRS or receive notice of an overdue tax bill from the IRS. You ask, "Why am I receiving these notices, my spouse is the one who owes the taxes?" If you either knowingly or unknowing filed a joint tax return with your spouse, according to Internal Revenue Code Section 6013, the IRS can collect tax from either spouse. This can lead to inequitable results.
One step is to determine if a valid joint return was filed. Did you provide tacit consent? Did you sign the return under duress? Was your signature forged on the return? These are just some of the questions that would need to be answered to determine if you qualify for Innocent Spouse Relief.
Marcelino Dodge, Enrolled Agent of Cash Tracks Financial of Colorado Springs can help you to determine in you qualify to file for Innocent Spouse Relief under IRC Section 6015.
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Monday, May 29, 2023
Colorado Springs Video: My Spouse Has Overdue Tax and/or Owes Back Child Support! What Are My Options?
Colorado Springs: My Spouse Has Overdue Tax and/or Owes Back Child Support! What Are My Options?
You were expecting a big refund, but instead you get an IRS letter stating that your tax refund is being applied to an outstanding overdue financial debt owed by your spouse. This debt can be overdue federal or state taxes, past due child support, or one of many reasons your federal and sometimes even your state refund can be kept by the tax agency. Is the refund completely lost? Is there any option for the spouse who does not owe the debt created before marriage?
Internal Revenue Code Section 6015 provides provides relief in these circumstances. The spouse who does not owe the debt is considered an "injured spouse." A Form 8379 can be filed either separately or with the tax return. When correctly completed the IRS will calculate what the injured spouse will receive and send their portion of the refund either in a check or through direct deposit.
Marcelino Dodge, Enrolled Agent of Cash Tracks Financial has helped many injured spouses collect their refunds for over 20 years.
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Thursday, May 25, 2023
Colorado Springs Video: What is Reasonable Cause?
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Wednesday, May 24, 2023
Colorado Springs Video: What Can I Do Get My Penalty Abated on Appeal?
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Colorado Springs: Important Question: What is Reasonable Cause?
In the Internal Revenue Manual it states that penalties can be abated for reasonable cause? What is reasonable cause? Sadly, what a taxpayer thinks is reasonable cause is not considered reasonable cause by the Internal Revenue Service. Many times when requesting penalty abatement a taxpayer has to go to appeals.
Marcelino Dodge, Enrolled Agent, can help in the request for abatement of penalties. Many times the penalty is just an honest mistake on the part of the taxpayer. Other times a detailed explanation may be needed to explain the reasons why the taxpayer qualifies penalty abatement. Other considerations are 1) Has the taxpayer had this issue before and 2) What is the taxpayer's history of compliance?
There are other factors that can also affect taxpayer's claim of reasonable cause for penalty abatement. To have the best chance for penalty abatement, maintain a good history of compliance.
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com Tuesday, May 16, 2023
Colorado Springs: What Can I Do Get My Penalty Abated on Appeal?
A few weeks ago you submitted your request for penalty abatement from the IRS. After waiting with anticipation for a response, you finally receive a letter from from the IRS, but instead of the anticipated penalty abatement, you are told that you do not qualify for penalty abatement. Can you you appeal this initial denial? Yes, you can. What are some of the factors that can help you to prepare and to win on appeal?
For a successful appeal you MUST have the following factors:
- Good books and records
- Have a good history of compliance
- Have all the information and show attempts to comply
- Hire a competent tax professional, such as an Enrolled Agent or CPA
Marcelino Dodge, Enrolled Agent is such a professional to help you get organized and to negotiate on your behalf with the IRS. The Appeals Officer will not simply concede. We will have to build a strong case and make their job easy to do.
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
Friday, May 12, 2023
Colorado Springs Video: How Do I Deal With the IRS Notices?
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
success@cashtracksfinancial.com
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