Colorado Springs: How Well Trained is the Person Preparing Your Tax Return?

 

How much training does the person preparing taxes have?  Does this person get annual updates and training on the tax adjustments and changes?  These are important questions

to ensure the accuracy of your tax return preparation.

This year I had the privilege of attending the National Association of Tax Professional's Taxposium in San Antonio, Texas.  During these live classes I received training income assignment, IRS Collections, S-Corporations, and other important tax topics.  Altogether I received 18 hours of training in taxes.  This is in addition to webinars I have already done this year.  There is still more that 30 hours of training I and my staff will be completing before the year is over.

A good question to ask your tax preparer is "How many hours of continuing education have you complete?"

Cash Tracks Financial of Colorado Springs
Marcelino Dodge, EA
525 N Cascade Ave., Suite 200
Colorado Springs, CO 80903
(719) 359-8789
www.cashtracksfinancial.com
success@cashtracksfinancial.com

Colorado Springs Video: How Can I Qualify for an Offer in Compromise?

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: How Can I Qualify for an Offer in Compromise?

 

You have heard the ads saying that your tax debt can be reduced from $100,000+ down to only a few dollars.  How accurate are these claims?  Do these companies do a thorough analysis?  Without a complete and thorough analysis, how can it be known whether or not you even qualify?  I highly recommend avoiding any company that fails to do a proper analysis to determine your reasonable collection potential (RCP).

Are you in filing compliance?  Are you making estimated payments or have enough withholding to cover your taxes for the year?  Each of these questions must have a "Yes" answer before an Offer in Compromise can even be submitted.

Marcelino Dodge, Enrolled Agent can help you with a complete analysis of your situation.  I can help to determine how best to approach your specific situation and determine the best possible solution.

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: How Can I Deal With Federal Tax Lien?

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: How Can I Deal With Liens and Levies?

 

PANIC!! You have received notice of a federal tax lien or your bank account has been levied by the Internal Revenue Service.  Under Internal Revenue Code Section 6321 allows the IRS to file a notice for federal tax lien to protect the government's interest. How long does the Lien continue?  The lien will continue until: 1) It Expires; 2) It is Paid; or 3) It is Compromised.

What are the options are available for you?  Do you any unfiled tax returns?  Do you have unpaid taxes for prior years?

Work with a tax professional to represent you before the IRS help you to resolve the lien with the following options:

Option 1: Get into Compliance (required)

Option 2: Have an analysis to determine the payment options for which you qualify

Option 3: Possibly have the IRS subordinate to another lender

Option 4: Setup an installment agreement

Marcelino Dodge, Enrolled Agent, with Cash Tracks Financial helps taxpayers with unfiled tax return and tax liens.

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

My Spouse Filed Joint Tax Returns With Large Amounts of Tax Due? Am I Still Liable to Pay the Taxes?

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs Video: My Spouse Has Overdue Tax and/or Owes Back Child Support! What Are My Options?

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs: My Spouse Filed Joint Tax Returns With Large Amounts of Tax Due? Am I Still Liable to Pay the Taxes?

 

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.

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

Colorado Springs Video: My Spouse Has Overdue Tax and/or Owes Back Child Support! What Are My Options?

 

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com

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.

Cash Tracks Financial of Colorado Springs

Marcelino Dodge, EA

525 N Cascade Ave., Suite 200

Colorado Springs, CO 80903

(719) 359-8789

www.cashtracksfinancial.com

success@cashtracksfinancial.com