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Colorado Springs: How to Deal With IRS Collections Notices

Posted by Marcelino Dodge on
0
Business
Colorado Springs: How to Deal With IRS Collections Notices

Are you one of the 15 million taxpayers to receive an IRS notice of collections? Do you have unfiled tax returns? Has the IRS filed a substitute return for you? Did you know that IRC section 6020 allows the governments to prepare a valid return based on 3rd party information? If you answered “yes” to any or all of the above questions, getting compliant with the IRS will be the start of solving your tax issues. How do you get compliant with the IRS?

Step1: Find the right tax professional — This not just the person who prepared your tax return. We recommend either an Enrolled Agent or a CPA who specialize in tax resolution to guide you through process.

Step 2: Have the tax professional file that last 6 years of tax returns.

Marcelino Dodge, Enrolled Agent of Cash Tracks Financial Inc. will guide you through the process, get you compliant, and help to resolve your tax debt.

Cash Tracks Financial Inc.; Colorado Springs: (719) 359-8789; Lamar, CO (719) 336-8739; www.cashtrackfinancial.com

How Secure is Your Tax Information With Your Tax Professional?

Posted by Marcelino Dodge on
0
Business
How Secure is Your Tax Information With Your Tax Professional?

How safe is your personal or business information with your tax professional? Are you considering the security of your private, personal information when selecting the person or organization to prepare your personal or business tax return? Does your tax professional have a Data Security Plan? What kind of online security does a tax professional employ in their office? All important questions to consider before selecting a tax professional. I will discuss the importance of software security with Alvion Legall of ABL Computers. We will discuss his new book Cyber Storm and how easily hackers can fool any of us.  Client confidentiality and client security are my top priorities.

Click Here for this information show.

Looking for a solution to help you file your tax return safely and securely?  Click here

What Did I Learn From the 2022 Tax Season? Know What for 2022?

Posted by rstapholz on
0
Featured
What Did I Learn From the 2022 Tax Season? Know What for 2022?

Each tax season has its own unique challenges. In 2022 working the 2021 tax year, I encountered several first time experiences after 20+ years of tax preparation. There were many provisions that only applied to the 2021 tax year. How I kept it all straight is truly a miracle. As I spoke to new clients and to returning clients, I come to understand how challenging the past couple years has been for them. As observations of the 2021 tax year are shared, I will be providing reminders of how the planning for 2022 is important as the rules have changed with many 2021 tax rules gone for good. As always the recommendation to work with a tax professional not just a tax preparer will be stressed to help you the taxpayer to always pay only the necessary tax.

Click Here for all the informative details.

I Need What For My Taxes? A Tax Professional? Choosing Wisely!

Posted by rstapholz on
0
Business
I Need What For My Taxes? A Tax Professional? Choosing Wisely!

Tax season has started. What can taxpayers expect? What can taxpayers do if they are still waiting for their 2020 refund? What challenges has the American Rescue Plan created for taxpayers and tax professionals? This tax season will again be unlike any tax season in the past. Selecting the correct tax professional is absolutely essential for you to get the calculations correct and to know exactly what you should be receiving in a refund or having to pay in taxes. Yet, how do you know what is needed to prepare your tax return? How do you select the right tax professional? Do you even need to go to a tax office? Virtual tax preparation is here for your health and safety. I will help you to navigate all these questions so you can make the right choice when choosing a tax professional, not just a tax preparer.

Click here for all the details….

Is Your DIY Tax Software Competing Against the Tax Professional?

Posted by rstapholz on
0
Interviews
Is Your DIY Tax Software Competing Against the Tax Professional?

Since 2018 more taxpayers are increasingly using do-it-yourself tax software. What many do not realize is that these same DIY software companies also provide software to tax professionals. For many people though this can be problematic, as just recently I had to amend a tax return for a new client who initially completed their return using one of these DIY software companies. For tax professionals to compete on this very tilted playing field they need to focus on making the personal connections that big corporations cannot. I started this process years ago by striving to use only companies, such as Tax ware Systems, that do not compete against me by offering a similar product to my tax and accounting clients. My focus is on working with clients year around with tax planning and other financial strategies, so my clients can get the best overall financial results. Is your tax professional standing out by using their expertise to help you with complex tax problems that just cannot be handled by DIY software? Or, do they just do your taxes? Today, we discuss DIY software vs. the tax professional, a sizzling hot topic that is so important for both tax professionals and taxpayers.

Learn more here why this is such an important topic.

The Tax Challenges & Headaches of Buying and Selling a Business

Posted by rstapholz on
0
Business
The Tax Challenges & Headaches of Buying and Selling a Business

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Are you considering selling your business? Is buying a business in your near future? Have you spoken to a tax professional about your ideas? Before moving forward on either a purchase of a business or the sale of an existing business, talking to tax professional can save you thousands of dollars of tax. With the proper planning and the right moves you can successfully buy the business of your dreams or sell your successful business with the tax implications already settled. Should I pay cash, get a commercial loan, or use owner financing with an installment sale to buy a business. What the best way to sell, payment in full or an installment sale? We will endeavor to answer these questions and so much more to make either your purchase of a business or sale of a business as least taxing as possible.

Click Here to learn about the importance of checking with a tax professional before buying or selling a business/

Is My Tax Data Safe & Secure? How Safe is My Personal Information?

Posted by rstapholz on
0
Business
Is My Tax Data Safe & Secure? How Safe is My Personal Information?

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No one can fully guarantee the security of personal information. What can be done is take all possible precautions to physically and electronically protect personal information. When you take your personal information to a tax professional, you expect them to only use your information for tax preparation purposes. You also expect that your personal information will be securely stored both physically and electronically. In this episode Marcelino Dodge, EA  explains policies and procedures a tax professional should have in place to protect your data from both physical attacks and electronic attacks. Click here for suggestions of what you can ask before even providing your information to a tax professional.

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