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General Article

How To Avoid IRS Notices And Penalties

How To Avoid IRS Notices And Penalties

Notices and penalties are two powerful collection forces that IRS uses to get taxpayers in line with their tax obligations and that these two should be avoided. They can be a threat to taxpayers and may cause you trouble if a lot of them get into your tax payment system. IRS can penalize you with just about anything you can imagine. The best way to fight penalties is to get ahead with them and know for what reasons and when they strike. You don’t need to study all the penalties based on the Internal Revenue Code, you can consult a tax attorney who knows the way around tax laws and legalities for a better understanding on these matter.

What are IRS notices and IRS penalties?

A notice is simply the IRS’ way of informing you that there has been a change on your account for a particular tax year and most common though not always may indicate the amount of taxes you owed has increased. Penalties are imposed due to failures related to Federal or local state taxes like failure to file income tax or filing incorrect returns. Penalties can be civil or criminal or both. They can be monetary, may involve forfeiture of asset/s or you may be sent to jail. Most of the time, monetary penalties are based on the amount of taxes not paid on time and has the ability to increase during the period of nonpayment.

IRS sends millions and millions of notices every year and they can’t deny the fact that most of the notices they send out are not correct. And because an IRS notice cannot be ignored, a lot of taxpayers often respond to these notices and are paying incorrect penalties. You don’t need to pay for these unnecessary penalties if you knew within your mind that you shouldn’t be paying them, you can appeal and fight for what is right especially when you have enough documents to prove that you are compliant with you tax obligations. Penalties can tremendously increase and usually surpasses the amount of taxes that you actually owe IRS. If IRS penalties are a lot more than you can afford, you should seek help from a tax attorney immediately to know what your chances are in order to obtain a Penalty Abatement. Penalties or in IRS’ terms “additions to tax” compound as time goes by and no one can be escape from it.

The best way to avoid IRS notice and IRS penalties is to observe and follow rules in filing income tax returns in a timely manner. If you are on this track right now, then you are already winning the battle against IRS. But if you’re not and in trouble with IRS regarding a very high tax debt plus penalties and interest consult a tax professional such as a tax attorney, CPA or an IRS enrolled agent immediately. Instant Tax Solutions can better provide IRS tax relief help than any other company can. ITS has a team of brilliant and experienced tax professionals that specializes in tax relief aid.…

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Civil Law

Residency From Work Visa – The Gateway to New Zealand

Migrated individuals in New Zealand need not suffer sleepless nights about whether they would be allowed to remain there as they can apply for the New Zealand Residency from Work Visa which allows them to become residents there. The Visa is beneficial for those who are already there on a work permit and now would like permanent residency.

The whole idea behind the issuance of Residency from Work Visa is to make the stay there on a permanent basis. Several migrants fly to New Zealand and since they are living there on a work permit they would like to make their stay permanent.

Those who have been working in New Zealand for 2 years on a work permit can apply for Residency under the Residency from Work Visa. No doubt, there are certain requirements if one wants to migrate to New Zealand via this visa such as:

Health requirement- A medical as well as chest X-ray must be completed both that of the partner as well as that of the applicant. Pregnant women and children who are below 11 years need not provide the chest x-ray certificate report unless a special report is asked for.

English language requirements: There are minimum language requirements to be met.

Character requirements- A police certificate is required for those who are 17 years and above. Other certificates required are the country of origin (unless one is able to prove that one never lived there.) Also any country you have been in for 12 month or perhaps more so in the last 10 years. In case, one is already in New Zealand via work visa then it is essential for one to get police certificate from the New Zealand police.

In case, one is planning to include a partner, then one has to also meet the requirements for recognizing the partnership. It is essential to submit a document that provides evidence of partnership.

What is the purpose of New Zealand Residency from Work Visa?

Immigration to New Zealand via the Residency from Work Visa is aimed at attracting talented migrants from other countries who can contribute exceptionally in the field of arts, sports as well as culture in case there is much shortage of such talent among the New Zealanders.

Thinking of New Zealand migration, then it would be better to get full details about the New Zealand Residency from Work visa to settle down there comfortably on a permanent basis and have higher standard of living.…

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Law Dictionary

Personal Injuries in San Fernando Valley Cost Lives and Limbs

As one of California’s most urbanized areas, San Fernando Valley personal injury lawyers will tell you that people of all ages, whether they get behind the wheel of a car or not, are at risk of accidents that can cost them their lives and limbs.
Studies show that San Fernando Valley many accident injuries occur near schools, on urban streets and at train crossings.
Dangerous Train Crossings Worry San Fernando Valley Commuters
In 2008, San Fernando Valley figured prominently in the news after a Metrolink train collided with a Union Pacific freight train in Chatsworth. Reports showed that 25 people were killed and 135 others were injured in the horrific collision. Investigation showed that the Metrolink train engineer may have been text messaging at the time of the crash, which led him to miss a red light warning.
Aside from the tragic 2008 crash, safety experts say that San Fernando Valley is home to some of the system’s most dangerous crossings. They identified these areas as Buena Vista Street in Burbank and Sunland Boulevard in Sun Valley. In January 2003, two people were killed when a man’s vehicle was struck by a Metrolink train traveling 79 mph. Two train cars were also derailed and 20 other Metrolink riders were injured in the train accident. In January 2006, a 76-year-old lady was killed after her car was hit by a Metrolink train going 75 mph. The woman’s car was dragged a third of a mile before the train could stop.
Metrolink officials, however, are aware of the city’s track record when it comes to train safety. They recently announced, that as a result of the 2008 Chatsworth crash, video cameras have been installed inside and outside all of the rail system’s locomotives. The new safety measures also include video records, similar to those of an airplane’s black box, which will be reviewed daily on a random basis to determine whether engineers adhere to bans on cellphones, text messaging and entertaining unauthorized passengers in the cab.
Unsafe Driving in School Zones Puts Children, Crossing Guards At Risk
The most vulnerable members of the population include children. In fact, San Fernando Valley safety officials say that 25 to 30 children are injured every year while on their way to school or while going home. But it’s not only children who are at risk. San Fernando Valley has 146 crossing guards and they recently spoke out about some people’s cavalier driving attitudes near school zones.
San Fernando Valley crossing guards say that even though cars are supposed to wait for them to get back on the curb, some drivers turn right in front of them. One Valley crossing guard recounted how one driver completely ignored him as walked back to the curb and even laughed as she almost hit him. Despite a 25 mph speed limit in school zones, another crossing guard suffered serious personal injuries when he was hit by a speeding driver in Granada Hills.
Even parents put their own children at risk with their driving habits, said one San Fernando Valley transportation official. Because many parents are in a rush to drop off their children at schools, they compromise their kids’ safety and those of other children. One girl was dragged down the street by her mother when the child’s backpack was caught in the car handle as she stepped out of the vehicle.
San Fernando Valley Personal Injury Lawyers Note Disturbing Pattern in City’s Car Accidents
Meantime, many San Fernando personal injury attorneys are also concerned that many accidents seem to take place in select streets and areas in the city. Recent studies showed that in the last three years, at least 90 people have been killed on just 20 San Fernando Valley streets.
Many San Fernando Valley personal injury law firms say that this means that either the city is not doing enough to make the roads safe for its citizens or some motorists are stubborn about sticking to their unsafe driving practices. Some of the most dangerous streets include Laurel Canyon Boulevard, Burbank Boulevard and Nordhoff Street, which had 28 fatal accidents between them.…

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Free Legal Advice

How Is a Realisation of Real Property Taxed?

The proceeds from the mere realisation of the capital assets or from the change of investment not give rise to income according to ordinary concepts or talk profit arising from a profit-making undertaking or plan within the meaning of the legislation, even if the realisation that changes carried out in the most advantageous manner. Of course, the capital gains tax provisions may apply in relation to property acquired on or after the 1985.
In the Scottish Australian mining case, a coal mining company exhausted the main coal seam on land that it owned. It then subdivided the land, constructive roads and railway station, granted land to public institutions and then sold the subdivided parcels for profit. It was held that the taxpayer was merely realising capital asset to its best advantage. In the NF Williams case, the High Court commented that an owner of land who holds it until the price of land has risen and then subdivides and sells it is not exchanging in an adventure in the nature of trade or carrying out a profit-making scheme, even if a landowner seeks the advice of experts as to the best method of subdivision and sale or carries out work such as grating, levelling, roadbuilding in the provision of water and power.
More recent examples of the principle that the proceeds from the mere realisation of the S of the assessable as ordinary income are where the profits realised on the sale of subdivided farming land all receipts under agreements for the sale of timber growing on the taxpayers land or the progressive sale of farming property or the profits from the sale of the subdivided orchard are all the exempt from the calculation as assessable income. This reason, the realisation of real property is often not considered an element of assessable income.…

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Law Firm

You Can Work Well With an Unreasonable Boss – But Here’s the Trick

Actually, tricks would be more accurate for a boss that is that unreasonable. Following are some tips that will be very helpful to you in your daily communications with that unreasonable boss.
Most of us have had to deal with a problematic boss at one time or another in our work life. It can be tremendously annoying, and frustrating, for any employee who is just trying to do their job properly to have to deal with such a superior at work. Such a person can make work virtually unbearable.
The daily tipping point is usually when the employee has to personally interact with that overbearing and unreasonable boss. And it is especially worse, when the discussion involves a sensitive subject.
There are some tips, or tricks, that will probably work if you act accordingly:
1) Whatever you do, do not get cocky. This could be difficult, but very important not to do. Do not let your confidence, which is basically a good thing, overflow into a cocky attitude. That could just ignite an outburst from him or her.
2) Conversely, if you appear to be easily submissive or meek, you’re setting yourself up to be bullied. Concerning this, and #1 above, act confident and competent just enough. That should do it.
3) Be polite. That goes without saying, regardless of your voice and personality. Just be polite, show respect, but without much more. The last thing you want to give that unreasonable boss of yours is ammunition to use against you.
4) This is very important to remember when in a conversation with a particularly difficult boss. That is, the way that you raise your statements, the points that you raise. If you are discussing a particularly sensitive subject, such as relations between management and employees, try best to get your thoughts across without politicizing the subject or making a snide remarks. Again, you would be asking for trouble.
Bluntness would probably not be appreciated. That could be a problem with close friends even; with that unreasonable boss, that is obviously just another way to unintentionally set him off. You must be very patient, as unreasonable as that is to you. Remember, you’re not dealing with a reasonable human being; and, unfortunately, they are your boss.
5) there are limits, even when dealing with a very unreasonable boss concerning your self respect. He or she is not the boss of your entire life; hopefully for no more than eight hours a day, five days a week. By showing you have a strong backbone, without getting in their face, but rather remaining so-called calm, cool, and collected, you probably do just fine, and leave that day in a relatively good state of mind.
If you are having problems with a bullying boss at work, the Undercover Lawyer can help! Check him out here.…

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General Article

Tips For Contacting the IRS For Tax Help – What You Don’t Know Might Hurt You

Tips For Contacting the IRS For Tax Help – What You Don’t Know Might Hurt You

IRS Commissioner Douglas Shulman has pledged that IRS agents will have more flexibility to reach tax settlements with taxpayers who have fallen on hard times and owe back taxes, but it is important to remember that “Revenue ” is the IRS’s middle name.

With the IRS, making things “easy” means separating taxpayers from their money with as little friction as possible. What is good for the IRS generally is not’t good for you. Additionally, while you may owe some back taxes, your tax liability may not be as much as the IRS believes.

It is important to consult with a tax attorney or Certified Tax Resolution Specialist to go over your case before you contact the IRS because everything you say to that friendly government agent “can and will be used against you.” Confiding your tax woes to the IRS is not a good idea – it would be like confessing your sins to a prosecutor without your defense attorney present.

But if you are determined to contact the IRS for tax help, you need to be smart unless you want increase your audit risk and/or tax liability. It isn’t just “what you don’t know can hurt you,” it is what the IRS agents themselves don’t know that can really hurt you.

The IRS Will Give You Bad Tax Advice 43% Of The Time

If you have collection-related matters, bank levies, tax liens, your wages are being garnished or you’re being audited, instead of calling a tax attorney or Certified Tax Resolution Specialist, your first impulse might be to call the IRS itself to seek clarification on your back tax issue. Unfortunately, while the IRS might tell you why they are going after you, they have a horrible track record for giving out tax relief advice on how to resolve back taxes and IRS problems.

The IRS offers 10 reasons you should visit its Taxpayer’s Assistance Centers “for good old-fashioned face-to-face assistance from the Internal Revenue Service. No recorded menus. No hold music.” Sounds great! But there’s one big reason not to. Without a tax attorney or Certified Tax Resolution Specialist on your side, you have an even greater chance of making your back taxes situation worse.

It’s important to keep in mind that when you work with the IRS, their agents, unlike tax attorneys or Certified Tax Resolution Specialists, often don’t have the proper training to provide you with the tax help that you need. When you make that call to the IRS 1-800 help line number, you’re essentially putting your financial fate in the hands of someone that doesn’t have the knowledge or experience to deal with your tax situation. It is the job of a tax attorney or a Certified Tax Resolution Specialist to make sure that IRS representatives adhere to their own rules.

My best advice, if you do end up on the phone with the IRS, is to take down the rep’s name and their extension number so you have a record of who you’re talking to. A lot of them don’t give you their name, and they don’t want to give you their badge number. Those are the people you’ll really have to watch out for.

How to Ensure You Don’t Pay A Penny More to the IRS Than What You Owe

Fortunately, there is a way to greatly increase your odds of a favorable resolution. Tax attorneys or Certified Tax Resolution Specialists are dedicated to fighting for you when they go to battle with the IRS. And the money you spend on tax attorney or Certified Tax Resolution Specialist fees will be saved many times over in the taxes and penalties that you do not have to pay.

So if you get that scary letter from the IRS, you don’t have to feel alone because a tax attorney or Certified Tax Resolution Specialist can help you and go to bat with the IRS on your behalf! Know that if you try to represent yourself before the IRS, you will end up in a losing battle. Plus expert tax help from a tax attorney or Certified Tax Resolution Specialist can help you ensure you don’t pay a penny more to the IRS than what you owe.

For any back taxes under $10,000, you can pick up the phone and give the IRS a quick call and they’ll set you up on a small monthly payment plan for $100-$115/month. You will not have to fully disclose your financial information (where you work, how much is in your .) to be able to be set up with a reasonable payment plan unless you owe more than $10,000.

Negotiating Your Back Taxes and IRS Debt

Most tax attorneys and Certified Tax …

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General Article

The Top 2 Commandments To Handling Any IRS Tax Controversy

The Top 2 Commandments To Handling Any IRS Tax Controversy

Yes, I realize there are already thousands of articles published on handling IRS controversies relating to a whole host of matters. Most focus on particular tax topics, such as how to handle an audit or representing oneself pro se in the U.S. Tax Court. So long as the information is accurate, then great, I hope you, the taxpayer, find whatever you are looking for.

One problem that I see, however, is that very few articles focus on the absolute fundamentals of dealing with any IRS controversy. And when I say “tax controversy,” let me just clarify by saying that for me the term “tax controversy” entails many things, but for purposes of this article, a “tax controversy” is when the IRS takes issue with one of your previously submitted tax returns or failure to file a tax return.

When dealing with the IRS, it is essential that you understand some very fundamental things. So essential, in fact, I refer to them as the 5 Commandments.

Commandment I: Do Not Ignore the IRS!

Seems simple enough, but even cynics would be surprised at the number of people who simply ignore the IRS in the hopes they will just lose interest and go away. Unfortunately, the IRS does not go away. As a matter of fact, it is quite the opposite. Failure to respond to IRS inquiries will eventually give the IRS the right to impose its will on you. That amount in controversy is no longer in controversy – it is now assessed and owed. Let me provide an example.

Example 1 – Taxpayer John purchased his first set of stock in the beginning of 2008. The total amount purchased was $10,000. John quickly realizes 2008 is a terrible year to start buying stocks so manages to sell all his stock by the end of 2008 for $8,000. As you can see, John lost $2,000 in this process. Now, let us say the IRS sends taxpayer John a letter stating that it disagrees with how John treated his capital gains with respect to the stocks bought and sold in 2008 and would like him to submit additional paperwork in order to substantiate his claims of the stock’s basis. Instead of responding, however, John ignores the letter from the IRS. In fact, John ignores all subsequent letters as well. As a result, the IRS disallows the $2,000 loss and instead assesses an $8,000 gain.

As you can see, this $10,000 swing will greatly affect his tax liability, and thus the amount he will owe to the IRS. But wait! What about John’s basis? Shouldn’t the IRS know John had to have some basis in the stock?

Yes, the IRS does know John has some basis in the stock, but the point to remember here is that the IRS is not responsible for determining the stock’s basis, John is responsible. When John does not respond to the IRS letters, the IRS is left with no choice but to treat the stock as if it had a basis of zero.

Trust me when I say this – if you try to work pro-actively with the IRS, you will be treated fairly. If you decide to ignore the IRS, they simply cannot give you the benefit of the doubt.

Commandment II: Do Not Panic

People make irrational decisions when panicked. My advice – remain calm. Personally, the IRS reminds me of a turtle. A turtle is smart, but slow. Garnishing wages and levying on property are actions of last resort and take a long time to come about. The IRS simply does not want to have to take your case that far. Also, the IRS rarely hands cases over to the Department of Justice in order to bring criminal charges against you. Honestly, the IRS does not think you are worth it, so do not give them a reason to make it worth their time. Remain calm and you will make good decisions.…