cnc Archives | Crabb Tax Services

Spouse’s Bad Credit Killing Hopes of a Mortgage? Save Your Home and Marriage!

Crabb Tax Services — Tue, 17 Oct 2017 22:43:10 +0000

You probably didn’t think to run a credit check on your spouse before you got married. After all, love reigns supreme, right?

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IRS Collections: A Primer For Tax Preparers

Crabb Tax Services — Fri, 15 Sep 2017 01:18:41 +0000

CPAs, Enrolled Agents and attorneys are part of a privileged group that can represent taxpayers at all levels before the IRS, yet many choose not to extend their practice when collections issues arise. For those that do, there are some

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IRS TAX TIP: Learn about Tax Benefits for Education

Crabb Tax Services — Wed, 30 Aug 2017 22:06:51 +0000

The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher

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You Owe IRS Taxes: What Do You Do? The Offer in Compromise

Crabb Tax Services — Wed, 30 Aug 2017 21:45:53 +0000

Where individuals and businesses owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. Known as an “Offer in Compromise,” Congress has given the IRS the authority to “compromise” and reduce

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Currently Not Collectible Taxes: What Do You Do?

Chris Crabb, Tax Specialist — Thu, 24 Aug 2017 06:27:13 +0000

by McNair Law Firm, P.A. If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can consider placing the account into “currently not collectible” (CNC) status. If placed in

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Owe Back Taxes? The IRS May Grant You Uncollectible Status

Chris Crabb, Tax Specialist — Tue, 15 Aug 2017 05:27:48 +0000

Sometimes seniors find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions. Article by Chambliss, Bahner & Stophel, P.C. – You may read the article in its entirety

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Unfiled Tax Returns: What Do You Do?

Chris Crabb, Tax Specialist — Fri, 11 Aug 2017 06:02:20 +0000

by McNair Law Firm, P.A. The United States has a voluntary income tax reporting system. U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the IRS, reporting their “worldwide income”, deductions, and their “net taxable income”,

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How to Resolve Your Tax Debt

Crabb Tax Services — Tue, 02 Feb 2016 00:22:09 +0000

Most people don’t want to be behind on taxes, but if you do fail to pay the Internal Revenue Service, it’s important to know what happens. Here’s a look at the collections process and how you can resolve tax debt. By Craig Smalley Learn

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