Tax


New Due Date for Individual Tax Returns

New Due Date for Individual Tax Returns

New Due Date: May 17,  2021 – Individual (1040 ) Treasury, IRS extend filing and payment deadline: Tax Day for individuals extended to May 17 https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline Need Help? If you need further assistance, please let us know as soon as you can. For a quick consultation, here is our calendar. Please book a time that works for......


Taxes, DHH Tax and Bookkeeping Services

What is IRS Levy

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt. When you do not pay your taxes or you......


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Pros and Cons, Do you qualify for CNC?

If you have a financial hardship and lack the money to pay off your IRS or State tax debt, you may have your account put into a Currently Not Collectible, or CNC, status. There are Advantages and Disadvantages of CNC status. Advantages: Once your account is in CNC, all levies and garnishment is stopped....