VATaxRelief

Follow me
By
Services for Real Estate Pros - Anchor Tax Relief LLC - 00100741-EA
RECENT BLOG POSTS
When it comes to your money, there’s only one person that truly has your best interests at heart.  And that person is looking back at you in the mirror.  Handling your own finances and making your own decisions can give you peace of mind and help you avoid a costly mistake. There is a lot to be s...
08/06/2022
Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kind of back taxes you can owe.  If you’re a Realtor with a payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut your business down completely.  Already in payro...
07/27/2022
Even for honest taxpayers, the IRS can be extremely frightening.  Unlike most other government agencies, the IRS has unbridled power to attach your wages, freeze your bank account and even confiscate your property, and that is enough to send a chill up the spine of any Realtor!! If you receive a ...
07/23/2022
So you’ve received a Notice of intent to Levy from the IRS.  Ugh! I’ve helped taxpayers deal with IRS tax debt problems for years, and I've got good news and bad news. Let’s start with the bad news around an IRS CP504 letter, and then quickly move onto the good news for you! What it means You hav...
12/28/2021
It’s late October. My favorite time of the year. The holidays are coming fast, fall colors paint the landscape, and  the football season is in full swing. But in case you haven't noticed, it's also the season for IRS notices. The extension deadlines for business and individual income tax filings ...
10/30/2021
Got your kids on payroll yet? When you hire your under-age-18 child, you shift taxable income from you to your child. Why does hiring family members matter? Because if you're single with taxable income of $40,526 or higher - or married with $81,050 or higher - you're in the 22% (or higher!) feder...
09/25/2021
Donating money is a great thing.But do you really want to donate to the IRS?Many Realtors do via missed tax deductions.I mean sure, I guess the IRS needs help…But they already have 74,000 employees and a budget of $11 billion.So I think they’re doing ok.Better than a lot of other organizations I ...
09/16/2021
Since the tax filing deadline comes at the busiest time of year for Realtors, many agents and brokers opt to file for an automatic extension to file with the IRS.That will push the deadline for S Corp filers to Sept 15... even Oct 15 for many LLC and sole proprietors. The problem is, with the cra...
09/11/2021
New agents are running so hard to launch their business and develop a customer base that they rarely take the time to set up their record-keeping and taxes correctly.I've prepared over 1,000 Real Estate Agent or Broker tax returns over the past few years, and it's amazing to me how a few simple c...
08/28/2021
Can the IRS really levy your W2 paycheck or 1099 Real Estate Commission Check? They can - and will - if you've  been getting IRS notices asking you pay taxes owed, and you fail to comply.  I've also seen agents and brokers who haven't even filed tax returns get levied by the IRS or their state ta...
08/20/2021
Rainmaker
16,702

Jim Flauaus

Your Tax Problem Solver
local_phone757-312-0098
Contact The Author