Tax Blog

Nov 19

If You Have Been Assessed A Penalty By The IRS You May Qualify For First-Time Penalty Relief

By East Coast Tax Consulting Penalty Relief

The IRS allows taxpayers with a clean compliance record to request first-time penalty relief under the First Time Abate (FTA) policy. FTA covers penalties such as Failure to File (FTF), Failure to Pay (FTP), and Failure to Deposit (FTD). While…

Nov 04

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Abusive Employee Retention Tax Credit Claims To Be Targeted By IRS

By Salvatore Bochicchio Tax Credits

Have you seen those ads on television or received email solicitations promoting a large tax credit? The large tax credit they are referring to is the employee retention tax credit (ERTC). The ERTC is a government-sponsored program to keep workers…

Oct 01

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How Does the 2022 Inflation Reduction Act Impact IRS Collections and Audits

By Salvatore Bochicchio IRS Collections

Working with the IRS has never been easy, and tax settlement agreements are always complicated affairs. If you are currently working to pay off your tax debt, you may wonder what the recently passed 'Inflation Reduction Act of 2022' has…

Sep 07

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Here’s What You Need To Do If You Have Unfiled Tax Returns

By Salvatore Bochicchio Tax Returns

Filing your taxes is never a fun thing to do, but if you don't file a return you can expect the IRS will come calling. They have the authority to file a return on your behalf, with results that typically…

Sep 03

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1.6 Million Taxpayers To Receive IRS Penalty Relief

By Salvatore Bochicchio Penalty Relief

To help struggling taxpayers affected by the COVID-19 pandemic, the IRS is providing penalty relief to most people and businesses who file or filed certain 2019 or 2020 returns late. This includes nearly 1.6 million taxpayers who will automatically receive…

Sep 01

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Reasons to Hire a Tax Resolution Specialist

By Salvatore Bochicchio Tax Problem Help

Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing to work with a tax resolution specialist is often a great choice if you are dealing with the IRS. These tax relief specialists can…

Aug 27

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Substitute For Return Causes IRS To Send A Bill For Unfiled Years

By Salvatore Bochicchio Tax Returns

We regularly receive emails from taxpayers with questions regarding their IRS tax problems. Since many taxpayers face similar issues, we have decided to share one question and our response on a monthly basis, in the hope it can help others…

Aug 26

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buyer and seller shaking hands after installment sale

Defer Taxes with an Installment Sale

By Salvatore Bochicchio Tax Planning

Do you own investment property or a small business? Sooner or later, you will probably want to sell. One of the downsides of selling a business or investment property is the huge tax bill at the end. Profits are likely…

Jun 26

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Payroll Tax Problems Resolved In South Florida

By East Coast Tax Consulting Payroll Taxes

Although the economy has improved, we still receive a steady stream of phone calls from business owners throughout Palm Beach, Broward and Miami-Dade counties needing help resolving payroll tax problems. When facing a cash flow problem the owners of a…

May 04

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Be Aware of the Household Employee Payroll Tax Rules

By Salvatore Bochicchio Payroll Taxes

If you hire a domestic worker to provide services in or around your home, you probably have a tax liability that you don’t know about – or one that you do know about but are ignoring. Either situation can come…

East Coast Tax Consulting Blog

If You Have Been Assessed A Penalty By The IRS You May Qualify For First-Time Penalty Relief

Abusive Employee Retention Tax Credit Claims To Be Targeted By IRS

How Does the 2022 Inflation Reduction Act Impact IRS Collections and Audits

Here’s What You Need To Do If You Have Unfiled Tax Returns

1.6 Million Taxpayers To Receive IRS Penalty Relief

Reasons to Hire a Tax Resolution Specialist

Substitute For Return Causes IRS To Send A Bill For Unfiled Years

Defer Taxes with an Installment Sale

Payroll Tax Problems Resolved In South Florida

Be Aware of the Household Employee Payroll Tax Rules

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