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Keith L. Jones, CPA TheCPATaxProblemSolver
#youtube#tax#taxes#tax evasion#taxrelief#TaxRelief TaxBreaks TaxHelp TaxSeason FinancialFreedom TaxSavings MoneyManagement TaxTips IRS FinancialPlanning TaxPreparation TaxFiling Deb
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If you find yourself grappling with IRS debt, you're far from alone—but navigating the path to resolution can feel daunting. That's where Lexington Tax Group steps in. Specializing in IRS debt resolution, we offer a comprehensive approach to not only address your current tax liabilities but also to secure your financial future. Let's delve deeper into how we can turn your tax woes into a manageable plan.
Understanding Your Debt
The journey to resolution begins with a full assessment of your tax situation. This means a thorough review of your tax filings, identifying any discrepancies, unfiled taxes, and calculating the accumulated penalties and interest. Understanding the scope of your IRS debt is critical in crafting a tailored resolution strategy.
Exploring Resolution Options
With a clear understanding of your debt, we explore various resolution avenues. Each option is designed to cater to different circumstances, ensuring that the chosen path is the best fit for your financial situation.
Installment Agreements: Suitable for those who can repay their debt over time, this option allows for a monthly payment plan that fits your budget.
Offer in Compromise: A valuable option for those who might struggle to repay the full amount, allowing you to settle your debt for less than what is owed, subject to IRS approval.
Currently Not Collectible Status: If you're facing financial hardship, this status temporarily halts collection efforts by the IRS.
Penalty Abatement: For those who have a history of compliance, negotiating to reduce or eliminate penalties can significantly lower the debt owed.
Customized Implementation
Choosing the right strategy is just the beginning. At Lexington Tax Group, we navigate the complexities of IRS negotiations and paperwork on your behalf. From filing the necessary documents to setting up payment plans, we ensure each step is executed efficiently, always with your best interest at heart.
Ensuring Future Compliance
Beyond resolving your current IRS debt, our mission is to help you maintain financial health. This includes advising on future tax filings, strategies for financial management, and tips to avoid future tax liabilities. Our comprehensive approach not only addresses your immediate needs but also sets you up for long-term success.
Why Choose Lexington Tax Group?
At Lexington Tax Group, we understand the stress and anxiety that come with IRS debt. Our dedicated team offers personalized service, tailored strategies, and the expertise to navigate the IRS's complex processes. We're committed to resolving your tax issues and guiding you towards a stable financial future.
Facing IRS debt doesn't have to be a solitary journey. With Lexington Tax Group, you have a partner every step of the way—from understanding your debt to ensuring future compliance. Visit us at www.LexingtonTaxGroup.com or call 800-328-8289 to learn how we can help you resolve your IRS debt efficiently and effectively.
#IRSDebtHelp#TaxResolutionServices#FinancialFreedom#BackTaxes#TaxRelief#DebtFreeJourney#OfferInCompromise#TaxDebtSolution#IRSDebtRelief#LexingtonTaxGroup.#tax debt#irs lawyer#tax debt attorney#irs audit#i owe irs
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🔥 Good news, self-employed folks! Tax deadlines pushed to Aug 7 for Hawaii wildfire victims. Take a breather and catch up on your taxes. Stay strong! 💪
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California Extends Tax Deadlines for COVID Relief: More Time to File!
#Californiastatetaxdeadlines #COVID19pandemic #IRSextension #November2023 #taxrelief
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Curtailing the ERC to pay for taxpayer benefits
By Roger Russell
An inside look at the Tax Relief for American Families and Workers Act of 2024 as it works its way through Congress.
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Exciting news for 4.7 million individuals, businesses, and tax-exempt organizations! The IRS provides $1 billion in penalty relief for those who missed automated collection reminders during the pandemic. Most recipients earn under $400,000 a year. Eligible taxpayers with assessed tax under $100,000 get automatic relief, saving $1 billion in total. This applies to 2020 and 2021 tax years, and the penalty resumes on April 1, 2024. 💌 Special reminder letters with tax liability info and relief details will be sent this month. For further assistance, contact SK Financial CPA at ☎️ +1 813 322 3936 or visit our website 🌐 www.skfinancial.com Update
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Are Senior Citizens Exempt from Advance Tax?
Discover India's tax exemptions for senior citizens. Learn about pension income relief and navigate complexities with our guide.
Read Our Detailed article in the below link 👇-
https://www.mygstrefund.com/Senior-Citizens-Exempt-from-Advance-Tax/
THANKS FOR READING!
We provide GST refund solutions for customers.
To know more please visit: www.mygstrefund.com
Join Our Community: community.mygstrefund.com
Contact Us: +91 9205005072
Mail- [email protected]
#TaxRelief#SeniorCitizens#SeniorCitizenTax#AdvanceTaxExemption#TaxExemptSeniors#SeniorCitizenTaxRelief#AreSeniorsTaxExempt#AdvanceTaxSeniorCitizens
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Low Income Tax Offset and Low and Middle Income Tax Offset
#TaxRelief#IncomeTaxOffset#LowIncomeTaxOffset#LowAndMiddleIncomeTaxOffset#FinancialAssistance#TaxBenefits#FinancialSupport#TaxBreak#ReducedTax#FinancialRelief#TaxSavings#Youtube
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ERC and ERTC Tax Relief and Refund! Business owners, this is for you! Whether you have seven full-time employees or five hundred, we are here to help! Click on the link to have access to programs that will benefit your business, employees, and your future. Our tax attorneys and CPAs will help you. If you have questions or want to set up a free consultation, do not hesitate to contact us. I will even fill out the forms for you; at no cost! 🌐 info: https://spartabiz.com/rkrejcir 🌐 form: https://spartabiz.com/rktaxcredits-7822 https://spartabiz.com/rktaxcredits-7822 #ERC #ERTC #ERCrefund #ERTCrefund #Taxrefund #spartabiz #taxcredit #employeeretentiontaxcredit #ERCtaxcredit #ERTCtaxcredit. #Businesstaxcredit #benefitsforbusiness #businessbenefits #Businessowners, #TaxRelief #businessTaxRelief #Employeeretention https://www.instagram.com/p/CqOwcx2vnBB/?igshid=NGJjMDIxMWI=
#erc#ertc#ercrefund#ertcrefund#taxrefund#spartabiz#taxcredit#employeeretentiontaxcredit#erctaxcredit#ertctaxcredit#businesstaxcredit#benefitsforbusiness#businessbenefits#businessowners#taxrelief#businesstaxrelief#employeeretention
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The drastic economic effects of the pandemic meant that the government had to take some significant steps to ensure the people’s continued survival. So, in addition to a host of other policies, recent regulations have given Malaysians a measure of influence over how much they can contribute to their EPF (Employees Provident Fund). You can now drop your contribution to 9% or fill the Form KWSP 17A to ensure that you continue putting in the standard 11%. But before you swing, you should at least consider the possible effects of your actions. With this in mind, we’ll look at the possible repercussions of changing your EPF contribution from four (4) different angles.
1. From The Perspective Of Those Who Had To Take a Pay Cut
Due to the devastating effects of the pandemic, many employees who weren’t outright relieved of their duties had to take a pay cut. If you fall in this bracket, leveraging this new development might be your only logical recourse as it gives you more take-home to cover expenses without biting too deeply into what you put away for retirement. But if even with your pay cut, you can still manage all your financial responsibilities, you may be better off leaving your contributions at 11%.
2. From The Perspective Of Those Who Didn’t Take a Pay Cut
Some employees managed to scale through the worst of the pandemic without taking a pay cut. In this case, the opportunity to contribute less EPF means you take home even more of your earnings. By extension, you may be able to put more away for emergencies and, if you like, fund some of those lifestyle changes you’ve always wanted. However, in this instance, you should consider leaving your contributions at 11%, as you don’t necessarily need the extra cash now. Saving it for the future when you need it more may be more rewarding.
3. In Terms Of The Dividends You Can Earn
From 1999 to 2020, the EPF paid an average dividend of 5.9% per annum. It means that it is one of the safest and most profitable places you can keep your money right now. However, as the dividend you earn is directly dependent on your total savings, cutting your EPF contributions means that you may earn fewer dividends.
4. In Terms Of Tax Relief, You Can Access
The more you contribute, the higher you can claim. So, you’re saving money in two ways when you leave your EPF contributions at 11%!
Making The Right Decision For You
Ultimately, the way you go here depends on whether you can afford to pay your bills right now. If you can’t manage without the extra, you get from a lower EPF contribution, then go for it. But if you’ll be fine either, securing your future with an 11% contribution may be the way to go!
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File your Income Tax Return with TaxaJ no matter how complex it is, we have got you covered! #incometax #itr #incometips #incometaxindia #incometaxseason #incometaxreturn #itreturn #taxseason #taxfiling #taxrelief #typesofitr (at TAXAJ) https://www.instagram.com/p/Cmx1EKKhc2d/?igshid=NGJjMDIxMWI=
#incometax#itr#incometips#incometaxindia#incometaxseason#incometaxreturn#itreturn#taxseason#taxfiling#taxrelief#typesofitr
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The Tax – levying authorities make sure that the system does not become a burden on the tax payers, exactly as a honey bee sucks nectar of the flower, but does not harm it. The HMRC in UK has introduced certain tax credits and benefits for the tax payers for this purpose.
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🔥📢 Calling all Self-Employed Superheroes! 🦸♂️
💼 Get the latest IRS tax relief for Washington wildfire victims. Deadlines extended! Check it out! 🌲🔥
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California Extends Tax Deadlines for COVID Relief: More Time to File!
#Californiastatetaxdeadlines #COVID19pandemic #IRSextension #November2023 #taxrelief
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Tax extenders bill throws new uncertainty into tax season
By Michael Cohn
The House Ways and Means Committee reported the text of the Tax Relief for Workers and Families Act after voting last week to advance the bipartisan bill.
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PF FD Savings And Insurance Tax Relief
PF FD Savings And Insurance Tax Relief
Taxation might be not easy, but it doesn’t have to be! This article will explain how investing in a tax-saving fixed deposit (PF FD) savings or an insurance policy may help you save money on taxes.
You’ll also learn about the many tax reliefs available to help you save money on your taxes.
PF FD Tax Reliefs and Insurance Tax Reliefs
One approach to save on taxes is to invest in a tax-advantaged…
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#401Kplan#Fd#insurancepolicy#insurancesaving#insurancetaxrelief#IRS#pfdfsaving#savemoney#savemoneytips#taxdeduction#taxrelief
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