Michael D. Sullivan, a Former IRS Agent, leads a nationwide team of tax professionals at MD Sullivan LLC, based in Florida. Our team includes experienced Tax Attorneys, Lawyers, CPAs, Enrolled Agents, and ex-IRS Agents, offering over 250 years of combined IRS resolution experience. We specialize in resolving IRS back tax penalty cases efficiently and effectively. Michael D. Sullivan provides immediate representation to stop IRS intrusions into your business and personal life, ensuring peace of mind. For IRS tax relief, expert tax solutions, and top-tier tax services in Florida, trust MD Sullivan LLC.
In the event you ended up afflicted by a catastrophe declaration and granted an extension of time to file your 2023 federal money tax return, don’t forget to file and pay via the Feb. three, 2025 deadline. Study a lot more with the #IRS: pic.twitter.com/hQ2b3ZKcuC
Enrolled agents, like Lawyers and Accredited general public accountants (CPAs), have unlimited practice rights. This implies they are unrestricted as to which taxpayers they could characterize, what different types of tax matters they are able to tackle, and which IRS offices they are able to symbolize customers just before. Find out more about enrolled agents in Treasury Department Round 230 PDF.
MilTax, a Division of Protection software, offers absolutely free return preparation software program and electronic filing for federal tax returns and up to three point out money tax returns. It’s available for all military customers plus some veterans, without any money Restrict.
Less than ACAP, you may request that a MAP resolution to get a specified taxable period be extended to include subsequent taxable intervals for which the entity has filed tax returns.
With "question as to legal responsibility," he suggests, you might be arguing to the government that you don't actually owe the tax they think you need to do – or not less than not all of it.
An alternative choice for tax relief is on the market by means of what’s known as an "offer in compromise." This allows you to settle your back taxes While using the IRS for under you owe. In accordance with the IRS, it might be an option for those who Definitely can’t pay out your tax debt or if IRS offer in compromise doing this produces a fiscal hardship.
Individuals and organizations inside of a federally declared disaster region who endured uninsured or unreimbursed disaster-relevant losses can prefer to claim them on both the return with the yr the reduction happened (in this instance, the 2025 return Commonly submitted up coming calendar year), or the return for the prior yr (2024). Taxpayers have beyond regular time – as much as six months following the owing day of the taxpayer’s federal revenue tax return for that disaster 12 months (without the need of regard to any extension of time to file) – to generate the election.
In the course of his presidency, Joe Biden experienced permitted designs to hire close to 88,000 IRS agents over the next 7 decades—a move that was expected to enhance tax revenues in the U.S.
A prosperous penalty abatement can help you save 1000s of bucks, Even though you even now ought to fork out the first tax total.
In These types of exclusive conditions, the impacted taxpayer could receive a late filing or late payment penalty notice within the IRS with the postponement interval. The taxpayer really should phone the variety to the detect to hold the penalty abated.
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Eligible families, including people in Puerto Rico, can assert the credit rating by way of April 15, 2025, by filing a federal tax return—even when they don't Ordinarily file and possess little if any cash flow.
Qualified catastrophe relief payments are usually excluded from gross money. On the whole, Which means that afflicted taxpayers can exclude from their gross cash flow amounts gained from a governing administration company for affordable and vital private, family, dwelling or funeral expenditures, and to the restore or rehabilitation in their house, or with the mend or replacement of its contents. See Publication 525, Taxable and Nontaxable Money, for information.
For a Revenue Agent, you may use your competencies in accounting to system and carry out examinations or make determinations on various federal tax matters. These examinations might be carried out in the sector or in the centralized Office environment location,dealing with taxpayers, their representatives, certified community accountants, and taxattorneys.