What is a CP 11?
A CP 11 is a “changes to tax return, balance due” notice from the IRS. Basically, it’s the IRS telling you that you have been audited and that they believe that you owe more money. This IRS tax notice is essentially a bill, telling you what to pay. What most people do not ... Views: 1543
Tax Myth 1: The IRS will not notice if I do not file.
In the age of computers, this tax myth could not be further from the truth! TaxMasters has dealt with numerous cases where people mistakenly believed the IRS would somehow miss the fact that they did not file a tax return or decide to let ... Views: 395
Have you ever done your taxes, and found out after the fact that you had missed an opportunity for a deduction? In this blog we will be discussing three tax deducting tips to save you money. A person’s income tax is affected by their level of tax deduction. Tax deductions are used by the ... Views: 396
Have you been effected by a garnish of wages? It is the process of deducting money from an employee's salary. The garnish of wages will continue until the entire debt has been repaid. One of the biggest garnishments is from not paying taxes. Wage garnishment can harmfully affect credit, ... Views: 776
Paying the IRS is one of the least exciting activities of the year, and almost everyone looks for ways to spend as little as possible when April 15th comes around. There is something about finding that one special hard-to-find deduction that just makes us feel good about ourselves.
If you, ... Views: 368
Tax Masters knows customers have a choice among tax relief companies. One of the main differences between them and many of their tax relief competitors is that Tax Masters knows how to treat people well, even while they face incredibly difficult decisions brought on by failing to comply with tax ... Views: 456
January typically marks the beginning of the IRS tax filing season. But after Congress took so long to agree on a tax bill in late 2010, the IRS is running a few weeks behind on being able to accept millions of tax returns. Taxpayers who itemize deductions and file their taxes electronically ... Views: 444
Tax Masters recently completed an office gift drive for BEARing Gifts, the Christmas gift-giving project run by BE A Resource for CPS Kids (BEAResource) in Houston, Texas. All told, employees purchased and donated gifts for 75 abused and neglected children, most of whom will receive at least two ... Views: 444