Nationwide Tax Consulting

The extension gets taxpayers some time from the IRS to pay their tax debts. It is normal when an individual cannot pay the owed tax debt, and they need some time to pay, and that is a time when IRS gives an extension of a few months to settle their debts. Rules may vary in states, so what we advise is to consult a company that provides nationwide tax consulting, will be able to give you appropriate advice. Before an extension, tax filing is the initial step an individual should go for. If you cannot pay your taxes, don't get panic and if you are thinking to run from IRS, that will be the worst decision you will ever make. No one can run from the IRS as they can go beyond limits to get what you owe. So, at first, don't even think about it. The first step, file your taxes to know the amount you owe to IRS and then go further. If you have purchased home, paid your education loan, paying your medical bills, or have made donations. Attach those receipts, and your investment is not

Are you stuck on choosing a tax preparer? Well, One Size Fits All is not going to work here, and you need to be picky while choosing a preparer. The good one can save you a lot of money, and the bad one could cost you a lot of money. During tax season, quality and time are two essential aspects. First of all, you can go for online filing of taxes if you understand tax codes and willing to fill the forms. Keep in mind that mistakes in filing could cost you extra money by delaying your filing and can even affect your refund. So if you are not familiar with the process, then a tax preparer would be the right choice for you. When you are in a hurry for choosing a professional, you could be looking for past crucial warning signs when choosing your tax preparer. Here are some red flags for tax preparers: Preparers who promise larger refunds without a consultation. Preparers who plan on depositing your refund into their bank account or taking a portion of it. Your preparer does not

Trying to escape from paying income tax? Well, It’s not going to work because IRS will do everything to get back taxes and they will get at any cost. Not filing taxes on time could cost you a lot as IRS will charge 5% of the owed taxes if they are not filed on the given date? If you can’t pay them, file the taxes because for failure to pay IRS only charge 0.5% of the owed tax amount. If you are thinking not to pay taxes, I must say it is the worst thought you will ever have because there is no way to run IRS. If you have genuine reasons that define your financial situation doesn’t allow you to pay taxes, file with the help of a professional company such as Nationwide Tax Consulting and tell your financial condition to IRS. There are ways to negotiate like: Offer in Compromise Extension Installment Agreement IRS can reduce your taxes to a lower amount that you can pay, or they can give you more time to settle your debts. Or depending on your eligibility they

Receiving calls and emails claiming tax debts are ordinary in tax days, or they hit hard every year than the past one, and many individuals even lose money to those fraudulent. Only a few individuals know, IRS never calls or email regarding the tax debts. Individuals who are not aware of IRS tax rules easily fall into traps and most probably lose their money. How to figure out tax scams? -  If you are receiving a call or have an email, consider it is a scam and don't take any steps. Try to get information from caller like name, no. to call him back or any address if you can. -  If a caller threatens you for not paying tax, just don't afraid, IRS never threaten you for not paying tax right away, they understand your problem and can negotiate with a solution. -  Asks for Credit Card Payment: IRS doesn't ask for credit card payment on call, if you are being asked to do, don't take a step, calm and report to IRS. The best solution, use an expert and tell him your situati