Tax Resolution Services of Hawaii

📢 Attention Hawaii Taxpayers! Feeling overwhelmed by IRS debt? There's a light at the end of the tunnel. 🌈 Our latest blog post explores the Offer in Compromise (OIC) process, offering a lifeline to those struggling with tax liabilities.

With Tax Resolution Services of Hawaii by your side, navigating the complexities of tax resolution becomes a journey you don't have to face alone. We're here to guide you through every step, ensuring you understand your options and work towards the best possible outcome. 🌟

Discover how we can help illuminate the path to financial freedom. Read our guide, demystify the OIC process, and take the first step towards resolving your tax issues today. 🌴

https://taxreshawaii.com/navigating-oic-tax-resolution-hawaii/

Our team at Tax Resolution Services of Hawaii had the wonderful opportunity to share our journey and insights on .kitv on KITV4. It was an incredible experience discussing how we've been assisting individuals and businesses navigate the complexities of tax resolution, making a positive impact in our community! 🤝🌺

This moment was more than just an interview; it was a chance to highlight the dedication and hard work our team puts into every case, ensuring peace of mind for our clients. We are here to guide you through any tax challenges with expertise, empathy, and aloha.

Huge mahalo to the amazing hosts and crew for having us!

Stay tuned, and remember, for any tax troubles, big or small, we're here to help you resolve them all. 🌊

Are you a small business owner in Hawaii grappling with tax debts? You're not alone! We've just published a must-read blog: "Tax Relief Options for Small Business Owners with Unpaid Taxes." 🌺

💡 Discover common reasons for tax debts, learn about available relief options, and understand the importance of choosing the right tax resolution service.

🔍 From installment agreements to avoiding common scams, our latest post guides you through navigating these challenges with ease.

📞 Owe the IRS over $10,000? Don't stress, we're here to help. Dive into our blog and then reach out to us for a free consultation. Let’s tackle those tax troubles together!

👉 Check it out now at https://taxreshawaii.com/tax-relief-for-business-owners-unpaid-taxes/

File this new federal report or pay the fine. Read on.

SMALL BUSINESS ALERT: New Federal Reporting Required - Especially important for new business startups The Corporate Transparency Act creates a new beneficial ownership reporting requirement to help expose shady companies. And most businesses must comply. Here is what you need to know.

The IRS increased the standard business mileage rates for 2024. Here are the details.

2024 Mileage Rates are Here! - New mileage rates announced by the IRS Here are the standard mileage rates for 2024

🌴🎊 Aloha 2024! Set your tax goals early and step confidently into the new year with our Hawaii-based expert tax resolution services!

Whether you're facing IRS challenges or seeking help to manage tax debts, our team of experienced professionals is ready to provide you with top-notch assistance.

📅 As the calendar turns to January, it's the perfect time to get a head start (or catch back up) on your taxes. Don't let IRS issues cast a shadow over your paradise; our skilled team is well-versed in navigating these complex waters.

🌊 Embrace the Hawaiian spirit of resilience and let us be your lifeline in tax resolution. Our approach is tailored to your unique needs, ensuring that you receive personalized and effective solutions.

🔍 From detailed tax planning to resolving intricate IRS matters, we're committed to lifting the weight off your shoulders. Our goal is to turn tax time into a stress-free experience, allowing you to focus on what truly matters in the beautiful Aloha state.

💼 Ready to dive into 2024 with confidence? Contact us today!

🌟 Exciting News from Tax Res Hawaii! 🌟

Aloha everyone! We've just published a must-read blog post on the latest IRS announcement regarding penalty relief. 📣 The IRS is offering a whopping $1 billion in penalty relief to nearly 5 million taxpayers affected by the COVID-19 pandemic. 💰 This is a significant move that could impact individuals, businesses, trusts, estates, and tax-exempt organizations.

🔍 Want to know if you're eligible? Curious about how this could affect your tax situation? Our latest blog post has all the details. We dive deep into the IRS Notice 2024-7, explaining who benefits, what the relief includes, and what you need to know about the resumption of collection notices in 2024.

👉 Check out our blog here, https://taxreshawaii.com/tax-blog/, and make sure to reach out to us for any tax-related questions or assistance. At Tax Resolution Services of Hawaii, we're here to help you make sense of these changes and optimize your tax strategies.

📲 Share this post to spread the word! Let's help as many people as possible get the relief they need.

Reminder: Q4 estimated tax payment is due Tuesday, January 16, 2023.

Reminder: Fourth Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment Plan now to make your 4th quarter estimated tax payment.

Happy new year! Here are some tax ideas to get you started right.

Great Tax Tips to Start the New Year - yes, really some tax tips The holiday season is over and the new year is upon us. Why not consider starting the year with some tax smart ideas.

🌺 Navigating Tax Troubles in Hawaii? 🏝️

Dealing with the IRS can often feel daunting and frustrating, especially when you're trying to tackle substantial tax debt on your own.

Don't let IRS issues dampen your Aloha spirit! Our latest blog at tacreshawaii.com shows how we guide you through the maze of tax challenges with local expertise and a touch of island charm. 🌊📝. Your peace of mind is just a call away!

🎄 Holiday Peace of Mind! 🌟 Our ohana here at Tax Resolution Services of Hawaii is here to gift you the best IRS representation this festive season.

Don't let tax issues dampen your aloha spirit; we're committed to resolving them efficiently and effectively.

Let's untangle any tax snags together, so you can enjoy a worry-free celebration with your ohana! 🎅📚

Having a new baby or know someone who is? Here are some tax saving tips everyone should know

Babies and Children. Tax Tips Everyone Should Know - Especially parents, grandparents and relatives Babies and kids bring plenty of upheaval to the lives of parents. Thankfully they also bring some breaks parents can use to reduce their tax burden, and friends and family can help! Here are some tips everyone should know.

Embrace the Holiday Spirit Stress-Free!🎄

The festive season is here, and it's time for joy and celebration. Let our ohana here at Tax Resolution Services of Hawaii take the burden of tax resolution off your shoulders.

Our services ensure peace of mind, so you can fully enjoy the holidays without tax worries.

We're here to support you with expert , , and . 🎅🤶

Did you know, if you receive a "Notice of Deficiency" from the IRS, you generally have 90 days to file a petition with the U.S. Tax Court.

Don't let this critical window close without taking action!

Call or message us today if you have any questions.

Need to know what information the IRS has on you? Transcripts, tax return copies and other documents are available from the IRS. Here is how to get them.

Know What the IRS Knows About You - Here is how you can find out... It is now easier than ever to get access to your IRS records and see what vendors and employers have submitted to the IRS. Here is what you need to know.

🚨 Attention Business Owners! 🚨

Did you know that unresolved tax issues can lead to serious consequences with the IRS, including liens on your business assets? Let our team at Tax Resolution Services of Hawaii be your shield! 🛡🛡

As the year draws to a close, it's crucial to address any outstanding tax concerns to safeguard your hard-earned assets. Our expert team is dedicated to resolving your tax issues efficiently and effectively, ensuring your business stays secure and compliant.

🔹 What We Offer:

Comprehensive analysis of your tax situation
Tailored solutions for IRS debt and unpaid taxes
Assistance with filing back tax returns
Expert negotiation for payment plans and settlements

Don't let tax issues loom over your business as we enter the new year. Take proactive steps today! 🌟

👉 Contact us today for a FREE consultation and get peace of mind knowing your business is in safe hands.

Now is the time to plan next year's retirement contributions. Here's what you need to know.

Plan Your 2024 Retirement Contributions 2023 contribution limits are set for retirement plans. Now is a good time to plan for your upcoming retirement contributions.

Aloha, folks! As the year draws to a close, it's the perfect time for a financial health check-up! 🌟

📊 Year-End Review: Don't let your financial records collect dust. Dive in now! This isn't just about tidying up; it's about setting the stage for a prosperous new year. Are your expenses and incomes all accounted for? Are there any tax deductions or credits you might have missed? A thorough review now can save you headaches (and money!) later.

🏝️ Local Insights: Hawaii's tax structure has its nuances, from General Excise Tax to Transient Accommodation Tax. Are you leveraging every local tax benefit available to you? Whether you're a small business owner, a freelancer, or an individual taxpayer, there are Hawaii-specific opportunities to explore.

💡 Energy Credits & More: Did you maximize the benefits of Hawaii's Renewable Energy Technologies Tax Credit? It's not just good for the 'aina; it's beneficial for your taxes too.

🔍 We're Here to Help: Navigating the complex world of taxes can be daunting, but you don't have to do it alone. Our team specializes in making the process seamless and stress-free. From ensuring compliance to optimizing your returns, we've got your back.

🌐 Stay Informed: Follow us for more tips and insights. We're constantly updating our resources to keep you informed and ahead of the curve.

🔗 Get in Touch: Ready for a hassle-free tax season? DM us or visit our site to schedule a consultation. Let's make sure you step into the new year confident and tax-ready!

Another late law change impacts what the IRS will see regarding small business activity for individuals that often don't think they are in business. Here is what you need to know.

Late Breaking News: New 1099-K Requirements Delayed - You will be surprised how many are impacted If you sell concert or sporting event tickets, sell items on Amazon or eBay, or accept payments using digital tools like Venmo...READ THIS!

December is here 🎄, and it's the last month to resolve any tax issues before the new year!

Our team of experts is here to provide IRS representation that is both effective and tailored to your specific needs.

Don't let unresolved tax issues dampen your holiday spirit. 🎅🎅

💡Did you know that penalties for not filing a tax return are generally costlier than penalties for not paying taxes owed??

Avoid both with our comprehensive tax resolution services. IRS and money problems never resolve themselves; they require a proactive approach and a solid plan. 🤝

No matter how daunting your financial situation may seem, we can help you!

🏡 Did you know about the IRS Section 280A, a.k.a. The Augusta Rule?

It lets homeowners rent out their place for up to 14 days a year TAX-FREE! 📅

Originally for Augusta, GA residents during the Masters golf tournament, it's now a nationwide perk. Ideal for small business owners, this rule allows you to claim rental income as a business expense, saving big on taxes! 🎉

Time to rethink your next business meeting location? 😉💼

The window to lower your taxes is quickly closing. Here are tips to know when you need a review.

Tax Planning Triggers - When to know to conduct a tax review There is still time left in the year to impact your tax obligation, but only if you act soon. Here are some key triggers that mean a planning session might be in order.

🌴 New Blog Alert for Hawaiian Businesses! 🌴

📣 Exciting news! We've just published a comprehensive guide on our website about the 2024 Beneficial Ownership Information (BOI) Reporting Requirements.

🔍 Get all the details you need to stay ahead of these important changes affecting Hawaiian businesses.

👉 Check it out here: https://taxreshawaii.com/tax-blog/

🌟 Navigating the Tax Waters for Beauty Salons vs. Restaurants 🌟

Did you know beauty salons face a unique tax challenge compared to restaurants? While restaurants receive a tax credit for reporting employee tips (thanks to the 45B credit), beauty salons are left without this benefit, despite a significant portion of their income coming from tips.

The beauty industry, largely female-owned and serving a diverse clientele, seeks equal treatment in the tax realm. As tax professionals, we're here to help salon owners navigate these complexities and advocate for fair tax practices.

🤔 Do you think beauty salons should receive the same tax benefits as restaurants? Share your thoughts and let's discuss how we can support our local beauty businesses!

Sales to related parties, like children, grandchildren and siblings can cause tax trouble if you aren't careful. Before you act, call to discuss the specifics of your transaction.

Selling Property to Family Creates Tax Complications Selling property to family is a common practice, but these transactions can have some unfavorable consequences if not planned for in advance. Here are four common related party situations and tips to help you avoid tax trouble.

🌟 Financial Tip of the Day! 🌟

🚀 Are you making the most of your 401(k) or employer-sponsored retirement plan? Investing more in these plans not only secures your future but also offers an immediate tax advantage.

👉 Why? Your contributions are often made with pre-tax dollars, which means you can lower your total taxable income now while building your retirement nest egg.

‍👩‍💼Do you own a small business? This can also potentially reduce your taxable income. 💰

💡 Don't leave money on the table! Check your contribution levels today and adjust them to maximize your benefits and minimize your taxes.

As year-end approaches it's important to understand the transaction trends within your mutual funds. Taxable dividends and distributions from mutual funds can bring surprising additional taxes.

Surprise! The Mutual Fund Tax Trap Year end moves by mutual fund managers often cause tax obligations for their fund owners. These surprises come in the way of 1099 DIV and 1099 B tax forms. Here are some ideas to help manage the problem.