The Tax Relief Company

Happy Labor Day Weekend from Aylin, the Tax Husky and The Tax Relief Company

New picture from the grandkids swim lessons for Grandparents' day

I'm dragging this hot and humid Monday morning...how about you?

Hey everyone!

I'm thrilled to share some exciting news with all my dear friends, family, clients, colleagues, and other associates!

After many fulfilling years at SFS Tax & Accounting Services, I'm stepping into a new phase of my journey with SFS Tax & Accounting Services. Here's what's happening:

Semi-Retirement: Effective May 1st, I'm officially taking a step back from full-time work and transitioning into semi-retirement. Our daughter, Marissa Meldon, will be taking over the day-to-day operations as COO.

My New Role: While I'll be taking it a bit easier, I'll still be around 1-2 days a week, generally on Mondays and Wednesdays. But fear not, I'll still be representing taxpayers dealing with IRS or state agency issues...The Tax Relief Company www.thetaxreliefco.com.

Supporting the Team: In my new role as consultant, I'll be helping Marissa, Autumn Denning, EA, and Misty, our outstanding new receptionist, with some tax and accounting tasks. I'll still be preparing and reviewing returns, but not full-time. This change allows me to focus on providing you with the best service in a more flexible capacity.

Stay Connected: I'll be keeping an eye on my email, especially on my in-office days. However, I may not be as responsive on other days.

Home The Tax Relief Company Stuart is ready to handle everything for you. Leave your tax worries behind. Return to the things that matter most.

In the land of green fields and the grand, vivid arc,
There's a pot of gold waiting as the old stories embark.
But for those owing tax, it's a bitter pill to swallow,
For the gold at the rainbow's end, to the IRS, we must allot.
Yet worry not, with us, a path to relief you can surely hark.

So, if dues are daunting, don't let your hope fade or wane,
Tax burdens might be immense, causing such strain.
But hold your worries, let go of that fearful shudder,
Enrolled Agent and TTRC Jeffrey Schneider is here to buffer.
He'll negotiate with the IRS, assuring your peace isn't in vain.
With a deal you can live with, your peace of mind, you'll regain.

IRS Gears Up: Notice Issuing Resumes! 📢

I'd like to share an update on the IRS collection letters with those of you dealing with tax problems.

They've announced they're beginning to send out reminder collection notices and letters again, which they had stopped during the pandemic.
📪 So, keep an eye on your mailbox because you might receive one if:

🔥You've got some tax debt hanging around from before the 2022 tax year, or if your business, nonprofit, trust, or estate owes taxes from before 2023💰.

The good news is the IRS wants to make this transition as smooth as possible for everyone.

They're going to send out a special letter called "LT38, Reminder, Notice Resumption" to give you a heads-up about any tax liability you might have. This letter will also tell you how you can get in touch with the IRS to chat about your tax bill and how to sort it out.

Moved recently? Don't sweat it! update your address with the IRS complete form 8822.

It's super important not to ignore these notices if you have a tax problem. Getting one means it's a good time to reach out to your Enrolled Agent, Jeffrey Schneider, EA, CTRS, ACT-E for help. Let's keep those tax woes at bay together. 😊

Tired of IRS troubles, unsettling mailbox notices, and restless nights? We've got your back! Join our quick and free webinar – designed just for you.

Secure your spot now: www.tiny.one/IRSmasterclass 📅 August 31st ⏰ 6:30 PM EST.

I read a newsletter today that began with a funny YouTube video perfectly capturing the essence of wanting to be a tax accountant when you grow up. It's titled "When I Grow Up… I Want to be a Tax Accountant!" and I couldn't help but share it with all of you. 📽️

In this heartwarming video that Jeff totally identified with, you'll see young children who dream of becoming tax accountants. The video shows their comical passion for numbers, problem-solving, and other tasks inherent to the profession.👧👦🏼

So, if you need comic relief this evening, I highly recommend watching this short, uplifting video. You must have the sound on and watch it to the end. 😂🤣
Here's the link: https://www.youtube.com/watch?v=4v_alwa4V_Y

A surprise notice from the IRS can quickly upset your plans, both in business and personally. Here are notices the IRS must send you before levying.😲

Normally the IRS sends you five letters (five for individuals and four for businesses) before actually seizing your assets. 😯
These notices are about five weeks apart, which gives you several months to prepare for the final notice. And, the day will come when you need to take action to prevent drastic consequences from IRS collection activity.

Here are the collection letters the IRS mails to individuals:
CP14 (Notice of unpaid taxes)
CP501 (Reminder of unpaid taxes)
CP503 (Second reminder of unpaid taxes)
CP504 (Notice of Intent to Levy) may seize astate tax refund by the stated deadline.
Letter 1058 or LT 11 and other letters (Final Notice. Notice of Intent to Levy, and Notice of Rights to Appeal).
The first three notices are sent by regular mail, and the final two by certified mail.📫

If you or someone you know is facing a tax problem, don't panic! Instead, check out our free video on "What you should do and not do when you receive a tax collection notice from the I.R.S." at https://www.youtube.com/watch?v=lLTvPEheQ0k&t=10s. Get some valuable information that will offer insight into the I.R.S., And if you find it helpful, please share it with others who might need it. Remember, we're all in this tax mess together

Hug Day: Embrace Gratitude! 🌟🤗

On this Hug Day, let's remember the power of a heartfelt embrace and the magic of showing gratitude! 🙏💕

In a world that often rushes by, taking a moment to appreciate the people who bring joy, support, and kindness to our lives is invaluable. So, today, let's shower our loved ones, friends, and even strangers with virtual hugs and expressions of gratitude. 🌈❤️

Gratitude not only lifts our spirits but also cultivates a positive ripple effect. It brightens someone's day, strengthens connections, and reminds us of the beauty in our lives. Let's embrace gratitude and spread its warmth, one hug at a time! 🌟🤗

Tag someone who has made a positive impact in your life and share why you're grateful for them.

Happy Hug Day! Sending you all a big virtual hug filled with love and appreciation! 🥰💫

🌍✈️ Resolve Your Tax Debt or Risk Losing Your Passport! ✈️🌍

Attention all travel enthusiasts! If you have unresolved tax debt, your passport could be in jeopardy!

Don't let delinquent taxes ground your wanderlust. Reach out to Jeffrey Schneider, EA, CTRS, ACT-E, our trusted tax expert, who will guide you through the process of resolving your tax debt and keeping your passport secure. With Jeffrey's expertise, you can continue exploring the world worry-free.

"If you have a business or personal issue with the IRS, I'd strongly recommend Jeff Schneider and his team at The Tax Relief Company." -Jack Harrel, Stuart, Florida

Contact him today at https://thetaxreliefco.com/contact/ or call 772-223-7500. Don't miss out on your next adventure!

Feeling overwhelmed by your tax situation? Struggling to find a way out? Well, worry no more because help is just around the corner! 🌟💰

Why choose a Tax Resolution Specialist?

1️⃣ Expertise: These professionals are well-versed in tax laws and regulations.
2️⃣ Tailored Solutions: A Tax Resolution Specialist, like Jeffrey Schneider, EA, CTRS, ACT-E, will assess your unique situation and create a personalized blueprint to resolve your specific tax problems.
3️⃣ Negotiation Skills: These specialists are skilled negotiators who can communicate with the IRS or state tax authorities on your behalf, advocating for the most favorable outcome for you.
4️⃣ Peace of Mind: You can finally sigh relief by hiring a Tax Resolution Specialist to handle the intricate details and paperwork.

🔍 How to find the right Tax Resolution Specialist?

1️⃣ Research: Look for professionals with experience in tax resolution.
2️⃣ Consultations: Schedule a consultation with Jeffrey to discuss your situation and determine if you are the right fit for each other.
3️⃣ Clear Communication: Choose a specialist who communicates effectively and can explain complex tax matters in simple terms.
4️⃣ Trust and Comfort: Building a rapport with your Tax Resolution Specialist is vital.

Don't let tax issues weigh you down any longer. Take action and seek the assistance of a skilled Tax Resolution Specialist and discover the relief you deserve!

🔥 Don't Give Up on Your Tax Problems! Embrace Determination and Achieve the Impossible with Jeffrey Schneider, EA, CTRS, ACT-E! 💪

💼 Owe the IRS over $10,000? It may feel overwhelming, but remember the wise words of Tommy Lasorda, "The difference between the impossible and the possible lies in a person's determination." Jeffrey is here to secure the best settlement possible!

✅ With his expertise as a Certified Tax Resolution Specialist ( ) and Enrolled Agent ( ), you can trust that your tax challenges will be handled with care. He understands the complexities of tax laws and regulations and will fight relentlessly to protect your best interests.

👋🏻 Let Jeffrey Handle the IRS Negotiations - Say Goodbye to Dealing with the IRS Directly! Jeffrey's expertise allows you to step back and let him take the reins when it comes to negotiating with the IRS. No more stressful conversations or confusing paperwork.

🛡️ Remember, the IRS is not your friend. But with Jeffrey Schneider on your side, you have a dedicated ally who will negotiate with the IRS, minimizing penalties and securing the best settlement for you.

🌟 Don't let tax debt hold you back. Take control of your tax situation and regain peace of mind. Contact Jeffrey Schneider, EA, CTRS, ACT-E today to conquer your tax challenges and achieve the tax relief you deserve.

Remember the wise words of Babe Ruth: 'It's hard to beat a person who never gives up.' This sentiment rings true in the realm of tax resolution, especially when you have a relentless fighter like Jeffrey Schneider, EA, CTRS, ACT-E, in your corner.

When you owe the IRS over $10,000, it can feel like an uphill battle. But Jeffrey embodies the spirit of perseverance, never backing down from a challenge. With his unwavering determination and expertise, he'll go the extra mile to ensure you get the best settlement possible. 💰 👍

Just as Babe Ruth's determination made him a legend in baseball, Jeffrey Schneider's tenacity has made him a formidable force in tax resolution. He understands that giving up is not an option when it comes to protecting your tax well-being.
So, let Jeffrey embody the spirit of Babe Ruth as he fights tirelessly on your behalf. He’ll face the IRS head-on, armed with knowledge, experience, and an unyielding resolve. Trust in Jeffrey Schneider to champion your tax problem and help you achieve victory in your tax battle. 💪

Remember, when it feels like the odds are stacked against you, it's the fighters who never give up that come out on top. Contact Jeffrey Schneider today at https://thetaxreliefco.com/contact/ and let him show you what it means to conquer your tax challenges." 🤺. "He has a wealth of experience and understands both the letter of the law and the practicalities of dealing with the IRS."

Hey there! If you or someone you know is involved in cryptocurrency, it's important to be aware of the tax implications.

Failure to report cryptocurrency transactions properly on your tax return can lead to interest, penalties, or even legal issues if the IRS audits you. You need to report your total capital gains or losses on your Form 1040, line 7. This process can be confusing, which is why it's advisable to consult with a tax resolution expert who specializes in cryptocurrency taxation.

That's where I come in! As an Advanced Crypto Tax Expert (ACT-E), I can help you navigate through the complexities of crypto taxation. I strongly recommend scheduling a meeting with me, Jeffrey Schneider, EA, CTRS, ACT-E, https://thetaxreliefco.com/media/, to explore any potential income tax return reporting or foreign bank account filings that may be required and you haven't complied with.

Being proactive can save you from potentially huge penalties and fines down the line. Don't wait until you receive a notice from the IRS. Contact me today at https://thetaxreliefco.com/contact/. let's discuss💻how we can ensure you're fully compliant with the tax regulations associated with crypto.😄

Today's tax question: Can I still claim tax refunds for past years that I did not file?

If you did not file a tax return for a particular year, you may still be eligible for a refund for up to three years from the original due date of the tax return. 👏🏻 For example, if you haven't filed your tax return for 2019, you only had until April 18, 2023, to file your return and claim any refunds to which you may be entitled. However, if you filed an extension, you still have some time.

It's important to note that if you owe taxes for the year in question, you may be subject to penalties, interest for late payment, and a late filing fee. 🤔 Additionally, if you have not filed a tax return for multiple years, taking action as soon as possible is crucial to avoid further penalties and potential legal consequences.

To navigate the process of filing back taxes or resolving tax issues, it is highly recommended to seek the assistance of an experienced Enrolled Agent (EA) and a Tax Resolution Specialist like Jeffrey Schneider, EA, CTRS, ACT-E, who possesses the knowledge and expertise necessary to help you get back on track with your tax obligations and potentially reduce any penalties or interest you may owe.

He emphasizes that the IRS only requires six years of back returns, even if you have not filed for twenty years.

Remember, it is better to file late than never, particularly if you have refunds due to you.😯

It's National Bucket List Day! Does your bucket list look anything like this one?

If you're facing a tax problem, we know it can be stressful and confusing; 😩 here are a few steps you can take to resolve the matter:
● Gather all relevant documents and information related to the problem, such as tax returns, notices from the IRS or state tax agency, relevant receipts, invoices, etc.
● Taxpayers typically have various settlement options available. Here are a few: an installment agreement, an offer in compromise, penalty abatement, and innocent spouse relief.
● Consider 🤔 seeking assistance from a certified tax resolution specialist and enrolled agent, like Jeffrey Schneider, EA, CTRS, who can provide expert guidance and representation in dealing with your tax problem. As an experienced tax resolution professional, he can navigate complicated tax laws 🙄 and negotiate with the tax agency on your behalf.

Remember, dealing with tax problems can be complex and time-consuming. Therefore, don't hesitate to seek professional assistance and commit to resolving the issue.

Hey there, it's Jerry Seinfeld reminding you that today is Tax Day 2023! So, if you owe money, file your taxes and pay up ASAP. Remember, an extension gives you more time to file but not more time to pay.

To calculate your taxes due, estimate what you owe and subtract any payments you've already made. These payments include withholdings from your paychecks and estimated payments made throughout the year.

Alright, folks, don't procrastinate and get those taxes filed. Let's get it done!

Are you worried about whether the IRS is investigating you? 🧐 Here are some things to look out for:

You receive a letter or notice from the IRS about an audit or examination of your tax return. This is usually the first sign that the IRS is looking into your tax situation.

✓ You notice unusual activity on your bank or credit card statements that you can't explain.
✓ You are contacted by an IRS agent who wants to discuss your tax situation. The IRS will never call or email you to demand immediate payment or threaten legal action without sending a written notice.
✓ You are notified by your employer or financial institution that they have received a levy or garnishment order from the IRS. 🆘
✓ You are contacted by someone claiming to be an IRS agent who asks for personal or financial information, such as your social security number or bank account details. The IRS will never ask for this information over the phone or email.

If you experience these signs, it's essential to take them seriously and seek professional advice from a Certified Tax Resolution Specialist and Enrolled Agent like me, Jeffrey Schneider, EA, CTRS.

Remember, the best way to avoid an IRS investigation is to file your taxes accurately and on time and to keep good records of all your income and expenses.

I hope this information is helpful! If you have any questions 🤨 or concerns, please don't hesitate to reach out.

Attention taxpayers: if you're struggling with tax issues and need help, I wanted to share a recommendation with you. The Tax Relief Company, headed by Jeffrey Schneider, EA, CTRS, is a reputable firm with years of experience providing tax relief services. Schneider is an experienced tax professional dedicated to helping taxpayers resolve their tax problems and not suffer IRS bullying. 🤩

What sets The Tax Relief Company apart is its commitment to transparency. 🤔We disclose our fees upfront and are clear about what services we will provide before you retain us. This means you can make an informed decision about whether or not to use our services.]

If you're interested in learning more about The Tax Relief Company and how they can help you, I encourage you to visit their website, www.thetaxreliefco.com, or call us. 🕵🏻

Don't let tax issues cause undue stress - reach out to The Tax Relief Company today!

To learn more about The Tax Relief Company and how they can help you, I encourage you to visit their website, efThe Tax Relief Company, headed by Jeffrey Schneider, EA, CTRS, is a reputable firm with years of experience providing tax relief services.

Schneider is an experienced tax professional dedicated to helping taxpayers resolve their tax problems and not suffer IRS bullying. 🤩

March 1 is the First Day of Spring! 🌷 And what does that mean? While you have already handed over your tax documents to the SFS Tax & Accounting team and know that you don't have to file an extension this year, many haven't yet. 🤷

Let the Enrolled Agents at SFS Tax & Accounting Services, https://sfstaxacct.com/, prepare your return correctly the first time. Book now by 💻 clicking on https://go.oncehub.com/SFSTax while there is still time.

"All clients have independent needs, and getting the right advice can save you money and a lot of headaches."

The Tax Relief Company updated their phone number.

Now it's easier to call The Tax Relief Company.

Are you a tax procrastinator? 🤓 Or do you know someone that is?

Then, check out our recent 💻 The Tax Relief Company 👩🏻‍ blog.
https://thetaxreliefco.com/tips-for-the-tax-procrastinator/

Need help? Contact us today! https://thetaxreliefco.com/contact/

The Tax Relief Company updated their info in the about section.

Filing a tax return is generally mandatory. 😏 Regardless of the reason, not filing is risky business to the IRS.

But there's a way to get back in the agency’s good standing.

Assemble all your tax information, including your last filed return, and get the back returns filed.

An Enrolled Agent (EA) or Certified Tax Resolution Specialist (CTRS) will investigate which returns you need to file and determine your best course of action.

Jeffrey Schneider, EA, CTRS, ACT-E can help! Contact us today.

The Infrastructure Act of 2021 changed the Form 1099-K reporting, effective for transactions taking place after December 31, 2021. Form 1099-K is required to be issued if the total transactions taking place during the year reach $600 or more. This is a change from the prior requirement of $20,000 and 200 transactions.

However, in late December 2022, IRS decided to postpone this requirement one year. Therefore, for the calendar year 2022 transactions, the affected companies can continue to use the “$600 or more” test for issuing Forms 1099-K instead of using the “$20,000 or more AND 200 or more transactions” test for issuing Forms 1099-K. The “$600 or more” provision will apply starting with the calendar year 2023 transactions.

Even though IRS postponed the effective date of the “600 or more” provision, many affected companies may still use the "$600 💰 or more” provision for issuing Forms 1099-K for 2022. This means there will likely be many more Forms 1099-K issued in January 2023 compared to January 2022. ☹️