If You Owe Back Taxes, Stop Panicking & Start Planning
If You Owe Back Taxes, Stop Panicking & Start Planning Ramon Ortega If you owe back taxes to the Internal Revenue Service (IRS), some amount of panic is understandable. After all, the IRS has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most […]
If You Owe Back Taxes, Follow These Steps to Protect Yourself and Your Finances
If You Owe Back Taxes, Follow These Steps to Protect Yourself and Your Finances Ramon Ortega Few things are as frightening as opening the mailbox and finding a notice from the IRS, especially when you know you have a tax liability. The much-feared tax agency does not contact taxpayers just to say hello and receiving […]
Tax Relief and COVID-19
Tax Relief and COVID-19 Ramon Ortega Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, millions of Americans found themselves out of […]
Tax Day Is Now July 15, Here Is What You Need To Know
Tax Day Is Now July 15, Here Is What You Need To Know Ramon Ortega COVID-19 turned the world upside down. With most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe, it was just a matter of time before the IRS postponed tax day. On […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act & State of Florida Assistance (as of June 17, 2020)
The Coronavirus Aid, Relief, and Economic Security (CARES) Act & State of Florida Assistance (as of June 17, 2020) Ramon Ortega In response to the Coronavirus (COVID-19) pandemic, the U.S. Government through the Small Business Administration (SBA), the Internal Revenue Service (IRS) and the State of Florida through the Department of Economic Opportunity (DEO) have […]
Part 2: Tax Relief and COVID-19
Part 2: Tax Relief and COVID-19 Ramon Ortega COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces with the prolonged shut […]
IRS Collections Is Starting Back Up. What To Do If You Owe Back Taxes?
IRS Collections Is Starting Back Up. What To Do If You Owe Back Taxes? Ramon Ortega 2020 threw a huge wrench into everything and the IRS collections proceedings are no exception. With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to […]
Bankruptcy FAQ for Individuals
Bankruptcy FAQ for Individuals Ramon Ortega Filing for bankruptcy is a difficult and draining process. People often feel ashamed, scared, or confused. If you find yourself with no other options, bankruptcy can be a good way to clear out old debts, change financial patterns, and most importantly get a fresh start. Here is everything you […]
IRS Common Tax Relief Programs
IRS Common Tax Relief Programs Ramon Ortega The old saying that “nothing is certain in life except death and taxes” has never been truer, or more frightening. In the current environment, fear of the IRS is creeping in, and nothing will get your heart racing quite as fast as opening the mailbox and finding a […]
What is a Levy?
What is a Levy? Ramon Ortega Falling behind on your taxes is never a fun place to be. It’s less fun when, because of that, a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about it. […]