Delinquent Tax – The Burns Firm – Advisors of Complex Financial Matters

Delinquent Taxpayers May Experience Passport Issues

April 25th, 2024|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPA near me, CPADallas, Dallas CPA, Delinquent Tax, Tax, tax accountant, Tax Advisor, Tax Penalty, The Burns Firm|Tags: Delinquent Tax, Delinquent Taxpayer and Passport Issues, Passport Issues Due to Delinquent Tax, tax, tax advisor, Tax Issues, The Burns Firm|

Let's say a person is planning to take a plane trip out of the country. And further suppose that individual owes the federal government a fair amount of back taxes. [...]

Delinquent Taxpayers May Experience Passport Issues

August 29th, 2023|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, Dallas CPA, Delinquent Tax, Services, Tax, tax accountant near me, Tax Advisor, Tax Penalty, Tax Planning, The Burns Firm|Tags: Can I Get a Passport if I am Delinquent in Paying Federal Tax, cpa near me, Delinquent Tax, Delinquent tax and a passport, delinquent taxpayer, passport, tax advisor, The Burns Firm|

Let's say a person is planning to take a plane trip out of the country. And further suppose that individual owes the federal government a fair amount of back taxes. [...]

How Much Does the IRS Let Delinquent Taxpayers Live On?

December 15th, 2022|Categories: Accountant, Burns Firm, CPA, CPA Dallas, CPADallas, Dallas CPA, Delinquent Tax, IRS, Services, Tax, Tax Advisor, The Burns Firm|Tags: allowance for living, collection financial standards, delinquent taxpayer, how much does the IRS allow me to live on if I owe the IRS money, IRS, The Burns Firm|

The IRS uses "Collection Financial Standards" to help determine a taxpayer's ability to pay a delinquent tax liability. Allowable living expenses include those that meet the test of being necessary to provide for [...]

Tax News for Individuals

September 13th, 2022|Categories: 401K, Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA near me, CPA75248, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Estimated Tax, Estimated Tax Payments, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Deductions, Tax Preparation, tax preparer near me, Tax Return, tax season tips, Tax Withholding, The Burns Firm|Tags: 401K early withdraw, CARES Act. CPA Dallas, CPA 75248, CPA neaer me, CPA The Burns Firm, do I need to make estimated tax payments, early withdrawal penalty, estimated tax payments, individual tax, tax accountant near me, tax gap, tax items to be aware of for individuals, tax news for individuals, tax preparer near me, The Burns Firm, what is the tax gap, when do i need to make estimated tax payments|

If You Make Estimated Tax Payments, a Deadline Is Coming Up If you pay quarterly estimated taxes, circle this date on your calendar: September 15. That's the payment due [...]

Tax Season Filing Tips

May 24th, 2022|Categories: Accountant, Accounting, are social security benefits taxable, Burns Firm, Business, Corporation, CPA, CPA Dallas, CPA near me, Dallas CPA, Dallas tax return preparer, Delinquent Tax, Estimated Tax, Estimated Tax Payments, Exemptions, Expenses, Gift Tax, household employees and tax, Inheritance, Partnership, S Corporation, Services, Small Business, Tax, tax accountant, tax accountant near me, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, tax scams to be aware of, tax write-offs, The Burns Firm|

Did you know that tax return errors can delay refunds and increase audit risk? Before your tax return preparation appointment, make sure you've gathered all 2021 tax documents received, such [...]

Married Couples Filing Separate Tax Returns: Why Would They Do It?

March 3rd, 2022|Categories: Accountant, Accounting, Burns Firm, Child Tax Credit, CPA, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Donations, Services, Tax, Tax Credits, Tax Deductions, Tax Return, Tax Withholding, The Burns Firm, Withholding|Tags: CPA Dallas, Dallas CPA, filing form 1040, filing separate, how should I file my tax return, IRS issues and tax filing status, MFJ, should my husband and I file a joint tax return, tax preparer near me, tax return filing status, tax return preparation 75248|

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing [...]

Smooth Sailing: Tips to Speed Processing and Avoid Hassles This Tax Season

February 22nd, 2022|Categories: Accounting, Burns Firm, Child Tax Credit, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Dependent Care credits, Donations, Estimated Tax, Estimated Tax Payments, Expenses, Gift Tax, Healthcare & Retirement, Lifetime Learning Credit, Nanny Tax, Retirement, Scholarships, Services, Social Security, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, tax write-offs, Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA), TCJA, The Burns Firm|Tags: 1099, 2021 tax year tips, CPA Dallas, Dallas CPA, form 1040 tax preparer, North Texas accountant, North Texas accounting firm, North Texas CPA, North Texas CPA firm, tax preparer near me, tax return preparation, tax tips, tax tips to avoid hassles this tax season, Texas CPA, The Burns Firm, W2|

The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips to help speed processing and avoid [...]

11 Sources of Tax-Free Income

February 10th, 2022|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Delinquent Tax, Exemptions, Expenses, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: are EIPs tax-free, CPA Dallas, Dallas CPA, gifts and interitances tax, life are insurance proceeds tax-free, qualified section 529 withdrawals, tax, tax-free home sales gains, tax-free income, The Burns Firm, what income items are tax-free|

There are still ways to earn income that is free from federal income tax. With the various tax changes that have taken effect in recent years, tax-free income opportunities are perhaps [...]

How Much Does the IRS Let Delinquent Taxpayers Live On?

November 11th, 2021|Categories: Accounting, Burns Firm, Business, CPA Dallas, Dallas CPA, Dallas tax return preparer, Delinquent Tax, IRS, Services, Tax, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, Dallas CPA, delinquent taxpayer, help with IRS tax issues, how does the IRS determine how much I can pay on my back taxes each month, how much will the IRS allow me to live on if I am delinquent with paying my taxes, IRS tax issues, what are the basic amounts allowed by the IRS in calculating delinquent tax payment amounts, what are the IRS collections financial standards, what is the IRS allowable living standards|

The IRS uses "Collection Financial Standards" to help determine a taxpayer's ability to pay a delinquent tax liability. Allowable living expenses include those that meet the test of being necessary to provide for [...]