Approximately 1.5 million taxpayers will have until Monday, July 17th to complete their filings in order to access the unclaimed refunds of 2019. The amount of unclaimed funds goes up to 1.5 billion dollars, which the agency estimates to be an average of $893 per taxpayer. Moreover, some low-income taxpayers might be eligible for as… Read More
With the summer recess getting closer and the end of the repayment pause already announced, many borrowers anxiously wait for the decision of the Supreme Court over the Student Loan Forgiveness plan proposed by Biden’s administration. The conclusion seems to be delayed by the controversy of whether or not Biden has the power to execute… Read More
Given the unexpected flood of applications and amendments received by the IRS to claim the Employee Retention Credit, the government agency mentions the possibility of imposing a penalty on those businesses that wrongly claimed this benefit. The outbreak of fraudulent “specialists” that wrongfully promoted the ERC, has led to many small businesses being tricked into… Read More
The student loan pause, which was first established in response to the pandemic, will conclude at the end of this summer. Even though Biden’s administration is still fighting in the Supreme Court over his student loan forgiveness plan, the recently signed legislation to raise the debt limit also codifies the end of the student loan… Read More
As a part of a report to Congress, the IRS announced the launching of a new pilot program of an Online Tax-Filing Service. This project responds to the problem of the significant amount of time that most American spent on tax filing. Thanks to the expected injection of capital from the Inflation Reduction Act (IRA),… Read More
Working with a proactive tax resolution firm can help you resolve your tax problems and make sure that you are getting the most out of your financial situation. A proactive tax resolution firm will help you take control of your finances, minimize penalties and interest, and provide long-term strategies to ensure that future taxes are… Read More
Tax debt can be a difficult and overwhelming burden. Many individuals are under the impression that they must spend a fortune in order to obtain professional tax resolution services. This is not necessarily true. Bratini & Associate provides quality services at an affordable price, allowing individuals to get the help they need without breaking their… Read More
If you are able to negotiate with the IRS, it is important to be prepared. Before engaging in negotiations, understand the financial position of yourself and the IRS. Make sure that any negotiation requests are realistic and have a legitimate reason for them. Additionally, make sure to provide all supporting documentation in order to back… Read More
It’s important to be aware of the most common tax problems and how to address them. Filing taxes late or failing to file altogether can lead to hefty penalties and interest, so is essential that taxpayers take proactive action in resolving any as soon as possible. Introduction to Tax Problems Unfiled or Late Returns: This… Read More