Michael D. Sullivan, a Former IRS Agent, leads a nationwide team of tax professionals at MD Sullivan LLC, based in Florida. Our team includes experienced Tax Attorneys, Lawyers, CPAs, Enrolled Agents, and ex-IRS Agents, offering over 250 years of combined IRS resolution experience. We specialize in resolving IRS back tax penalty cases efficiently and effectively. Michael D. Sullivan provides immediate representation to stop IRS intrusions into your business and personal life, ensuring peace of mind. For IRS tax relief, expert tax solutions, and top-tier tax services in Florida, trust MD Sullivan LLC.
When you ended up affected by a catastrophe declaration and granted an extension of your time to file your 2023 federal earnings tax return, don’t forget to file and pay by the Feb. 3, 2025 deadline. Read a lot more from your #IRS: pic.twitter.com/hQ2b3ZKcuC
If you get in touch with the TAS toll-totally free selection you will be linked Together with the Centralized Circumstance Consumption (CCI) group who is your 1st issue of contact with the Taxpayer Advocate Provider. They're going to manual you along the method to begin your circumstance and obtain the assistance you would like.
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Tax time may be stress filled sufficient By itself, but if you're going through a significant tax bill or remain addressing delinquent tax financial debt from yrs prior, it could sense downright overpowering. In spite of everything, The inner Revenue Provider (IRS) is just not specifically known for its leniency, and tax financial debt can promptly turn out to be mind-boggling if still left unaddressed.
“The range of the problems we look at preserve me intrigued and engaged, as I proceed to master every day – and also the people I perform with, they offer a lot assist and are great assets.”
"These offers in compromise are hardly ever submitted and all the more seldom recognized – you generally have to possess a genuinely great Tale, typically involving a debilitating or terminal sickness or A few other Excessive lifestyle circumstance,” he provides.
Discover more details on TAS What transpires when I phone the TAS toll-free selection to open up a situation?
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Enrolled agent standing is the highest credential the IRS awards. People who get hold of this elite status need to adhere to moral benchmarks and entire seventy two several hours of continuous education courses each 3 several years.
User charges may possibly improve and are typically released each January in the initial revenue technique of your year. Payments has to be designed through the website.
More relief can be accessible to afflicted taxpayers who get involved in a retirement approach or unique retirement arrangement (IRA). Such as, a taxpayer may very well be suitable to have a Specific catastrophe distribution that might not be matter to the additional 10% early distribution tax and enables the taxpayer to spread the income around a few yrs.
No motion is required for eligible taxpayers to receive these payments, which is able to head out routinely in December and should arrive most often by late January 2025.
Ahead of filing a return, you look for tax certainty and also the avoidance of a transfer pricing dispute with the IRS and one or more treaty partner administrations by IRS offer in compromise securing an settlement with a transfer pricing methodology. Within an APA, the IRS and a number of overseas tax administrations arrive at an arrangement With all the taxpayer on: (1) the factual nature from the inter-business transaction to which the APA applies; (2) an appropriate transfer pricing method (“TPM”) to generally be placed on any allocation of profits, deductions credits or allowances between two or even more controlled companies; and (three) an anticipated array of outcomes from applying the TPM to the transactions.
The company plans to start out sending out Distinctive reminder letters in January 2024 to warn filers of their recent liabilities, ways to pay out and the level of penalty relief, if applied.