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Do you have unpaid debts? If yes, the Treasury Offset Program, operated by the Treasury Department’s Financial Management Service, may apply your tax refund to your delinquent debts. This program is not only for unpaid federal government debt, it can also be used for unpaid child support, unpaid State taxes or student loans. If you have received a letter stating that your refund will be applied to an unpaid debt you may dispute the claims if they are false, but be proactive. You only have 60 days.

Our Vice President and Managing Attorney Rachel Pappy was interviewed by Fox 25 Morning Anchor Leslie Draffin on Wednesday, February 24, 2016. 

Check out the interview and learn the top things to keep in mind this tax season, including why the tax deadline was pushed back to April 18th.

As we gear up for Tax Day – which is on April 18th this year! – we’re doing a series of posts for the small business owners who most frequently come to us with questions. What kinds of industry-specific tax breaks can you expect this year? And how should you prepare? We’ll spill all the details below.

We’re always here to offer a lending hand come tax season, but did you know we also offer tax preparation services to help create resolutions with the IRS or State? You must be fully compliant in order to have an accepted resolution. You may be thinking, “What exactly does tax compliance entail and why is it important?” Here’s the low-down: 

Feb 11, 2016

Tax Return Alert!

Please be aware that some tax software may not give you a correct tax return if you used the Health Marketplace to get your health insurance. We have a specific example from H&R Block. If you have experienced issues with another online tax software, please let us know!

The IRS can be tough to navigate. At Polston Tax, it's our job to look out for our clients, and guide them through whatever process needed to resolve their tax issues. But the IRS has also taken steps to protect taxpayers: Publication 1, also known as the Taxpayer Bill of Rights lays out the fundamental rights every taxpayer should know when dealing with the IRS.  As a taxpayer, you have the right to:

Happy 2016! We mean that literally.

As tax season rolls around, the IRS has issued a few announcements that should make you very happy indeed.

Most of us know that if you win the lottery you’re going to pay a lot in taxes, but did you know that you’re supposed to report and pay taxes on ALL betting and gambling wins?

As April 18th gets closer and closer, so does the big decision: should you do your own taxes with online software, or should you grit your teeth and hire a professional accountant?

We’re not about to make that decision for you.

But we can tell you the good things and the bad things about hiring a pro. After that, it’s up to you.

Have you ever wondered where that extra $10 at the end of your cell phone bill comes from?

It’s actually a federal tax, and it’s a surprisingly high one – 17.3%, on average, of your current phone bill.

This is probably news you didn’t want to hear.

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Do you have unpaid state or federal taxes? Do you need help with a bank levy or a lien? Schedule your free tax resolution consultation today to find out what we can do for you.

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