Help for Your Tax Problems
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services
- April 27, 2022
Innovative Tax Relief Expands Its Offerings to Tax Planning
Innovative Tax Relief Expands Its Offerings to Tax Planning and Encourages Businesses to consider a Tax Planning Strategy with all the current tax changes Tax planning is important for every small business owner who wants to maximize their profit. With the new tax changes, the team at Innovative Tax Relief shares the benefits of planning […]
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- April 27, 2022
Innovative Tax Relief LLC Launches A New Website
Innovative Tax Relief LLC Launches A New Website To Support Tax Relief And Resolution Services The new innovativetaxreliefllc.com website makes finding valuable tax relief and tax planning information more accessible than ever. West Palm Beach, FL – Thursday 28, 2022 – Innovative Tax Relief LLC, a leading A+ BBB-accredited tax resolution and IRS tax relief […]
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- December 1, 2021
Can the IRS Garnish Social Security?
There is a lot of confusion when it comes to this topic. Most creditors cannot garnish federal benefits. This includes social security benefits. The federal government has a different set of rules than most creditors. Only the federal government can garnish your social security and other federal benefits. Throughout my time in this industry, I […]
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- November 29, 2021
What Is Depreciation?
When operating any business, it always takes money to make money. This money that is being spent is your expenses and can actually be deducted on a taxpayer’s tax return. There are many different expenses that can be deducted such as cost of goods, sales commission expenses, rent, salaries, or advertising expense. These are all […]
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- November 26, 2021
Do I Have to Report Foreign Bank Accounts When I File?
In today’s article we are going to discuss the reporting requirements of for foreign accounts held by taxpayers. There are two different forms that possibly need to be filled out by a taxpayer holding a foreign account. These two different forms have different requirements for who needs file. These two forms are the FATCA Form […]
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- November 24, 2021
Does Anybody Really Fly Under the Radar with the IRS?
People turn to companies of our nature for many different reasons. Some call because they receive a letter from the IRS. Others wait and call very frantically because of an IRS garnishment or bank levy. Then you have the person who something in their life is forcing them to get back on track. A lot […]
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- July 30, 2021
Success Stories: Helping a Realtor with a $160,000 Tax Bill
Many taxpayers conclude that if they are going to owe money to the IRS and cannot pay, they are better off just not filing. This is 100% the wrong thought process. There are a few different reasons why it is very important that a person files each year by the due date regardless of their […]
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- July 29, 2021
Case Study: Saving Mr. J $117,000
At Innovative Tax Relief, we cannot stress enough how important it is to make sure that all different types of income that you received in a year are reported on your 1040 tax filing. Most entities that received income throughout the year will provide you with the correct income form, typically a W-2 or some […]
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- July 28, 2021
How the IRS Tax Collections Process Works
The whole world has been in the grasp of the Coronavirus for the past two years. During this time, the government has done many things to try and aid people financially. There have been three different stimulus checks sent out, the federal government provided extra money for unemployment benefits on top of what the states […]
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- July 27, 2021
Case Study: Saving Mrs. B $27,000 in Taxes
After helping countless individuals with their tax issues, one thing we have learned is that no two situations are exactly alike. Any good tax professional knows that there are so many moving parts to qualifying for the different IRS programs available. This is why we at Innovative Tax Relief start every case by doing what […]
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