Get More Information
Look in the upper right-hand corner to find your notice number.
Select your notice number from one of the tables to the left to find additional information about your notice. (Please note that not all notices are on the list.)
Call 1-800-829-1040 or visit a local IRS office if you suspect that you have received a fraudulent notice or that you are a victim of identity theft.
Learn about Payment Options
Learn more about our Electronic Funds Withdrawal options.
Find out how you can pay your taxes with your credit or debit card using e-pay.
Find out if you qualify for an Online Payment Agreement.
Request an installment agreement, Form 9465.
Get Tax Help
Use the Tax Toolkit to help you understand basic tax information, learn about special tax credits, prevent identify theft and understand why it is important to follow the law.
Learn more about the Taxpayer Advocate Service.
Authorize someone, such as an accountant, to contact the IRS on your behalf using this Power of Attorney and Declaration of Representation, Form 2848.
You may qualify for help from a Low Income Taxpayer Clinic.
Find Forms and Publications
Download forms by number.
Download publications by number.
Order form or publications by mail.
About Your Notice
If you receive a letter or notice from the IRS, it will explain the reason for the correspondence and provide instructions. Many of these letters and notices can be dealt with simply, without having to call or visit an IRS office.
The notice you receive covers a very specific issue about your account or tax return. Generally, the IRS will send a notice if it believes you owe additional tax, are due a larger refund, if there is a question about your tax return or a need for additional information.
IRS Notice Redesign
Currently, the IRS is in the process of redesigning and revising its correspondence with taxpayers for clarity, effectiveness and efficiency. The new format includes a plain language explanation of the nature of the correspondence, clearly states what action the taxpayer must take and presents a clear, clean
Saturday, July 2, 2011
Wednesday, October 7, 2009
JACKSON TOWNSHIP, NJ - It's all about the “Pursuit of Profit” for the IRS to consider your Business a Business. So, how was business this year? Did
JACKSON TOWNSHIP, NJ - It's all about the “Pursuit of Profit” for the IRS to consider your Business a Business.
So, how was business this year? Did you make a profit? If your business is very new, most likely you took a loss. Oh well, at least you can write it off, right?
Well... maybe.
Whether you can write off your business losses depends on whether your business really is a business or a hobby.
"Of course it's a business!", I hear you say. "I don't put myself through this for the fun of it!"
That's what Brenda Konchar thought.
Brenda Konchar, a Mary Kay Cosmetics representative and Indiana mother of 4, reported her Mary Kay activity as business income.
The IRS disagreed. Konchar took her case to the Tax Court...
... and lost. (See: Konchar and Konchar v. Commissioner of Internal Revenue, (Docket 5388-01S-2004)
So what does it mean?
In a nutshell, if you earn income in the pursuit of a hobby, you can offset the income with deductions. You cannot claim deductions that exceed your income – there’s no loss for a hobby.
However, if you earn income in the pursuit of a business, you can not only offset the income with deductions, you can carry any losses forward. This can be huge for new businesses.
Brenda Konchar had deductions which exceeded her income and reported net business losses for the years 1996 through 1998. The IRS disallowed the losses, claiming that Konchar’s activities constituted a hobby. As a backup, the IRS claimed that even if she were operating a business, her expenses were not properly business expenses.
Here's the important part: The IRS consider a number of factors when determining whether a taxpayer is engaging in a business or a hobby, none more important than profit motive.
The IRS considers that you are engaging in a business when it is your intention to make money. You should be able to demonstrate that you have made a profit for at least three of the last five tax years.
Of course, it isn’t a given that all legitimate businesses will make a profit. So the IRS gives you another bite at the apple. They consider a number of factors, including:
1, Whether you run your business as a business. This includes keeping good records and promoting your business.
2, How much time and effort you expend in the activity. It should go without saying that only spending minimal time and effort on your business sends a message that you’re not so serious about it.
3, Your level of expertise. How much do you know about your business?
4, Your track record. What kind of success or failure have you had in other similar endeavors?
5, Your financial picture. A bona fide business is generally something that a taxpayer relies upon to make a living.
6, Whether you continue to change your business practices in order to make money. When things aren’t going so well in business, business owners switch gears. As your financial picture changes, your business practices should, too.
7, The nature of your losses. All start up businesses expect a few bumps at the beginning. However, continuous losses that may be within your control to change would not be acceptable in a bona fide business.
8, Whether you expect the value of your business to grow. This includes accumulating appreciating assets.
9, How much fun you’re having. Oh yeah. In Kochlar, the Court mentions that her Mary Kay sales “...had a substantial component of personal pleasure.” The IRS looks at whether you enjoy yourself. There’s nothing wrong with liking what you do – but if you like it to the exclusion of working at it, you’re going to raise some eyebrows.
So where did Brenda Konchar go wrong? She didn’t operate her Mary Kay activities like a business. She didn’t effectively promote the business – she didn’t even have business cards – and most of her customers were family and friends. She mixed her business assets with her personal assets. She sold her products to friends at or near cost, and lost money year after year and made no substantial steps to make changes. As a result, her business losses were disallowed.
Here’s the lesson to be learned: if you’re going to operate a business, treat it like a business.
H&R Block does individual returns, as well as business returns: We even prepare C-Corp. And S-Corp. Returns for large national companies.
Contact your People at:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
So, how was business this year? Did you make a profit? If your business is very new, most likely you took a loss. Oh well, at least you can write it off, right?
Well... maybe.
Whether you can write off your business losses depends on whether your business really is a business or a hobby.
"Of course it's a business!", I hear you say. "I don't put myself through this for the fun of it!"
That's what Brenda Konchar thought.
Brenda Konchar, a Mary Kay Cosmetics representative and Indiana mother of 4, reported her Mary Kay activity as business income.
The IRS disagreed. Konchar took her case to the Tax Court...
... and lost. (See: Konchar and Konchar v. Commissioner of Internal Revenue, (Docket 5388-01S-2004)
So what does it mean?
In a nutshell, if you earn income in the pursuit of a hobby, you can offset the income with deductions. You cannot claim deductions that exceed your income – there’s no loss for a hobby.
However, if you earn income in the pursuit of a business, you can not only offset the income with deductions, you can carry any losses forward. This can be huge for new businesses.
Brenda Konchar had deductions which exceeded her income and reported net business losses for the years 1996 through 1998. The IRS disallowed the losses, claiming that Konchar’s activities constituted a hobby. As a backup, the IRS claimed that even if she were operating a business, her expenses were not properly business expenses.
Here's the important part: The IRS consider a number of factors when determining whether a taxpayer is engaging in a business or a hobby, none more important than profit motive.
The IRS considers that you are engaging in a business when it is your intention to make money. You should be able to demonstrate that you have made a profit for at least three of the last five tax years.
Of course, it isn’t a given that all legitimate businesses will make a profit. So the IRS gives you another bite at the apple. They consider a number of factors, including:
1, Whether you run your business as a business. This includes keeping good records and promoting your business.
2, How much time and effort you expend in the activity. It should go without saying that only spending minimal time and effort on your business sends a message that you’re not so serious about it.
3, Your level of expertise. How much do you know about your business?
4, Your track record. What kind of success or failure have you had in other similar endeavors?
5, Your financial picture. A bona fide business is generally something that a taxpayer relies upon to make a living.
6, Whether you continue to change your business practices in order to make money. When things aren’t going so well in business, business owners switch gears. As your financial picture changes, your business practices should, too.
7, The nature of your losses. All start up businesses expect a few bumps at the beginning. However, continuous losses that may be within your control to change would not be acceptable in a bona fide business.
8, Whether you expect the value of your business to grow. This includes accumulating appreciating assets.
9, How much fun you’re having. Oh yeah. In Kochlar, the Court mentions that her Mary Kay sales “...had a substantial component of personal pleasure.” The IRS looks at whether you enjoy yourself. There’s nothing wrong with liking what you do – but if you like it to the exclusion of working at it, you’re going to raise some eyebrows.
So where did Brenda Konchar go wrong? She didn’t operate her Mary Kay activities like a business. She didn’t effectively promote the business – she didn’t even have business cards – and most of her customers were family and friends. She mixed her business assets with her personal assets. She sold her products to friends at or near cost, and lost money year after year and made no substantial steps to make changes. As a result, her business losses were disallowed.
Here’s the lesson to be learned: if you’re going to operate a business, treat it like a business.
H&R Block does individual returns, as well as business returns: We even prepare C-Corp. And S-Corp. Returns for large national companies.
Contact your People at:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
(LAKEWOOD, NJ) C.A.R.S. (Cash For Clunkers) and Back Taxes. There is a lot of bad information out there about the C.A.R.S (Or Cash For Clunkers) pr
(LAKEWOOD, NJ) C.A.R.S. (Cash For Clunkers) and Back Taxes.
There is a lot of bad information out there about the C.A.R.S (Or Cash For Clunkers) program. Today, I heard a car dealer on a radio talk show say that if the consumer owes any federal or state taxes when they buy a Cash For Clunkers car, the dealer is on the hook to get reimbursed by the consumer or eat the difference, because the federal payment will take out the taxes owed before sending out the rebate.
UNTRUE!
One, the paperwork is submitted by the dealer to the National Highway Traffic Safety Administration, not the IRS and definitely not to the state revenue department. In fact, the NHTSA goes out of their way in the rule to note that they are not experienced or authorized to deal with taxes.
Two, the rebate is payable to the dealer, not to the individual. The dealer provides the discount at sale, not at reimbursement. If rebates were subject to tax checks, dealers would be essentially become responsible for collections of back taxes. That would be messy and cumbersome – not to mention the number of privacy issues involved.
Three, the rule clearly states:
“For a purchaser, a dealer must collect individual or entity name, address and State or corporate identification number (e.g., driver’s license number, State identification number, corporate tax identification number). This information is used to verify the identity of the purchaser and to confirm no prior participation in the program.”
In theory, then, you could simply provide your name, address and license number. That’s not enough information to run a tax check instantaneously. I mean, the IRS database is good, but it’s not that good.
CONTACT US AT:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Want tax guidance year-round? Text HRBLOCK to 37160 to receive tax tips, important information and updates from H&R Block to your mobile device.
There is a lot of bad information out there about the C.A.R.S (Or Cash For Clunkers) program. Today, I heard a car dealer on a radio talk show say that if the consumer owes any federal or state taxes when they buy a Cash For Clunkers car, the dealer is on the hook to get reimbursed by the consumer or eat the difference, because the federal payment will take out the taxes owed before sending out the rebate.
UNTRUE!
One, the paperwork is submitted by the dealer to the National Highway Traffic Safety Administration, not the IRS and definitely not to the state revenue department. In fact, the NHTSA goes out of their way in the rule to note that they are not experienced or authorized to deal with taxes.
Two, the rebate is payable to the dealer, not to the individual. The dealer provides the discount at sale, not at reimbursement. If rebates were subject to tax checks, dealers would be essentially become responsible for collections of back taxes. That would be messy and cumbersome – not to mention the number of privacy issues involved.
Three, the rule clearly states:
“For a purchaser, a dealer must collect individual or entity name, address and State or corporate identification number (e.g., driver’s license number, State identification number, corporate tax identification number). This information is used to verify the identity of the purchaser and to confirm no prior participation in the program.”
In theory, then, you could simply provide your name, address and license number. That’s not enough information to run a tax check instantaneously. I mean, the IRS database is good, but it’s not that good.
CONTACT US AT:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Want tax guidance year-round? Text HRBLOCK to 37160 to receive tax tips, important information and updates from H&R Block to your mobile device.
(Point Pleasant, NJ) Yay, newborns! What a Tax Benefit!! Your bundle of Joy may qualify for credits including the Child Care Credit, the Child Tax
(Point Pleasant, NJ) Yay, newborns! What a Tax Benefit!!
Your bundle of Joy may qualify for credits including the Child Care Credit, the Child Tax Credit and the Earned Income Credit.
If you're a single parent paying more than half the household costs and your child lives with you more than half the year, claim Head of Household to qualify for a higher standard deduction than when filing as Single. You'll also be eligible to use a more favorable tax table or rate schedule.
Apply for a social security card immediately after your child's birth to receive tax benefits.
In most situations, you'll claim the exemption for a child because the child is your qualifying child. But in some situations, the child will be claimed as a qualifying relative. See Publication 501 for the rules relating to qualifying relatives.
You Can Claim a Dependent
In either situation, 3 conditions must be satisfied:
You can't claim an exemption for the child if you can be claimed as a dependent of another person.
You can't claim an exemption for the child if the child files a joint return unless the return is only a claim for refund and neither the child nor the child's spouse would have a tax liability if they file separate returns.
The child must be a U.S. citizen, resident, or national, or a resident of Canada or Mexico for part of the year.
A child is your qualifying child if all the following conditions are satisfied:
The child is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister or a descendant of any of them.
The child is younger than age 19, a full-time student younger than 24 or a disabled child.
The child did not provide more than half of his or her own support.
The child must live with you more than half of the year. A newborn child is considered to have lived with you for the entire year.
You Could Qualify for Several Credits
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
You may qualify for the Child Tax Credit, Earned Income Credit (EIC) and Child Care Credit. Also, the 2009 American Recovery and Reinvestment Act expands some of these benefits.
Child Tax Credit — You may be able to get a credit of up to $1,000 per child. An eligible child must be younger than 17 and must be a U.S. citizen, U.S. national, or a resident alien. This credit is available regardless of your filing status. However, your credit is reduced if your modified adjusted gross income is:
EIC — The EIC is a refundable credit available to low-income workers. The amount of the credit varies depending on your income level and the number of qualifying children you have.
Your bundle of Joy may qualify for credits including the Child Care Credit, the Child Tax Credit and the Earned Income Credit.
If you're a single parent paying more than half the household costs and your child lives with you more than half the year, claim Head of Household to qualify for a higher standard deduction than when filing as Single. You'll also be eligible to use a more favorable tax table or rate schedule.
Apply for a social security card immediately after your child's birth to receive tax benefits.
In most situations, you'll claim the exemption for a child because the child is your qualifying child. But in some situations, the child will be claimed as a qualifying relative. See Publication 501 for the rules relating to qualifying relatives.
You Can Claim a Dependent
In either situation, 3 conditions must be satisfied:
You can't claim an exemption for the child if you can be claimed as a dependent of another person.
You can't claim an exemption for the child if the child files a joint return unless the return is only a claim for refund and neither the child nor the child's spouse would have a tax liability if they file separate returns.
The child must be a U.S. citizen, resident, or national, or a resident of Canada or Mexico for part of the year.
A child is your qualifying child if all the following conditions are satisfied:
The child is your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister or a descendant of any of them.
The child is younger than age 19, a full-time student younger than 24 or a disabled child.
The child did not provide more than half of his or her own support.
The child must live with you more than half of the year. A newborn child is considered to have lived with you for the entire year.
You Could Qualify for Several Credits
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
You may qualify for the Child Tax Credit, Earned Income Credit (EIC) and Child Care Credit. Also, the 2009 American Recovery and Reinvestment Act expands some of these benefits.
Child Tax Credit — You may be able to get a credit of up to $1,000 per child. An eligible child must be younger than 17 and must be a U.S. citizen, U.S. national, or a resident alien. This credit is available regardless of your filing status. However, your credit is reduced if your modified adjusted gross income is:
EIC — The EIC is a refundable credit available to low-income workers. The amount of the credit varies depending on your income level and the number of qualifying children you have.
(Crestwood Village Area) - You Haven’t Filed Your Taxes Yet. OK, Let’s Fix The Problem. You Got People. Here’s the Facts: If you filed on time, but
(Crestwood Village Area) - You Haven’t Filed Your Taxes Yet. OK, Let’s Fix The Problem. You Got People.
Here’s the Facts: If you filed on time, but don't pay the entire balance you'll be charged a late payment penalty of 0.5%, up to 25%, of the unpaid tax.
You may be penalized up to 47.5% of your unpaid tax if you don't file your return on time.
If you request an installment payment plan for your taxes, and the IRS accepts it, you'll be charged a fee plus interest on all unpaid taxes.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
It's best to file on time and pay as much of your balance due as possible. If you didn't do this by the tax deadline, you probably fit into 1 of 3 categories.
Category 1: You filed on time but didn't pay all of your balance due.
You'll generally have to pay a late-payment penalty of 0.5% of the tax owed for each month, or part of a month that the tax remains unpaid after the due date, up to 25% of the tax due. The 0.5% rate increases to 1% if the tax remains unpaid after several notices have been sent to you, and the IRS issues a notice of intent to levy. The penalty will not be imposed if you can show reasonable cause for the failure to pay.
Category 2: You haven't filed or paid your balance due.
If you did not file on time, and you owe tax, you may owe a late-filing penalty in addition to the late-payment penalty unless you can show reasonable cause. The combined penalty is 5% (4.5% late filing, 0.5% late payment) for each month, or part of a month, that your return is late. The late-filing penalty is generally imposed for a maximum of 5 months. However, after 5 months, if you still have not paid, the 0.5% late-payment penalty continues to run, up to 25%, until the tax is paid. So, the combined maximum penalty may be as high as 47.5% [(4.5% x 5 months) + 25%].
Note: If your return is more than 60 days late, the minimum late-filing penalty is the smaller of $135 or 100% of the tax required to be shown on the return.
Category 3: You're paying taxes through an installment agreement.
If you or your tax professional filed Form 9465 requesting an installment payment plan, and the IRS accepted your installment payment plan, they will charge you an administrative fee plus interest on the unpaid tax. If you filed a timely return and are paying your tax due according to an installment agreement, the late-payment penalty is 0.25% (instead of 0.5%) for each month, or part of a month, that the tax remains unpaid.
Regardless of which category you fall into, you'll owe interest on any balance due from the due date of the return until the date of payment. The interest rate is adjusted every 3 months.
YOU HAVEN’T FILED YOUR TAXES YET. OK, LET’S FIX THE PROBLEM. You Got People.
CONTACT US NOW:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Here’s the Facts: If you filed on time, but don't pay the entire balance you'll be charged a late payment penalty of 0.5%, up to 25%, of the unpaid tax.
You may be penalized up to 47.5% of your unpaid tax if you don't file your return on time.
If you request an installment payment plan for your taxes, and the IRS accepts it, you'll be charged a fee plus interest on all unpaid taxes.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
It's best to file on time and pay as much of your balance due as possible. If you didn't do this by the tax deadline, you probably fit into 1 of 3 categories.
Category 1: You filed on time but didn't pay all of your balance due.
You'll generally have to pay a late-payment penalty of 0.5% of the tax owed for each month, or part of a month that the tax remains unpaid after the due date, up to 25% of the tax due. The 0.5% rate increases to 1% if the tax remains unpaid after several notices have been sent to you, and the IRS issues a notice of intent to levy. The penalty will not be imposed if you can show reasonable cause for the failure to pay.
Category 2: You haven't filed or paid your balance due.
If you did not file on time, and you owe tax, you may owe a late-filing penalty in addition to the late-payment penalty unless you can show reasonable cause. The combined penalty is 5% (4.5% late filing, 0.5% late payment) for each month, or part of a month, that your return is late. The late-filing penalty is generally imposed for a maximum of 5 months. However, after 5 months, if you still have not paid, the 0.5% late-payment penalty continues to run, up to 25%, until the tax is paid. So, the combined maximum penalty may be as high as 47.5% [(4.5% x 5 months) + 25%].
Note: If your return is more than 60 days late, the minimum late-filing penalty is the smaller of $135 or 100% of the tax required to be shown on the return.
Category 3: You're paying taxes through an installment agreement.
If you or your tax professional filed Form 9465 requesting an installment payment plan, and the IRS accepted your installment payment plan, they will charge you an administrative fee plus interest on the unpaid tax. If you filed a timely return and are paying your tax due according to an installment agreement, the late-payment penalty is 0.25% (instead of 0.5%) for each month, or part of a month, that the tax remains unpaid.
Regardless of which category you fall into, you'll owe interest on any balance due from the due date of the return until the date of payment. The interest rate is adjusted every 3 months.
YOU HAVEN’T FILED YOUR TAXES YET. OK, LET’S FIX THE PROBLEM. You Got People.
CONTACT US NOW:
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
(Forked River / Lanoka Harbor, NJ) Tax Issue after April 15th? RELAX. You Got People. MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES LAKEWOO
(Forked River / Lanoka Harbor, NJ) Tax Issue after April 15th? RELAX. You Got People.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Why Choose H&R Block?
Our average client sees a Tax Professional with more than 8 years of experience and hundreds of hours of specialty training. Have a one-to-one relationship the way you want it: face-to-face, over the phone or online - you decide.
TOP 3 REASONS TO CHOOSE H&R BLOCK OVER ANOTHER PREPARER:
1.Tax Laws Change - Most H&R Block Tax Professionals receive more than 50 hours of training annually.
2.We Have the Answers - We have 90,000 trained professionals with access to H&R Block's Tax Institute - the leader in tax research.
3.We Guarantee Our Work - If we make a mistake, we'll pay any resulting penalties and interest; we guarantee it.
WE EMPLOY HIGHLY-TRAINED TAX PROFESSIONALS:
H&R Block's been in business for more than 50 years, and on average, our clients are served by a tax professional with more than 8 years of tax preparation experience. Plus, the majority of H&R Block tax professionals receive more than 50 hours of training every year, ensuring they stay on top of recent tax law changes and understand how they may impact your personal tax situation. In fact, the H&R Block Income Tax Course is recognized as the industry's leading tax training program.
WE’RE MORE THAN A TAX RETURN:
When you meet with your pro, they'll look for every possible deduction and credit to maximize your tax outcome, such as those related to your job.* You'll also get advice tailored to your unique tax situation. And at the end of each interview, you'll receive a personalized H&R Block Advantage statement summarizing year-round tax-saving tips.
Life changes could mean tax changes.
If you change jobs, get married, buy a new home, have a baby or experience another life-changing event, your tax professional can help you plan for it.
We'll help you determine the right number of payroll exemptions with our W-4 estimator.
H&R Block Savings products can help you save for short- or long-term goals.
Need help after April 15?
We offer year-round support by calling 1-800-HRBLOCK. We can also refer you to an H&R Block Year Round office in case you have tax questions or in case of an IRS audit.
YOUR SATISFACTION IS GUARANTEED:
If you are not satisfied, you are not obligated to accept and pay for the preparation of your tax return.
The H&R Block Guarantee:
If H&R Block makes an error in the preparation of your tax return, H&R Block will pay penalties and interest caused by such error. In addition, if the IRS audits you, an H&R Block representative will assist in answering questions regarding the preparation of your return (not as a legal representative)1.
1 If H&R Block makes an error in the preparation of your tax return, it will pay penalties and interest caused by such error. If you are audited, H&R Block will explain your audit notice and advise you as to documentation you should provide to the auditing authority.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Why Choose H&R Block?
Our average client sees a Tax Professional with more than 8 years of experience and hundreds of hours of specialty training. Have a one-to-one relationship the way you want it: face-to-face, over the phone or online - you decide.
TOP 3 REASONS TO CHOOSE H&R BLOCK OVER ANOTHER PREPARER:
1.Tax Laws Change - Most H&R Block Tax Professionals receive more than 50 hours of training annually.
2.We Have the Answers - We have 90,000 trained professionals with access to H&R Block's Tax Institute - the leader in tax research.
3.We Guarantee Our Work - If we make a mistake, we'll pay any resulting penalties and interest; we guarantee it.
WE EMPLOY HIGHLY-TRAINED TAX PROFESSIONALS:
H&R Block's been in business for more than 50 years, and on average, our clients are served by a tax professional with more than 8 years of tax preparation experience. Plus, the majority of H&R Block tax professionals receive more than 50 hours of training every year, ensuring they stay on top of recent tax law changes and understand how they may impact your personal tax situation. In fact, the H&R Block Income Tax Course is recognized as the industry's leading tax training program.
WE’RE MORE THAN A TAX RETURN:
When you meet with your pro, they'll look for every possible deduction and credit to maximize your tax outcome, such as those related to your job.* You'll also get advice tailored to your unique tax situation. And at the end of each interview, you'll receive a personalized H&R Block Advantage statement summarizing year-round tax-saving tips.
Life changes could mean tax changes.
If you change jobs, get married, buy a new home, have a baby or experience another life-changing event, your tax professional can help you plan for it.
We'll help you determine the right number of payroll exemptions with our W-4 estimator.
H&R Block Savings products can help you save for short- or long-term goals.
Need help after April 15?
We offer year-round support by calling 1-800-HRBLOCK. We can also refer you to an H&R Block Year Round office in case you have tax questions or in case of an IRS audit.
YOUR SATISFACTION IS GUARANTEED:
If you are not satisfied, you are not obligated to accept and pay for the preparation of your tax return.
The H&R Block Guarantee:
If H&R Block makes an error in the preparation of your tax return, H&R Block will pay penalties and interest caused by such error. In addition, if the IRS audits you, an H&R Block representative will assist in answering questions regarding the preparation of your return (not as a legal representative)1.
1 If H&R Block makes an error in the preparation of your tax return, it will pay penalties and interest caused by such error. If you are audited, H&R Block will explain your audit notice and advise you as to documentation you should provide to the auditing authority.
(Lacey Township, NJ) – Use H&R Block's Tax Pro Finder to ind A Year Round Tax Professional. Quoteable "In this digital age, the Internet is one of t
(Lacey Township, NJ) – Use H&R Block's Tax Pro Finder to ind A Year Round Tax Professional.
Quoteable
"In this digital age, the Internet is one of the first places people turn for financial information. H&R Block's Tax Professional Finder is the only online tool available to help taxpayers find and schedule an appointment with a preparer who has the right experience and expertise in a convenient location."
--Iris Spinler-Waid, program manager, H&R Block Tax Professional Finder
By the Numbers
* H&R Block expects more than 1 million visitors to the Tax Professional Finder site this year.
* During its 2007 inaugural year, H&R Block's Tax Professional Finder had 40,000 tax professionals live with biographies and there were more than 500,000 hits to the Web site.
* The average H&R Block client is served by a tax professional with 8 years experience and more than 450 hours of training.
* Each year, H&R Block tax professionals are required to complete 50 hours of continuing education so they're up-to-speed on the latest tax law changes.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Block Talk
* H&R Block's Tax Professional Finder enables taxpayers to make an online appointment with a tax preparer who matches their criteria.
* Taxpayers can select a tax professional based on the preparer's location, years of experience or even find the tax professional they used last year.
* Taxpayers also can search for a professional based on their area of expertise such as bilingual, knowledge of a certain occupation, or small business ownership.
* A list of tax professionals meeting the requested criteria is provided, along with a photo, summary of experience and their office location.
* Once the taxpayer finds the right tax professional, they can make an online appointment to meet with the preparer.
# # #
Quoteable
"In this digital age, the Internet is one of the first places people turn for financial information. H&R Block's Tax Professional Finder is the only online tool available to help taxpayers find and schedule an appointment with a preparer who has the right experience and expertise in a convenient location."
--Iris Spinler-Waid, program manager, H&R Block Tax Professional Finder
By the Numbers
* H&R Block expects more than 1 million visitors to the Tax Professional Finder site this year.
* During its 2007 inaugural year, H&R Block's Tax Professional Finder had 40,000 tax professionals live with biographies and there were more than 500,000 hits to the Web site.
* The average H&R Block client is served by a tax professional with 8 years experience and more than 450 hours of training.
* Each year, H&R Block tax professionals are required to complete 50 hours of continuing education so they're up-to-speed on the latest tax law changes.
MORE QUESTIONS? CONTACT US AT OUR YEAR 'ROUND OFFICES
LAKEWOOD PLAZA
1700 MADISON AVE
LAKEWOOD, NJ 08701
Phone: 732-364-3000
TOWN AND COUNTRY CENTER
1900 RTE 70 STE 218
LAKEWOOD, NJ 08701
Phone: 732-920-9333
MANCHESTER PLAZA
1039 RTE 70
MANCHESTER, NJ 08759
Phone: 732-408-9123
93 3RD AVE
BLDG E STE 505
NEPTUNE CITY, NJ 07753
Phone: 732-502-8314
Block Talk
* H&R Block's Tax Professional Finder enables taxpayers to make an online appointment with a tax preparer who matches their criteria.
* Taxpayers can select a tax professional based on the preparer's location, years of experience or even find the tax professional they used last year.
* Taxpayers also can search for a professional based on their area of expertise such as bilingual, knowledge of a certain occupation, or small business ownership.
* A list of tax professionals meeting the requested criteria is provided, along with a photo, summary of experience and their office location.
* Once the taxpayer finds the right tax professional, they can make an online appointment to meet with the preparer.
# # #
Subscribe to:
Posts (Atom)