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Tax

Sweep Nets Hundreds of Tax Services Miami Violating Laws

Sweep Nets Hundreds of Tax Services Miami Violating Laws

Miami Department of Consumer Affairs conducted a two-week-long enforcement sweep of Tax services Miami, specifically corporate tax preparation, across the city and issued violations to one out of every three Tax Services Miami it inspected, mainly for violating laws governing refund anticipation loans and disclosure of their true qualifications and fees.

The department conducted close to 850 inspections citywide and issued over 1,000 violations to Tax services Miami, specifically corporate tax preparation, who misrepresented their qualifications, violated consumer rights, or illegally advertised refund anticipation loans as “instant” or “rapid” refunds. Total fines from the enforcement sweep could reach close to $1 million. The agency is encouraging taxpayers to instead take advantage of Tax Services Miami professional CPA Firms for preparing their taxes and claiming the Earned Income Tax Credit.

Tax Services Miami

“There are substantial tax refund dollars waiting, who have, since 2002, claimed almost $10 billion in Earned Income Tax Credits alone,” said Tax Services Miami Gustavo Viera CPA. “That’s why we’re making it as easy as possible for people to file their taxes and claim those refunds.  And since the IRS issues these refunds in such a short amount of time, there’s no reason for such expensive, often deceptively sold loans getting in between you and every dollar of your refund.” Similar issues also apply to corporate tax preparation.

Tax Services Miami have been charged with previous violations in 2011 and 2010, along with other Tax services Miami who are located in neighborhoods with large populations of immigrants and high usage of refund anticipation loans.

Tax Services Miami Firms found that 65 percent of businesses that received a violation last year and were inspected this year, were complying with the law. In Miami, Tax services Miami must post their qualifications, fees and charges, and whether or not they will represent consumers at a government audit. Tax Services Miami must sign every tax return, and provide their customers with a copy of their tax return and a receipt for their services.

Taxpayers with children who earn less than $50,000 or $18,000 for those who do not have children can visit a Volunteer Income Tax Assistance sites in the Tri-County where a certified volunteer will prepare their taxes for free, the agency noted. Those earning less than $57,000 can also file their taxes online for free at irs.gov/taxprep. The city is also partnering with Intuit and One Economy Corporation to offer access to free online tax preparation software. Miami tax payers can also have their tax returns prepared at a participating H&R Block office for free for very simple tax returns. To qualify for the H&R Block discount, residents must earn less than $41,000 with children or $31,000 if they have no children.

 

 

 

Categories
Tax

Tax Services TaxMasters Bankruptcy Shows Why Not To Get Help From TV Pitchmen if You Owe The IRS

Tax Services TaxMasters Bankruptcy Shows Why Not To Get Help From TV Pitchmen if You Owe The IRS

Tax Services Miami CPA Firm Gustavo A Viera says if you’ve got problems paying the Internal Revenue Service, don’t look for help from the ads on late night cable television from TV Pitchmen promising to reduce tax liabilityReducing tax liability, that’s one of the lessons from an SEC filing Friday by TaxMasters Inc., disclosing the publicly-traded company will file for voluntary bankruptcy.  As ABC reported last April, even after Tax Services Houston-based TaxMasters had been accused of deceptive business practices by the attorneys general of Texas and Minnesota, it continued to buy millions of advertising on CNN, FoxNews and other cable channels Pitchmen promising to reduce tax liability for pennies on the dollar. The ads featured Patrick Cox, the red-bearded TaxMasters CEO, assuring potential clients that his staff of tax pros, including former IRS agents, had helped “many good people just like you.”

According to TaxMaster’s three page filing in the Southern Texas bankruptcy court, it has less than $5,000 in assets and up to 5,000 creditors.

Tax Services Miami VieraCPA notes this is just the latest bankruptcy by a “tax resolution” Tax Services that advertised heavily—and made allegedly exaggerated claims–on cable TV.  JK Harris & Co., a South Carolina-based firm which once operated hundreds of locations in dozens of states, filed for bankruptcy last October after being sued by both states and unhappy customers. Last December, it ceased operations and went into liquidation, leaving 5,400 active clients in the lurch.   Harris’ former clients, including those who won legal judgments against it, aren’t likely to see any money from the liquidation. (Another firm, Resolute Tax Services, has purchased access to JK Harris’ customer list; according to the privacy terms set by the bankruptcy court, customers must contact Resolute and agree to the transfer of their files, at which point Resolute says it will offer them a “credit of up to 50%” of the fees they paid JK Harris.)

In 2010, California Attorney General (now Governor) Jerry Brown  sued “Tax Lady” Roni Deutch, who also had a big presence on TV, claiming she “engaged in a scheme to swindle taxpayers” by overstating the ability of her tax services firm to gain concessions from the IRS. Deutch called the charges politically motivated. But last year, she  filed for bankruptcy and  surrendered her law license.

If you’ve got problems with the IRS, here are a few pointers—that you won’t get from a Tax Services cable pitchman.

• Tax Services CPA Firm Gustavo A Viera says some people do win “offer in compromise” deals from the IRS allowing them to settle what they owe for “pennies on the dollar”—but only those who genuinely can’t pay, when all their assets and future earnings are taken into account. In fiscal 2010, the IRS received 57,000 applications for OICs and granted only 14,000 of them, according to its annual data book.

• CPA VieraCPA notes that if you can pay what you owe the IRS over time, you may be able to work out a deal without paying big bucks to a tax pro. Earlier this month, as part of a bid to help strapped taxpayers, the IRS announced that taxpayers owing up to $50,000 in back taxes, interest and penalties (up from $25,000) can enter into a streamlined installment agreement to pay over up to 72 months–without supplying the IRS with a detailed financial statement. Be careful, however, not to sign an installment agreement unless you’re reasonably certain you can live up to.

•If you believe you are being treated unfairly by the IRS and can’t get anyone to listen to you, there is an independent office within the IRS —known as the Taxpayer Advocate Service—that may be able to intervene or call Tax Services CPA Firm Gustavo A Viera

•If you need professional help, choose carefully.  If you’re in deep trouble with the IRS, you’ll generally want to hire a lawyer, a CPA or an enrolled agent, who is licensed to practice before the IRS.

Categories
Tax

Is great customer service expected from Tax Accountants?

Tax Accountants Offer Great Service

I’ve been working with Tax Accountants for a long time, and much of that time and activity I have focused on is Tax Return Preparation. The do it yourself Tax Return Preparation Software like TurboTax is a good example of the type of service model that’s garnered a lot of attention over the past couple of years. TurboTax editions continue to be the Tax Return Preparation Software solutions of choice for new and growing small businesses, even as those businesses look to leverage the cloud for remote and mobile access to business information. But nothing beats a Tax Accountants whose services vary tremendously from Tax Accountants to Tax Accountants. A Tax Accountants professional will know hoe to best service his client over any tax software.

At the surface, most of the Tax Accountants services available today look pretty much alike. In concept, they are, but in reality the knowledge each Tax Accountant Miami elects to deploy makes a big difference in the experience of user. Some Tax Accountants require a lot experienced Tax CPA’s to make the service work, and some Taxes Services have constructed their own “black box” technology to make the delivery possible like H&R Block. The result is a wide variety of service models and delivery approaches, some of which may perform better or offer more functionality than others. But these details are often difficult to discern when evaluating the various Tax Return Preparation services, so most folks simply resort to pricing comparisons. Unfortunately, this isn’t really the best way to measure the quality of the Tax Accountants or the Tax Services. There’s still some truth to the old adage that “you get what you pay for”, even when a Tax Accountants has become commoditized in the market. On the other hand, just because a Tax Service is more expensive doesn’t mean it is better.

It is often difficult to get prospective customers to see or understand the technical nuances of any given Tax Return Preparation Service, so many Tax Accountants are trying to find other ways to set themselves apart from the competition. One approach that’s become quite popular is to tout the availability and quality of the customer service offered by the provider. While I do believe that quality customer service should be available for clients at all times, I also recognize a bit of a problem with this marketing approach.

You know those car commercials on TV, where the sales person is telling the customer about how great the warranty on the vehicle is? Yeah – the one where the customer wants to know if they should buy a good car, or buy a car with a good warranty. Makes you think, doesn’t it?

When you’re looking for a Tax Accountants service provider to deliver quality Tax Services, remember that great customer service is only part of the puzzle. The best solution is to find a Tax Accountant Miami that just works for you, and doesn’t leave you needing a lot of support.

Are you on a first name basis with your Tax Accountants support team? You might want to think about why that is.

Make sense?