What are CPA-Tax Moms?

Hi!!!! I am Debbie.  I want to prepare your taxes.  I am waiting for your phone call.

“CPA-Tax Moms” are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment.
 


Some "Moms" work from home, other work from personal offices.   

Not all are Moms, there are some Dads.  We call them Mr. Tax Moms and CPA Dads. 


Each Mom is independent.  Once you start working with a Mom, you will keep the same “Mom” year after year regardless of where you move or relocate.


Being in a “relaxed” environment has many advantages.  Lower overhead, faster response time, more availability, etc.
 
To be a member of the CPA or Tax Moms, the Tax Professional must ALWAYS be in good standing with their state licensing agency (if there is one), experienced, and must demonstrate  a high level of ethics, professionalism and proficiency. 


Tax Net Inc, the parent company, has developed marketing and on line systems to help qualified Tax

Professionals work from their “relaxed” environment and offer better service at a lower price to the consumer. 


Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work.   Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.


For reliability and dependability of the “Moms” organization click on the Better Business Bureau icon below.


 



Do Your Own Taxes - Fee from Refund
Bankruptcy
Claiming Social Security Disability
FREE 2008 CPA Moms Tax Review Details
Divorce & Taxes
Offer in Compromise
Installment Payment for Taxes
Credit Reports
Social Security
Do Your Own Taxes - Fee from Refund
Deliquent Tax Returns
Garnishment
Retirement Planning
Bankruptcy
Claiming Social Security Disability
Divorce & Taxes
Offer in Compromise
Installment Payment for Taxes
Credit Reports
Social Security
Deliquent Tax Returns
Garnishment
Retirement Planning
Back Taxes Home Page
Latest Back Taxes News
Back Taxes Articles
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New Law For Tax Debt Settlement


There was a new law passed in 2005 that will effect taxpayers who are under an IRS wage garnishment. Rather than help improve financial situations for taxpayers, this new law will make solving tax problems with the IRS more difficult.


In recent decades, the IRS has made a focused effort to get people back into good status by reaching deals on overdue taxes. With the passage of this new law, it seems taxpayers who are behind on their taxes will have a more difficult time getting the matter resolved with the IRS.


A few decades ago, the IRS used to be the terror in most peoples nightmares. Specifically, people who had unpaid income taxes lived in dread of having the IRS catch up with them and freeze their bank account, garnish their wages, or worse, evict them from their residence and sell off their home. To promote voluntary resolutions, whereby the IRS would collect money and the taxpayer could get a tax problem resolved, the IRS instituted a program known as the offer in compromise.


The offer in compromise program was designed to let taxpayers with back tax problems cure their situation voluntarily. Instead of waiting for the IRS to catch up to them, taxpayers could come forward and actually negotiate with the IRS. In exchange for this voluntary action, the IRS would consider a reduction of the amount past due including penalties and interest. To be honest, the program was a massive success.


Effective July 16, 2006, the offer in compromise program has undergone changes pursuant to a new federal law. Ironically, the small government Republican majority in Congress pushed through a foolhardy piece of legislation known as the Tax Increase Prevention and Reconciliation Act of 2005. The legislation mandates very specific changes to the offer in compromise program.


The most dramatic change is the new 20 percent rule. Pursuant to the new legislation, a taxpayer that has problems with past due taxes must send in 20 percent of the offer amount with their offer in compromise. This money is not refundable. Nor will the IRS even acknowledge an offer in compromise if the funds are not submitted. The logic behind this legislation is baffling to many. This 20 percent "fee", if you will, does not guarantee that your offer will be accepted. In fact, the IRS can keep the 20%, reject your offer, and apply the amount to the back taxes that are allegedly owed. A reasonable person can see that these terms do not encourage taxpayers to get right with the IRS.


When a taxpayer gets behind on tax payments, he almost always gets way behind. It is rare to find someone who is only one year in arrears. It is likely that most people who miss paying taxes one year take the head in the sand approach. Fearing all kinds of trouble, they just ignore the situation. When the next year rolls around, they don't file again because they are worried about alerting the IRS. As a result, the amount of taxes due grows rapidly each year, particularly when penalties and interest are added. The 20 percent requirement seems to serve no purpose other than to give people another reason to ignore the problem.


The offer in compromise was originally designed to get people back into the system, so that they could begin to pay taxes again. Studies and statistics showed that the government would collect far more in revenues over the years if taxpayers were given a clean start. For all practical purposes, the new 20 percent rule conflicts with this purpose and hurts this program. Taxpayers who are under an IRS wage garnishment are already suffering from reduced income. It will be much more difficult for them to reach a solution because they presumably won't have the 20 percent to even make an offer to settle with the IRS.


It would be wise to write your Senators and Representatives in Congress if you don't approve of this new law.


Greg Roy has experienced the financial pain of an IRS wage garnishment first hand. To learn more about negotiating with the IRS and getting a wage garnishment released, visit his website at http://IRS-wage-garnishment.com.



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