Premiere Tax & Accounting

08/29/2019

Tax Deadline Alert: On September 16th, there are a number of deadlines hitting for individuals and businesses. Third quarter estimated tax payments are due, and 2018 returns are due for corporations, trusts and partnerships who requested extensions.

Now is the time to be wrapping up those details, if you haven't already. Call us for help!

08/28/2019

Ever wonder what the IRS does with property they seize to cover individual tax debt? They sell it of course -- they're only interested in the cash needed to pay off tax bills.

And that can mean good deals for anyone looking to buy. Check it out!

Arizona home to be auctioned to pay federal tax debt. I've seen a lot of estate sale signs lately. Either it's an indication of the changing demographics of my part of Austin or folks are trying to fancy up their garage sales. An estate (or renamed garage) sale basically is a way to dispose of most....

08/27/2019

Three New Tax Implications for Buying or Selling a House in the Palmdale, CA Area

The tax implications for selling a house, or buying one, can vary greatly. Be sure to consider these three new tax implications whether you're selling or buying.

06/16/2017

Beware of New IRS Phone Scam-Targets EFTPS Users

The IRS is warning people to beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), where fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country, so taxpayers should be alert to the details.
In the latest twist, the scammer claims to be from the IRS and tells the victim about two certified letters purportedly sent to the taxpayer in the mail but returned as undeliverable. The scam artist then threatens arrest if a payment is not made through a prepaid debit card. The scammer also tells the victim that the card is linked to the EFTPS system when, in fact, it is entirely controlled by the scammer. The victim is also warned not to contact their tax preparer, an attorney or their local IRS office until after the tax payment is made.
EFTPS is offered free by the U.S. Department of Treasury and does not require the purchase of a prepaid debit card. Since EFTPS is an automated system, taxpayers won’t receive a call from the IRS.

02/15/2017

IRS is on the hunt for padded tax deductions, will add penalties, and in some cases, can even prosecute. Can you be aggressive but within the law?

01/30/2017

List Of Tax Documents Needed For Tax Returns

01/27/2017

Want to avoid an audit? Steer clear of these tax mistakes.

09/15/2016

IRS Increases Fees for Installment Agreements Effective January 1, 2017

The IRS has announced revised user (processing) fees for Installment Payment Plans effective January 1, 2017 with a new lower fee for Direct Debit online payment agreements.

The new fees for installment agreements are:
1.Regular installment agreement (submitted in person, over the phone, or by mail) – $225.
2.Regular installment agreements with direct debit to taxpayers bank account – $107.
3.Online installment payment agreement – $149.
4.Direct debit online installment payment agreement – $31.
5.Restructured or reinstated installment agreement – $89.
6.Low-income rate (for those that qualify – $43.