Timothy J Sullivan CPA LTD

09/26/2024

Subject Line: Huge Announcement!

Dear Clients and Friends:

Timothy J Sullivan CPA Inc is now helping taxpayers get IRS tax relief!

IRS problems are a very personal type of problem and people often do not know where to turn for help, especially during times like these.
Many people just live with their back tax problem for months and sometimes years, assuming that nothing can be done about it. It is easy for good, hard-working Americans to fall behind. Providing IRS Tax help was a natural evolution for Timothy J Sullivan CPA Inc.
I have come across many people who have tried to handle their IRS situation themselves (or with their current CPA or person who prepared their taxes) but did not receive the relief they were seeking.
I know the “ins and outs” of the tax system and can negotiate a personalized solution for you.
Timothy J Sullivan CPA Inc now handles IRS representation services which include Preparation of Unfiled Income Tax Returns, Penalty Removal or Reduction, Offers in Compromise, Payment Plans, Financial Hardship Plans, Wage Garnishment/Bank Levy Releases, Audits, and IRS Appeals.
I will listen to your IRS difficulties in complete confidence at NO CHARGE. I will answer your questions, explain your options, and suggest solutions and provide you with a written estimate of our fees to permanently resolve your IRS difficulties.

Reply to this email or call me (813) 967-8298 or (773) 877-4632, or send us a private message or check out our website at www.tjscpa1.com.

Dedicated to helping you,
Timothy J Sullivan, CPA

12/26/2023

Not sure if anyone is (can) selling their home (unless you live in a warzone like Chicago).

Tax Tip 2023-81 June 14, 2023 — Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return.

12/26/2023

https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant

Use the EITC Assistant to see if you're eligible for this valuable credit, calculate how much money you may get and find answers to questions.

12/26/2023

https://www.irs.gov/charities-non-profits/tax-exempt-organization-search

Search information about a tax-exempt organization’s federal tax status and filings.

12/26/2023

https://www.irs.gov/privacy-disclosure/report-phishing

Report phishing and scams. Find out what to do If you receive unsolicited communications claiming to be from the IRS.

12/26/2023

https://www.irs.gov/newsroom/irs-reminds-those-aged-73-and-older-to-make-required-withdrawals-from-iras-and-retirement-plans-by-dec-31-notes-changes-in-the-law-for-2023

IR-2023-246, Dec. 20, 2023 — The Internal Revenue Service today reminded people born before 1951 of the year-end deadlines to take required minimum distributions (RMDs) from funds held in individual retirement arrangements (IRAs) and other retirement plans, and noted new requirements under the law...

12/26/2023

https://www.irs.gov/newsroom/irs-issues-standard-mileage-rates-for-2024-mileage-rate-increases-to-67-cents-a-mile-up-1-point-5-cents-from-2023

IR-2023-239, Dec. 14, 2023 — The Internal Revenue Service today issued the 2024 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

12/08/2023

https://www.theepochtimes.com/us/irs-issues-warning-to-americans-about-emerging-tax-season-scams-5542230

The IRS issued a new warning to both tax preparers and taxpayers.

11/04/2023

https://www.accountingtoday.com/news/irs-increases-401k-limit-to-23-000-ira-limit-to-7-000-in-2024

The service issued its annual adjustments for retirement plans, with some reflecting changes in the SECURE 2.0 Act.

09/06/2023

https://www.journalofaccountancy.com/issues/2023/sep/passive-loss-limitations-on-rental-real-estate.html

Taxpayers can recognize losses, but only in the circumstances discussed.

09/06/2023

https://www.accountingtoday.com/opinion/ein-related-red-flags-trigger-tax-audits

As an auditing professional, it's vital that you detect any discrepancies in business tax reports and either try to rectify them or report them to the IRS.

09/05/2023

The convenience of having an in-home caregiver for your kids comes at a premium price and with considerable tax ramifications.

The convenience of having an in-home caregiver for your kids comes at a premium price and with considerable tax ramifications. https://www.theepochtimes.com/bright/how-to-deal-with-nanny-taxes-5485910?utm_medium=Social&utm_source=truthsocial