The Tax Relief Company

09/23/2025

What scares taxpayers most when they owe the IRS over $50,000?

When you owe the IRS more than $50,000, the collection process usually starts with a series of notices demanding payment.

Ignore those letters, and the IRS will escalate — that can include seizing assets, garnishing wages, levying bank accounts, and even certifying your debt to the State Department (which can lead to passport denial or revocation).

For debts exceeding $50,000, the IRS can intensify its collection efforts through more thorough scrutiny and actions.

The IRS may require a detailed financial disclosure to investigate your income, assets, and expenses before considering any payment plan. If you don’t resolve it, the agency can file a Tax Lien and a Tax Levy.

Don’t wait — contact a tax professional to protect yourself.

01/28/2025

TODAY'S TAX TIP -

Taxpayers should be aware of gift card scams and take steps to protect themselves.
Scammers may target taxpayers by asking them to pay a bogus tax bill with gift cards.
Please remember that the IRS never asks for or accepts gift cards as payment for a tax bill.

10/28/2024

🛡️ 💻 Protect Your Identity: Sign Up for an IP PIN Before Tax Season 2025

🗓️ As tax season 2025 approaches, the IRS encourages all taxpayers to safeguard their identity by enrolling in an Identity Protection Personal Identification Number (IP PIN).
• This vital tool helps protect against tax-related ID theft.

Why You Need an IP PIN:
• An IP PIN prevents others from filing a return using your Social Security number. It's easy to get.
• Just sign up through your IRS Online Account.

Enroll before November 23, 2024, to securely file in 2025.

What is an IP PIN?
• It's a six-digit number used to verify your identity when filing taxes online.

The IRS issues a new IP PIN each year—you'll need the new number in January 2025.
• Spouses and dependents can also get IP PINs.

How to get your IP PIN:
• Create or log in to your IRS online account on the IRS website.
• Verify your identity as prompted.

To Request Your IP PIN:
• Click the profile tab to get your IP PIN.

Additional Information:
• Each IP PIN is valid for one year and is needed for all federal tax returns.
• Keep your IP PIN private; share it only with the IRS or your tax preparer.
• If you haven't experienced identity theft, you can opt out anytime via your online account.

Protect your identity by enrolling today for peace of mind during the 2025 tax season!

10/22/2024

✉️ 😀 Imagine the thrill of a taxpayer opening an envelope from the IRS and discovering their offer has been accepted.

🐼 😅 It's like a wave of relief washes over them, akin to the excitement of seeing the beloved pandas finally arriving from China after much anticipation.

Just as folks come together to celebrate the pandas' arrival, sharing in the joy and wonder of these adorable creatures, taxpayers experience a surge of happiness, knowing that their tax burden has lessened and they can move forward with renewed hope. One client said, " Jeff Schneider was the professional we needed."

Both moments, one rooted in tax stress and the other in joyful celebration, highlight the profound emotions tied to change, whether lifting a financial weight or the arrival of a beloved species; both provide a sense of happiness and a shared sense of achievement.

If you're overwhelmed by back tax problems, there is hope.

Contact Jeffrey Schneider, EA, CTRS, at The Tax Relief Company; he's here to help you resolve your tax troubles and reclaim your peace of mind! https://thetaxreliefco.com/contact/

02/20/2024

IRS Gears Up: Notice Issuing Resumes! 📢

I'd like to share an update on the IRS collection letters with those of you dealing with tax problems.

They've announced they're beginning to send out reminder collection notices and letters again, which they had stopped during the pandemic.
📪 So, keep an eye on your mailbox because you might receive one if:

🔥You've got some tax debt hanging around from before the 2022 tax year, or if your business, nonprofit, trust, or estate owes taxes from before 2023💰.

The good news is the IRS wants to make this transition as smooth as possible for everyone.

They're going to send out a special letter called "LT38, Reminder, Notice Resumption" to give you a heads-up about any tax liability you might have. This letter will also tell you how you can get in touch with the IRS to chat about your tax bill and how to sort it out.

Moved recently? Don't sweat it! update your address with the IRS complete form 8822.

It's super important not to ignore these notices if you have a tax problem. Getting one means it's a good time to reach out to your Enrolled Agent, Jeffrey Schneider, EA, CTRS, ACT-E for help. Let's keep those tax woes at bay together. 😊

09/22/2023

🎉 Happy ! 🎉

Let's celebrate the incredible dedication of women entrepreneurs today! 🙌💼

But wait, don't forget your payroll taxes! 😅💸

Honoring their hard work includes staying tax-savvy. 💪

What happens if you don't pay taxes on time? 🤔

Delinquent filing or back taxes can lead to penalties and interest charges! 😱💰

Let's avoid that, shall we? 😄

Compliance with tax requirements = a successful business! 💼💰

Support businesswomen!

"If you have a business or personal issue with the IRS, I'd strongly recommend Jeff Schneider and his team at The Tax Relief Company.

Jack Harrel, Stuart, Florida"

Need expert guidance? Contact Jeffrey Schneider, EA, CTRS, ACT-E at https://thetaxreliefco.com/contact/ 📞💼

04/05/2023

Are you worried about whether the IRS is investigating you? 🧐 Here are some things to look out for:
You receive a letter or notice from the IRS about an audit or examination of your tax return. This is usually the first sign that the IRS is looking into your tax situation.

✓ You notice unusual activity on your bank or credit card statements that you can't explain.

✓ You are contacted by an IRS agent who wants to discuss your tax situation. The IRS will never call or email you to demand immediate payment or threaten legal action without sending a written notice.

✓ You are notified by your employer or financial institution that they have received a levy or garnishment order from the IRS. 🆘

✓ You are contacted by someone claiming to be an IRS agent who asks for personal or financial information, such as your social security number or bank account details. The IRS will never ask for this information over the phone or email.

If you experience these signs, it's essential to take them seriously and seek professional advice from a Certified Tax Resolution Specialist and Enrolled Agent like me, Jeffrey Schneider, EA, CTRS.

Remember, the best way to avoid an IRS investigation is to file your taxes accurately and on time and to keep good records of all your income and expenses.

I hope this information is helpful! If you have any questions 🤨 or concerns, please don't hesitate to reach out.

04/04/2023

Attention taxpayers: if you're struggling with tax issues and need help, I wanted to share a recommendation with you. The Tax Relief Company, headed by Jeffrey Schneider, EA, CTRS, is a reputable firm with years of experience providing tax relief services. Schneider is an experienced tax professional dedicated to helping taxpayers resolve their tax problems and not suffer IRS bullying. 🤩

What sets The Tax Relief Company apart is its commitment to transparency. 🤔We disclose our fees upfront and are clear about what services we will provide before you retain us. This means you can make an informed decision about whether or not to use our services.

If you're interested in learning more about The Tax Relief Company and how they can help you, I encourage you to visit their website, www.thetaxreliefco.com, or call us. 🕵🏻

Don't let tax issues cause undue stress - reach out to The Tax Relief Company today!

04/02/2023

Here is some food for thought this Suday afternoon.

A Qualified Tuition Program, otherwise known as a 529 plan, allows you to set money aside toward a child's future higher education expenses. The earnings accumulate tax free while in the account and distributions aren’t taxed when they’re used to pay for qualified higher education expenses.

Learn more from the : http://ow.ly/TH4i50NphVP