08th March 2011
What is a CP 11?
A CP 11 is a “changes to tax return, balance due" notice from the IRS. Basically, it’s the IRS telling you that you have been audited and that they believe that you owe more money. This IRS tax notice is essentially a bill, telling you...
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04th March 2011
Tax Myth 1: The IRS will not notice if I do not file.
In the age of computers, this tax myth could not be further from the truth! TaxMasters has dealt with numerous cases where people mistakenly believed the IRS would somehow miss the fact that they di...
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03rd March 2011
What is a CP 90?
A CP 90 is an IRS tax notice that gives a final warning of intent to levy and notice of your right to a hearing.
What does CP 90 mean?
It means that the IRS can take your money from your bank, apply liens to all property you own,...
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25th February 2011
What is a CP 91?
Similar to a CP 90, A CP 91 is a final notice before the IRS puts a levy on your social security benefits. Basically, the IRS is letting you know that they will be taking money out of your social security benefits to pay off the taxes ...
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25th February 2011
What is a CP 88?
A CP 88 is a Delinquent Return Refund Hold notice from the IRS. It means that you were going to receive a return from the most recent tax year, but the IRS won’t pay it because you have not filed a tax return and you may owe money from...
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25th February 2011
For one reason or another, many people end up with either late tax return filing issues or unfiled tax returns. If you are late filing your tax return, it is VERY important to go ahead and file. Not filing tax returns leads to tax debt.
Penalties for n...
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25th February 2011
Tax relief companies are a great option for anyone looking to settle any outstanding issues with the IRS. Unfortunately, in the tax relief industry, there are companies that look to prey on customers in a desperate tax situation. Obviously looking for a t...
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20th February 2011
Have you ever done your taxes, and found out after the fact that you had missed an opportunity for a deduction? In this blog we will be discussing three tax deducting tips to save you money. A person’s income tax is affected by their level of tax deductio...
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18th February 2011
Have you been effected by a garnish of wages? It is the process of deducting money from an employee's salary. The garnish of wages will continue until the entire debt has been repaid. One of the biggest garnishments is from not paying taxes. Wage garnishm...
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16th February 2011
Paying the IRS is one of the least exciting activities of the year, and almost everyone looks for ways to spend as little as possible when April 15th comes around. There is something about finding that one special hard-to-find deduction that just makes us...
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03rd February 2011
TaxMasters, Inc., the only publicly traded tax representation firm in the U.S. focused on helping people regain compliance with the IRS and pay their outstanding tax debt, is looking for customer-focused, capable Financial Analysts in Houston, Tx. Tax Mas...
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19th January 2011
TaxMasters, Inc., the only publicly traded tax representation firm in the U.S. focused on helping people regain compliance with the IRS and pay their outstanding tax debt, is looking for customer-focused Tax Preparers in Houston, Tx. Tax Masters leads the...
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12th January 2011
2010 was a great year for Tax Masters Racing, a small road-racing team based in Houston, Texas. It marked the team's entry into the Patron GT3 Challenge sponsored by Yokohama, which features Porsche racing at venues all over the United States. The team wa...
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12th January 2011
2010 has been a productive year for TaxMasters, Inc. (TAXS). The year ended with employees pulling together to contribute over 150 gifts to 75 children in the Houston area who might not have received a gift for the holidays otherwise. Tax Masters was just...
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22nd December 2010
As 2010 ends and the economy appears to still be in a holding pattern, it is clear more people will face tax problems in 2011 than ever before. The U.S. Treasury is facing a conservatively estimated $300 billion tax gap annually and the IRS continues to r...
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