Bob Jablonsky's (bob_jablonsky) Blog

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Education & Training - Bob Jablonsky & Associates
RECENT BLOG POSTS
What To Do If You Receive the Final Notice of Intent to Levy From the IRS?  I’m continuing to meet with more clients who have felt the IRS step up collections over the past few months.  A few months ago, we were seeing the IRS sending the CP504 notice.  That notice gives the IRS the ability to fi...
10/08/2021
Unfortunately, real estate agents and other small business owner’s and independent contractors sometimes find themselves in a situation where they owe the IRS.  This can be a result of not making estimated tax payments timely or as the result of an unfavorable audit.  Whatever the reason, you sho...
09/06/2021
In a previous blog, I mentioned that as a Real Estate Professional, you file Schedule C, the Tax Form that is the form most audited by the IRS.  The IRS has found that Schedule C’s contain a large number of errors compared to other forms and finds that they are very successful with audit changes ...
08/01/2021
Many taxpayers who owe the IRS believe that they will owe the government forever.  However, that’s not true.  The IRS only has 10 years to collect a tax debt once the tax is assessed, assuming that there are no actions taken by the taxpayer to stop collections.  It is also known as the Collection...
07/19/2021
As a Real Estate Professional, did you realize that you are required to complete a Tax Form  that is the form most audited by the IRS?  That’s right, as independent contractors, most Real Estate Agents file a Form Schedule C.  The IRS has found that Schedule C’s contain a large number of errors c...
07/06/2021
When a Taxpayer owes the IRS, one of IRS's most powerful tools is the Notice of Federal Tax Lien (NFTL).  In this article, we’ll discuss some actions you as a taxpayer can take if the IRS is threatening you with an NFTL.  Six Options for a Taxpayer under Threat of an IRS LienHere are a six option...
06/21/2021
As a Tax Professional, your Tax Professional should be able to provide advice on deductions that are available to Real Estate Agents and Brokers.  However, they don’t know what is going on daily in your business and what deductions you are entitled to.  Unless you are able to properly track their...
06/07/2021
Every year, millions of taxpayers don’t file their Federal income tax return on time even though its rarely a good idea.  Why does that happen and what are the consequences of not filing a tax return? Why don’t Taxpayers file timely?There are a number of reasons that taxpayers don’t file their ta...
05/17/2021
Most real estate sales involve the selling of personal residences.  The question of whether the profit on the sale is taxable often not only comes up to me as a tax professional, but I also find that Realtors get that question as well from potential sellers.  Today, we’ll touch on the general rul...
05/01/2021
The IRS has recently began sending out a barrage of CP504 Notices to Taxpayers with tax debt.  It is typically sent by Certified Mail and states Notice of Intent to seize (levy) your property or rights to property.  It’s an important notice for several reasons that I’ll outline below:  The IRS ha...
04/19/2021