EA Tax - Blog

   IRS Offer in Compromise - the tax settlement program. You may have heard on the TV or radio advertisements that companies can settle back taxes for pennies on the dollar. This may sound to good to be true, and for most it is, but not for those who qualify. This program works and I can say from...

The #1 way to save taxes as a business owner or independent contractor. The #1 question I get from business owners or independent contractors who my office in Orange County, CA is how do I save on taxes. Well the answer is quite simple, track your expenses! The process is not difficult once set u...

 As a homeowner you will want to be sure maximize your tax deductions, this video lists most of the documents you will need to prepare your tax return as a homeowner. Since tax season is just around the corner, I thought this video would be a good refresher for homeowners. Anthony Fontana EA800-2...

IRS First Time Penalty Abatement. The IRS has a little-known secret called the First Time Penalty Abatement. There is no need to explain the reasons why you either filed late or didn’t pay the taxes on time, all you need to do is call and request the abatement. If you qualify for the IRS First Ti...

The IRS Offer in Compromise ProcessAt our office in Orange County, CA we help clients with their back taxes, and understanding the IRS offer in compromise process to ensure a successful offer. As you can imagine, the process to settle your tax debt with the IRS for less than you owe through the I...

 Just how does an S-Corporation save tax? Simply put its by avoiding your income from being subject to Social Security and Medicare taxes, which is 15.3%. Check out thee video just exactly how this works.  Anthony Fontana EA800-245-0596www.eataxresolutions.com4630 Campus Dr #203Newport Beach, CA ...

Check out my video I made for some clients to learn what closing costs are tax decutible when buying a rental property. Not only do my clients need to know that closing costs are deductible for your rental, but this serves as a great reference for tax professionals too! Enjoy! Anthony Fontana EA8...

IRS Offer in Compromise has finally been accepted after about a year and a half ! Client's original tax debt of $131,894 was just settled with IRS for $3,638! The IRS offer in compromise may sound to good to be true, but it isn't, this program works to settle tax debt. To see if you or someone yo...

At our tax office in Orange County, CA we represent clients before the IRS to help them with tax compliance and to resolve their back tax debts. One of those options is the uncollectible status or the Currently Non-Collectible Status, CNC. What is the Currently Non-Collectible Status, CNC?The CNC...

Tax Debt Options – Currently Non-Collectible, Offer in Comprmise, or Installment Agreement. When clients come to our office in Orange County, CA for with tax debt, we first make sure they are tax compliant, then discuss options to resolve their tax debt. We start this process by learning about th...