adelmesaaa09 asked:

Your federal return will cost you nothing when you file with our easy-to-use software! Once you are finished, we can begin your state return immediately, with conversion of your info from the federal to the state paperwork! Maximize your rebate with a tax refund estimate calculator- and be sure its all correct with our 100 accuracy guarantee. Get IRS tax tips, expert advice and more!

Bill D asked:


Any tax attornies out there? I haven’t filed taxes in five years. I think I owe about $25,000. Whats the best course of action? Can I negotiate it down? I had a nervous breakdown about 2 years ago and gave about $30,000 away to the homeless (the actual homeless, not documented homeless charities). Unfortunately that was the money I had planned to pay the IRS with. I’m trying to rebuild my life and I’m afraid to go to the IRS on my own. Any suggestions?

Matt K asked:


I’m waiting for the IRS to confirm receipt of my electronically filed return that I filed using Turbo Tax. I have to file form 8453-OL, but right now, Turbo Tax does not give me the option to print it.
Do I only get this option once the IRS confirms?

mystri asked:


2008 tax relief stimulus checks – I’ve now heard at least 3 or 4 different dates that the government will be sending out these rebate checks. The latest info I heard was on the radio this morning and they said that May 9th would be the day for those who filed electronically. Sometime in June will be the date for those who did not file electronically. I could really use the money and I wondered if anyone actually knew the truth about when to expect the payment.

ExpressTaxLane asked:

Express Tax Lane® (ETL) enables you to offer popular, fast refund tax return services without becoming a tax expert. Express Tax Lane is designed for simple short form (1040A) or 1040 with Schedule A tax clients. Just log on to the ETL website, ask your client some simple questions in a web-based interview format, fill in the blanks, gather some basic documents, and electronically submit the tax return to the processing center. Our staff of licensed and highly-trained tax preparers will review and prepare the finalized return and transmit it to the IRS and state tax agencies (where applicable.)

Once the tax return is approved, you print your clients refund check and you’re done. Since your fees and our fees are deducted directly from your client’s tax return, there are no payment transactions to manage. It’s that simple. Give us a call or go on our web site.
www.expresstaxlane.com

Mansi Gupta asked:


It’s possible to settle your IRS tax debt, but it presents a challenge. Proving you can settle your tax debt for less is a daunting experience. You have to contend with pages of IRS paperwork rife with technical terms. Settling tax debt is indeed a reality and it can be done. However, there’s a lot you need to know before you attempt to settle your IRS tax debt.

Rebuking the Lies – There are many rumors about settling IRS tax debt all over the web. While it is true that some people have settled their IRS debt for extremely low amounts, only a small percentage of people can qualify for very low IRS settlement offers. And only people who display desperate situations can have their IRS debt settled for “pennies on the dollar.”

Another misconception is that you can choose any IRS settlement amount and the IRS will approve it. It’s not that simple. In fact, it’s not simple at all. You have to submit Form 656 Offer in Compromise. You will have to detail your entire financial situation to the IRS. They will determine if the offer you send is fair or not, based on your income and assets. If your income and assets exceed the amount of your offer, your offer will be denied.

The Benefits of Settling Your Tax Debt – The first and obvious benefit of settling your IRS tax debt is saving money. IRS tax debt settlements have the potential to save you thousands of dollars. Secondly, IRS settlements quickly take care of your tax debt. When you choose to pay your IRS debt in monthly payments, penalties and interest continue to accrue on the account. But when you actually settle your IRS tax debt, the tax debt does not continue to grow. It is paid off in a “lump sum”. By comparison, paying monthly will make you feel like there’s no end to your tax debt problem.

Qualifying for IRS Settlement – Not everyone will qualify to settle their IRS tax debt. The IRS is going to weigh your finances very carefully. They need to know your gross income amount. Next they will look at the amount of money in your bank account, and the value of every single asset you own. If any of these amounts are the same or exceed your total IRS tax debt, you will not be approved for an IRS settlement.

Applying for an IRS Tax Debt Settlement – In order to “apply” for an IRS tax debt settlement, you need to file Form 656 Offer in Compromise. It will help you to include any documents supporting why you need IRS settlement. You can show them your income has dropped significantly, or that you’ve lost your assets, or anything else pertinent to your “desperate situation”.

You must double check to make sure you have filled out everything as fully as possible and signed the form. Leave nothing blank. If you make a mistake, your IRS settlement will be denied. You have to include a 20% settlement with your offer. So make sure you do it right, because the money is non-refundable. There is much riding on proper completion of Form 656 and the completeness of your supporting documents!

Getting Professional Help – You can try to fight the IRS “toe to toe” without any help. But you are not likely to succeed. There are too many laws and regulations that ordinary taxpayers simply are not aware of. So where do you start when it comes to settling your IRS tax debt? The best solution is a simple one. Consult with an IRS tax professional that will negotiate with the IRS for you. Having a tax professional on your side greatly improves your chances of winning and ultimately being approved for the IRS settlement!

mattbob345 asked:


I am a 21 year old college student who made $7,000 in 2007. My parents claim me as dependent on them when they file the taxes. Am I still eligible to receive an IRS stimulus tax return?