What are the Chances that your Income Tax Return will be Audited?

For the vast majority of taxpayers, there is not much need to worry that you will be audited. In 2016, only 0.6% of individual income tax returns were audited according to the IRS 2017 Data Book. Why? For starters, the IRS budget has been cut resulting in more than 2,200 fewer agents available to audit returns. However, the “real” audit rate is closer to 7.o% as the IRS does not include the over [Read More]

Achieve Tax Resolution with an Offer in Compromise

An offer in compromise is the IRS’ tax resolution debt settlement program. It’s a program for taxpayers who owe the Internal Revenue Service more money than they can afford to pay. It’s the IRS’s version of a “fresh start” when it comes to tax debt. If approved, the IRS accepts a lesser amount (sometimes a fraction of what’s owed) to settle your debt. However, it isn’t always easy to gain approval due [Read More]

I’m In Tax Trouble, What Are My Options?

A letter from the IRS is rarely a good thing. One of the worst missives to get from the tax man is the CP90 – Final Notice Before Levy. It is a final warning shot to scare you into paying up and should not be ignored. After an IRS final notice, you could: Pay in full – but if you could afford to do that, you probably already would have done so. [Read More]

Do You Owe Back Taxes? Why You Should Stop Panicking and Start Planning

If you owe back taxes to the IRS, some amount of panic is understandable. After all, the Internal Revenue Service has the power of the federal government in its corner, something no other debt collector can claim. They are considered the most brutal collection agency on the planet. I used to not think so, but after having worked with them now for several years, I know this to be true. It is [Read More]

Dear Truck Drivers

Are you a truck driver with tax problems? Maybe you didn’t keep updated mileage and expense logs? Maybe you didn’t set anything aside for your 1099 tax debt? Or you just have questions regarding compliance . Here at Elite Tax Relief we help lots of truck drivers get in to tax compliance. Check out our video about truck driver tax issues

Tax Organizers for Everyone

Are you coming in to Elite Tax Relief to do your taxes?? If so here are some handy tax organizers that will help you get prepared and ensure that you have all necessary paperwork and information. Individual Tax Organizer Small Business Health Care Tax Credit S Corporation Tax Organizer Partnership Tax Organizer Moving Out/Expenses Organizer Mileage and Expense Log Organizer LLC Tax Organizer Sole Proprietor Tax Organizer Rental Property Income Tax Organizer Family [Read More]

Its TAX Season

Tax season is upon us once again. For some that means a huge headache and worry. Others look forward to that big refund check. Whether you need professional tax assistance for IRS problems or want to make sure you get the biggest return possible, swing on in and let us help you. Our tax professionals are here to assist!!! If you need a tax organizer for your documents to help you get [Read More]

Tax Season is almost here

It’s that time of year again folks. Tax season is upon us once again. It is time to start getting ready. Time to start getting all of your documents ready. Here at Elite Tax Relief we are gearing up to handle this hectic time of year. If you need a tax organizer sent to you, just let us know. We are more than happy to send you one via email. It has [Read More]

Fort Smith, Arkansas Tax Resolution Expert

Kenneth (Ken) Mullinax is a Fort Smith, Arkansas-based tax professional expert serving individuals and businesses throughout the United States. For six years, Ken worked for the IRS, enforcing tax laws and bringing taxpayers into filing and payment compliance. The more Ken worked with taxpayers, the more he knew his passion was not working for the IRS, but rather working for the troubled taxpayers in Arkansas and other states so they could have [Read More]

What is a Substitute for Return (SFR)?

If you haven’t filed tax returns in several years, maybe because you didn’t think you had to or maybe out of procrastination, or for a lot of folks, due to hardship, yet you are getting tax bills for some crazy amount you couldn’t possibly owe, then the IRS has filed those returns for you. This is called an SFR, Substitute for Return. The SFR lists income, calculates taxes, and adds interest and [Read More]