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🛠🎉 Happy Labor Day from IRSProb.com! 🎉🛠 On this day dedicated to hardworking individuals like yourself, IRSProb.com extends warm wishes for a well-deserved and relaxing Labor Day! 🌟💼 Your dedication to your craft is truly commendable, and we understand the importance of ensuring your financial journey aligns with your hard work. As you enjoy a day of rest, know that IRSProb.com is here to provide solutions for a worry-free financial future. Just as laborers lay the foundation for success, let's work together to craft a solid financial blueprint. Whether it's navigating tax challenges, resolving debt, or planning for the future, our team is ready to support you on your journey. Labor Day is a celebration not just of rest but also of your achievements. IRSProb.com takes pride in being a part of your financial success story. Let's continue this journey towards prosperity together. Take a well-deserved break, relax, and recharge. You've earned it! IRSProb.com is here to ensure your financial matters are in good hands, allowing you to fully enjoy the fruits of your labor. Wishing you a Labor Day filled with joy, relaxation, and the promise of a financially secure future! With gratitude, IRSProb.com Team Contact us today! 214.214.3000

As soon as they make "Negotiating with the IRS" an Olympic Sport?

Where Does Kamala Harris Stand on Taxes? Vice President and presumptive Democratic presidential nominee Kamala Harris has a history of supporting more substantial tax increases on businesses and individuals compared to President Biden. While both have targeted their proposed tax hikes at businesses and high earners, key differences in their past tax ideas highlight where Harris may take her tax policy platform in the 2024 campaign.  Key Questions for 2024   1.  Will Harris double down on more aggressive tax increases than President Biden? 2.  Is Harris open to stepping away from Biden’s $400,000 tax pledge? 3.  How would a President Harris approach the Trump-Biden tariffs levied on China and other trading partners? Additionally, Harris will need to clarify her stance on the upcoming expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and address the unsustainable trajectory of the federal debt.  Harris’s Tax Proposals in the Past   In her 2020 campaign and as a senator from California, Harris proposed multiple changes to the tax code, including: -  Raising the top marginal income tax rate on the top 1 percent to 39.6 percent. -  Implementing a 4 percent “income-based premium” on households making more than $100,000 annually to fund her version of “Medicare for All.” -  Creating a $3,000 refundable tax credit ($6,000 for married couples filing jointly) for low- and middle-income taxpayers (the LIFT Act). -  Raising capital gains tax rates to ordinary income tax rates, though it is unclear if this would apply only to a subset of taxpayers. -  Raising the corporate income tax rate from 21 percent up to 35 percent. -  Expanding the estate tax. -  Imposing a financial transaction tax (FTT) on stock trades at 0.2 percent, bond trades at 0.1 percent, and derivative transactions at 0.002 percent. -  Proposing $2,000 per person per month for pandemic relief in mid-2020, totaling about $21 trillion, one of the largest aid proposals. -  Creating a tax credit for rent payments for renters earning less than $100,000 and spending over 30 percent of their income on rent and utilities. Comparing Harris's Proposals to the Biden-Harris Administration While Harris’s campaign proposals often lacked detail, they shared similarities with the policies included in the fiscal year 2025 budget proposed by the Biden-Harris administration. However, key differences exist: -  Corporate Tax Rate:  Harris proposed a 35 percent rate, while the FY 2025 budget targets 28 percent. -  Capital Gains Taxes:  Harris was unclear on the application, while the FY 2025 budget targets individuals earning over $1 million. -  Medicare for All:  Harris proposed a 4 percent tax on incomes above $100,000, whereas Biden avoided such a proposal. -  LIFT the Middle-Class Act:  Harris's new refundable tax credit contrasts with the FY 2025 budget’s focus on expanding the child tax credit. see the entire article at: https://lnkd.in/gdNtjQjP

🚨 Tax Audit Alert: How Far Back Can the IRS (and Texas) Look? 🕵♂💼 Did you know the IRS can sometimes audit your taxes from 6 years ago... or even further? 😱 Our latest blog breaks down: • The 3-year rule • When it becomes 6 years • Situations with NO time limit • Texas state audit rules Don't get caught off guard! Learn how to protect your business and stay compliant. Read now: https://lnkd.in/dTZC5ipf #TaxAudit #IRSRules #BusinessTips #TaxCompliance #TexasBusiness

💰🆘 Struggling with taxes during tough times? You're not alone! Our latest blog post breaks down tax relief options for those facing economic hardship. Learn about: • Payment plans • Hardship extensions • Offers in Compromise Don't let tax stress overwhelm you. Discover how to navigate your tax obligations and find relief. Read more on our blog! 👉 https://lnkd.in/dWTjYrxu #TaxRelief #FinancialHardship #TaxHelp #IRSAssistance #MoneyMatters #FinancialWellness #TaxTips 🔍 Pro tip: Working with a tax professional can make all the difference in securing the best outcome for your situation!

🚨 Struggling with tax debt? Before considering bankruptcy, explore the benefits of hiring a tax relief professional! 💼 Here are 5 reasons why tax relief might be the better option: 1. Tailored Solutions: Get personalized strategies for your unique financial situation. 2. Avoid Long-Term Consequences: Protect your credit score and future financial opportunities. 3. Preserve Your Assets: Keep your valuable possessions while settling your tax debts. 4. Expert Negotiation: Benefit from professionals who know how to navigate IRS negotiations. 5. Comprehensive Guidance: Receive holistic financial advice to avoid future tax issues. Don't let tax stress overwhelm you! If you owe $10,000 or more in back taxes, contact IRSProb.com at (214)-214-3000 for a consultation. Let’s find the best path to financial relief together! 💪💰 #TaxRelief #BankruptcyAlternatives #FinancialWellness #IRS #TaxDebt #MoneyManagement #TaxProfessionals #DebtRelief #FinancialAdvice

📢 Discover how turning support payments into child care payments can qualify you for a valuable dependent care credit! Check out our latest tax tip to maximize your family's financial benefits. Follow the blog for more! https://lnkd.in/gP-jBwdM #TaxTips #FamilySupport #ChildCare #TaxPlanning

🚨 An Arkansas tree service business owner pleads guilty to underreporting over $3 million in income, resulting in nearly $1 million in tax losses. This case highlights the critical importance of accurate tax reporting and compliance. Stay informed and compliant! visit the link for more tax news and tips! https://lnkd.in/gwKanfDj #TaxFraud #IRSInvestigation #BusinessCompliance

💰 Did you know the IRS can keep your tax refunds if you haven't filed your returns in years? Learn how to navigate the complexities of reclaiming overpaid taxes and avoid losing your refunds. Stay compliant and file on time! 🕒 Follow our blog for more! https://lnkd.in/gRBH9kGr #TaxTips #IRSRefunds #TaxFiling #FinancialAdvice

🚨 Did you know? A guilty plea doesn't erase your tax liabilities! Salvatore Groppo learned this the hard way. Even after fulfilling his probation, he faced a hefty IRS bill. Always consult with a tax professional to understand the full scope of legal consequences! 💼Follow the link to our blog for more: https://lnkd.in/gqN9H6nX 📜 #TaxAdvice #IRS #LegalConsequences #BusinessTaxes #TaxPlanning #PleaDeal #TaxLiability