Martin Cantu, EA - Tax Consultant - Tax Relief Services Blog

  Is Your "Tax Debt" Weighing You Down? Why 2026 is the Year to Clean the Slate If you have unfiled tax returns from 2023, 2024, or earlier, it’s easy to feel like the safest move is to stay under the radar. But in the current 2026 tax landscape, the opposite is true. Between new IRS technology and the permanent shifts from the One Big Beautiful Bill Act (OBBBA) , the "wait and see" strategy is becoming increasingly expensive. Here is why now is the absolute best time to get caught up: 1. The "Statute of Limitations" Clock is Ticking You generally only have a three-year window from the original due date to claim a tax refund. If you didn't file for 2022, you are approaching the final deadline to claim any money the government owes you. Once that window closes, that money belongs to the IRS forever. 2. New IRS "Digital Eyes" In 2026, the IRS has fully deployed its advanced AI data-matching systems. They are now faster than ever a...

  Preface – COVID changed many things for many people – working from home and staffing shortages among them. Now, as employers are living in a post-COVID world, things are getting back to normal. Workers are returning to their offices and staffing levels are back at normal levels.  This also holds true for the IRS. Their staffing levels are back at pre-COVID numbers, and they are finished processing the incredible back-log of returns they’ve had for the last couple of years. This means that Collection letters are back, as well as stepped-up compliance enforcement levels.  Be proactive and contact me today to get in front of your IRS issues.  As the old adage goes, there are only two things certain in life: death and taxes. For many taxpayers, however, the latter can be a source of significant stress and anxiety. This is particularly true for those who find themselves with delinquent tax accounts, facing the prospect of penalties and interest charges that can quickly...

  If you're an independent consultant, you know how important it is to keep your tax obligations and deductions in order. Navigating the complex world of taxes can be overwhelming, but fortunately, there are steps you can take to minimize your tax liability and maximize your earnings.   Our comprehensive guide " Mastering Consultant Tax" is designed to help you do just that. In this guide, we cover everything you need to know to stay compliant with IRS regulations while minimizing your tax burden. Here are some of the highlights:   Defining Independent Consultants   We begin by defining what we mean by independent consultants. We explain the difference between independent contractors and employees, and discuss the IRS standards for determining which category you fall into.   Tax Obligations   We then dive into your tax obligations as an independent consultant. We explain the different types of taxes you may be responsible for, includi...