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

Just a quick note to you to remind everyone that the earlier I can get into the game for you, the quicker we can have some success. Tax problems bear a remarkable resemblance to cancer, something many people can relate to and understand more than cancer. Not to trivialize cancer - its a horrible disease and my prayers go out some many friends, clients and family members that deal with this disease. Just like cancer, early in means early success. The later it goes the harder it gets to extricate yourself from the mess. It really paints you into a box and leaves you with few options. Yes, the medicine can be tough, but once you get past that you'll find the road open up with more choices and the added benefit of relief. We can help you with #IRSgarnishments, #IRSlevies, #IRSaudits and other tax issues. Take the first step and give us a call today. #AustinTaxHelp #SATaxHelp

We're back in Austin after a 4 year hiatus! We opened our office at 7000 n. Mopac at Far West. We strive to help taxpayers dig out of their IRS tax problems - one step at a time. Please visit our new Austin website - www.austin-tax-help.com . Time after time we hear from clients about the sense of relief we provide. From our expert advice about how to stop the IRS train to our fixed fee and installment fee agreement - let us show you the difference we can make. Our main office remains in San Antonio where will continue to help San Antonians and south Texas with a higher quality of service. #Austin-Tax-Help #SATaxHelp

Texas has a great reputation on the national scene as to taxes.  What you don't hear about is the wide net that the Texas Comptroller throws on businesses. Didn't think you taxes in Texas because we don't have taxes in Texas? Wrong! Don't take this the wrong way - I'm not criticizing the Texas Comptroller. They do a great job with the resources they have. I do wish they were a little more accomodating to taxpayers, but for the most part they do a great job. No, the burden is on the business taxpayer. Its up to you to determine what you may owe and what you need to do to handle compliance duties. Here is a great primer at the T exas Comptroller website that may help you get started.   Need more info? Contact us here .

The IRS is changing the way some Sub S shareholders are taxed. The change depends on the shareholders level of activity in the business. The IRS will now charge passive shareholders a 3.8% tax. The tax is hidden - wait for it - in the Affordable Care Act. The IRS uses a number of factors to determine whether a shareholder is passive or active. The primary test is the number of hours the shareholder spends in the business, with 500 hours being the threshold level. Most S corps are made up of active shareholders, so this change will have no impact. The significance to me of this changes, is the continuing trend on shareholders/owners/officers etc to document another aspect of their business. Also lurking in the background are other changes that may be hidden in the Affordable Care Act that are not yet well publicized. Questions - contact tax attorney Martin Cantu and the staff at #SATaxHelp.com.

The IRS recently announced how it handle same-sex marriages as a result of the Supreme Court cases interpreting the Defense of Marriage Act. Here are a few bullet points on the IRS position. Keep in mind that as with all IRS rules and regulations, this new pronouncement is a two edge sword. That is to say, you may have reporting errors if you don't follow the rules. Ironically, this aspect of the new position is truly Equal Opportunity and Equal Treatment - be careful of what you want as you might get it! Here are the point: 1.   Under these new rules, same-sex marriages that are valid in the state where they were performed will be recognized for all federal tax purposes, even if the couple is domiciled in a state that does not recognize their marriage.  2.   These rules apply to income taxes, estate and gift taxes and payroll taxes related to employee benefits. 3. Here is an example of "gotcha" from Uncle Sam - As a result, beginning with the 2013 tax y

Sometimes events coincide and you have one of those "Ah ha" moments. Well, I had last week. Let's set the scene. Recently the IRS launched an initiative against small business where the IRS questions if the small business has reported all of their income. The IRS sends out letters with the heading "Notification of Possible Income Under reporting."  It notifies the business owner "your gross receipts may be under reported" and says they must complete a form "to explain why the portion of your gross receipts from non-card payments appears unusually low." The Forbes article goes into more detail about the initiative, and the response from the business community . This on the heels of a report that the IRS is using social media as a way to monitor the spending habits of suspected tax cheats. Now the third leg of the stool - I spoke with a colleague recently who recounted how the Texas Comptroller's Office BART unit instigated a sal

Hey Eagle Ford workers - don't let the IRS garnish your paychecks! Taking action now - not later - right now, insures that you can keep more of that hard earned overtime dollars. The IRS does not care how many hours you put in or that it was over 100 degrees while you were putting in your time. Here are a couple of things that we can do to help - so keep them in mind: 1. While we can't stop the garnishment immediately, I can have the IRS fax your payroll office a notice to stop the garnishment. 2. The IRS will issue this notice as soon as you've entered into a payment agreement. 3. You must file any back year tax returns before you can enter into an installment agreement. We deal with this all of the time and have a plan of action for you to take care of this issue painlessly. The biggest service we provide to you is getting this huge gorilla off your back. The sooner you act, the sooner you can begin to enjoy more of your paycheck. Call San Antonio Tax Attorn