Bob Jablonsky's (bob_jablonsky) Blog

Some Real Estate Brokers and Agents elect to file taxes for their business as an S-Corporation.  How do you make that election?  To do so, you'll need to complete form 2553.  In this video, I walk you through the steps to completing Form 2553.  https://youtu.be/HeIqbwMlSTMIf you a Real Estate Age...

At presentations that I give to Real Estate Agents, I often get a question of the benefits of setting up an LLC/S-Corp for the business.  There are potential tax benefits to having the S-Corp structure for your business versus filing on a Schedule C, but there based on the state you are in and ho...

I have taxpayers come in who may not have filed taxes in years but now have the IRS attempting to collect from them.  They want to know how this could happen.   Watch my You Tube video to learn even more on this topic - https://youtu.be/W-L3Irb0zVM So, How Does This Happen?Often what has happened...

The IRS has an incredibly powerful tool at their disposal - The Levy! When a taxpayer owes the government and the IRS follows proper proper procedures, they have the ability to levy the assets of the taxpayer along with rights to income flows such as wage garnishments. Wage garnishments are espec...

In previous articles I've explained how to get a Notice of Federal Tax Lien (NFTL) withdrawn and won't cover that again today.  While removing a levy does not necessarily mean that you no longer owe the IRS (unless you've paid the amount owed in full_, when the NFTL is withdrawn, the IRS no longe...

Did you know that there are estimated to be over 20 million taxpayers that are either in some stage of the collection process with the IRS or are believed to be non-filers (and who also owe the IRS)? Unfortunately, if you don't solve your tax problems timely, you can expect levies, liens, and a g...

Did you know that when a business hires an employee and becomes responsible for payroll taxes, not only is the business responsible, but the owner(s) and others considered to be "responsible persons", may be personally liable to the Federal Government for the Trust Fund portion of payroll taxes?...

We are seeing a lot of taxpayers being assessed IRS penalties due to Late Filing and Late Payment of Taxes.  Taxpayers often want to reduce or remove these penalties but don't know what steps to take.  The two main methods are using the First Time Abatement (FTA) or Reasonable Cause Options.  In ...

As a small business owner, have you considered hiring your children?  If not, perhaps that is something you should consider.  Hiring your children can help in a number of ways, including helping you to free your time for more important activities, giving your children an opportunity to gain valua...

When you owe the IRS, you’ll receive a number of notices.  Each of these notices provides you with information including where you are at in the collection process, the risks you face, but also some include opportunities and rights that give you an opportunity to resolve your IRS problem more eff...