Fanta Kaba's (fantak) Blog

When it comes to taxes, nobody likes the idea of dishing out more than they need to. Unfortunately, misreporting business expenses or understating income is a common practice amongst taxpayers in Mount Laurel, NJ. To be clear, this is a practice that should be avoided at all costs. Not only can i...

As a taxpayer in Mount Laurel, NJ, you are required to make estimated tax payments throughout the year. Failure to do so can result in serious penalties and fees from the IRS. Let’s take a look at what happens if you fail to make estimated tax payments and how you can avoid it. Estimated Tax Pena...

As a taxpayer in Mount Laurel, NJ, you want to make sure you’re getting the most out of your tax deductions and credits. But claiming inaccurate deductions or credits can come with serious consequences. Here’s what you need to know about how they work, why it matters and how you can protect yours...

Have you ever received a notice from the IRS saying that you owe them money for unpaid taxes? If so, you're probably feeling panicked. After all, there's nothing more intimidating than the thought of having to pay back thousands of dollars in tax debt. Thankfully, there are several steps you can ...

Failing to file a tax return is a serious offense. If you are required to file and you do not, there can be severe repercussions. In this blog post, we’ll discuss the consequences of not filing your taxes, and why it’s important for taxpayers in Mount Laurel, NJ to take this seriously. The IRS ha...

Receiving a notice from the IRS can be startling and overwhelming. If you receive a notice from the IRS, it’s important to act quickly and responsibly in order to minimize any potential tax impact. Here are some tips for minimizing the tax impact of an IRS notice.  Understand Your Notice Before y...

If you have ever received an IRS Notice in the mail, chances are it has caused you a fair amount of anxiety. After all, the IRS is not known for sending out friendly reminders. But what do these notices actually mean and why do people receive them? Let’s take a look at the most common reasons for...

A levy from the IRS can be a frightening prospect for taxpayers in Mount Laurel, NJ. This is especially true if you don’t know much about the process of levying and how it works. Unfortunately, there are many misconceptions about IRS levies that can lead to fear and confusion for taxpayers. In th...

This may affect your credit.The consequences of an IRS filing a Notice of Federal Tax Lien are significant. This lien is public record, and eventually may show up on one's credit report which can severely impact their ability to secure further credit in the future as well as lower their credit sc...

Lien vs. LevyFor the unaware taxpayer, it is important to understand the difference between liens and levies. People will use them interchangeably, but they are very different. A lien grants the government legal rights over all of your property.This does not mean they are going to sell your prope...