RECENT BLOG POSTS
As a real estate agent, your responsibilities extend beyond just listing properties and closing deals. Sometimes, challenges like IRS tax liens can arise, delaying transactions and complicating the sales process. For many agents, these tax issues can seem overwhelming—but they don't have to be.In...
09/12/2024
If you’ve received an IRS notice or are struggling with tax debt, you’re not alone. Many individuals face tax issues, especially when they receive intimidating notices like the CP504 — a final reminder that the IRS is prepared to levy your assets. In this post, I’ll share a recent case where I he...
09/11/2024
The IRS is ramping up its enforcement efforts, and taxpayers who owe back taxes or have unfiled returns are finding themselves under increasing scrutiny. Just yesterday, I met with two taxpayers facing serious issues. One owes roughly $70,000 to the IRS, and the other hasn’t filed taxes since the...
09/10/2024
If you’ve received an IRS CP504 notice, it's not just another letter—it’s a final warning. The IRS is about to take serious action that can drastically affect your financial stability. This notice means that the IRS is preparing to levy your assets, garnish your wages, and seize your bank account...
09/05/2024
As a real estate agent, your focus is on closing deals, building relationships, and growing your business. But in the midst of managing listings and clients, tax issues can arise that threaten to disrupt your success. At Mathis Tax Service, we specialize in helping real estate professionals like ...
08/22/2024
Understanding IRS LT 11 Letter: What Real Estate Agents and Other Professionals Need to KnowThe IRS collection machine is back in full force, and tax practitioners nationwide are seeing a surge in IRS LT 11 letters. This "Notice of Intent to Levy" signals that the IRS is gearing up for aggressive...
08/20/2024
Facing overwhelming tax debt can be a daunting experience. Fortunately, the Internal Revenue Service (IRS) offers a potential solution known as an Offer in Compromise (OIC). This comprehensive guide aims to shed light on the Offer in Compromise program, providing you with the knowledge needed to ...
05/22/2023
If you're a real estate professional looking to close more deals, partnering with an Enrolled Agent can be a game-changer. An Enrolled Agent is a tax professional who is licensed by the IRS and has passed a rigorous three-part exam. They are experts in tax law and can help you navigate the comple...
05/04/2023
Are you struggling to keep up with your tax payments, especially when finances are tight? Ignoring your tax debt is not the answer. Instead, taking action and getting into tax compliance should be your top priority. The good news is that the IRS is usually willing to work with taxpayers to resolv...
05/03/2023