HJ Zarabet & Associates, CPAs

10/28/2024

If you were having a heart attack, would you see your primary care physician or cardiologist? If you enjoy breathing, a cardiologist is the wiser answer. So it is with tax resolution and IRS representation because these problems are the tax equivalents of a ticker about to kick. This is a true story told to me by a tax resolution colleague....

If you were having a heart attack, would you see your primary care physician or cardiologist? If you enjoy breathing, a cardiologist is the wiser answer. So it is with tax resolution and IRS representation because these problems are the tax equivalents of a ticker about to kick. This is a true story...

08/29/2024

Claiming innocent spouse relief has always been an uphill battle. The courts have set a very high standard to have a case settled in the taxpayer's favor. Lennon and McCartney wrote "I Should Have Known Better". The same thing applies to an innocent spouse. If your husband pleaded guilty to tax evasion and bribery just a year prior to your claimed tax deficiency (as in the recently decided June 2024 Cotroneo v....

Claiming innocent spouse relief has always been an uphill battle. The courts have set a very high standard to have a case settled in the taxpayer’s favor. Lennon and McCartney wrote “I Should Have Known Better”. The same thing applies to an innocent spouse. If your husband pleaded guilty to ta...

08/18/2024

With the added funding, added agents, and added desire to shrink the "tax gap" ($688 Billion in 2021), people are concerned if they are on an IRS hitlist to be audited. Let me start by saying, if you did nothing wrong, there isn't much to worry about, but mistakes do happen, so there is always a risk. Below are the future audit plans the IRS foresees to follow with their newfound wealth:...

With the added funding, added agents, and added desire to shrink the “tax gap” ($688 Billion in 2021), people are concerned if they are on an IRS hitlist to be audited. Let me start by saying, if you did nothing wrong, there isn’t much to worry about, but mistakes do happen, so there is always...

08/18/2024

You may not be aware of this, but there actually is a taxpayer bill of rights. If you plan to discuss matters directly with an IRS representative, it's not a bad idea to hang these up on your wall where you can quickly refer to them, because not all IRS representative adhere to them as well as they should be adering to them....

You may not be aware of this, but there actually is a taxpayer bill of rights. If you plan to discuss matters directly with an IRS representative, it’s not a bad idea to hang these up on your wall where you can quickly refer to them, because not all IRS representative adhere to them as […]

07/22/2024

If you owe less than $10,000 to the IRS congratulations as you much better off than any of our clients. You do not need the services of the Connecticut Tax Resolution Service (nor any tax resolution service) as this is a jam you can easily get of yourself. There is something called a Guaranteed Installment Agreement. The name doesn't lie. If you meet these 6 criteria you are in:...

If you owe less than $10,000 to the IRS congratulations as you much better off than any of our clients. You do not need the services of the Connecticut Tax Resolution Service (nor any tax resolution service) as this is a jam you can easily get of yourself. There is something called a Guaranteed Inst...

06/29/2022

Tap into your full potential. Wednesday Wisdom from HJ Zarabet & Associates CPA's

06/28/2022

Here are the July 2022 Individual Due Dates

06/28/2022

Congress reduced the 1099-K reporting threshold for 2022 from $20,000 to $600 looking for unreported income from gig economy activities and transactions. As a result, even someone not operating a business could receive a 1099-K that they may need to reconcile on their tax return.

Effective for 2022 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600. So, you might ask, what does that have to do with me? This change can impact taxpayers in several ways, some unexpected, so you may find yourself in for a surprise t...

06/27/2022

Here are the July 2022 Business Due Dates

06/27/2022

If you are a small business owner, there may be tax benefits that you are not fully utilizing. Watch the video to learn about these tax advantages.

06/27/2022

Here's some motivation for your Monday from HJ Zarabet & Associates CPA's

06/25/2022

For those who love learning: here's a small business statistic from HJ Zarabet & Associates CPA's.