| Page 9 of 25 | Tax Resolution Attorneys

Orlando R. Dizon, Esq.
December 18, 2024

FedTaxPro: Key tax reforms could impact your income, savings, and investments starting in 2025.The 2024 elections are over, and President-elect Donald Trump is poised to introduce major Trump tax policy changes aimed at reshaping the economy, jobs, and taxes. With a Republican majority in Congress, these changes could pass quickly, bringing significant impacts to taxpayers like […] The post Trump Tax Policy Changes: 11 Proposals and What They Mean for You appeared first on Tax Problem Solver.

**Slug:** trump-tax-reforms-2025-impact **Meta Description:** In 2025, proposed Trump tax reforms could reshape income, savings, and business taxes in the U.S. Learn about the 11 key changes and their potential effects. — Proposed tax reforms under President-elect Donald Trump could alter financial landscapes beginning in 2025. With the 2024 elections concluded, [...]

Orlando R. Dizon, Esq.
December 18, 2024

How Did the Tax Cuts and Jobs Act Simplify the Tax Code?

Key Takeaways: Standard Deduction: The Act nearly doubled the standard deduction, making it easier for taxpayers to file without itemizing deductions. Fewer Tax Brackets: It reduced the number of tax brackets, simplifying the understanding of tax rates and liabilities for many individuals. Elimination of Personal Exemptions: The removal of personal [...]

Orlando R. Dizon, Esq.
December 18, 2024

The Art Of Tax Negotiation – Strategies For Reaching A Favorable Agreement With The IRS

Navigating the intricacies of tax negotiation can be a daunting task, especially when dealing with the Internal Revenue Service (IRS). However, with the right knowledge and strategies, it is possible to secure a favorable agreement that can alleviate the burden of tax liabilities. In this comprehensive guide, we will delve [...]

Orlando R. Dizon, Esq.
December 18, 2024

How Can Strategic Asset Allocation Influence Your Year-End Tax Planning?

Allocation of your investment assets plays a significant role in shaping your year-end tax strategy. By aligning your asset distribution with your financial goals and risk tolerance, you can optimize your tax situation and potentially enhance your after-tax returns. Understanding how different asset classes are taxed allows you to make [...]

Orlando R. Dizon, Esq.
December 18, 2024

Penalties for Unfiled Tax Returns & How to Avoid Them

The Internal Revenue Service (IRS) imposes strict penalties on individuals who fail to file tax returns or pay taxes on time. These penalties aim to enforce compliance with the tax laws in the United States. The consequences can have a significant impact on taxpayers, ranging from financial burdens to more [...]

Orlando R. Dizon, Esq.
December 17, 2024

What to Do When You Receive IRS Notice CP87A

**IRS Dispatches CP87A Notices for Dependent Verification** The Internal Revenue Service (IRS) has been sending out CP87A notices to taxpayers, creating a stir of concern and inquiries. These notices are not punitive measures nor do they demand payment. Instead, they serve as a request for verification regarding the dependents claimed [...]

Orlando R. Dizon, Esq.
December 17, 2024

Gov. Tim Walz Raised Taxes as Most Governors Cut Them

FAQ Q: Why did Governor Tim Walz choose to raise taxes instead of cutting them like many other governors? A: Governor Tim Walz raised taxes primarily to fund necessary public services and initiatives, such as education, health care, and infrastructure. By increasing taxes, his administration aimed to address budget deficits [...]

Orlando R. Dizon, Esq.
December 17, 2024

Navigating The IRS – Key Factors To Consider For Successful Tax Resolution

Embarking on the journey of resolving tax issues with the Internal Revenue Service (IRS) can be a daunting and overwhelming task for many individuals and businesses. However, with the right knowledge and guidance, it is possible to navigate through this complex process and achieve a successful tax resolution. Understanding the [...]

Orlando R. Dizon, Esq.
December 17, 2024

What Hidden Tax Pitfalls Should You Avoid In Your Last-Minute Planning?

With tax season looming, your last-minute planning can often lead to oversights that negatively impact your finances. You might be so focused on deadlines that you overlook hidden tax pitfalls that can cost you money or result in unnecessary complications. This post will guide you through common traps you should [...]

Orlando R. Dizon, Esq.
December 17, 2024

What Happens If You Don’t Pay Your Taxes? The Consequences You Need to Know

**Slug:** IRS Tax Debt Collection: What You Need to Know **IRS Begins Tax Debt Collection Process** Ignoring tax debt might seem appealing to avoid financial stress, but the IRS holds significant power in tax collection. The longer one waits, the more severe the consequences can become. Understanding the steps the [...]