Educational Tax Tip: How the IRS Applies Your Tax Refund When You Have Debt
Do you know what happens to your tax refund if you owe back taxes or other federal debts? When you’re entitled to a refund, the IRS can automatically apply it to any unpaid federal or state taxes before you receive it. If your refund is not enough to cover your total debt, you may still owe the remaining balance. If you’re expecting a refund but have outstanding tax liabilities, don’t be caught off guard! Want to know if your refund is at risk of being taken? Visit our website and contact us today for
News Release: 7/8/2025 - Junior Achievement of Central Florida Unveils Plans for New Center in Lake Nona
ORLANDO, Fla. – July 8, 2025– Junior Achievement of Central Florida (JACF) is proud to announce a transformative lead gift from philanthropist and JACF Board Member Jesse Eisner to support the development of its new state-of-the-art education facility in the heart of Lake Nona at One Performance Plaza. The 13,400-square-foot space is slated to open in the fall of 2026. In recognition of this significant contribution, the facility will be named the “Junior Achievement Eisner Family Dreamers Center.” The
Educational Tax Tip: Can the IRS Take Your Home for Unpaid Taxes?
We know the IRS can seize your assets if you owe back taxes, but can the IRS really take your home? Technically, yes—but it’s uncommon. The IRS can pursue your residence through court approval or foreclosure, but these actions are considered last resorts and involve extensive legal procedures. In most cases, the IRS prefers to file a lien and wait until you refinance or sell the property. However, your home’s equity will still be factored into any payment arrangement or settlement. Concerned about how
Educational Tax Tip: How to Add to an IRS Installment Agreement
Do you know what to do if you already have a payment plan with the IRS but owe more taxes? Since you can’t have two active plans at once, you must amend your existing agreement to include the new balance. The IRS offers different ways to do this, like online, by calling them, or by visiting a local IRS office and submitting Form 9465. If you can’t afford the new monthly payment, you may need to file Form 433-F, which could open the door to other solutions like an Offer in Compromise. Need help updating
How Business Storytelling Shapes Belief
Every good business knows the mechanics of metrics. But belief—the sort that fuels decisions, inspires commitment, or draws in money—doesn’t live in spreadsheets. It lives in stories. Not the stiff, templated narratives tucked into pitch decks, but the kind that move with intention, surprise, and authenticity. Whether the goal is to motivate employees, win over investors, or earn a client’s trust, the difference between a forgotten message and a lasting one often lies in the way it’s told. Reframing the
Educational Tax Tip: Understanding IRS Notice CP12
Do you know what to do if the IRS sends you a CP12 notice? This notice means the IRS corrected your return, resulting in a different refund amount—usually an increase! The notice will include a summary of changes and a comparison of your original return with the IRS's revised figures. If you agree with the changes, no action is needed, and you’ll receive your updated refund within 4 to 6 weeks. If you disagree, you must respond with documentation within 60 days to preserve your right to appeal. Received
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Learn to Manage Your Finances Better – Join Our Free Workshop
¿Su negocio está creciendo, pero sus finanzas no siguen el ritmo? RC Tax Service invita a la comunidad a una serie de talleres gratuitos enfocados en la educación financiera con expertos en banca y seguros . Ubicación: RC Tax Service – Oficina de Michigan, 1432 Ridge St, Kissimmee, FL Fechas del taller : Planificación financiera26 de junio | 17:30 | 90 minutos . Presentado por Abigail Román. Desarrollando conocimientos financieros24 de julio | 17:30 | 90 minutos Presentado por representantes de
Educational Tax Tip: Which IRS Forms Are Eligible for FTA Penalty Relief?
Did you know that First-Time Penalty Abatement (FTA) isn’t available for every type of tax form? The IRS only allows FTA for failure-to-file, failure-to-pay, or failure-to-deposit penalties on certain returns. Some of the most common forms include Form 1040 (individual), 1120 (corporation), 1120S (S-corp), 1065 (partnership), 941 (payroll), and 940 (unemployment). If your penalty is tied to one of these, and you have a clean compliance record, you may be eligible for relief. Want to know if your return
The Founder’s Guide to Risk Management: Lessons Beyond the Pitch Deck
Every ambitious founder walks into the arena of entrepreneurship with a blend of confidence and calculated optimism. Ideas get polished, decks get rehearsed, and capital becomes the finish line — but risk, the ever-present variable, rarely gets the same meticulous attention. Risk isn’t just the fire to be extinguished; it's the wind that can shape or scatter a business if ignored or misread. For founders navigating their first venture or their fifth, understanding risk isn't about fear — it's about
Educational Tax Tip: Protect Your Business with Proper Tax Documentation.
Do you know which records you should keep for your business in case of an audit? The IRS requires business owners to maintain accurate records that clearly show income, expenses, assets, and employment taxes. This includes receipts, invoices, canceled checks, deposit slips, payroll records, and documentation of purchases and sales. Whether you use paper or electronic systems, your records must support the information on your tax return. Organized documentation not only helps you comply with tax laws—it
Educational Tax Tip: When Innocent Spouse Relief Doesn’t Apply
Have you ever wondered what would make someone ineligible for Innocent Spouse Relief? The IRS would reject your request if you knew—or reasonably should have known—about the tax errors when you signed the return. You're also ineligible if you miss the two-year deadline after receiving a notice or if you've already settled the issue through an offer in compromise, a closing agreement, or a court. Innocent Spouse Relief can be a valuable option, but strict rules apply. Need help determining if you qualify?
Universal Destinations & Experiences Celebrates the Grand Opening of Universal Epic Universe
The wait is finally over, and Universal Epic Universe at Universal Orlando Resort is now open! We want to take a moment to thank you for your continued support and partnership throughout this journey, which started on a blank piece of paper nearly 10 years ago. Epic Universe is our most ambitious endeavor to date, and it represents more than just a new theme park – it’s a continued investment in the future of our community through job creation, business growth, tourism development and more. Comcast’s
Stamped and Delivered: Why Direct Mail Still Wins in a Digital Age
Direct mail has long been the underdog of modern marketing—dismissed as outdated in favor of inboxes and algorithms. But even as businesses pour money into online ads and SEO strategies, the simple act of sending a well-crafted piece of physical mail is proving to be one of the most effective tools for reaching customers. There’s something visceral about holding a tangible message, one that doesn’t get lost in a sea of browser tabs or spam folders. And for businesses willing to think beyond clicks and
Stop Scrambling—Start Scheduling: How Orlando Businesses Can Put Their Marketing on a Calendar That Actually Works
When you’re running a small business in Orlando, your day might include everything from checking inventory to meeting with clients — and squeezing in marketing between it all. It’s no surprise that content often becomes a reactive task, handled at the last minute, usually right before a big event or seasonal rush. But here’s the truth: consistent content builds trust, visibility, and sales. And the key to consistency? A smart, realistic content calendar backed by tools and tactics that fit your workflow.
How to Market Your Business in a World That’s Already Full of Color
In a marketplace that’s louder than ever—where every brand is a content studio and every scroll feels like a roulette wheel of styles, slogans, and pixels—you’ve got a problem if your message blends in. It’s no longer just about having a good product. It’s about how you show up. When your audience is bombarded with beautifully curated feeds, sleek packaging, and a relentless rhythm of campaigns, the visual battleground becomes the new frontline. The trick, then, is not to shout louder, but to make people
The Art of the Global Hustle: How to Build a Thriving Team of Freelancers Across Time Zones
In the world of remote work, a well-oiled freelance team can be your greatest asset—or your biggest headache. Unlike traditional in-house teams, freelancers operate on their own schedules, across different cultures, and often with varying expectations about work and communication. The trick to making it all work? Understanding that a global team isn’t just about delegating tasks but about fostering an ecosystem where trust, productivity, and happiness coexist. Whether you’re managing writers in Berlin,
Game-Changing Ideas to Elevate Your Restaurant’s Success
Expanding a restaurant goes beyond new menu items or additional locations. A strong brand, streamlined operations, and meaningful community engagement create lasting success. Creative marketing and customer insights help attract and retain loyal diners. Local collaborations and smart technology improve both service and reputation. Exploring franchising or strategic partnerships can open new opportunities for growth. A well-planned approach keeps the business thriving while staying rooted in the
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Introducing 'Mommy Wants a Break': A New Community for Mothers to Connect and Recharge!
### “Mommy Wants a Break” Initiative to Launch January 24, 2025: A New Community for Mothers Seeking Support and Self-Care** Orlando, FL – Exciting news for mothers everywhere! "Mommy Wants a Break," an innovative initiative dedicated to providing a supportive community for moms, will officially launch on January 24, 2025. This initiative seeks to empower mothers by offering resources, valuable connections, and a space where they can prioritize their self-care amidst the daily challenges of
Smarter Business Reporting Through Innovative Technologies
Turning data into actionable insights has become essential for navigating modern business challenges. Advanced tools help organizations process and present complex information with clarity, making it easier for teams to act decisively. Secure and accessible formats ensure that vital information reaches the right people without compromise. Integrating cutting-edge solutions into reporting workflows streamlines operations and sharpens strategic focus. These innovations elevate the quality of decision-making
