Educational Tax Tip: Short-Term vs. Long-Term IRS Payment Plans
Do you know the difference between an IRS short-term payment plan and a long-term payment plan? A short-term plan lets you repay your tax debt within 180 days with no setup fee, while a long-term plan allows for monthly payments over more than six months but includes a setup fee, which is reduced if you choose automatic Direct Debit payments. Both options accrue penalties and interest, so paying off the debt as quickly as possible is always best. Need help choosing the right payment plan? Visit our
News Release: 1/29/2025
This Valentine’s season, let’s talk about LOVE—but not just any love. We’re talking about Marketing with L.O.V.E. ???? ? L - Local: Build strong community connections ? O - Outreach: Get noticed by the right audience ? V - Value: Create real relationships with customers ? E - Engagement: Keep your audience coming back for more Your neighborhood is your most powerful market! When you invest in local marketing, you’re not just growing your business—you’re strengthening your community, creating jobs,
Educational Tax Tip: How to Avoid Audit Trouble with Proper Expense Reporting
Have you ever wondered if estimating your tax deductions might be acceptable? While it might seem easier to guess amounts for categories like business travel or office expenses, using rough estimates can lead to serious issues during an IRS audit. The IRS requires exact figures backed by receipts or other documentation. If your reported numbers don't align with their records, you could face penalties or additional taxes. To avoid this, it is essential to keep detailed records of your expenses and ensure
British Swim School to Open State-of-the-Art Pool in Lake Nona Summer 2025
British Swim School of South Orlando is thrilled to announce the upcoming opening of our brand-new, state-of-the-art pool in Lake Nona in the summer of 2025! Conveniently located on Narcoossee Road at 12922 Sunstone AVe, Orlando FL 32832, this facility will be dedicated to providing the community with exceptional swim instruction and water safety education for all ages and abilities. For over eight years, British Swim School has proudly served families across Orlando and Lake Nona with our proven
Educational Tax Tip: Responding to IRS Notice CP 90/CP 297
Have you received IRS Notice CP 90 or CP 297? This “Final Notice of Intent to Levy” means the IRS plans to seize property to settle your tax debt. You have 30 days to act—pay the balance, set up an installment agreement, or propose an Offer in Compromise. You can also request an Appeals Collection Due Process (CDP) hearing to dispute the levy. Ignoring this notice can lead to levies on federal payments or a federal tax lien on your property. Act quickly to protect your assets! Visit our website and
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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
Educational Tax Tip: IRS Audits and Penalties
What happens if you fail an IRS audit? While audits can be intimidating, failing one doesn’t mean it’s the end of the world. The IRS may assess additional taxes, impose penalties, and charge interest on unpaid amounts. In rare cases involving fraud or evasion, more severe consequences like jail time are possible. Typically, the IRS reviews the past three years of returns but can go back six years if discrepancies are found. If you lack receipts, deductions might be denied, though some expense
Educational Tax Tip: Denied an IRS Tax Lien Removal? Here’s What to Do
Dealing with an IRS tax lien can be stressful, especially if your removal request gets denied! What should you do if your IRS tax lien removal request is declined? First, review the notice carefully to understand the reasons, which might include unfiled tax returns, unpaid taxes, or errors in your application. Next, ensure all your tax obligations are up to date and gather relevant documentation, such as financial statements and proof of payments. This will strengthen your case for an appeal or
Educational Tax Tip: The Cost of Applying for an Offer in Compromise
You’ve probably heard about the Offer in Compromise (OIC) as a tax resolution option, but have you considered what it costs to apply? The application fee for an OIC is $205, but it’s waived if you meet low-income certification requirements. Eligibility depends on factors like your income, family size, and state of residence, as detailed in IRS Form 656. If you qualify, you won’t need to pay the fee, an initial payment, or monthly installments while the IRS evaluates your application. Need assistance with
Educational Tax Tip: What the IRS Requires for CNC Status
Have you ever wondered what the IRS needs when applying for CNC status? To qualify for Currently Not Collectible (CNC) status, you’ll need to prove your financial situation. This may include filing overdue tax returns, completing forms like 433-A, 433-F, or 433-B, and submitting supporting documents such as bank statements, proof of income, monthly expenses, or asset records. These details help the IRS verify your eligibility and assess your financial hardship. Proving your case is essential to ensure
Universal Orlando Foundation Grants $1.3 Million to Local Nonprofits
Since its formation in 1998, the Universal Orlando Foundation has awarded millions in grants to organizations and programs in Central Florida that take a proactive approach to addressing the needs of our community in the areas of education, children and families, and basic needs.For the past three years, the UO Foundation has hosted its Celebration of Giving event to recognize its nonprofit partners and the incredible work they do for the Central Florida community, and as an opportunity for the Foundation
