Educational Tax Tip: Understanding IRS Notice CP75
Have you received an IRS Notice CP75 and you don’t know what to do? These notices typically request additional documentation to verify tax credits like the Earned Income Credit (EIC) or Additional Child Tax Credit (ACTC). If you receive one, read it carefully, gather the requested documents (such as proof of income or dependent eligibility), and respond by the deadline—usually within 30 days. Failing to reply could result in the IRS adjusting your return and reducing your refund. Need help responding to
Educational Tax Tip: How Can You Avoid an IRS Levy?
Worried about an IRS levy? The best way to prevent one is to file your tax returns on time and pay what you owe. If you can’t pay in full, don’t ignore IRS notices—pay as much as possible and explore options like a payment plan or tax relief programs. These might allow you to settle your debt for less or make monthly payments, but you must act quickly. Receiving a Final Notice of Intent to Levy means time is running out, so contact a tax professional immediately to get help Need help dealing with an IRS
Educational Tax Tip: Filing Taxes When You Owe the IRS
Owe taxes from previous years and wondering if you should still file your current return? The answer is yes! Failing to file only makes things worse—the IRS imposes a 5% penalty per month (up to 25%) on unpaid taxes if you don’t file, plus interest on the balance. Even if you can’t pay in full, filing on time helps reduce penalties and keeps you compliant. The IRS also looks more favorably on taxpayers who stay current with their filings when considering payment plans or other relief options. Ignoring tax
Educational Tax Tip: How IRS Wage Garnishments Work
Have you ever wondered how the IRS can garnish your wages? The IRS tracks your income through Forms W-2 and 1099, allowing them to identify your employer and issue a wage garnishment if you have unpaid tax debt. Before taking action, the IRS typically sends multiple notices over several months, giving you a chance to pay or appeal. If no action is taken, the IRS sends the garnishment notice directly to your employer—who will then inform you of the deduction from your paycheck. Facing IRS collection
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
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
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
