About Rajiv Kumar

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So far Rajiv Kumar has created 89 blog entries.

Lien-Levy Guidance: Lessening The Stress of a Notice

If  you have received a lien or levy notice, you are in the right place to ease the stress that such a notice can bring. LEVY NOTICES You need help with a levy notice if you received a document that says, "FINAL NOTICE OF INTENT TO LEVY AND NOTICE OF YOUR RIGHT TO A HEARING." [...]

Filing Your Unfiled Tax Returns

You haven't filed tax returns for one or more tax periods, correct?  Fortunately, with some additional information from you, I can help guide you from here. Your Concerns But, before I get to my questions, here are some you might have: Will I go to jail for not filing returns? Will I go to jail [...]

Business Owners Beware – The Perils of Not Paying Payroll Taxes!

Business Owners Beware - The Perils of Not Paying Payroll Taxes! Business owners who fail to pay payroll taxes beware! Your home may be foreclosed on by the IRS to pay off the employment tax due, even if the home is owned jointly with a non-liable spouse. In a recent case decided in a United [...]

Do I Have to File My IRS Tax Return During Government Shutdown?

You may be wondering what the IRS is doing during the government shutdown. Do I Have to File My IRS Tax Return During Government Shutdown? Is the IRS still processing returns? Is the IRS still accepting payments? Are deadlines for filing returns being delayed? Are deadlines for making payments being delayed? The IRS encourages you to [...]

May 2013 Newsletter

Eight Facts on Late Filing and Late Payment Penalties for Form 1040 federal tax returns Download Our May 2013 Newsletter PDF

Virginia Tax Return Filing Deadline Missed?

On October 30, 2012, Virginia Tax Commissioner Craing M. Burns announced some relief for businesses and individuals who have missed end of October filing deadlines due to Hurricane Sandy. To qualify for this penalty waiver, taxpayers must be unable to meet their filing obligations because the financial books and records they need to file their [...]

IRS Gives Addtional Time to Taxpayers and Preparers Affected by Hurricane Sandy

The IRS announced yesterday that it is granting taxpayers and tax return preparers affected by Hurricane Sandy until November 7 to file returns and accompanying payments that were normally due on October 31. The relief primarily appliesto businesses whose payroll and excise tax returns and payments are normally due on October 31. The relief is [...]

Virginia Tax Amnesty Program Announced

On Monday, Sept 28, Virginia Governor Timothy Kaine announced a tax amnesty program to be administered by the Virginia Department of Taxation. The Commonwealth aims to collect $48 million during the very short amnesty period. The program runs from October 7, 2009 to December 5, 2009. Most, but not all, taxpayers who are delinquent are [...]

Deadline to Reduce Your Income Tax Penalties Extended

Important Information if you have a hidden offshore account - Deadline is Extended. In a press release issued today from Washington, the Internal Revenue Service announced it is extending the voluntary disclosure deadline from Sept 23, 2009, to October 15, 2009. In March the IRS issued special provisions to allow taxpayers with unreported income from [...]

Is Your Income Tax Return Preparer Regulated?

Are you behind in filing your income tax or payroll tax returns? Do you have one or more years of unfiled tax returns? If so, be careful who you choose to help you get caught up. The IRS wants to start regulating paid tax preparers used by more than half the nation's taxpayers in an [...]

Help for People Who Owe Taxes

“We need to ensure that we balance our responsibility to enforce the law with the economic realities facing many American citizens today.” “We want to go the extra mile to help taxpayers, especially those who’ve done the right thing in the past and are facing unusual hardships.” These comments were made by Internal Revenue Service [...]

Virginia Increases Tax Collection Efforts

According to a recent article in the Washington Post, Virginia is increasing its spending in its efforts to collect unpaid taxes. The state has hired 55 workers at a cost of $1.2 million while eliminating jobs in other areas and cutting core government services in its efforts to address a $2.9 billion shortfall. According to [...]

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