Written by Scott Allen

Form 8546: Claim for Reimbursement of Bank Charges Incurred Due to Erroneous Services Levy or Misplaced Payment Check

IRS Form 8546

Yes, the IRS is known for making mistakes from time to time.  When the IRS, by known mistake, levies one of your accounts and you have proof or substantial documentation Form 8546 can be filed to get reimbursed for the expense.

Is it worth filing Form 8546?  Yes, depending on the circumstances and the amount that you are asking the IRS to refund.  However, usually charges are relatively small amounts and is only going to be worth it if that taxpayer prepares and files Form 8546 on his or her own as the fee a professional might have to charge would nearly equal the amount you are trying to get refunded.

What expenses will the IRS refund?  The IRS will refund bank charges that include a financial institution’s customary charge for complying with the levy instructions and charges for overdrafts that are a direct consequence of an erroneous levy.  In addition, there are times when a taxpayer’s check may be lost or misplaced in processing.  When the IRS asks for a replacement check, the taxpayer maybe reimbursed for bank charges incurred in stopping payment on the original check.  The charges must have been paid by the taxpayer and must not have been waived or reimbursed by the financial institution. All claims must be filed within one year after the expense.

Form 8546 is a one page form with a one page instruction.  Please read the entire form before submitting and be sure your claim meets all the requirements.  Include copies of required documents.

IRS Help from Tax Debt Advisors, Inc – Scott Allen, E.A.

3155 E Southern Ave  Ste 101  Mesa, AZ  85204  www.getirsoffmyback.com

 

Written by Scott Allen

Mesa Tax Preparation: Capital Gains Tax & Losses explained simply

Mesa Tax Preparation

At times capital gains & losses can be very tricky on how to correctly report on your Mesa Tax Preparation.  Below I have explained it as simply as I can.  If you find it confusing or are still unsure its important to seek advise from  a professional.  I don’t charge for an initial consultation to discuss your particular case.

If you realize a profit when you sell an asset, such as a stock, you have a capital gain. In other words, if you sell an asset for more than you bought it for, you made a profit and will need to pay capital gains tax. The IRS differentiates between long-term capital gains (on assets held for over one year before selling) and short-term capital gains (sold within one year or less). The tax rate for long-term capital gains is lower than short-term. You may be required to make estimated payments if you have a large amount of capital gains.

If you have capital losses (the sale price is lower than what you paid originally), you can claim no more than $3,000 per year (married filing jointly). You may be able to carry the loss forward to later years if your total loss is over $3,000.

For a more detailed explanation of capital gains & losses for your Mesa Tax Preparation click on the following link (IRS Topic 409)

Tax Debt Advisors, Inc – Scott Allen, E.A.   www.TaxDebtAdvisors.com

 

Written by Scott Allen

Local IRS offices in California: IRS help from Tax Debt Advisors, Inc

Are you in need of locating the most convenient IRS office?  Below is a list of all IRS office addresses and phone numbers in California. For other local IRS office locations click here.

Bakersfield IRS Office:  4825 Coffee Rd #200  Bakersfield, CA  93308  Phone:  844-545-5640

Camarillo IRS Office:  751 Daily Dr  Camarillo, CA  93010  Phone:  844-545-5640

Carpinteria IRS Office:  1145 Eugenia Pl #201 Carpinteria, CA 93013  Phone:  844-545-5640

El Centro IRS Office:  2345 S Second St  El Centro, CA  92243  Phone:  844-545-5640

El Monte IRS Office:  9350 East Flair Dr  El Monte, CA  91731  Phone:  844-545-5640

Fresno IRS Office:  2525 Capitol St  Fresno, CA  93721  Phone:  844-545-5640

Laguna Niguel IRS Office:  24000 Avila Rd  Laguna Niguel, CA  90802  Phone:  844-545-5640

Long Beach IRS Office:  501 W Ocean Blvd  Long Beach, CA  90802  Phone:  844-545-5640

Los Angeles IRS Office:  300 N Los Angeles St #1259  Los Angeles, CA  90012  Phone:  844-545-5640

Modesto IRS Office:  1700 Standiford Ave Modesto, CA 95350  Phone:  844-545-5640

Oakland IRS Office:  1301 Clay St  Oakland, CA  94612  Phone:  844-545-5640

Palm Springs IRS Office:  556 S Paseo Dorotea  Palm Springs, CA  92264  Phone:  844-545-5640

Redding IRS Office:  850 Industrial St  Redding, CA  96002  Phone:  844-545-5640

Sacramento IRS Office:  4330 Watt Ave  Sacramento, CA  95821  Phone:  844-545-5640

Salinas IRS Office:  928 East Blanco Rd #121  Salinas, CA  93901  Phone:  844-545-5640

San Bernardino IRS Office:  290 North D St  San Bernardino, CA  92401  Phone:  844-545-5640

San Diego IRS Office:  880 Front St  San Diego, CA  92101  Phone:  844-545-5640

San Francisco IRS Office:  450 Golden Gate Ave  San Francisco, CA  94102  Phone:  844-545-5640

San Jose IRS Office:  55 S Market St #100  San Jose, CA  95113  Phone:  844-545-5640

San Marcos IRS Office:  1 Civic Center Dr  San Marcos, CA  92069  Phone:  844-545-5640

Santa Ana IRS Office:  801 Civic Center Dr W  Santa Ana, CA  92701  Phone:  844-545-5640

Santa Barbara IRS Office:  1332 Anacapa St  Santa Barbara, CA  93101  Phone:  844-545-5640

Santa Maria IRS Office:  2384 Professional Parkway  Santa Maria, CA  93455  Phone:  844-545-5640

Santa Rosa IRS Office:  777 Sonoma Ave  Santa Rosa, CA  95404  Phone:  844-545-5640

Stockton IRS Office:  4643 Quail Lakes Dr  Stockton, CA  95207  Phone:  844-545-5640

Van Nuys IRS Office:  6230 Van Nuys Blvd  Van Nuys, CA  91401  Phone:  844-545-5640

Visalia IRS Office:  5300 W Tulare St  Visalia, CA  93277  Phone:  844-545-5640

Walmut Creek IRS Office:  185 Lennon Ln  Walnut Creek, CA  94598  Phone:  844-545-5640

Tax Debt Advisors, Inc – Scott Allen, E.A.

3155 E Southern Ave  Ste 101  Mesa, AZ  85204  Phone:  480-926-9300 

 

Written by Scott Allen

Tax Preparation: Form 8839 – Qualified Adoption Expenses

Information to consider when claiming the Adoption Credit:

If you are considering adopting a child, you may qualify for the adoption tax credit, which is up to $14,890 per child.

In order to qualify, you must have adopted a child and paid out-of-pocket expenses relating to the adoption.  The amount of the tax credit is depended on the amount you spent on adoption-related expenses.  If you adopt a special needs child you are entitled to claim the full amount of the adoption credit even if you didn’t spend the full $14,890.

The adoption credit was scheduled to expire until health care legislation passed and extended it through tax year 2022.

For higher income earners, the phase out for the credit starts at $216,000.  To be eligible for the credit you must adopt a child 17 or younger.  Or a child of any age who is a US citizen or resident alien and who is physically or mentally unable to care for himself or herself.

Many argue the issues with the tax credit, is that you had to spend that money out of pocket before you can claim the credit.  If the credit is based off expenses you have already spent it is difficult for lower-income families to adopt.

Qualified adoption expenses include: adoption fees, attorney fees, court costs, travel expenses and re-adoption expenses related to the adoption of a foreign child.

Qualified adoption expenses that do not qualify include:

  • those for which you received funds under any state, local, or federal program
  • that violate state or federal law
  • for carrying out a surrogate parenting arrangement
  • for the adoption of your spouse’s child
  • paid or reimbursed by your employer or any other person or organization
  • or allowed as a credit or deduction under any other provision of federal income tax law.

For more information please contact Scott Allen, E.A. with Tax Debt Advisors, Inc  www.ScottAllenEA.com

 

Written by Scott Allen

Local IRS Offices in Arizona: IRS help from Tax Debt Advisors, Inc

Local IRS Offices in Arizona

Where is the nearest IRS office from you?  Below is a list of all IRS office addresses and phone numbers here in Arizona.

Phoenix IRS Office: 4041 N Central Ave  Phoenix, AZ  85012  Phone:  844-545-5640. Major cross streets are Indian School Rd & N Central Ave, in the same building as the Maricopa County Education Service Agency. Monday-Friday – 8:30 a.m.-4:30 p.m.

Services Provided

Mesa IRS Office: 1818 E Southern Ave  Mesa, AZ  85204  Phone:  844-545-5640. Major cross streets are S Gilbert Rd and E Southern Ave, right next to Mesa High School. Monday-Friday – 8:30 a.m.-4:30 p.m.

Services Provided

Glendale IRS Office: 7350 W Camino San Xavier  Glendale, AZ  85308  Phone:  844-545-5640. Closest major cross street are W Camino San Xavier and 73rd Ave.

Services Provided

Tucson IRS Office: 300 W Congress  Tucson, AZ  85701  Phone:  844-545-5640. Closes major cross streets are N Granada Ave and W Congress St. just west of Tucson City Hall. Monday-Friday – 8:30 a.m.-4:30 p.m.

Services Provided

Yuma IRS Office: 2285 S 4th Ave  Yuma, AZ  85364  Phone:  844-545-5640. Closest major cross streets are S 4th Ave and W 23rd St. right next to Safelight Auto Glass. Monday-Friday – 8:30 a.m.- 4:30 p.m. (Closed for lunch 12:30 p.m.-1:30 p.m.)

Services Provided

Bullhead City IRS Office: Virtual Assistance Only  Phone:  844-545-5640.

Services Provided

If you are in need of Arizona IRS Representation, call and talk with me today –  Scott Allen, E.A.

3155 E Southern Ave  Ste 101  Mesa, AZ  85204  Phone:  480-926-9300