William Ray
Insight
What You Need to Know About Cancellation of Debt Income
by
William Ray
on
Dec 28, 2016
If you have been or are currently in a financial crisis, a cancellation of debt is a relief to you. However, it can be treated as taxable income by the IRS. Find out how you can exclude part or all of it from your tax return.
Insight
You Received a Notice from the IRS. What Do You Do Next?
by
William Ray
on
Oct 19, 2016
Receiving a letter from the IRS may incite some panic or fear, but in most cases there are no reasons to feel that way. Here are some details about why the IRS would send you notices — it's not always bad.
Insight
Your Tax Preparer Didn't Sign Your Return? You Should Be Concerned!
by
William Ray
on
Sep 7, 2016
All paid tax preparers are required to register with the IRS each year and renew their Preparer Tax Identification Number (PTIN). They are also required to include the PTIN on any returns they prepare and sign the return. The PTIN allows the IRS to match up incorrectly prepared and falsified returns with those who prepaid them.
Insight
Do You Have Something in Common with Iggy Azalea?
by
William Ray
on
Apr 21, 2016
You may or may not know who Iggy Azalea is, depending upon your musical taste and exposure, but if you're facing a Tax Lien, you may have something in common with the Australian rapper.
Insight
Falsely Padding Deductions on Returns is on the IRS Annual "Dirty Dozen" List of Tax Scams to Avoid
by
William Ray
on
Mar 10, 2016
The IRS has advised taxpayers to avoid being tempted to take false larger deductions or expenses on their tax returns, thereby paying less than what they should owe in taxes and possibly receiving larger refunds.
Insight
Have You Received a Notice from the IRS? Here's What You Need to Know
by
William Ray
on
Jan 28, 2016
"IRS Official Notice."
Nobody wants to reach into their mailbox and pull out an envelope with those three words typed across it.
Insight
There's Still Time to Amend Your 2014 Tax Return
by
William Ray
on
Jun 2, 2015
It doesn't matter what the reason is behind needing to amend your return, the good news is that there is still time to make changes, not only to the 2014 that you just filed but also to other year's returns that you've previously filed.
William Ray
William Ray is a specialist in IRS tax resolution problems. His firm, NationStar Tax Advisors, LLC is based in Orlando, FL, but services clients throughout the U.S. NationStar specializes in Wage Garnishment,Bank Levy, IRS Audit Notification, Payroll Tax Relief, and State Tax Problems.
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