Fanta Kaba's (fantak) Blog

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Industry Observer - OnPoint Resolution LLC
RECENT BLOG POSTS
Live in Mount Laurel, NJ? Here is a quick story about IRS Tax LienWhat Happens When You Don't Pay Your Taxes to the IRSImagine you have a piggy bank where you keep all your treasures. But one day, you forgot to share some of your treasures with a friend, like you promised. That friend is like the...
02/21/2024
An IRS penalty is a financial charge imposed by the IRS on taxpayers who fail to comply with tax laws, including not filing tax returns on time, failing to pay taxes owed by the due date, or making errors on their tax returns. These penalties are designed to encourage compliance and timely filing...
02/19/2024
What is IRS Notice CP 90?In Mount Laurel, NJ the IRS Notice CP 90 is a final notice of intent to levy your assets due to unpaid taxes. This critical communication means the IRS is prepared to take serious action, including garnishing wages, seizing bank accounts, or even affecting your passport s...
02/15/2024
Just filed my income tax return, now I am receiving CP14 from the IRS. What do I do now?When you receive an IRS Notice CP14, it means the IRS is informing you that you have unpaid taxes for a specific tax year you have filed. This notice is essentially the first notice you might receive about unp...
02/07/2024
What is IRS notice CP501 and what should you do when you receive it?After filing your income tax return and there is a balance due, the IRS sends the CP501 notice as an initial step in their process of collecting unpaid taxes. It's essentially a reminder for taxpayers who have a balance due on th...
02/05/2024
In Mount Laurel, NJ dealing with the IRS collection process can be frightening, but understanding it is crucial to resolving back tax debts effectively.Notice of Back Tax Debt: The process begins when the IRS sends a notice, detailing your tax debt and demanding payment from you. This is your cue...
01/25/2024
Business owners in Mount Laurel, NJ! Managing a business is tough, especially when it comes to dealing with IRS taxes. Not following the IRS rules can lead to big fines, penalties, and even legal trouble. You definitely don't want your business to get into hot water for not filing taxes. Here are...
01/17/2024
Today, we're going to explore the world of taxes. It might sound complicated, but it's actually quite interesting. We're going to learn about two types of taxes: Payroll Tax and Income Tax. Let's break it down into simple terms.What is Payroll Tax?Imagine you have a piggy bank where you save mone...
01/15/2024
Imagine opening your mailbox to find a notice from the IRS, declaring a lien on your assets. That's an IRS statutory lien, and it's something every taxpayer should be aware of.The Lifecycle of an IRS Lien: From Assessment to ResolutionAn IRS statutory lien is not a piece of paper but a legal clai...
01/08/2024
Are you a business owner or entrepreneur based in Mount Laurel, NJ? Well, congratulations on your success! However, with the success of your business comes the responsibility of filing your payroll taxes on time. Filing taxes can seem like a daunting task, especially if you're new in the business...
08/30/2023
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