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Turbo Tax is the future of filing your individual tax returns. It is estimated over 70% of all IRS Forms 1040 will be filed with Turbo Tax next year. Why pay a CPA $500 or more to prepare a return you can do for free on Turbo Tax.

I offer a full line of Turbo Tax support for those who need a little extra help. Preparation Support; Audit Representation; Penalty Removal for all Turbo Tax…

Secret to Tax Debt Forgiveness

The secret to dealing with the IRS is pulling and analyzing the taxpayer’s transcripts and record. One must do this before calling the IRS. It is vital these transcripts and records be pulled electronically as it will not alert an attentive Revenue Officer as too obvious issues that may otherwise have been noticed had the RO manually pulled the transcripts. Transcript analysis is also vital…

Back Wage and Income Records

I provide back IRS Wage and Income Tax records so you can easily file your back tax returns when your back year records are lacking. The cost of this service is only $50. Contact me on my website: https://michaelcpa.tax or phone me at 503 474-9130. Service recovers all the back year W2’s and 1099s needed to accurately report your income.

It is now possible to protect your federal income tax returns from audits, CP2000’s, and the dreaded accuracy penalty. I will monitor your IRS records for changes and flags your return has been selected for audit, a CP2000 (Notice of Unreported Income). These flags usually occur about 7 months before you are notified by the IRS. This gives you the chance to review your return, obtain IRS Wage &…

I will be in Tillamook on Saturday

I will be in Tillamook on Saturday, July 13, 2019 at the Ashley Inn to meet with all that have tax liens and problems. Michael Cyr, CPA, EA

The IRS may want to buy you a new car, pay for your medical or term life insurance.

If you owe money to the IRS you can’t afford to pay, the IRS can deduct new car payments and operating expenses from you expected payments. If you and your spouse are both working and contributing to household income, this could mean new vehicles for both you and your spouse. The IRS will also allow you to deduct term life insurance and medical insurance premiums from you expected ability to pay.…

How to determine if you are eligible for Currently-Non-Collectible Status (CNC).

The IRS can place you in Currently-Non-Collectible Status (CNC) if your income is less than or equal to their qualified living expense. The key to determining if you qualify, is to fill out Form 433-A and send to me using your actual income and expenses. I can compute what the IRS will allow as qualified living expenses and will determine if you qualify for CNC status. If you qualify, I can…

The Internal Revenue Service places an estimated 36,000 Federal Tax Liens on real estate owned by U.S. Taxpayers. A few are able to settle their tax debt and get the liens removed. A few more taxpayers end up filing bankruptcy. Most taxpayers and accountants don’t know how to get these tax liens released. Many taxpayers walk away from their property because they can’t afford to pay the debt and…

Expatriates have special filing requirements

If you are a US Expatriate you have special filing requirements. Even though you live outside the United States and have no U.S. sourced income, you must file a U.S. Tax return claiming your worldwide income. There are also special filing requirements if you have foreign bank accounts totaling $10,000 or more any time during the years. There are additional filing requirements if you have an…

What if you can’t pay the amount of tax owed?

If you can’t pay the amount of tax owed to the IRS, I can request the IRS place you on their Currently-not-Collectible list. This will stop collections until your situation changes. The statute of limitations on collections will continue to run and when it reaches the 10-year expiration date, your tax debt goes away forever. This is a great deal!

Do you qualify for an Offer to settle your tax debt for less?

This is a free service I offer in exchange for you registering your email and filing out a short questionnaire about your current financial situation. It is a $1,500. value.