Senate Republicans on Thursday released a draft bill that would repeal many provisions of the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148. The Senate bill, called the Better Care Reconciliation Act of 2017, differs in many respects from the House-passed American Health Care Act, H.R. 1628, but like the House bill, it would […]
Walter Wotman, owner and head CPA of Tax Champions and his staff have successfully represented a vast array of businesses through the audit process. It doesn't matter if your business is large or small. We make sure that every client is treated with the same professionalism to ensure the best results possible in each and […]
As with most dealings with the IRS, requesting a penalty abatement can be difficult to accomplish on your own without extensive knowledge of tax law and experience in dealing with the specifics of what may or may not qualify for a successful penalty abatement and in many cases it may take appealing the denial of […]
The form used for the most common circumstances for abatement certain penalties is the 843 Request for Abatement and Refund form. Some of the reasons for utilizing this form for an abatement or refund would be for additional tax caused by certain delays or errors by the IRS, an employer error or over withheld tax […]
There are several ways to accrue penalties with the IRS such as failing to pay your tax bill on time, filing your taxes late or not filing at all to name a few. The IRS will agree to abate certain penalties through the First Time Penalty Abatement waiver which can be applied for a single […]
Working with the IRS when you owe them more money than you can afford to pay is never a fun process which lands many tax payers into more trouble by accepting an agreement that they cannot afford. The IRS will always try to get you to pay as much money as quickly as possible using […]
The number one issue that tends to lead to most other tax problems is having unfiled tax returns. The IRS will not consider any type of negotiated settlement or payment agreement until a tax payer is current with their filings. In certain cases, when a number of years go by without filing, the IRS will […]
Dealing with a tax debt that you are not able to pay in full can be a stressful circumstance that is extremely difficult to deal with. The IRS has not made it any easier with hours of being on hold and then when you finally get a live person, there is little compassion for your […]
There are few things worse for an owner than receiving a notice in the mail that your business has been selected for audit. Although it is possible to go through the audit process on your own, without knowledge of tax law and the audit process you are at the mercy of the auditor. With representation […]
As a long haul truck driver you spend most of your life on the road, and taking care of the little things can be problematic. We have seen a sharp rise in long haul truckers who become our clients. They typically have not filed tax returns for many years. And their records to assist us […]
