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Timalyn S. Bowens
Feb 12, 20245 min read
Are Gambling Winnings Taxable?
Here is something you can bet on and win every time. The Internal Revenue Service (IRS) wants you to report and pay taxes on all your...
Timalyn S. Bowens
Jan 22, 20244 min read
What is a Federal Tax Lien?
A federal tax lien is essentially the IRS calling "dibs" on your property. It means they have a legal right to your property until you...
Timalyn S. Bowens
Jan 16, 20244 min read
What is a Tax Levy?
I've been in the tax industry since 2011. In my experience, there are two major fears of people who owe the IRS without the ability to...
Timalyn S. Bowens
Jan 7, 20243 min read
What is an Enrolled Agent?
An Enrolled Agent is the highest credential that the IRS awards to a tax professional. This credential gives the tax professional unlimited
Timalyn S. Bowens
Feb 7, 20215 min read
Self Employed Sick and Family Leave Credits (Explained)
2020 was the year of all people being tax people. There was and continues to be a lot of misinformation about taxes going around on the...
Timalyn S. Bowens
Jan 30, 20215 min read
Three Things to Consider When Choosing A Tax Professional So You Don’t End Up With Tax Trouble
Tax time is here! Covid-19 has brought about a lot of tax changes due to the different relief actions that the Government provided during...
Timalyn S. Bowens
Jan 23, 20215 min read
3 Steps Taxpayers Should Take to Prepare for Tax Season and Avoid Tax Problems
Let's be honest: taxes are a topic that most people hate to think about, especially if they end up owing money in back taxes every year....
Timalyn S. Bowens
Jan 15, 20218 min read
How to Fill Out a W-4 Properly and Avoid Owing the IRS
I've noticed in my time of being a tax professional, even before I became an EA, that one reason that people owe the IRS is because they...
Timalyn S. Bowens
Jan 1, 20215 min read
See How To Qualify For An OIC With The IRS Fresh Start Program Before You Sell Your Soul To The IRS
Debt SUCKS! It controls your life and wears you down. When you owe the IRS they control your life. They tell you what you will pay them...
Timalyn S. Bowens
Dec 11, 20205 min read
Face Your Fears: Your Four Options For Taking On The IRS
Will the IRS put me in jail? Will the IRS garnish my paycheck? Will they put a lien on my property? These are the questions going through...
Timalyn S. Bowens
Dec 4, 20204 min read
Owe the IRS? See How You Can Arrange Payments (Installment Agreements)
You can resolve your outstanding tax debt even if you owe the IRS $30,000 or more! If you cannot pay the bill in full at the time the tax...
Timalyn S. Bowens
Nov 13, 20204 min read
4 Reasons Your Offer in Compromise (OIC) was Rejected
Settle your tax debt for pennies on the dollar! I know you've heard the promises made by the big corporate tax mills on the radio and TV,...
Timalyn S. Bowens
Oct 31, 20203 min read
7 Deadly Sins That Give the IRS More Time to Collect From You
I've noticed on my social media timelines that people have been making statements such as "the IRS only has 10 years to collect taxes...
Timalyn S. Bowens
Oct 29, 20203 min read
My Spouse Owes the IRS, How Do I Protect Myself?
Are you ready to ring your spouses neck because they still haven't taken care of that "little tax problem" they told you they have? You...
Timalyn S. Bowens
Oct 20, 20204 min read
3 Reasons You May Be Able to Get Your IRS Penalties Removed
Missing a tax deadline can cost you time and money. Not filing alone can quickly add up with a failure-to-file penalty that can add up...
Timalyn S. Bowens
Oct 19, 20204 min read
How to Get Your IRS Penalties Removed
No one likes to pay penalties. IRS penalties are no exception. They are often avoidable but are added to the tax assessed due to lack of...
Timalyn S. Bowens
Oct 14, 20202 min read
Avoid the Kiss of Death in Your Business
163,765 US businesses closed as of August 31st due to the pandemic, according to Yelp. They also reported that of those businesses...
Timalyn S. Bowens
Oct 7, 20204 min read
What is a Tax Levy? What You Should Do If You Get One
Losing sleep from falling behind on debt is stressful. It is even less fun when a levy is placed on your assets. In this article, we will...
Timalyn S. Bowens
Oct 2, 20204 min read
Avoid These 5 Common Tax Filing Mistakes That Can Get You In Tax Trouble
Whether you file the simple 1040 or a complex 1040 with a raft of schedules, making a mistake on your return could lead to big tax...
Timalyn S. Bowens
Sep 23, 20203 min read
Can You Cut a Deal with the IRS?
2020 has been a financially devastating year for many hard working Americans. Some of us have been faced with problems like losing...
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