Do you owe taxes but don't have the money to pay them back? Currently not collectible status could be the best tax resolution for you. Find out more about your tax resolution options for free by downloading our infographic. https://hubs.ly/H0wHXLq0
Polston Tax was blessed with the opportunity to help out in the community today as part of the United Way Day of Caring. Our group volunteered to help expand the center’s playground by tearing down parts of the fence, removing sod and putting in polls for a new area that kids will be able to enjoy!
Center for Children & Families (CCFI)
September 18 at 9:03 AM ·
Day of Caring is officially underway thanks to this energetic group from Polston Tax! Thank you, United Way of Norman, for allowing our community to come together and volunteer. #CCFINorman #UWNDOC2020 #LiveUnitedNorman
If you are self-employed or don't have taxes taken out of your paycheck, its almost time to make your estimated tax payment! Here's what you need to know!
https://hubs.la/H0vJCwp0
POLSTONTAX.COM
September Tax Deadline Approaching!
At Polston Tax, we are incredibly grateful for the men and women who selflessly choose to serve our country.
Especially Colton Clark (Airforce) and Addison Love (Army) – the sons of two of our employees!
We have many family members among our staff that currently serve, and are incredibly grateful for their sacrifice.
Congratulations and THANK YOU for your service!
Are you unable to pay taxes because of your current financial situation? Currently Not Collectible(CNC) status placement may be a good option for you! CNC status allows you to not make payments on your tax debt while you are in financial hardship. https://hubs.ly/H0v0dGf0
YOUTUBE.COM
What is Currently Not Collectible Status?
One of the most sought after tax resolution also happens to be one of the hardest resolutions to get approved for. An Offer in Compromise gives you the option to settle your tax debt for as low as $5, but it depends heavily on your current financial situation. Find out more here https://hubs.ly/H0v0p8Q0
Your tax debt may not be your top priority right now, but right now could be the best time to resolve it! Tackling your tax debt now could help you save money or get a lower tax payment!
https://hubs.la/H0xbTRM0
POLSTONTAX.COM
Why NOW Is the Best Time To Settle Your Tax Debt!
Can't pay off your tax debt all at once? There are options out there for you! The IRS offers several different types of payment plans for taxpayers who need help paying off their tax debt. One of those options is the Partial Pay Installment Agreement! https://hubs.la/H0wJjTJ0
Sometimes we see our clients get into tax trouble due to making a small mistake when filing their tax return. That small mistake can lead to a big tax debt and to more problems. That's why we're here to help.
We just love kicking off the weekend with another 5 STAR review!
Want to be our next success story? We're here to help! 😀
Polston Tax got to participate in this years Cannacon 2020! If you are needing help with the accounting or taxes for your cannabis business, we are here to help! Check out the different ways we can help you here! https://hubs.la/H0xbKV90
If you have an installment agreement with the IRS for past taxes and are filing your tax return this year and will owe, it is important to know that the new tax balance could default your current installment agreement.
https://hubs.la/H0wHXRZ0
POLSTONTAX.COM
Can you have 2 installment agreements with the IRS?
Why do Cannabis Businesses pay more in taxes? It has to do with how the federal government views the industry. Because cannabis businesses are subject to 280E, they are limited on their tax breaks and end up paying a much higher tax rate. That's why Polston Tax is here to help! We can help cannabis businesses with their structuring and accounting to make sure they maximize their profits! https://hubs.la/H0xW5_j0
Enrolled Agent Ryan Milam got the opportunity to speak at BBB’s 2021 planning panel with other panelists from Standards IT and Arvest Bank. The panel was part of their Trust Talks that they put on throughout the year. Ryan got to discuss tips and resources for business owners going into 2021.
We often see our clients have had to make the hard choice of either paying their tax bill or paying to keep the lights on and food on the table. That's why we're here to help you. Our client had to choose between paying for his mother's medical care or paying his tax bill. We were able to help him get a resolution with the IRS to settle his tax debt once and for all.
Is the IRS saying you should be paying more than you can afford on your tax debt? The IRS has a specific formula that it uses to determine how much you should be paying on your tax debt. https://hubs.la/H0xW3Wv0
POLSTONTAX.COM
How Does the IRS Calculate Your Ability to Pay?
What income can be garnished? If you owe money to the IRS, one way they can collect is by garnishing your wages or other types of income.
https://hubs.la/H0xW2Dw0
POLSTONTAX.COM
What income must be exempt from Garnishment?
Our very own IRS Enrolled Agent Ryan Milam will be a part of the Better Business Bureau of Central Oklahoma strategic business planning panel. You can catch him on October 22nd speaking about tax planning tips for your business!
Better Business Bureau of Central Oklahoma, Inc.
October 8 at 7:01 AM ·
Is your business ready for 2021? 📅
#PivotInThePandemic by attending our TRUST Talks ™ - 2021 Strategic Business Planning Panel on Oct. 22.
We know planning during a pandemic is unpredictable. To help your business get ready, we’ve partnered with local industry experts who can give you tips and ideas from all aspects of your business.
Don’t miss your opportunity to register for this #FREE virtual event.
Click the link for more info and to register: https://bit.ly/2HQXH25
Last month Polston Tax helped 96 clients resolve their IRS and State tax issues! We were able to secure Offer in Compromises, negotiate low payment plans, and help end their tax problems once and for all. Our mission is to bless the lives of everyone we interact with, every day, and we are blessed to have the privilege to provide our clients financial freedom! Through these resolutions, Polston Tax saved our clients over $685,000 in the month of October!
Legal Manager and Enrolled Agent, Jen Tomlin, is celebrating 5 years with Polston Tax this month! Jennifer is one of a kind. She works tirelessly on behalf of her clients and exemplifies everything that Polston represents through her compassion, leadership, and work ethic. We are so grateful for these past 5 years and are looking forward to many more! Help us celebrate Jennifer today!
Polston Tax has an enormous amount of respect and continued gratitude for our heroes; America’s Veterans. We’d also like to recognize the heroes that belong to our Polston Family, and give them a special “Thank You” for serving our country! We are all indebted to you for your service and are blessed to know and work with you. Happy Veteran’s Day!
Last month Polston Tax helped 102 clients resolve their IRS and State tax issues! We were able to secure Offer in Compromises, negotiate payment plans, and help end their tax problems. Through these resolutions, Polston Tax saved our clients over $1,097,000 in the month of January!
Tax season is here! If you need help preparing your personal tax return or the tax return for your business, Polston Tax can help! Our team of tax preparers can help you determine the best tax deductions for you!
Each month we work hard to help resolve our client's tax issues. Sometimes this means getting them into a payment plan or into a resolution like Currently Not Collectible. Here are two cases we were able to resolve this month.
https://hubs.la/H0FdPHx0
POLSTONTAX.COM
Closed Case Round Up: January 2021
It's Tax Tip Tuesday! Did you know that you can deduct charitable donations for 2020 even if you don't itemize? Due to the CARES Act allows you to deduct up to $300 in cash donations on your 2020 federal tax return. #PolstonTaxTip
If you owe money to the IRS, they can freeze the money in your bank account to collect on your debt. Bank levies can be devastating for taxpayers. Here's what you need to know! https://hubs.la/H0FdPFY0
POLSTONTAX.COM
What is a Bank Levy?
Last month Polston Tax helped 93 clients resolve their IRS and State tax issues! We were able to secure Offer in Compromises, negotiate low payment plans, and help end their tax problems once and for all. Our mission is to bless the lives of everyone we interact with, every day, and we are blessed to have the privilege to provide our clients financial freedom! Through these resolutions, Polston Tax saved our clients over $840,000 in the month of December!
