CTR Warns Taxpayers Of Problems Associated With Untaxed Income

Share Article

Tax experts at company CTR are warning anyone that has received untaxed income in any form of the potential consequences on their returns.

CTR Logo

Occasionally in life, whether from positive sources like the lottery or cases like relief from credit card balances, people will have income that does not get taxed until a return is filed.

Every year, income tax season provides an opportunity for professional tax companies like CTR to evaluate their services and improve upon them for subsequent seasons. The expert team at Stanton tax lawyer has implemented some changes to its core programs. Based on recent client experiences, the company has decided to help protect taxpayers from the consequences of untaxed income.

Occasionally in life, whether from positive sources like the lottery or cases like relief from credit card balances, people will have income that does not get taxed until a return is filed.

“We’ve seen clients that are shocked when tax season comes around and the thousands of dollars of debt that was forgiven is seen as income, and all of the sudden they owe the IRS on that money. That’s why we’ve trained our tax lawyer Alaska to help take the surprise away by showing taxpayers the areas in which they can expect to be taxed,” said a CTR spokesperson.

The main tenet of CTR's new tax program is based on each individual's personal financial situation. These tax professionals recently receiving training to analyze documents like income statements, receipts and expense reports to determine what areas may affect a taxpayer when their income tax return is filed. A client that consults with a specialized tax preparer will be able to find out exactly how much they will owe the IRS once they've submitted their tax return. An tax attorney Agoura Hills helped a new client to prepare for the extra $1,000 in federal taxes they would owe this year, allowing them to properly budget for the unexpected balance.

Preliminary discussions at CTR's main office led to the central goal of developing this new service. IRS debt can sneak up on taxpayers when they don't know extra taxes are coming. Tax agencies can begin charging interest and penalties on unpaid taxes as soon as the payment deadline has passed. For this reason, the company's tax return preparers encourage clients to get a head start on income taxes so that there is time to consider any potential issues that may arise. Getting tax returns done with tax attorneys Alaska is a smart move in safeguarding from problems ranging from tax fraud to unmanageable tax debt.

CTR offers tax debt resolution and tax services for individuals and businesses across the United States. The company uses a three-step program to create personalized strategies to help taxpayers settle their IRS debt. The company offers many services, including: state and federal tax debt resolution, IRS audit defense, tax preparation and bookkeeping.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Henry Johnson
CTR
(800) 444-1045
Email >
Visit website