Ace Plus Tax Resolution

03/14/2024

Big Announcement: My Tax Relief Expertise Featured in AP News Press Release! 📰

I'm honored to have contributed my insights on the upcoming wave of increased IRS collections and audits in 2024 to an Associated Press News press release published yesterday.

As a Certified Tax Resolution Specialist and a CPA, I was able to provide an in-depth look at the IRS's plans to ramp up enforcement actions like collection notices, audits, liens, and levies this year after years of pandemic leniency.

The release covers key points like:
• The IRS is expanding its workforce with a 55% auditor increase targeted for 2024 alone, raising audit rates dramatically
• Types of delinquency notices (LT38, CP59, CP504, CP3219N, etc.) taxpayers with back taxes can expect soon
• How audits will intensify for high-income earners but also impact all income levels
• Tax relief options like partial pay installment agreements, offers in compromise, payroll tax relief including Trust Fund Recovery Penalty, penalty abatement, etc.

I would like anyone dealing with unfiled returns, unpaid taxes or other tax debt issues to read the full press release and take proactive steps to get into compliance before aggressive IRS collection actions begin.

As a tax professional, I'm here to guide taxpayers through all available IRS resolution programs and solutions tailored to their circumstances. Don't go it alone against the IRS in 2024 - partner with an expert to resolve your tax problems properly. Feel free to share the press release with anyone who may need help with tax debt. Reach out if you need my assistance in tackling your specific tax situation, as the IRS strikes hard this year.

*Link to AP News Press Release -

12/26/2023

Great review from Bob... "James and team did a terrific job in getting my late fee penalty abatement and refund from the California FTB. They were professional, conscientious, knowledgeable, and successful. I highly recommend them."

"James and team did a terrific job in getting my late fee penalty abatement and refund from the California FTB. They were professional, conscientious, knowledgeable, and successful. I highly recommend them."

12/19/2023

Explore the latest IRS penalty relief measures, offering a lifeline to millions facing back taxes. Learn more.

12/19/2023

Beginning in 2024, a special election allows a taxpayer purchasing a new clean vehicle or previously owned clean vehicle, to transfer the entirety of the allowable credit to an eligible (registered) dealer. The dealer in turn applies the credit to the purchase of the vehicle. But there are pitfalls.

Beginning in 2024, a special election allows a taxpayer purchasing a new clean vehicle or previously owned clean vehicle, to transfer the entirety of the allowable credit to an eligible (registered) dealer.

12/13/2023

Great review from Don... "Mr. Cha was on top of everything that we needed. He was negotiating with the IRS efficiently and professionally. We would strongly recommend him to anyone..."

"Mr. Cha was on top of everything that we needed. He was negotiating with the IRS efficiently and professionally. We would strongly recommend him to anyone..."

12/13/2023

To protect yourself from IRS tax payment check washing fraud, consider implementing the following safeguards.

12/12/2023

The answer to the question “what income is taxable?” can have some unpleasant surprises and unexpected outcomes.

12/12/2023

Great review from D**g... "Mr. Cha was on top of everything that we needed. He was negotiating with the IRS efficiently and professionally. We would strongly recommend him to anyone who has issues with the IRS."

"Mr. Cha was on top of everything that we needed. He was negotiating with the IRS efficiently and professionally. We would strongly recommend him to anyone who has issues with the IRS."

12/04/2023

A landmark December 5 Supreme Court case could change the face of certain parts of the American tax code.

On December 5, the United States Supreme Court will hear a court case that could hugely impact the American tax code. Learn about wealth taxes.

12/04/2023

From coast to coast, healthcare systems are receiving billions of dollars in tax breaks. Find out what all the debate is about here.

Healthcare systems are receiving billions in tax breaks across the country, leading to national debate. Find everything you need to know here.

11/27/2023

Here are the December 2023 Individual Due Dates

11/22/2023

Year-end is rapidly approaching, as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2023 and 2024.