Indexed Universal Life

ITIN stands for Individual Taxpayer Identification Number. An Individual Taxpayer Identification Number is a nine-digit tax processing number that the IRS uses. It is only available for certain nonresident and resident aliens and their spouses, as well as dependents who can’t get a Social Security Number (SSN). ITINs begin with the number “9,” and are formatted like SSNs.

You’re allowed three years from the deadline to file your previous year’s return and claim your refund. Generally, you’ll have to go back and file your last six years of tax returns and pay any back taxes to return to good standing with the IRS.

At Tax Defense Network, we can help with personal tax preparation, as well as small business tax preparation. We also offer customized packages to help those dealing with unfiled tax returns, back taxes, way garnishment, and other tax debt problems.

Yes. Here are some great individual tax filing tips: In preparing for tax season, look over your tax returns from the previous year to look for any entries that will be similar and identify any fields that may be very different, especially if you had a big life event occur. Know whether you need to file and what your filing status is (single, married filing jointly, etc.) Make sure you have all the tax preparation documents and tax forms you need to prepare your tax return. Figure out which expenses you can and cannot deduct. Avoid making silly mistakes by checking over your entries a few times with a careful eye. If you live in a state with a separate income tax return, don’t forget to file it. Report all your income, down to the cent. Do not fall prey to tax scammer who may call you pretending to be the IRS. File before the deadline to avoid any penalties or unnecessary interest. Be careful when it comes to mixing business and personal expenses.

Yes. And IRS payment plan options aren’t always one-size-fits-all solutions – for instance, some plans are built around how much you owe and your ability to pay. One of our licensed tax professionals can determine the best monthly rate for which you may be approved, request the IRS installment agreement online or by phone, and finalize the details of your arrangement.

Yes. If your tax debt balance is below $50,000 (including penalties and interest), the IRS has an online payment agreement application that you can use to get immediate notification if you’ve been approved for a payment plan. Depending on the type of plan you’re approved for, you could also be charged a setup fee. If your debt is above $50,000, you won’t be able to use the online application. Instead, you’ll need to complete Form 9465, Installment Agreement Request Form, and Form 433-F, Collection Information Statement. You’ll need to send these completed forms to the IRS to finish your application.