Landmark Tax Group - July 2021

Landmark Tax Group - July 2021

Landmark Ledger

(949) 260-4770 Professional | Experienced | Licensed Expert IRS & State Tax Relief

July 2021

Find Independence From the IRS With a Fresh Start!

The month of July is closely associated with Independence Day. It’s a celebration of freedom and, of course, independence. For many people, it’s a day of food, family, friends, and fireworks — the perfect moment to kick back and relax. Having time to spend with friends and family during this holiday weekend is an American tradition, but there’s another “American tradition” that can often put a damper on the festivities. I am talking about IRS taxes — especially back taxes and debt. When you have back taxes and debt hanging over your head, it can be difficult to think about the things you would rather be doing, like having fun this summer. With Tax Day pushed back to May 17 this year, many people are getting letters from the IRS right now, and it’s anything but fun. So, this month, I thought it would be the perfect time to talk more about the IRS Fresh Start Program. It’s specifically designed to help you and other taxpayers, who may be feeling the burden of their tax debt, find independence from the IRS. The Fresh Start program is built around the idea of freedom. Right now, you might be feeling held back by an IRS tax debt, but you may be closer to putting that behind you than you think. I will say not every taxpayer with debt may qualify for the program, but we can help determine if you are and what your best next steps will be. Even if you don’t qualify, we can help you figure out your best plan-of-action. (To learn if you qualify, visit the website listed at the end of the article.)

And, really, that’s what the program is all about: figuring out your best next steps and how you can take them in order to remove the tax burden. Taxpayers who have participated in the program have learned how to gain control over back taxes and have gotten access to expert strategies on how to deal with the IRS in some of the best ways possible. Over 500 taxpayers throughout the country have already taken advantage of our free material, including our free video on “How to Get a Fresh Start with the IRS.” And I want to mention that again — this offer is completely free and a great way to save thousands of dollars in professional tax fees. Put yourself on the path to freedom and independence from IRS debt! Simply visit LandmarkTaxGroup.com/ FreshStart to learn how the IRS Fresh Start Program works,

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completely free. Regain control over your taxes, so you can kick back, relax, and watch the fireworks without worrying about what you owe the IRS.

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The Meow at 10,000 Feet

High on the slopes of Bristen, a mountain in the Glarus Alps in central Switzerland, a pair of skiers discovered something unexpected. At 4:30 a.m., the skiers climbed toward the summit of Bristen when they realized they weren’t alone. They were being followed by a cat — not a lynx or a wildcat, but a little mewling house cat.

to bleed from the hard snow,” Cyril noted. “We picked her up and carried her when she was too exhausted to walk uphill anymore. We were definitely confused. I felt really sorry for the cat. She was really exhausted on the ridge underneath the summit." The cat stayed with them for some time before they met up with another group of hikers who were headed down the mountain. The cat joined them for what would hopefully be a journey back home. And it was! Remarkably, the cat’s owners were found. They revealed that their cat had vanished four days earlier and apparently followed yet another group of hikers up Bristen. "Animals do weird things. And they are way tougher than humans. They'll never give up. Even though they are hurting really, really bad," Cyril said of his feline hiking companion. Hopefully, that will be the little feline’s last trip up for some time!

How does a house cat end up on the slopes of a snow- covered, 10,000-foot mountain? This was an answer the skiers wouldn’t get. They weren’t even sure what to do with a cat in general. It’s likely that it simply wandered away from one of the nearby towns or villages near the base of the mountain, but even for a human, that’s a major undertaking.

Lost, the cat followed the only sign of civilization it could find: the skiers, Cyril and Erik Rohrer. "She started to shiver, and her paws began

Get IRS Penalties Removed What You Need to Know

Reasonable Cause This provision can be pursued if there were circumstances outside of your control that prevented you from meeting your federal tax obligations for the period(s) in question. In general, there are nine main "Reasonable Cause" arguments to get penalties removed.

Penalties and interest imposed by the IRS can double or triple your federal tax liability. However, there are two primary methods taxpayers can use to reduce or eliminate penalties and interest. These penalty abatement provisions:

1. First Time Abatement 2. Reasonable Cause

Here are a few examples:

First Time Abatement This provision states that the IRS can abate a penalty if you did not incur a penalty during any of the three preceding years of the oldest liability year. Here’s an example: John Doe owes for 2013, 2014, and 2015. The oldest tax year is 2013. If no penalties were incurred in 2012, 2011, and 2010, the IRS may be able to abate the penalties for 2013 based on the First Time Abatement rule. And, as the name suggests, it’s a one-time consideration by the IRS. Once it’s been successfully pursued by a taxpayer, it will no longer be an option for subsequent tax periods.

• • • •

Death or serious illness in the family Fire, casualty, or natural disaster

Inability to obtain records Undue economic hardship

If you’re facing penalties or interest on your IRS liability, don’t wait to reach out. You can learn more about how to obtain a First Time Abatement, as well as get the full list of all nine Reasonable Cause examples at LandmarkTaxGroup.com/Penalty .

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LANDMARK TAX GROUP EARNS TWO BIG ACCOLADES!

business owners who are behind some of the most impactful businesses across the country. We’re also thankful for our clients who have left us great reviews of our services and the results we have worked hard to get for them. Both of these accolades represent our tireless effort to help people overcome their IRS tax issues. We look forward to putting forth continued efforts and helping more taxpayers who are looking for IRS tax relief.

It’s been a big year for Landmark Tax Group! We were recently recognized by Yelp! as one of the “most highly-rated and best reviewed businesses on Yelp!” We have achieved a 4.93-star rating on the platform, along with 15 reviews. In addition to this, Landmark Tax Group was recognized at the 4th Annual Seminole 100, an event celebrating the 100 fastest-growing businesses owned or led by Florida State University alumni. Landmark Tax Group ranked 19 out of the 100 businesses after experiencing unprecedented growth. We’re proud to be recognized as a Seminole 100 honoree and to be among such an esteemed group of entrepreneurs and

S UDOKU

TAX QUOTES

“I’VE FILED A TAX RETURN EVERY YEAR SINCE I WAS 13. THE LAST DECADE HAS BEEN ABOUT THE LOWEST TAX RATE. IT WAS TOUGHER WHEN I WAS SELLING SHIRTS AT PENNY’S.”

— WARREN BUFFETT

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Inside This Issue Gain Newfound ‘Independence’ From the IRS 1 The Miraculous Mountain Cat Yes — You Can Get IRS Penalties Removed! 2 Yelp! Honors Landmark Tax Group! Tax Quotes 3 5 Wacky Pizza Trends From Around the World 4

Sudoku Answer Key

They Eat What on Pizza?! Here in the U.S., pineapple is considered a wild and controversial pizza topping. Even celebrities take a stand. Justin Bieber is pro-pineapple, but Jimmy Kimmel is against it. According to a 2019 YouGov Omnibus study, only anchovies and eggplant are more hated. But in other parts of the world, the tangy yellow fruit is far from the strangest topping you’ll see!

5 Wacky Pizza Trends From Around the World

3. Haggis Pizza (Scotland) — Pizza may be the only semi-enjoyable way to eat haggis: a mix of sheep or calf offal, oatmeal, suet, and seasonings that are boiled in an animal’s stomach. Last year, Papa John’s got in on the action when it released a limited-edition haggis pizza in honor of a Scottish poet, Robert Burns. 4. Mockba Pizza (Russia) — This local pie comes topped with four kinds of fish (sardines, tuna, mackerel, and salmon), onions, herbs, and occasionally fish eggs. Most troubling of all, it’s served cold! 5. Chickpea Pancake Pizza (Argentina) — In Buenos Aires, locals top their super-cheesy pizza slices with fainá — chickpea pancakes cooked separately from the pies and balanced on top of each slice. Keep these pizzas in mind when planning your next international vacation! They might be tastier than they sound, and if not, they’ll still make great Instagram fodder. As actor Cole Sprouse once tweeted, “You're losing followers because you're not relatable enough. Try mentioning that you eat pizza. If that doesn't work, play the ukulele.”

Here are five wacky pizza trends from around the globe that will either make you hungry or inspire you to sprint the other way. You may want to order a comforting cheese pie from your favorite local pizzeria before reading this, just in case. 1. Banana-Curry Pizza (Sweden ) — The Swedes first accessed bananas in 1944, and since then, they’ve put them on everything, including pizza which they top with tomato sauce, smoked cheese, banana slices, and curry powder. 2. Ketchup and Corn Pizza (Brazil) — According to several sources, Brazilians swap pizza sauce for ketchup or tomato slices and top their pies with strange combinations of local ingredients like corn, beets, hearts of palm, and potato sticks.

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