Dream Tax Service Inc.

08/22/2024

With all of the increased pricing and elevated costs for just about everything here is something FREE for those who really need it!
This information is designed to help those who may not be in a position to pay a professional but really need wisdom on how to get themselves out of a situation with the IRS.

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Blessings!

04/03/2024

Attn: Veterans - When filing your VA Claim you are eligible for back pay compensation from the time that you actually filed your claim. If you or someone you know has served in the U.S. Military for a minimum of 2.8 years and was discharged honorably then more than likely you are eligible for lifetime compensation.
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03/15/2024

Small Biz Owners:
When you contract others to work for you get a w9 form from them so you don't get stuck paying their taxes....

12/05/2022

How to avoid an audit:

If you’re still worried that you’ll fall into the less than 1% of taxpayers who have their returns audited, be sure to avoid common mistakes the IRS computer system is more likely to flag.

“Some mistakes that taxpayers make may seem obvious, but they get overlooked,” says Borst. Here are some of the most common ones he sees.

-Mathematical errors
-Numbers in your return not matching documents submitted by other payers
-Mismatched tax ID numbers
-Income not matching
-Mis-entering dependents’ Social Security numbers
-Forgetting to sign your return
-Overestimating the value of property donated to charity
-Reporting unusually large deductions (say, for business expenses) compared with previous years
-Claiming losses from a business activity the IRS views as a hobby (“Horse breeding is a classic,” Borst says.)
-You’d also be wise to figure out the exact amount for any deduction you’re claiming, rather than using round numbers. The IRS uses a mathematical approach to select returns for audit. “If you say your travel expenses are $400, they say, ‘That doesn’t look right.’ If you say $397, that looks more realistic.”

If you are being audited and need help - Call Dream so you can Sleep at night!

09/22/2022

If you served your Country honorably and sustained an injury or suffered illness during your time of service, you may qualify for lifelong compesation!

Did you know that there is a great chance that you are eligible to receive disability compensation from the Department of Veteran Services. If you...

09/21/2022

Does The IRS owe you money? More than likely they do but they are not going to call you or send you a letter to let you know.

08/24/2022

According to federal law the IRS must cease all liens upon the receipt of an offer in compromise! Contact us today for more information