Posted by Travis Watkins | Jul 17, 2019 |
Oklahoma tax lawyer, Travis Watkins, warns business owners to take immediate action.
Travis W. Watkins Tax Resolution & Accounting Firm has helped many Oklahoma businesses reach success with payroll tax problems.
The new and improved IRS is actively seeking convictions against taxpayers guilty o...
Posted by Travis Watkins | Jul 16, 2019 |
The Oklahoman recently interviewed Oklahoma City tax attorney Travis Watkins of Travis W. Watkins Tax Resolution & Accounting Firm, about a huge victory for an Oklahoma City man in tax trouble using the IRS' Offer in Compromise program.
How does someone run up $2,000,000 in back taxes with the IR...
Posted by Travis Watkins | Jul 16, 2019 |
Every year, thousands of people face an audit, levy, lien, or other collection effort by the Internal Revenue Service (IRS). Dealing with the IRS is serious business. The average person doesn't know where to start when faced with a tax issue. Do you try to represent yourself, or do you seek the a...
Posted by Travis Watkins | Mar 26, 2019 |
Travis W. Watkins Tax Resolution & Accounting Firm's principal, Travis Watkins, has some curious advice for taxpayers in IRS trouble. These tips may prevent an IRS problem before it begins.
1. Don't extend your filing and payment deadlines, if you can help it. If you want to avoid tax problems, ...
Posted by Travis Watkins | Feb 13, 2019 |
A federal employee lost everything in a tornado, but gained a tax problem in the process. He found a local relief from Travis W. Watkins Tax Resolution & Accounting Firm.
"A 61-year old Tinker employee went to the offices of Travis W. Watkins Tax Resolution & Accounting Firm for tax relief recent...
Posted by Travis Watkins | Dec 13, 2018 |
Travis W. Watkins Tax Resolution & Accounting Firm helped an Oklahoma City taxpayer score some points with the woman of his dreams by fixing his lingering tax problem.
A 2016 survey reveals that women value security as the #1 thing they are looking for in a relationship. A close third is open com...
Posted by Travis Watkins | Nov 12, 2018 |
The end of the year is a very busy time for all businesses. While most businesses are spending time focusing on the busy holiday season or completing year-end transactions, they also need to start preparing their books for the upcoming tax and accounting season. This ends up creating a large rush...
Posted by Travis Watkins | Nov 09, 2018 |
Dealing with the IRS can be complex, confusing and downright scary. Misinformation runs rampant, making it hard to discern between IRS fact and fiction.
Read our October newsletter here.
Posted by Travis Watkins | Nov 09, 2018 |
Payroll taxes are the most difficult types of IRS tax debts to negotiate successfully. We answer some of the 5 most common payroll tax mistakes that business owners choose to make.
Read our November newsletter here.
Posted by Travis Watkins | Oct 18, 2018 |
An Offer in Compromise is one of the most valuable tools a taxpayer has when dealing with and oustanding tax liability owed to the IRS. The government is not required to accept your OIC, but if your offer is rejected you do have the opportunity to appeal a rejection—at which point you should mak...
Posted by Travis Watkins | Oct 18, 2018 |
The IRS is the most powerful collection company on the planet. However, you don't just have to tolerate every IRS encroachment. You have rights. Travis Watkins outlines some of those rights to Channel 8's Keith Taylor.
KTUL.com - Tulsa, Oklahoma - News, Weather
Posted by Travis Watkins | Oct 16, 2018 |
In the vast majority of cases of jointly filed tax returns, both marital partners are on board with the information contained in the return and the fact that it is being filed. In some cases, however, one spouse opts to file a joint return without first obtaining the consent of the marital partne...
Posted by Travis Watkins | Oct 16, 2018 |
If you owe money to the IRS, or if the IRS suspects that you do, you may receive Form 9297, a Summary of Contact letter. This form is used to inform you of various pieces of information that you must provide to the IRS in order to assist them in the investigation of your tax problem. Reading this...
Posted by Travis Watkins | Oct 12, 2018 |
Tables for figuring the amount exempt from an IRS levy (like garnishment) on wages, salary and other income are located in Publication 1494 at
www.irs.gov. Simply put, the amount of money exempt from the levy, i.e. the amount you get to take home from your paycheck, is determined by your filing ...
Posted by Travis Watkins | Oct 09, 2018 |
If you owe back taxes to the Internal Revenue Service (IRS), you will quickly learn that the agency uses many specific terms with specific definitions. One of the terms that you might hear is “collection financial standards.”
What Collection Financial Standards Mean to You
The IRS uses collection...
Posted by Travis Watkins | Oct 06, 2018 |
A tax levy is serious business. If you owe money to the IRS and you think that you might be at risk of an IRS wage levy, it is important to understand what that means and what it meant by an IRS wage levy release.
Generally, an IRS tax levy means that the IRS may seize your property and use it to...
Posted by Travis Watkins | Oct 02, 2018 |
If you owe an unpaid tax liability to the IRS, then you likely know how aggressively they can pursue the debt they're owed. Threatening letters sent to your home, phone calls, visits to your place of work: the IRS will employ all of these tactics and more when trying to collect unpaid taxes. It ...
Posted by Travis Watkins | Oct 02, 2018 |
Over the last eight months, I've united with successful entrepreneurs, professionals, and experts from around the world to bring you the guide to success you've been waiting for. And now, I'm willing to share my methodology and mindset to guide and coach you to success in your own life. This i...
Posted by Travis Watkins | Sep 11, 2018 |
Not even close. You are right about one thing, though: if you're not a salaried employee, the IRS can't garnish your wages (that is, withhold a certain amount of your salary from each paycheck until your tax debt is paid in full). The reason the IRS can get away with this strategy for salaried wo...
Posted by Travis Watkins | Sep 08, 2018 |
As a taxpayer, it can often be an extremely frightening experience to suddenly receive a summons from the IRS. Many taxpayers mistakenly believe that a summons is only issued as part of a criminal investigation. In reality, you may receive a summons from the IRS for several different reasons. The...
Posted by Travis Watkins | Aug 14, 2018 |
When you owe money to the IRS, you may find yourself contacted at home or at your business by an IRS Revenue Officer. This can be a frightening experience for any taxpayer. A visit from a Revenue Officer typically occurs in connection with what is known as a field audit. During this process, the ...
Posted by Travis Watkins | Aug 09, 2018 |
IRS Revenue Officers often fill out a 9297 Form - Summary of Taxpayer Contact - memorializing documents, returns and financial information the officer needs from a taxpayer. They give you certain drop dead dates to provide the requested information. Towards the bottom of the form, the officer out...
Posted by Travis Watkins | Aug 02, 2018 |
Facing a tax debt is never a pleasant scenario. The IRS can become an intimidating presence in your life when it determines that you owe money in unpaid taxes. Fortunately for taxpayers, there are often alternative solutions that are available to help relieve the burden. One such example is to re...
Posted by Travis Watkins | May 10, 2018 |
If you are facing an IRS tax problem, you may find yourself being contacted by an Internal Revenue Officer. For many taxpayers, this is a stressful experience. Understanding the role of this individual may help you to prepare. Fortunately, you also do not need to navigate the process alone—an exp...
Posted by Travis Watkins | May 01, 2018 |
As U.S. taxpayers, we are required to pay a certain amount to the IRS during the course of the tax year. Failing to do so can lead to significant underpayment penalties. While these penalties can hit anyone at any time, there are certain situations where underpayment penalties are especially comm...