SMEED CPA, Inc | 201 Sand Creek Road, Suite F | Brentwood, CA 94513 | Phone: 925-634-2344


       

 

 

Michael Uadiale, CPA, ACA, CGMA

SMEED CPA, Inc.

 

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Other Articles

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This Month's Feature Articles

 

- Avoiding an Unexpected Tax Bill

- Five Things to know before Starting a Business

- Tax Considerations when Hiring Household Help

- Choosing a Retirement Destination

- Applying for Tax-Exempt Status as Nonprofit

 

Tax Tips

 

- Early Withdrawals from Retirement Plans

- Tax Relief for Victims of Hurricane Florence

- Employer Reimbursements for Moving Expenses

- Apps for Tracking Business Mileage

- Taxpayers Challenging a Levy now have more Time

 


 

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



 

   

Taxpayers Challenging a Levy Now Have More Time


 

Due to tax reform legislation enacted in December, individuals and businesses now have two years to file an administrative claim or bring a civil action for wrongful levy or seizure.

The Prior to tax reform the limit was nine months. Here are five facts about levies and the extension of time to file a claim or civil action:

1. An IRS levy permits the legal seizure and sale of property to satisfy a tax debt. For purposes of a levy, the term "property" includes wages, money in bank or other financial accounts, vehicles and real estate.

2. The time frames apply when the IRS has already sold the property it levied. Taxpayers can make an administrative claim for return of their property within two years of the date of the levy.

3. If an administrative claim is made within the extended two-year period, the two-year period for bringing suit is extended for one of two periods, whichever is shorter:

- Twelve months from the date the person filed the claim.
- Six months from the date the IRS disallowed the claim.

4. The change in law applies to levies made before, on or after December 22, 2017, as long as the previous nine-month period hadn't yet expired.


5. Anyone who receives an IRS bill titled, Final Notice of Intent to Levy and Notice of Your Right to A Hearing, should immediately contact the IRS. By doing so, a taxpayer may be able to make arrangements to pay the liability, instead of having the IRS proceed with the levy.

Questions about IRS levies? Help is just a phone call away.

QUESTIONS About Levies and Extensions?
If you have any questions about levies or extensions, don't hesitate to call. Help is just a phone call away at 925-634-2344.
 

 


 

SMEED CPA Adds Financial Services To Help Clients With Investments & Insurance Needs

So often we here at SMEED CPA are asked about financial issues that impact our clients investments and their portfolios. 

We always offered our opinion and suggestions but in order to help our clients actually execute the changes we suggest, SMEED has created a Financial Services division.

 

SMEED Financial Services, Inc. will be able to work with both individual and business clients on their investment portfolios and manage assets on their behalf.

 

SMEED Financial will include Michael Uadiale, ACA, CPA, CGMA with over 18 years of financial sales and advising experience with affluent investors.

Watch your inbox and mail boxes for more specific information on services SMEED Financial Services, Inc will make available to you.

 


 

Help Us Be Found on Yelp & Google!

 

Also as we expand our business, we find more and more people are using YELP and Google to look for us by searching Brentwood accountant or Brentwood CPA.

 

When they do this we want to be FOUND on GOOGLE.  One way you can help us is to give us an ONLINE REVIEW on our Google Maps/Places listing --->

or check us out at our YELP local listing below.

 

Just click here to go to our Google Listing for SMEED CPA and click on the YELP link to go there.  Scroll down to the Review area.

 

On either site it may say:  Been here? Rate and review

You will click on the Rate and review link and then log in, then give us a review!

 

You can choose between 1 and 5 STARS and write in what you think about the tax or accounting work we have done for you.

 

It's that simple.  Thank you in advance for your help and cooperation!

 


 

As always you can call our offices if you have any questions about these or any other accounting related issues, at
925-634-2344. 

 

Regards, Michael Uadiale, CPA, ACA, CGMA

Managing Partner, SMEED CPA, Inc.

 
 

 

SMEED CPA, Inc | 201 Sand Creek Road, Suite F | Brentwood, CA 94513
The Next Frontier CPA Firm | www.SmeedCPA.com | info@smeedcpa.com
Phone: 925-634-2344 | Fax: 925-634-2346