Tax preparers should be licensed to practice before the IRS. Only CPAs, Attorneys, and Enrolled Agents are authorized to practice before the IRS, and may speak to the IRS on the taxpayer’s behalf.

Yes – we are Enrolled Agents.

An Enrolled Agent (EA) is a tax professional authorized by the United States government to represent taxpayers in matters regarding the Internal Revenue Service (IRS). An EA has earned the privilege of representing taxpayers before the IRS by either passing a three-part comprehensive IRS test covering individual and business tax returns, or through experience as a former IRS employee.

EAs, like attorneys and certified public accountants (CPAs), have unlimited practice rights. This means they are unrestricted as to which taxpayers they can represent, what types of tax matters they can handle, and which IRS offices they can represent clients before.

J. Rosio professionals are credentialed to advise, represent, and prepare tax returns for people, corporations, partnerships, estates, trusts, and anything else that is required to report to the IRS.

J. Rosio professionals operate in accordance with Circular 230. Circular 230 covers all matters relating to any of the following:

• Communicating with the IRS on behalf of a taxpayer regarding the taxpayer’s rights, privileges, or liabilities under laws and regulations administered by the IRS.
• Representing a taxpayer at conferences, hearings, or meetings with the IRS.
• Preparing, filing or submitting documents, or advising on the preparation, filing or submission of documents (including tax returns) with the IRS on behalf of a taxpayer.
• Providing a client with written tax advice on one or more Federal tax matters.
• Any individual may for compensation prepare or assist with the preparation of a tax return or claim for refund, appear as a witness for a taxpayer before the IRS, or furnish information at the request of the IRS or any of its officers or employees.

No – J.Rosio Tax Services, LLC uses SmartVault, a secure client portal to exchange documents with clients. Tax returns can be prepared 100% online. J.Rosio Tax Services prepares tax returns for clients across the U.S. and for US expats living overseas.

Any tax prep firm must be constantly vigilant and should follow policies and procedures regarding the protection of confidential information.

Rosio Tax Services, LLC has, and follows, a “written information security plan” (WISP) in accordance with the Federal Trade Commission’s Safeguards Rule.

If you received a 1099-Miscellaneous, the IRS considers you to be “self-employed.”

The IRS requires these individuals to submit quarterly tax payments on 4/15, 6/15, 9/15, and 1/15. These quarterly tax payments can be made online by setting up an account on the IRS website.

We provide quarterly estimates to all clients who are required to make estimated quarterly payments.

Certain states have laws about community property defining how they expect “Married Filing Separately” (MFS) couples to share or allocate income.

• These states are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin.

Identifying your community income, separate income, and deductions according to the laws can be a complicated task.

The experts at J.Rosio Tax Services can guide you through it.

Yes – when you do not file and pay your taxes on time, you will be charged interest on any unpaid balance, and you may also be subject to penalties, such as failure-to-file and failure-to-pay penalties.

Interest charged on any unpaid tax compounds daily from the due date of the return (without regard to any extension of time to file) until the date you pay in full.

• The federal short-term rate is determined every three months.
• For current interest rates, visit the News Release and Fact Sheet Archive and look for the most recent Internal Revenue release about interest rates or search “quarterly interest rates” on IRS.gov. The relevant interest rate is the rate for underpayments.

If you did not pay your tax on time, you will generally have to pay a late-payment penalty, which is also called a failure-to-pay penalty. The late-payment penalty is 0.5% of the tax owed for each month or part of a month that the tax remains unpaid after the due date, up to 25%.

You will not have to pay the penalty if you can show reasonable cause for the failure to pay on time.

The 0.5% rate increases to 1% per month if the tax remains unpaid after several notices and 10 days after the IRS issues a final notice of intent to levy or seize property.

If your return was filed timely and you are paying your tax via an installment agreement, the penalty is 0.25% for each month or part of a month that the installment agreement is in effect.

No. IRS will make you file all tax returns. They will not give you an Installment Agreement until all returns are current

The IRS usually files a Federal Tax Lien on every case that there is a balance due. There are times when they can withhold the filing of the Federal Tax Lien. A professional should be consulted on these cases.

Yes, the installment agreement will release your Wage Garnishment or Bank Levy immediately.

• On February 27th, 2019, the IRS published a press release warning taxpayers who owe more than $52,000 (updated annually – in 2020, the amount is $53,000) and are not in an agreement to pay the IRS (called taxpayers with “seriously delinquent tax debt” or “SDTD”), to be on the lookout for passport restrictions.
• To be clear, the IRS does not actually restrict the passport- that is done by the State Department. However, the IRS initiates the warning to taxpayers who have SDTD by issuing Letter CP 508C, Notice of certification of your seriously delinquent federal tax debt to the State Department, which warns that the taxpayer that they are being referred to the State Department for possible passport restrictions.

This is an Installment Agreement for people who owe under $50,000 in back taxes. You must have all your tax returns filed to qualify for this. Under the Streamline Installment Agreement you are not required to file a financial statement.