Do a Paycheck Checkup NOW!

At Paramount Tax Relief in Sacramento, our staff encourages you to revisit your tax withholding and perform a "paycheck checkup",especially if major changes from the Tax Cuts and Jobs Act affected the refund amount you received this year. Most changes took place in 2018 and taxpayers first noticed them on the tax return they filed [...]

2019-08-21T17:56:16+00:00 August 21st, 2019|

New Tax Scams to Watch Out For in 2019

Thousands of people have fallen victim to tax scams, losing their personal information and money. Scammers use regular mail, telephone, or email to set up individuals and request personal or financial information. Make the CallThe Internal Revenue Service (IRS) urges consumers to look out for two new variations of tax-related phone and email scams. The [...]

2019-07-24T18:24:03+00:00 July 24th, 2019|

Am I Eligible for Summer Camp and Daycare Tax Credits?

Summer is here and the kids are out of school. Most parents, however, still continue to work throughout the summer months and must look for alternative care for their children. Summer camp and daycare are two means of providing care for children, and also two of the main drivers of spending on children under the [...]

2019-07-24T17:48:25+00:00 July 24th, 2019|

How Does Debt Affect Your Health?

If you have ever experienced the struggle of owing money to the IRS, then you know how tax debt can negatively affect your finances. Did you know, however, that debt can also adversely affect your physical and mental health? Not having money restricts your choices, and can place severe stress on your body, psyche, relationships, [...]

2019-07-16T15:23:49+00:00 July 16th, 2019|

Is There a Statute of Limitations on IRS Audits?

The chances of getting audited by the IRS are extremely slim. If you make less than $200,000 a year, you only have about a 1% chance of receiving an audit notice. Typically, the IRS completes audits right after returns are filed. There are times, however, when this doesn’t happen and an audit is not pursued [...]

2019-06-13T20:01:34+00:00 June 13th, 2019|

What Is The Difference Between A Tax Lien and Tax Levy?

If you owe back taxes, tax liens and tax levies can negatively affect you, your income, and your personal assets. If you’re at risk, Paramount Tax Relief encourages you to learn the differences between the two and the impacts they can have. Make the Call What is a Tax Lien? A tax lien is a [...]

2019-06-04T20:16:01+00:00 June 4th, 2019|

Can The IRS Take My Passport if I Owe Back Taxes?

You might think that if you avoid back taxes, they will eventually go away. However, this is far from the truth. If you owe a large amount of taxes and you’re not in an agreement to pay the IRS, you can expect certain tactics to be used against you. Technically, the IRS can’t take away [...]

2019-05-21T18:22:12+00:00 May 21st, 2019|

How Much Should I Offer In Compromise To The IRS?

Offer in Compromise (OIC) is a program created by the IRS that allows taxpayers to settle their outstanding debt for less than the full amount that was originally owed—essentially creating a “fresh start” with the IRS. The idea behind the program is that many taxpayers cannot afford to pay their tax liability without causing a [...]

2019-05-08T18:44:21+00:00 May 8th, 2019|

What Happens If I Miss The April 15th Deadline?

If you miss the April 15th deadline for filing your taxes, the consequences vary depending on if you owe money or expect a refund. No matter your situation, Paramount Tax Relief is here to tell you what steps you should take next! Make The Call If You’re Receiving a Refund Taxpayers who are getting [...]

2019-04-09T20:26:55+00:00 April 9th, 2019|
Paramount Tax Relief

Paramount Tax Relief