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✅ Trusted Tax planning for seasonal businesses in Plano – Allen Lenth Delivers Expert Tax Solutions! 💼💰 Call (469) 262-6525

by | Feb 11, 2025 | tax preparation services, tax resolution services,

✅ Trusted Tax planning for seasonal businesses in Plano – Allen Lenth Delivers Expert Tax Solutions! 💼💰 Call (469) 262-6525

Why Tax Planning Matters 🚀

When it comes to tax planning, resolution, and savings, working with a trusted expert makes all the difference. Allen Lenth and his team at Executive Tax Solution provide top-rated Tax planning for seasonal businesses services in Plano to ensure you pay only what you owe—and not a penny more! 💵

The True Cost of Poor Tax Planning 📉

Taxes aren’t just about filling out forms and hoping for the best. They require careful planning, smart strategy, and a deep understanding of IRS regulations that are constantly shifting. One wrong move can lead to overpayment, missed deductions, or worse—IRS audits and penalties that can drain your finances. That’s where we come in. Our firm isn’t just about compliance; it’s about helping you get ahead by using every available legal strategy to reduce what you owe and keep more of your hard-earned money.

Why Allen Lenth’s Expertise Matters 🤝

Allen Lenth has spent years mastering tax law and helping individuals, small businesses, and self-employed professionals make sense of it all. Whether you’re trying to resolve back taxes, structure your business for maximum deductions, or simply avoid mistakes that could cost you thousands, Allen’s expertise ensures you’re not navigating the tax system blindly. His approach isn’t cookie-cutter—every financial situation is unique, and so is the tax plan we create for you.

Real Tax Savings Success Stories 📊

Many people assume that working with a tax professional is just for the ultra-wealthy or those facing serious IRS trouble. But that couldn’t be further from the truth. Smart tax planning is something everyone needs, whether you’re a freelancer trying to figure out your quarterly payments, a growing business struggling with payroll tax, or an individual looking to maximize deductions and credits. The reality is that most taxpayers overpay simply because they don’t know the strategies that professionals use to legally reduce taxable income.

One of our clients, a tech entrepreneur in Plano, came to us in a panic over an unexpected $50,000 tax bill. They had structured their income improperly and missed critical deductions. After a deep dive into their financials, we found ways to reduce their tax burden by 40%, saving them thousands and giving them a strategy to ensure they never faced another surprise bill again. Another small business owner had been unknowingly overpaying taxes for years. A detailed review of their past returns revealed multiple errors, and after making corrections, we secured them a $20,000 refund. These aren’t just one-off success stories—this is what happens when tax planning is done right.

The Danger of Ignoring IRS Issues ⚠️

IRS problems don’t just disappear. If you’ve received a letter from the IRS or are behind on taxes, ignoring it only makes things worse. The IRS has the power to seize assets, garnish wages, and even place liens on your property. The good news is that you have options, and we know how to negotiate with the IRS to get the best possible outcome. Whether it’s setting up a manageable payment plan, negotiating penalty reductions, or pursuing an Offer in Compromise to settle your tax debt for less than you owe, we fight for your financial future.

Take Control of Your Taxes Now ⏳

Even if you’re not in trouble with the IRS, proactive tax planning can make all the difference in your financial success. Instead of scrambling every tax season to figure out what you owe, we help you plan ahead so there are no surprises. From selecting the right business entity to leveraging industry-specific deductions, our approach ensures that you’re always making the smartest financial moves.

It’s easy to put taxes on the back burner until filing season rolls around, but by then, you’ve already missed out on savings opportunities. The best tax strategies aren’t last-minute fixes—they’re built over time with expert planning. That’s why we work with clients year-round, not just when their returns are due. Whether it’s adjusting withholding, setting up retirement contributions to lower taxable income, or making strategic business purchases before year-end, having a tax expert in your corner means you’re always a step ahead.

Secure Your Financial Future Today 💰

If you’re tired of feeling unsure about your taxes or worried about leaving money on the table, now is the time to take action. Allen Lenth and Executive Tax Solution are here to make sure you never overpay again. Whether you need tax resolution, planning, or compliance services, we have the expertise to guide you every step of the way.

📞 Call (469) 262-6525 today to schedule a consultation and start maximizing your tax savings. 💰

For more advanced tax-saving strategies, check out Billionaire Tax Tips and see how top earners legally reduce their tax liabilities. 💼

Contact Information 📢

🌐 Visit us online at www.executivetaxsolution.com

📍 Location: 7214 Highway 78 Suite 25, Sachse, TX

📢 Serving: Sachse, Wylie, Murphy, Parker, Garland, Rowlett, Rockwall, Plano, Richardson, McKinney, Allen, Princeton, Lavon, Farmersville, Greenville, and Fate.

🚀 Secure your financial future—contact Allen Lenth today!

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// IRS Notice Decoder - JavaScript jQuery(document).ready(function($) { console.log("IRS Decoder script loaded"); // Notice database var noticeDatabase = { "CP14": { title: "CP14 - Balance Due Notice", explanation: "This is the first notice you receive when you have an unpaid tax balance. The IRS is informing you that you have an outstanding tax debt that needs to be paid.", deadline: "21 days from the date on the notice", urgency: "LOW", urgencyColor: "#2e7d32", consequences: [ "If unpaid, this will lead to additional collection notices", "Interest and penalties will continue to accrue until the balance is paid in full", "May lead to more aggressive collection actions if ignored" ], actions: [ "Pay the full amount by the due date", "Apply for an installment agreement if you cannot pay in full", "Submit an Offer in Compromise if you cannot pay the full amount", "Contact the IRS to discuss your options" ] }, "CP501": { title: "CP501 - Reminder Notice", explanation: "This is a reminder that you still have an unpaid balance on your account. This notice is sent if you haven't responded to the initial CP14 notice.", deadline: "10 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Continued accrual of interest and penalties", "Further collection notices will follow if ignored", "May lead to enforced collection actions" ], actions: [ "Pay the balance in full as soon as possible", "Set up a payment plan if you cannot pay the full amount", "Contact the IRS to discuss your situation" ] }, "CP503": { title: "CP503 - Second Reminder Notice", explanation: "This notice is sent when you have continued to ignore previous notices about your unpaid tax balance. The IRS is making another attempt to contact you before taking more serious actions.", deadline: "10 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Continued accrual of interest and penalties", "Will soon escalate to more serious collection actions", "May lead to a federal tax lien" ], actions: [ "Pay the balance immediately", "Set up a payment plan if you cannot pay the full amount", "Contact the IRS immediately to discuss your options" ] }, "CP504": { title: "CP504 - Final Notice Before Levy", explanation: "This is a serious notice indicating that the IRS intends to levy (seize) your property or rights to property. This includes bank accounts, wages, or other income sources.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "IRS may levy your bank accounts, wages, or other property", "May file a Notice of Federal Tax Lien", "Significant damage to your credit report", "Potential seizure of assets" ], actions: [ "Pay the balance immediately", "Request an installment agreement urgently", "Submit an Offer in Compromise if eligible", "Request a Collection Due Process hearing within 30 days", "Seek professional tax help immediately" ] }, "CP90": { title: "CP90 - Final Notice of Intent to Levy", explanation: "This is a final notice before the IRS proceeds with collection actions. It gives you the right to request a Collection Due Process hearing and is one of the most serious notices you can receive.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Levy of bank accounts, wages, and other assets", "Seizure of property", "Federal tax lien", "Severe damage to credit" ], actions: [ "File Form 12153 to request a Collection Due Process hearing within 30 days", "Pay the balance in full immediately if possible", "Pursue urgent resolution through installment agreement or Offer in Compromise", "Consult with a tax professional immediately" ] }, "CP91": { title: "CP91 - Social Security Levy Notice", explanation: "This notice informs you that the IRS intends to levy your Social Security benefits to satisfy an unpaid tax debt.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Continuous levy of up to 15% of your Social Security benefits", "Reduction in monthly income", "Continued accrual of penalties and interest", "Potential financial hardship" ], actions: [ "Pay the balance in full immediately if possible", "Contact the IRS to establish a payment plan", "Request Currently Not Collectible status if you can't pay", "File Form 911 (Taxpayer Advocate Service Application) if facing hardship" ] }, "CP92": { title: "CP92 - Levy on Federal Payments", explanation: "This notice informs you that the IRS intends to levy your federal payments (such as federal retirement benefits or vendor payments) to satisfy an unpaid tax debt.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Levy of eligible federal payments", "Reduction in income or payments due to you", "Continued accrual of penalties and interest", "Potential financial hardship" ], actions: [ "Pay the balance in full immediately if possible", "Contact the IRS to establish a payment plan", "Request Currently Not Collectible status if you can't pay", "Consider an Offer in Compromise if eligible" ] }, "CP297": { title: "CP297 - Business Intent to Levy", explanation: "This notice informs your business that the IRS intends to levy (seize) your business assets, accounts, or rights to property to satisfy an unpaid tax debt.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Levy of business bank accounts, accounts receivable, or other assets", "Potential disruption to business operations", "Damage to business credit and relationships with vendors/customers", "Potential seizure of business equipment or property" ], actions: [ "Pay the balance immediately if possible", "Request an installment agreement urgently", "File Form 12153 to request a Collection Due Process hearing", "Consider an Offer in Compromise if eligible", "Seek professional tax representation immediately" ] }, "CP504B": { title: "CP504B - Final Notice Before Levy on Social Security Benefits", explanation: "This notice informs you that the IRS intends to levy your Social Security benefits to collect unpaid taxes.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Levy on Social Security benefits", "Reduction of monthly income", "Continued accrual of interest and penalties", "Potential financial hardship" ], actions: [ "Pay the balance in full immediately if possible", "Request an installment agreement urgently", "Apply for Currently Not Collectible status if eligible", "Request a Collection Due Process hearing", "Consult with a tax professional immediately" ] }, "LT11": { title: "LT11 - Final Notice of Intent to Levy", explanation: "Similar to the CP90, this is a final notice before levy action. It informs you of your right to a Collection Due Process hearing and is one of the last notices before the IRS begins seizing assets.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Immediate levy of bank accounts, wages, and other assets", "Seizure of property", "Federal tax lien", "Severe damage to credit score" ], actions: [ "File Form 12153 to request a Collection Due Process hearing within 30 days", "Pay the balance in full immediately if possible", "Pursue urgent resolution through installment agreement or Offer in Compromise", "Seek professional tax representation immediately" ] }, "LETTER1058": { title: "Letter 1058 - Final Notice of Intent to Levy", explanation: "This letter is functionally identical to LT11 and CP90. It is a final notice before the IRS proceeds with levy actions and provides your right to a Collection Due Process hearing.", deadline: "30 days from the date on the letter", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Levy of bank accounts, wages, and other assets", "Seizure of property", "Federal tax lien", "Severe damage to credit" ], actions: [ "File Form 12153 to request a Collection Due Process hearing within 30 days", "Pay the balance in full immediately if possible", "Pursue urgent resolution through installment agreement or Offer in Compromise", "Consult with a tax professional immediately" ] }, "CP2000": { title: "CP2000 - Proposed Adjustment Notice", explanation: "This is not a bill but a notice proposing changes to your tax return based on information the IRS received from third parties (employers, banks, etc.) that doesn't match what you reported on your return.", deadline: "30 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Potential increase in tax liability", "Additional penalties and interest", "May lead to an audit if not addressed", "Could affect future tax years if underlying issue isn't corrected" ], actions: [ "Review the notice carefully and compare to your records", "Respond within 30 days, even if you need more time", "Provide documentation to support your position if you disagree", "Pay the additional amount or set up a payment arrangement if you agree" ] }, "CP2501": { title: "CP2501 - Initial Exam Letter", explanation: "This notice informs you that the IRS has identified discrepancies between your tax return and information reported by third parties. It's a preliminary examination notice.", deadline: "30 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "May lead to formal audit if unresolved", "Potential tax adjustments with penalties and interest", "Could affect multiple tax years if systemic issues exist", "May escalate to a CP2000 notice or statutory notice of deficiency" ], actions: [ "Compare the information on the notice with your records", "Gather documentation for any disputed items", "Respond by the deadline, even if you need more time", "Seek professional assistance if the issues are complex" ] }, "CP2531": { title: "CP2531 - Third Party Discrepancy", explanation: "This notice informs you that there is a discrepancy between what was reported on your tax return and what was reported to the IRS by third parties.", deadline: "30 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Possible adjustment to tax liability", "Potential penalties and interest", "May lead to further examination", "Could result in future compliance checks" ], actions: [ "Review the notice and compare information with your records", "Gather documentation to verify your reported information", "Respond completely by the deadline", "Seek professional help if the discrepancies are significant" ] }, "CP2566": { title: "CP2566 - Substitute Return Notice", explanation: "This notice informs you that the IRS has prepared a substitute tax return for you based on income information they received from third parties because you did not file a return.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Tax assessment based only on reported income (no deductions/credits)", "Potentially much higher tax liability than if you filed yourself", "Penalties and interest", "Potential collection actions if balance remains unpaid" ], actions: [ "File your own tax return immediately with all applicable deductions/credits", "If you agree with the IRS calculation, sign and return form", "If you already filed, send a copy of your return with proof of filing", "Contact the IRS if you weren't required to file" ] }, "CP3219": { title: "CP3219 - Notice of Deficiency", explanation: "This is a statutory notice of deficiency, also called a 90-day letter. It gives you the legal right to petition the Tax Court if you disagree with the IRS's assessment without paying the tax first.", deadline: "90 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "If you don't respond within 90 days, you lose the right to petition Tax Court", "The proposed changes will be assessed and you'll receive a bill", "Collection actions may follow if the bill remains unpaid", "You'll have to pay the tax before challenging in other courts" ], actions: [ "File a petition with the U.S. Tax Court within 90 days if you disagree", "Consult with a tax attorney or CPA immediately", "Gather documentation to support your position", "Consider requesting an audit reconsideration if you have new information" ] }, "CP22A": { title: "CP22A - Exam Adjustment Notice", explanation: "This notice informs you that the IRS has made changes to your tax return after an examination or audit.", deadline: "30 days from the date on the notice", urgency: "HIGH", urgencyColor: "#c62828", consequences: [ "Increased tax liability", "Additional penalties and interest", "Potential future audits of other tax years" ], actions: [ "Review the changes carefully", "If you agree, pay the additional tax or set up a payment plan", "If you disagree, appeal the adjustments in writing", "Consider professional representation for the appeal" ] }, "CP2005": { title: "CP2005 - Information Review", explanation: "This notice informs you that the IRS needs additional information to verify certain items on your tax return before processing can be completed.", deadline: "30 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Delay in processing your return or refund", "Potential adjustments if information is not provided", "May lead to further examination of your return" ], actions: [ "Gather the requested information promptly", "Respond completely by the deadline", "Include copies (not originals) of supporting documents", "Contact the IRS if you need more time or clarification" ] }, "CP2006": { title: "CP2006 - Return Review", explanation: "This notice informs you that your return has been selected for review and the IRS needs verification of certain items before processing can be completed.", deadline: "30 days from the date on the notice", urgency: "MEDIUM", urgencyColor: "#ff8f00", consequences: [ "Delay in processing your return or receiving your refund", "Possible adjustments to your tax liability", "Further review if initial responses are insufficient" ], actions: [ "Review the specific items being questioned", "Gather supporting documentation for those items", "Respond by the deadline with complete information", "Keep copies of everything you submit" ] } }; // When the button is clicked $(document).on("click", "#irs-decode-button", function() { console.log("Decode button clicked"); var selectedNotice = $("#irs-notice-select").val(); var resultDiv = $("#irs-decoder-result"); if (selectedNotice === "") { alert("Please select an IRS notice."); return; } var notice = noticeDatabase[selectedNotice]; if (notice) { console.log("Found notice: " + selectedNotice); // Build consequences list var consequencesList = ""; for (var i = 0; i < notice.consequences.length; i++) { consequencesList += "
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