Bowens Tax Solutions

I'm back!

I didn't realize how much I missed my space.

The smell, the peace, all of it.

July was a heavy travel month so I was here less than 10 days 😔.

But man, it's good to be back!

I'll be catching up the next 3 business days, touching base with the extensions that are out and all of my open rep cases.

But if you need IRS representation or guidance book a call with me at www.Bowenstaxsolutions.com.

❤️ Timalyn, America's Favorite EA

The IRS doesn't always get it right.

But is it possible they could owe you a refund?

In recent court cases the IRS ruled that certain penalties and interest shouldn't have been assessed to during the COVID-19 pandemic era.

The Taxpayer Advocate predicts that tens of millions of taxpayers have been affected by this.

The IRS will appeal this decision. However, taxpayers can protect their right to claim the refund if they're eligible.

I break it all down in Episode 85 of the Tax Relief with Timalyn Bowens podcast tomorrow morning.

❤️ Timalyn, America's Favorite EA

P.S. These protective claims must be filed by July 10th, 2026. Will you help me in spreading this news by sharing this episode with family and friends who may have been affected?

Some of my favorite emails to receive 😎.

Just a few more 2848s headed to the IRS CAF unit to process so I can begin protecting a few more taxpayers as their Tax POA.

It has been like pulling teeth getting information from the IRS on a few of these 😩.

But I have some great news for some of my clients who have been patiently waiting 🙌🏾.

How's YOUR Monday going?

❤️ Timalyn, America's Favorite EA

$255 for each partner/shareholder for up to 12 months.
That's the failure to file penalty that Partnerships and S-Corporations who don't get their tax return or extension filed today will be facing.

Don't let it be you.

You can e-file or mail an extension today. If you mail it today, make sure that it is postmarked by today too. Remember the new USPS rules? (If not, there's a podcast episode for that.) I recommend mailing certified if you have to mail at all.

I have a video that walks you through preparing Form 7004 on my YouTube channel.

Let me know if you need the link or you can go to the channel and search it.

❤ Timalyn, America's Favorite EA

Have you been the victim of identity theft?

Perhaps you have a dependent whom someone else has been trying to claim.

When it comes to taxes, it is best to be proactive vs. reactive.

Tomorrow, Episode 80 of the Tax Relief with Timalyn Bowens drops at 7 am EST.

In this episode, I walk through what an IRS IP PIN is, who is eligible for one, and how to apply for one.

Tax Relief with Timalyn Bowens isn't just about being in tax debt.

It's about educating taxpayers to protect themself from any type of IRS issues.

Filling the tax literacy gap, one taxpayer at a time...

It's definitely in the top 3 of things I get to do.

Tune in tomorrow!

❤ Timalyn, America's Favorite EA

I heard some head of household taxpayers need to update those W-4s.

Well, if that's you make sure you stop by the YouTube channel at 9 pm EST tonight.

❤️ Timalyn, America's Favorite EA

Some of you all like to play all day in the IRS' face. I will not be playing with you.

What is a CP2000?

This notice is NOT a bill.

It's the IRS giving you a heads up that there are discrepancies between what you filed and what third parties turned in.

This could be a missing W-2, 1099-NEC, 1099-DIV, etc.

Some people get them because they inflate deductions and credits that they aren't entitled to. Of course...that's not anyone reading this today.

The IRS will make a proposal for changes.

Your options are:

1 - Agree, check the box, sign and return.
2 - Disagree, check the box, sign and support your decision
3 - Hire someone to guide or represent you
4 - For the people who have committed fraud but aren't reading this...come clean.

If your underreporting results in a tax increase of 20% you, the taxpayer, will be hit with an accuracy-related penalty as well.

Please choose wisely when preparing or choosing a preparer so that your return does not have deductions and credits you are not entitled to on your return. That is tax fraud.

I'll break down the CP2000 and your options more tomorrow in Episode 78 of the Tax Relief with Timalyn Bowens podcast.

❤ Timalyn, America's Favorite EA

These 1099-NECs are just rolling in.

Had I not kept track of publications I wrote for and platforms I presented on etc as America's Favorite EA this would all come as quite the surprise.

That's why it's important to track these things throughout the year so you don't end up with a surprise tax bill that you can't handle.

In the event that you do, no judgement here. You can book a call with me at www.Bowenstaxsolutions.com

❤️ Timalyn, America's Favorite EA

P.S. Do you need to file 1099-NECs for contractors? Not sure, let me know and I'll send you my latest article on Tax Tips with Timalyn

You know what time it is...

Time to turn in those updated W-4s to your employer.

This year's W-4 has additional information on the deduction worksheet to account for no tax on tips, overtime, the enhanced senior deduction, and charitable contributions...even if you don't itemize.

But no worries, I covered it all.

This year's video is a little bit longer, but it is time-stamped.

Today kicks off the series with a W-4 walk-through for single taxpayers. Stay tuned each day this week to see it for Head of Household, Married Filing Jointly, College Students, and the W-4P for retirees.

❤ Timalyn, America's Favorite EA

P.S. If you haven't already received the notification, WHY aren't you subscribed to the YouTube channel? 😏

Someone is impersonating me 🤦🏾‍♀️.

If you receive a message from this number or a message from me where I don't spell my own name right please report as spam.

The same number also reached out to me saying they were a classmate.

I have never met the person they reached out to.

Be safe out there and protect your information.

❤️ Timalyn, America's Favorite EA