William T. Harmon

William T. Harmon, ESQ, CPA, MBA, EA (“Will”) represents taxpayers to resolve and settle their tax debt with the IRS. Since Will is a multi-licensed tax professional, your tax issue will be addressed from all angles, ensuring nothing is missed and an appropriately tailored solution is employed. He will prepare and file any of your unfiled tax returns and help you achieve optimal answers to your tax liability so that you can ideally use your resources. Will provides the following IRS Tax Issue services: IRS Collection Appeals, Offer in Compromise, IRS Audit & Assessment Assistance, Payroll Trust Fund Recovery Issues, Penalty Abatement, Installment Agreements, Currently Non-Collectible Status, Joint Tax Liability Relief, Wage Garnishments, Tax Levies, and Tax Liens.

• Currently Not Collectible Status
• Installment Agreements
• IRS Assessment
• IRS Audit
• Joint Liability Relief

• Free Consultation
• Credit Cards Accepted
• Rates, Retainers and Additional Information
  FREE CONSULTATION. All resolution services are all based on a fixed fee structure. Resolution starts with an Initial thorough investigation involving obtaining the taxpayer's personal information and all relevant IRS transactions to determine an optimally tailored solution for resolving the IRS tax issue. You will know upfront what the resolution cost will be. Payment plans are offered in some situations.

Florida

The Florida Bar

ID Number: 1027999

US Tax Court

Attorney-CPA-EA

Harmon Tax Resolution

2019 - Current

Complete individual and business IRS tax issue resolution services: • Offer In Compromise • Penalty Abatement • Installment Agreements - all types • Audit and Assessment Assistance • Unfiled & SFR Returns • Penalty Abatement • Joint Tax Relief • Currently Not Collectible Status • Tax Liens • Tax Levies • Payroll Trust & Recovery Funds • Wage Garnishments • IRS Summons • IRS Notifications • Small business consulting.

Certified Public Accountant - Consultant

HARMON FINANCIAL

2000 - Current

Prepared corporate and individual tax returns. Provided tax planning, IRS correspondence, and accounting setups.

Chief Financial Officer

FUEL TRADER HOLDINGS, INC

2016 - 2019

Oversee financial reporting components for multi-companies. Point for external audit and corporate tax preparations. Created various inventory costing models. Proforma reporting for investment opportunities, along with a presentation to interested parties.

Chief Financial Officer

ORTHOPAEDIC SPECIALTIES OF TAMPA BAY

2015 - 2016

Oversee all financial reporting components for multi-companies. Provided key direction to all levels within the organization and implemented effective cash management processes. Human resources management. KEY ACHIEVEMENTS: • Initiated, designed, and implemented complete accounting system conversions to bring in-house all financial reporting aspects resulting in significant cost reductions, enhanced reporting capacity, and budget development and implementation, along with allowing for transparency with executive partner compensation formulizations.

Controller

BAYSHORE SOLUTIONS

2008 - 2014

. Reported directly to the CEO. Directed and facilitated all components of the company’s internal and external financial reporting, including all facets of payroll and benefits facilitation, general ledger mapping and oversight, corporate insurance, and tax reporting. Key analysis determination, dissemination, and presentation to the executive team. Complete human resource management. Facilitated all interfacing with governmental agencies, accounting firms, vendors, and insurance brokers. Oversaw collections and performed fiscal management of company resources—primary collaborator in multifaceted internal control developments and business process enhancements. KEY ACHIEVEMENTS: • Overhauled entire financial reporting processes through detailed mapping of all cross and sub-systems, establishing verifiable reconciliation points, creating corresponding financial reporting protocols, implementing necessary processes, and directing those accountable, resulting in more efficiency.

Pennsylvania State University - Dickinson School of Law

J.D. (2020) | Taxation

2017 - 2020

University of Central Florida

M.S. | Taxation

2007 - 2008

University of South Florida

MBA (2006) | Finance

2005 - 2006

LaSalle University

B.S. (1990) | Accounting

1988 - 1990

Eagle Scout

Boy Scouts of America

1985

American Bar Association

Member

Current

Florida Institute of Certified Public Accountants

Member

Current

American Institute of Certified Public Accountants

Member

Current

American Society of Tax Problem Solvers

Member

Current

Department of Treasury  # 00146712-EA

IRS- Enrolled Agent

2021 - Current

Certified Public Accountant

Florida Board of Accountancy

Q. We have $31,000 debt cancelled from credit cards, do we have to file it all as income and pay taxes on it in 2023.

February 1, 2024

A: Ordinarily, canceled debt is considered income during the year in which it is canceled. Expect to receive a 1099-C from the organization canceling the debt. The IRS will cross-reference this to your tax return.

Q. I have a florida partnership llc for Etsy which makes 2-3k a year. I never drew a salary. Do I need to pay any taxes?

January 14, 2024

A: If the partnership has reported income( falls within the Income definition within IRC), it should be reported on the annual 1065 partnership return. Based on the partnership income/expense allocation agreement, that amount will be reported on an individual K1, which will then be reported on your tax return.

You should create a profit and loss statement for each year and then do the proper tax reporting. This will help determine taxability, if any. You may have certain deductions which will absorb much of the income. You may also want to familiarize yourself with what taking a draw is and how and when that could become taxable to you.