Author: The Law Offices of Nick Nemeth

4 Mistakes that Can Lead to a Major IRS Payroll Tax Problem

IRS payroll tax problem With Nick Nemeth






Payroll taxes can not just cost a company a lot of money, but it can also be detrimental to its reputation. Every year several companies get penalized for making payroll tax payment mistakes, some intentional some unintentional. To avoid getting to that point where the IRS comes knocking at your company door for a payroll default, it is advisable to avoid the common mistakes that most companies. Come, let us take a look at some payroll mistakes employers make and ways to avoid them. 1 . Improper Worker Classification Employers are supposed to classify their workers as employees or independent

Read the full article…

Have a Disagreement with the IRS on a Tax Matter? Here is How to Deal with it

IRS Tax Appeal with Nick Nemeth






There are instances when taxpayers do not agree with the IRS on certain tax issues. In such instances, if the taxpayer wants they can take the case to the tax court. However, going to the court would require the taxpayer to invest a lot of time, money, and effort. To avoid this, taxpayers have the option of approaching the appeals office, which is an independent body within the IRS. As the appeals office is completely independent of the IRS department that conducted the examination, the taxpayer can rest assure of a fair and transparent proceeding. If you have a tax

Read the full article…

Who Should File a Tax Return: Explained by Nick Nemeth

Tax Refund With Nick Nemeth






Whether you are required to file the income tax return depends on a number of factors such as your income, filing status, age, and dependency. Sometimes, even if you are not required to file a tax return, it may still be in your best interest to file the return. If you are wondering why, Nick Nemeth talks about five reasons why it still makes sense to file income tax return even if you think you do not owe any tax to the government. Take a look. 1. Extra Income Tax Withheld The Federal tax system authorizes employers to withhold some

Read the full article…

5 IRS Debt Relief Provisions That Offer Solace To Financially-Distressed Taxpayers

IRS Debt Relief With Nick Nemeth






Paying off the IRS tax debt can be stressful, especially when you are going through financial hardship. Though there is no easy escape from paying off the outstanding amount owed to the government, there are certain debt relief provisions that enable liable taxpayers to pay off their taxes easily and in a lesser amount. If you are concerned about your outstanding tax debt, this post outlines five common IRS debt relief provisions. Read on. 1. Offer in Compromise (OIC) An offer in compromise is an agreement between taxpayers and the IRS that allows eligible taxpayers settle their tax debt for

Read the full article…

Answering Five Commonly Asked Questions About Offer In Compromise

Tax Relief with Nick Nemeth






An Offer in compromise (OIC) is a type of tax relief provided under IRS’s ‘Fresh Start Initiative’ that enables qualified taxpayers to pay off their debts for an amount less than the outstanding amount. OIC gives taxpayers, going through financial hardships, an opportunity to start afresh. However, before requesting one, it is important to learn a thing or two about OIC eligibility and documents requirement as it will help you take your first step in the right direction. To help, in the post we have answered some of the commonly asked questions about OIC. Read on. 1. How do I

Read the full article…

Easy and Effective Tips for Taxpayers Facing IRS Tax Problems

Tips for IRS Tax Problems with NIck Nemeth






Receiving a letter from the IRS that says you owe them money even when you have cleared your dues can ruin your day. Every year several taxpayers face IRS problems like this, and the worst part is that most of them are clueless about what to do. This lack of knowledge combined with the fear of the IRS, often leads to a situation where the taxpayer ends up committing mistakes that worsen the case. In such situations, the key to solving the dispute is to stay calm and seek help of a professional. If you have been facing an IRS

Read the full article…

3 Things You Should Never Tell the IRS According to Nick Nemeth

IRS Problem With Nick Nemeth






Note – This post is an excerpt from Nick Nemeth’s talk on ‘Three Things You Should Never Discuss with the IRS’. To listen to what Nick had to say, watch the complete video at the end of this post. The Internal Revenue Code is extremely complicated and most taxpayers have little to no clue about the federal tax laws. This lack of understanding, combined with the pressure of dealing with the IRS, often results in taxpayers committing mistakes that cost them their homes, businesses and even families. To help you avoid facing a similar situation, in this post, we list

Read the full article…

4 Ways to Get Through IRS Tax Lien With Ease

IRS Tax Lien with nick Nemeth






When you are past the due date for tax payment, things can get much worse than you can ever imagine. In long overdue cases of nonpayment, the IRS holds the right to claim the defaulter’s assets, both tangible and intangible. An IRS tax lien can not only give you stressful days and sleepless nights, but also has a negative impact on your credit reports, as it causes your credit score to plummet drastically. Thankfully, there are a few ways to move out of this quagmire. Let’s talk about four such avenues. 1. Get an Overview of How Much You Actually

Read the full article…

Want to Avoid a Tax Audit? Read This to Find Out How!

Avoid a Tax Audit with Nick Nemeth






Once the taxpayers have filed their tax returns, the IRS conducts random tax audits to ensure that taxpayers have correctly filing their returns. If the IRS finds out any inaccuracies in a tax return, it sends a notice to the concerned taxpayer asking for an explanation. Tax audits can be quite upsetting, and although you can seek help from an IRS tax lawyer to deal with the situation, it is better to follow a few simple tips that can help you avoid a tax audit.  Come, let us take a look. e-File Your Returns The error rate for a return

Read the full article…

Worried about IRS Problems? The IRS Fresh Start Program May Help

IRS Problems with Nick Nemeth






The IRS has recently made changes to its Tax relief program (New Fresh Start Program) that makes it easier for taxpayers including small business taxpayers to settle their IRS debt for a reduced amount and avoid tax liens. Under the IRS New Fresh Start Program taxpayers would be able to resolve their debt problems quickly and for less money; however, it is advisable not to wait for the right time as these programs are constantly changing. If you are facing any IRS debt problem, this post will walk you through three important features of the IRS Fresh Start Program which

Read the full article…