Author: The Law Offices of Nick Nemeth

Understanding a Tax Lien and How to get it Removed

Things to know about Tax Lien

A lien, by definition, is a hold on property imposed by the government in a scenario of accumulated back taxes by a taxpayer. A lien is designed to protect the interest of the government as well as forewarn the creditor that the IRS has a legal right to their property. Apart from personal property, a tax lien is applicable to real estate, vehicles, and financial assets. If a federal tax lien isn’t taken care of by the taxpayer, the government may impose a tax levy which is the actual seizing of property, assets, and bank accounts to cover the taxes

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Understanding the Types of Penalty Relief Offered by the IRS

Types of penalty relief

A vast majority of taxpayers in the US end up paying hefty IRS penalties, because of lack of knowledge and understanding about penalty relief options offered by the IRS. The IRS uses penalties to discourage people from committing any sort of tax evasion, but also offers abatement of penalties and interest to those who try their best to comply with the law but somehow fail to meet tax obligations due to circumstances beyond their control. If you are dealing with tax penalties, in this blog post, we discuss the penalties that are eligible for relief and the types of relief

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What Employers Should Know About Wage Garnishment?

All You Need To Know About Wage Garnishment

As per the latest study by the ADP Research Institute, the IRS garnishes wages of around seven percent of workers in America every year. There are many types of debts such as unpaid federal or state taxes, overpaid unemployment benefits or social security, alimony, credit card debt, child support, and personal bankruptcy which can result in wage garnishment. A garnishment order from the IRS is time-sensitive and may impose an extensive compliance burden on employers, making it critical to hire a lawyer who can help them take adequate steps to comply with garnishment orders. Continuing further, let’s discuss everything employers

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A Look at Some of the Most Serious IRS Problems Faced by Taxpayers

How to Set Up a Payment Plan with IRS

Every year, the annual report of the National Taxpayer Advocate to Congress identifies at least 20 serious IRS tax problems faced by taxpayers. Some of the issues significantly affect the way taxpayers pay taxes and receive refunds, even if they do not involve disputes with Uncle Sam. As the voice of taxpayers, the National Taxpayer Advocate sends an annual report to the IRS with the aim to elevate these IRS issues and recommend permanent solutions. Continuing further, in this blog post, we look at four of the most serious IRS problems faced by taxpayers. Read on! 1. Tax Law Questions

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Does a Payment Plan Stop Penalties and Interest?

Does a Payment Plan Stop Penalties and Interest

Taxpayers should pay their taxes as soon as possible to stop accumulating penalties and interest and reduce chances of being the subject of an IRS tax investigation. In case you can’t pay your taxes, you should consider entering into an installment agreement. You can also get relief from late tax penalties if you tried to comply with the legal requirements but failed to meet your tax obligations due to unfortunate and uncontrollable circumstances. There are instances when taxpayers receive a notice from the IRS with incorrect information. In such circumstances, they should talk to a tax resolution attorney and try

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5 Common IRS-Related Problems Everyone Should Know

A Guide to Common IRS Related Problems

Taxation related issues may seem trivial on face value but they can snowball into serious problems if kept unchecked and not resolved. Even a first time instance or an unintentional mistake is good enough to get the IRS involved, putting your bank accounts, pay-checks, and even liquid assets under the threat of being investigated and/or seized. That is why you must always be in a position to make informed decisions. While professional consultation and assistance is always recommended in tax matters, it still helps to learn and understand IRS matters for yourself. In this blog, we take a closer look

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A Guide to Filing Unfiled Tax Returns

According to Forbes, about 7 million people in the USA fail to file their tax returns each year. The IRS, as a part of its National Research Program, released a study in 2011 that indicted government losses of up to $28 billion per year as a result of non-filing. These huge losses force the IRS to impose heavy penalties for unfiled tax returns. That is why it is advisable for every taxpayer to know how to navigate unfiled taxes. To help, let’s discuss everything you need to know about filing unfiled tax returns and the penalties for failing to do

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5 Types of IRS Installment Agreement to Pay Your Tax Debt

About Self-Employment Tax

The IRS offers installment payment plans to taxpayers whose tax bill is too hefty for a single payment. Under this plan, taxpayers can spread their payments over several months to make the bill more manageable. If individuals don’t pay such installments on time, the IRS may seize their property, place liens against their assets, and even garnish their wages. After approving a payment plan, the IRS will charge the taxpayer some extra fees. Taxpayers who qualify for a short-term payment plan are not required to pay such a fee. Continuing on the subject, let’s look at five types of IRS

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Key Takeaways from the Latest IRS Updates in the Wake of COVID-19

Facts about IRS Payment Plans

Given the surge in Covid-19 cases, the IRS continues to remind tax professionals and taxpayers to use electronic options to speed the processing of tax returns, payments, and refunds. In compliance with the instructions of local health authorities around the country, certain IRS services, which include processing paper tax returns, live assistance on telephones, and responding to correspondence, continue to be extremely limited. While most departments are operating at a reduced capacity, you can always call your IRS tax attorney for help in critical issues or visit volunteer tax preparation sites like which have continued to guide taxpayers through

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Effect of the COVID-19 Pandemic on IRS Tax Problems

Coronavirus impact on IRS Tax Problems

COVID-19 has caused significant operational bottlenecks in most organizations across the world, and the same has been true for the IRS as well. With 70 million taxpayers filing their returns for 2020 and about 70,000 employees working from home, the nation’s tax administration is in the middle of a perfect storm. Besides, the agency is handling the other important job of distributing stimulus payments with the passage of the CARES Act and other COVID-19 assistance laws. Taxpayers dealing with IRS problems can greatly benefit by reaching out to a trusted IRS tax attorney to better manage their tax problems. Continuing

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