Author: The Law Offices of Nick Nemeth

Guide to Handling a Tax Lien on Your Home

Understanding Tax Lien

There’s nothing more frustrating than the IRS putting a tax lien on your home. This is one of the worst IRS tax problems that a taxpayer can face. No matter your financial situation, the IRS may end up putting a lien on your property if you have tax debt. The best way to avoid a lien is to get up-to-date with your taxes or apply for a suitable IRS debt relief program. Dallas IRS attorneys can provide you with the best help when seeking IRS tax problems resolution pertaining to a tax lien. In this blog, we are going to

Read the full article…

Can a Taxpayer Have 2 IRS Installment Agreements?

Payment Plans Installment Agreements

The Internal Review Service (IRS) offers several debt relief options for taxpayers that are facing difficulty paying outstanding taxes. While available options include OIC (Offer in Compromise) and CNC (Currently Non-Collectible), an Installment Agreement (IA) remains the most widely preferred option. It’s worth remembering that an IA doesn’t actually forgive your debt but allows taxpayers to pay outstanding taxes over a set period of time. For taxpayers with unfiled tax returns, an installment agreement happens to be the easiest option to qualify as compared to other IRS debt forgiveness programs. We recommend that you consult with a Dallas tax lawyer

Read the full article…

All You Need to Know About Filing Taxes for a Deceased Person

About Filing Taxes

Discharging tax obligations remains important even in the event of a taxpayer’s death. The task falls to the administrator of the estate to make sure that they have crossed every t and dotted every i in line with the tax code. It is always advisable to consult a reputable IRS tax attorney when handling the tax affairs of a deceased person. In this blog, we are going to take a closer look at all you need to know about filing taxes for a deceased person. IRS’ stance on taxes for deceased people Let’s be clear about one thing. The IRS

Read the full article…

All You Need to Know About IRS Audits

IRS Tax Audit

Being the subject of an IRS audit is one of the worst experiences you can have as a taxpayer. If a taxpayer faces an IRS tax investigation, the Internal Review System (IRS) will examine their financial info and accounts to check for discrepancies and inaccuracies. There is no hard and fast criteria when it comes to selecting taxpayers for an audit. In fact, the entire procedure represents a random selection process, in which the agency’s computer system is employed to flag returns that deviate from the norm. One way to properly defend yourself during an audit and safeguard your interests

Read the full article…

IRS Suspends Mailing of Additional Letters – All You Need to Know

tax season alerts

Imagine filing and paying your taxes, only to get a notice from the IRS stating that you did not. Many people have had a similar experience this year as a result of the IRS’s automatic notices. While receiving an IRS notice requires IRS debt relief services, it might not yet be the time to hire a debt attorney if you have already paid your taxes. The IRS may not have reviewed your filing as it is dealing with a mound of returns and correspondence that has accumulated over the last two years, thanks to the pandemic. The good news is

Read the full article…

A Comprehensive Look At IRS Debt Relief Plans

irs debt relief plans

If you have unpaid taxes and are looking for ways to get IRS debt relief, it is imperative to talk to a debt relief attorney without delay. Although there are numerous IRS debt forgiveness plans, the conditions surrounding your unpaid IRS debt will eventually determine your eligibility for these options. Dallas tax attorneys help you navigate the different IRS debt relief options to find and pursue one that delivers the most favorable results. Let’s take a deep dive into the nature of the different plans as well as the eligibility criteria. Different IRS debt relief plans The following is a

Read the full article…

The Effects of Unfiled Tax Return You Should Know About

No one wants to see themselves on the wrong side of the IRS, which is why it is important to take all possible measures to abide by the filing guidelines stipulated by the authority. That said, many people, despite paying taxes, ignore the significance of filing a tax return. Most US citizens and permanent residents in the country are required to file a tax return if their annual income exceeds a certain amount. If you haven’t filed your income tax return, this article could be an eye-opener. Read on as we present the possible repercussions of an unfiled tax return.

Read the full article…

Key Benefits of an IRS Installment Agreement

Payment Plans Installment Agreements

The IRS might be one of the most feared authorities in the US, but that, however, does not mean that it is blind to the concerns of the people. While the tax authority is known for taking no hostages when it comes to compliance, it does have more than a few provisions for distressed taxpayers, who, despite their intent and the best of efforts, are unable to meet their tax obligations. The IRS Installment Agreement is one such provision. If you are considering it to find your way out of a tax debt spiral, this article is for you. Read

Read the full article…

Common Consequences of Not Filing Your Taxes or Underpaying

When some taxpayers owe the government but cannot afford to pay, their first instinct is to not file their tax returns. This can lead to serious IRS tax problems when the Internal Revenue Service (IRS) imposes harsh penalties for failing to file taxes. The penalties are usually more severe than those for failing to pay what you owe. In fact, the IRS imposes interest and penalties from the first day you’re late with your filing. In this blog, we are going to look at the common consequences of not filing your taxes or underpaying. A penalty is inevitable The IRS

Read the full article…

IRS Tips for Filing Your Return for 2021

file tax return

When it comes to filing your taxes, it is always advisable to plan ahead of time. Planning ahead of time will assist you in filing accurate returns and in avoiding processing delays, which also helps eliminate delays in receiving your tax refunds. Now that the tax season for 2022 is underway, the Internal Revenue Service (IRS) advises taxpayers to double-check everything before filing. If you are not sure where to start, hiring an experienced IRS attorney is the best way to go. In this blog, we are going to look at some of the top tips for filing your IRS

Read the full article…