Author: The Law Offices of Nick Nemeth

A Brief Guide on How to Stop an IRS Levy

IRS Levy Help with The Law Offices of Nick Nemeth

An IRS levy is a tool used by the IRS to collect unpaid taxes from taxpayers by seizing their assets such as real estate, vehicles, bank account, and wages. It can be a distressful situation for taxpayers, but there are a few ways to stop an IRS levy and arrive at a settlement with the tax agency with the help of an IRS tax lawyer. In this post, we discuss how to stop an IRS levy early in the process, so that it does not impact your life. Read on. Written Communication One of the first remedial actions taxpayers can

Read the full article…

Wondering How to Pay Payroll Taxes to the IRS? Read This Now!

How to Pay Payroll Taxes to IRS with The Law Offices of Nick Nemeth

The IRS mandates every employer to timely report and deposit payroll taxes, providing an accurate record of the total income of employees and amounts withheld. Understanding all the steps involved in preparing and filing payroll tax returns helps employers avoid mistakes that can have serious repercussions, including heavy penalties. Continuing on the subject, in this blog post, we explain how to pay payroll taxes to the IRS. Take a look. Reporting Payroll Taxes Generally, the IRS requires employers to report wages and other forms of compensation paid to employees. Employers must file the relevant forms to report employment taxes. Along

Read the full article…

Reasonable Causes for the Abatement of IRS Penalties & Interests

Abatement of Penalties & Interest with The Law Offices of Nick Nemeth

The IRS tax penalty abatement is a provision that helps remove late payment penalties and interests imposed by the IRS on taxpayers for unpaid debts or not filing tax returns within the given timeline. If you too have unfiled or unpaid tax debts and a “reasonable cause” for the noncompliance, you can apply for penalty abatement relief, requesting the IRS to remove the penalties levied on your tax amount. The abatement, however, does not reduce the actual tax amount, it only removes the penalties or interest charged by the IRS. Continuing on the subject, this blog covers all you need

Read the full article…

Unable to Pay Federal Tax Debts? Request an Installment Agreement

IRS Tax Installment Agreement with The Law Offices of Nick Nemeth

Though the IRS requires every taxpayer to pay their taxes on time, many people are unable to abide by the directive. But not all is lost. The IRS tax installment agreement, as the name suggests, is a payment plan for taxpayers who are unable to pay off the entire debt in one go. The Law Offices of Nick Nemeth has a team of experienced IRS tax lawyers who can help you request an installment agreement with the tax agency through the following types of installment agreements. Take a look. Guaranteed Installment Agreement A taxpayer qualifies for this installment plan if

Read the full article…

Need Help to Resolve IRS Tax Problems? Read this Now!

IRS Tax Problems Help with The Law Offices of Nick Nemeth

Most people would agree that the season of paying taxes is stressful, as tax codes can be difficult to understand. To make matters more serious, the IRS has strict penalties when it comes to dealing with defaulters. A small mistake, such as a delay in paying taxes can lead to unnecessary penalties or fines. If you have unpaid debts, consult an experienced IRS tax debt attorney at the Law Offices of Nick Nemeth. Continuing on the subject, this blog covers some of the common ways to resolve IRS tax problems. Take a look. Unable to Pay Taxes Inability to pay

Read the full article…

Answering 5 FAQs About IRS Tax Appeal Process

IRS Tax Appeals with The Law Offices of Nick Nemeth

If you have reasons to believe that the IRS has made an error in judgment when analysing your tax records, you can file an appeal to the Office of Appeals to get the issue resolved. The Office of appeals is an independent organization that helps in dealing with tax-issues, especially in cases where the IRS made an error. Although you can take the the DIY route and file an appeal yourself, it is advisable to seek the help of an IRS tax attorney, and use their expertise to address the issue at hand. Continuing on the subject, we answer five

Read the full article…

A Guide to Paying Payroll Taxes to the IRS

A Guide to Paying Payroll Taxes to the IRS

When you set up and start a business, you have certain responsibilities as an employer, one of which is paying payroll taxes to the IRS. Every employer is required by law to withhold payroll and FICA taxes from the salary of the employees and pay to the IRS. Besides paying the taxes, employers need to report the taxes paid, and file a payroll tax return to avoid any misunderstanding or tax issues with the IRS. Continuing on the subject, in this blog post, we discuss all you need to know about payroll taxes. Calculating Payroll Taxes Payroll taxes, which are

Read the full article…

Common Payroll Tax Problems and Their Solutions

IRS Payroll Tax Problems with The Law Offices of Nick Nemeth

Every business, no matter how big or small, is required to withhold a certain part of its employees’ wages  to pay applicable federal, state and local taxes on their behalf. If a business fails to pay payroll taxes in time, the IRS has the right to impose interest and penalties and the federal body has been quite aggressive in its recent payroll tax collection practices, with even the slightest anomalies in payroll tax payments coming under its lens. If you are facing any payroll tax problems, speak with the tax attorneys at the Law Offices of Nick Nemeth. Continuing on

Read the full article…

Understanding the Nitty-Gritty of a Federal Tax Lien

IRS Tax Lien Assistance with The Law Offices of Nick Nemeth

A tax Lien is the last thing a taxpayer wants to receive from the IRS. When a taxpayer neglects or fails to pay their tax liabilities in time, the IRS files a public document – the Notice of Federal Tax Lien.  This document alerts the defaulter that the IRS has the legal right to claim their property or assets such as real estate, bank accounts, and vehicles. This is the first major step the IRS takes against a tax defaulter. A tax lien may limit a taxpayer’s ability to get credit in future. If you also have received a notice

Read the full article…

Want to Settle Your IRS Tax Debt? An Offer in Compromise Can be a Way Out

If financial constraints have been preventing you from settling your tax liabilities, an Offer in Compromise can be a way out of the problem. An Offer in Compromise is an agreement between a taxpayer and the IRS, allowing for a settlement of debt for an amount less than the actual debt. If a taxpayer is financially capable of paying their debt in full, they are not eligible to file an OIC. It is also important to know that there is no legal right to get a waiver on your tax liabilities, and that it is at the sole discretion of

Read the full article…