Author: The Law Offices of Nick Nemeth

A Look at the Initiation of IRS Tax Investigations

Posted by The Law Offices of Nick Nemeth on March 4, 2022

There are many reasons why you might end up facing an Internal Revenue Service (IRS) tax investigation. Many taxpayers don’t even know they’re under investigation regarding alleged tax evasion or tax fraud until the IRS comes looking for them. There are many different kinds of tax fraud that all attract different penalties, and without proper counsel, it is easy for issues to spiral out of control. If an IRS agent comes across incriminating information during the civil audit, it can lead to an indictment or jail time in certain cases. When you understand how the IRS initiates its tax investigations,

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3 Benefits of Settling IRS Tax Debts

Posted by The Law Offices of Nick Nemeth on February 22, 2022

There is every reason to expect bad news from the IRS once you are late with your payments. While this may be true, the IRS offers defaulting taxpayers many options to settle their tax debts to avoid penalties, interest, and other undesirable consequences. The options, such as an offer in compromise and a penalty abatement, present many benefits to taxpayers. Let’s look at some of the benefits of settling IRS tax debts. 1. Avoid Penalties and Interest The main benefit of settling IRS tax debts is avoiding additional interest charges and penalties. The IRS charges a 0.5% failure to pay

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Best Practices for Multistate Payroll Tax Compliance

Posted by The Law Offices of Nick Nemeth on February 11, 2022

Work-from-home has allowed more employers to hire employees across state lines. Although this development provides employers with limitless options, it also leads to the ordeal of having to withhold income tax for multiple states. The complexity of multistate payroll tax compliance arises from the need to navigate a different set of rules for each employee who lives in one state and works in another, or that executes tasks for you in more than one state. Complying with IRS payroll tax has now become one of the biggest problems for payroll professionals, making it vital for employers to stay on top

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How to Appeal a Rejected IRS Offer in Compromise

Posted by The Law Offices of Nick Nemeth on January 27, 2022

IRS Offer in Compromise (OIC) is one of the simplest ways for taxpayers to settle their outstanding tax liabilities, but that doesn’t mean everyone can qualify for it. In many cases, and due to a myriad of reasons, requests for an IRS Offer in Compromise are rejected. The IRS may offer to adjust the amount in the request to settle the outstanding taxes but that can still be too much for the taxpayer to afford. In such cases, the taxpayer has the right to administratively appeal the rejection of their OIC request to the IRS Office of Appeals. In this

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All You Need to Know About a Notice or Letter from the IRS

Posted by The Law Offices of Nick Nemeth on January 17, 2022

Receiving any communication from the IRS can easily result in sleepless nights. There are numerous letters and notices that may come to your mailbox and they often bring anxiety and stress with them. On the one hand, there is a fear that you will soon be saying goodbye to your hard-earned money; on the other hand, the IRS could take more than just your savings account. But, as they say, with the right approach no mountain is too high to climb. Moreover, if you have received an IRS notice or letter then the last thing you should do is ignore

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Steps to Appeal Your IRS Audit

Posted by The Law Offices of Nick Nemeth on January 11, 2022

The very mention of the term ‘IRS audit’ is enough to worry even the most diligent taxpayer. Whether the audit is to investigate back taxes, penalties, interest, or sanctions it can result in perpetual visits to the IRS office or even visits from IRS agents to taxpayers on the receiving end. That, however, is just the beginning of the worries. If all of the findings of the audit are against the taxpayer’s interest, it can result in serious financial consequences. That is when taxpayers can turn to the Office of Appeals. How does the Office of Appeals Help? Even though

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Notable Dos and Don’ts When Applying for IRS Penalty Abatement

Posted by The Law Offices of Nick Nemeth on January 4, 2022

IRS penalties can be a nightmare for taxpayers. Making the scenario worse is the fact that most penalized taxpayers either do not request relief or have their abatement request turned down because they failed to comply with the IRS’s filing guidelines. That is the reason why it is important for taxpayers to rope in an experienced IRS tax lawyer. With proven experience in handling IRS penalty abatement cases your tax attorney can help you earn a determination in your favor. In this article we cover some notable dos and don’ts when applying for IRS penalty abatement. Read on. Dos Utilize

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How Are Tax Returns Processed by the IRS

Posted by The Law Offices of Nick Nemeth on December 14, 2021

The tax returns filed with the Internal Revenue Service (IRS) need to undergo quite an extensive review process before they are finally accepted. While it is mandatory for each taxpayer to regularly file tax returns, not everyone is aware of what exactly happens once they submit their file. Keep reading to know how the IRS uses an amazing blend of man and machine to process tax returns. Error Resolution Service Firstly, the filed return goes through an error resolution service, which is designed to point out potential errors. If it finds an error, the return file is reviewed by an

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How to Spot and Avoid Tax Scams

Posted by The Law Offices of Nick Nemeth on December 6, 2021

The Internal Revenue Service (IRS) is very strict when it comes to payment of taxes. In trying to fulfill your obligations as a taxpayer, it remains important to keep an eye out for fraudsters that waylay taxpayers with all sorts of schemes including threatening an IRS tax investigation. The IRS makes a concerted effort to warn taxpayers about the existence and form of such schemes. This blog looks at how to spot tax scams and avoid them. Email Scams The Internal Revenue Service does not initiate any contact with taxpayers through emails if they need any personal or financial information.

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Federal Tax Liens Vs Mortgage: Which One Takes Priority?

Posted by The Law Offices of Nick Nemeth on November 22, 2021

When it comes to managing different tax-related issues such as paying dues, filing returns, and handling liens, levies, and mortgages, it is extremely important to set the right priorities to avoid IRS tax problems. Two of such issues that demand immediate attention are tax liens and mortgages. A tax lien refers to the government’s right to claim your property due to the failure to pay your taxes, while a mortgage is a legal agreement through which you take a loan from a lender while putting up your property’s title as security. In this blog, we take a look at Federal

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Kristi Thompson

19:31 21 May 18

Making a call to Nick Nemeth was the best decision I ever made. After years of fighting the IRS myself and getting deeper and deeper into debt with interest adding up to more than I owed to start with I had to do something. Nick's office got the IRS to settle with me for 10% of what they said I owed. Although it took a little over a year it was worth it in the long run. Elizabeth is in my opinion one of the best employees that Nick has. She stayed in touch with me and explained everything every step of the way. I totally recommend them to help with IRS issues. Thank you again Kristi Thompson

Peter Demusz

11:38 29 Jun 18

Best choice possible. Great attorney. And the staff there are amazing. From the front desk to the back of the back office they are professional, knowledgeable, and compassionate.

Steve Foose

11:14 19 Jun 18

Sherry and I just wanted to say Thank You to everyone at the Law Offices of Nick Nemeth! From the very beginning the staff has always been very personable and of course professional. The payment terms up front were very helpful and the communication was always prompt. The most important item we want to make clear was the level of commitment and services provided on the firms part never dwindled from the beginning to the end, long, long after the payments were made by us. Also the prediction of the settlement was very close to what we were told from the very start. At one point the IRS claimed we owed almost $10,000,000 in taxes!!! Through the firms hard work and extensive experience our case has been settled and we will have paid $88,469 total. Thank you very much...Promises Made, Promises Kept, Steve and Sherry Foose May 29th, 2018

J Baker

03:11 08 Feb 18

We enjoyed working with Nick and his staff. They are very professional, courteous and timely. The main thing I appreciate about Nick is that he will tell you upfront whether or not he can help you. While our situation was unique to us--we were not able to get much relief from the IRS. However, Nick was able to help us manage our way through the extremely untimely, inefficient, and non-compassionate IRS. We are very thankful for Nick's help with this process. There is no way we would have been able to figure out the IRS process on our own. If you think you can do it on your own--good luck--but I would recommend giving Nick a call.

Jay Goodart

20:04 13 Jun 18

NIck and his team were very helpful in resolving an ongoing issue with the IRS. The team was great at keeping me current on all correspondence and brought a long outstanding issue to a quick and equitable close. Highly recommend them.

Robert Woodward

01:36 21 Sep 19

We owed the IRS a tax debt we could not even possibly begin to pay. We had tried dealing with the IRS directly and had talked with another attorney and had been given a dire picture of what would ensue, and were more confused and fearful than when we started. We walked into The Law Offices of Nick Nemeth full of fear and trepidation, not knowing what to expect. The front desk staff were relaxed and professional, and assured us that if anybody could help us, it would be Nick Nemeth. Nick walked into the conference room and was confident and friendly. After talking with us at length and reviewing our files, he told us that we qualified to obtain the rare and coveted Offer in Compromise, which would, if approved by the IRS, result in a one-time payment of a small fraction of our tax debt. We met with Brittney, our case manager, who clearly explained what we would need to do, and that we would be working with Brad and Elizabeth as well. All three were readily available to communicate with us via telephone or email and met with us in person as needed. They helped us complete all the necessary documentation for submission to the IRS, and were very reassuring during the long wait for the IRS to come to a decision. Much to our surprise and delight, our Offer in Compromise was accepted by the IRS, reducing our tax debt from well over $100,000 to just over $1,300! This would never have happened without the assistance and knowledge of Nick Nemeth, Elizabeth, Brittney, Brad, and the other staff of Nick’s law office. We would highly recommend retaining their services to anybody who feels overwhelmed and hopeless due to a huge tax debt. Don’t give up! Nick and his staff will not give up, and will fight the IRS for you to the end! The relief of having such a huge weight lifted off our shoulders was indescribably relieving. Christy and Bob Woodward

David Tracy

12:52 04 Jul 19

Nick and his staff were so helpful and informative. Although he could not assist me me at this time, he did refer me and his assistant Joanne was more than willing to help me find a to a CPA that he was was confident with and believed he could help solve the problem I am facing. The staff was friendly and eager to help in any way they could. Kudos to all the people at his office. Great people!

mike swope

16:49 17 May 19

Nick was not our first foray into this, the previous others had either just stolen our money or taken our money and closed their business without any refund, and we were left hanging. Not Nick Nick is the real deal, he has the knowledge both legal and practical to help you find a way back above the water. His team is rock solid and they answer your calls and email every time. Not only did Nick do what he said he would do, which is rare in today business world, he also helped us learn and grow so were better prepared for any future issues too. When I say trust I mean Trust Nick!

Stinson Bland

20:22 20 Mar 19

I spoke to Chase about hiring him to help me with my back taxes. He took his time to understand my situation and gave me honest feedback. He truly put my interest first and didn't try to sell me anything. He simply gave me a few options and told me what he thought made the most sense in my current situation. I highly recommend speaking to him if you have questions or concerns associated with the IRS and taxes.

Victor Arroyo

17:50 23 Jan 19

Nick, I am really glad we had a mutual friend who knew you. From the first consultation, which was real and genuine, to meeting everyone that was on my team, I really felt you all understood my situation. I was seven years behind on filing my taxes and all the sudden I get hit with a tax lien. That woke me up! I really felt Nick and his team understood and cared about my IRS problem. Brittney was phenomenal! Your process of time lines and check points made it challenging for me, however, it provided me an easy path and simplified it in a way that I could understand. Thank you for all your support. I am very thankful that when I shared my painful and embarrassing situation with my friend that he recommended you. I didn’t have to look over all town and waste my time and money with an organization that doesn’t have a face behind the name. I know I made the right decision. My recommendation to every one, HIRE THE EXPERTS!