tax season alerts
  • August 25, 2022
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Did you know that approximately 11.23 million Americans failed to pay their taxes on time during the coronavirus pandemic? This translates to $125 billion of unpaid taxes. From the government’s point of view, a lack of revenue means it can’t invest in important national developmental programs. In an attempt to recover unpaid taxes, it sends a Notice of Intent to Offset to taxpayers who default on their payments. Taxpayers in Dallas can turn to tax lawyers like Nick Nemeth for solutions to IRS tax problems such as being the recipient of a Notice of Intent to Offset. In this blog, we are going to look at all you need to know about the IRS Notice of Intent to Offset.

What is a ‘Notice of Intent to Offset’?

A Notice of Intent to Offset is an informational letter that is sent to a taxpayer if they owe the IRS back taxes. You may also receive such a notice if you owe a significant amount of money to any other government agency. The underlying meaning of the Notice of Intent to Offset is that the IRS is currently planning to seize your tax refund. If you have received such a notice, seek expert tax help in Dallas right away.

Blog Related Post: All You Need to Know About Tax Audits

The Consequences of an IRS Tax Offset

In most cases, a Notice of Intent to Offset means that the government will only seize a portion of your payments or refunds. However, the amount the IRS will take depends on a number of factors. Generally, the Treasury’s Bureau of Fiscal Service (BFS) offsets the entire tax refund of a taxpayer if they owe more than the total amount of refunds. If you fail to resolve the issue early, it might lead to the IRS offsetting your future refunds as well.

Blog Related Post: Roadmap to Dealing with an IRS Tax Issue

How to deal with a Notice of Intent to Offset

As with all IRS tax problems, you should take immediate action once you receive a Notice of Intent to Offset. First, make sure that every detail in the notice is accurate. The best way to do that is to verify the following information:

  • Your name
  • The amount of your federal payment or tax bill
  • The agency that’s initiating the offset notice
  • The agency’s contact information (With the rise in fraudulent attempts in the US, it is always recommended that you double-check the contact information present in the document)

Next, you must decide whether you want to fight the offset notice or allow the IRS to seize your money. It is highly recommended that you consult an experienced tax debt lawyer in your area to figure out the ideal resolution. You can easily find a seasoned Dallas IRS attorney to assist you get IRS problem resolution.

Final word

It is always recommended to file and pay your taxes in full in time to prevent the IRS from seizing your tax refunds, among a host of other potential IRS tax problems. In the event that you find yourself in a sticky situation, don’t hesitate to seek IRS problems help from an experienced Dallas IRS attorney. For all types of IRS tax problems resolution, you should look no further than the Law Offices of Nick Nemeth. We are the leading Dallas tax law firm, powered by a team of highly experienced IRS tax problems lawyers. The experts provide assistance across all IRS locations in Dallas, Texas. Simply call (972) 426-2553 or use our Contact Form to schedule an appointment.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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