Category: Blog

Scenarios in Which You Can File for IRS Penalty Abatement

File for IRS Penalty Abatement with The Law Offices of Nick Nemeth

There are two scenarios in which an individual may receive an IRS penalty; they are either late in paying their taxes or they file their tax return after the deadline. In case of late filing of your tax returns, the defaulter usually pays 5 percent of the tax amount every month, if the delay is less than 60 days. However, if they are late by more than that, they pay either a maximum of 100 dollars or 100 percent of the amount owed. In certain scenarios the defaulter can be exempted, some examples of which, we will discuss in this

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IRS Tax Issues, Resolutions, and Help


Millions of Americans face tax issues every year.  Whether it be an audit, an unfiled tax return, a tax lien, or a garnishment of wages, any tax problem with the IRS can wreak havoc on an individual, his or her family, and/or business.  The good news is there are resolutions to tax problems and help is available when dealing with the IRS. Tax Issues The IRS sends a letter and by simply opening an envelope, you have a tax problem.  The fear and intimidation of the IRS sets in and can be overwhelming.  Perhaps you forgot to file a return

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4 Consequences of Unfiled Tax Returns

Unfiled Tax Returns what to do

Negligence or inability to file a tax return, when you owe the IRS is an invitation to trouble. Many taxpayers are unaware of the fact that an unfiled tax return is worse than filing a return and not paying the due amount. If you are unable to pay your taxes, the IRS has avenues to help you pay what you owe the agency. Not filing a tax return is a crime, and you could be severely punished by the IRS. This blog post gives a brief overview of the four main consequences of not filing a tax return. Read on.

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Tax Tips to Prepare for the 2018 Filing Season

Tax Tips to Prepare for the 2018 with The Law Offices of Nick Nemeth

Although the start of the tax season is here you still have time to make the tax-filing easier and cheaper on your wallet. It goes without saying that your end-of-year tax bill is never cast in stone and now is the time to make sure that you have crossed all your t’s and dotted all your i’s. Here are some pro tips to help you take advantage of all the tax benefits open to you throughout the year and save time when filing your taxes with Uncle Sam. Make Retirement Plan Contributions Make sure to fund your retirement account by

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Answers to Some of the Most Frequently Asked Questions on Unfiled Returns

Unfiled Returns with The Law Offices of Nick Nemeth

Many taxpayers who have not filed their tax returns have several questions on unfiled returns. While some want to know about the statute of limitations on unfiled returns, there are others who are not sure of what steps they can take to avoid the penalties associated with unfiled returns. To help, in this post we answer some of the most frequently asked questions on unfiled returns. Read on. I did not file my tax returns. What could be the consequences? The IRS can charge a 5 percent penalty per month (that can go up to 25 percent) on your tax

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5 Important Tips To Avoid Tax Problems with the IRS

Avoid Tax Problems with The Law Offices of Nick Nemeth

Nobody wants to lock horns with the IRS as it can not just cause a lot of stress, but can also lead to severe consequences such as wage garnishment, or even jail. But, instead of getting intimidated by the IRS, the best thing to do is to avoid the pitfalls that can lead to such consequences. Lets us take a look. 1.  Make sure you file your tax return on time One of the most common reasons for taxpayers ending up on the wrong side is that they do not file their returns on time. The first step to avoiding

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Tax Problems that Call for an Experienced IRS Attorney

Tax Problems with The Law Offices of Nick Nemeth

No one wants to deal with the IRS, but once you came under the radar, dealing with the IRS problem at hand can be complex and overwhelming. More often than not, you need proper guidance when dealing with an IRS issue. In such cases, you need professional assistance from an experienced IRS tax lawyer. An IRS tax lawyer can help you take the right steps to come out of the problem. Being experienced in dealing with the IRS, an IRS attorney can help resolve your IRs problems and move ahead in your life. Continuing the discussion, in the post, we

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4 Steps to Filing Your Unfiled Tax Returns

Unfiled Tax Returns With The Law Offices of Nick Nemeth

Running afoul of the Internal Revenue Service is the last thing that anybody would want to do. However, mistakes happen, and sometimes the circumstances are such that you cannot avoid being on the wrong side. If you have been in a similar situation where you have not been able to pay your taxes and are now worried about the IRS penalizing you for the same, then here are four steps that can help you dig your way out of this problem. Step 1: Collect required tax documents. Get the copies of your W-2s, 1099s and all other relevant tax documents

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5 Scenarios Where it is Best to Hire an IRS Attorney

Advice for IRS tax Attorney with Nick Nemeth

Tax issues are complicated, and while taxpayers have the right to represent themselves before the IRS, the experience could be frightening, time-consuming and intimidating. Seeking the help of an experienced IRS attorney could mean less stress, more peace of mind and a better chance of turning the decision in your favor. Having said that, this blog post lists five scenarios where it makes more sense to hire a tax lawyer. Read on. 1. Unfiled Tax Return An unfiled tax return could be a serious offence, especially when you owe a large amount of unpaid taxes to the IRS. If there

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7 IRS Offer In Compromise Tips You Must Follow to Avoid Rejection

IRS offer in compromise with Nick Nemeth

IRS offer in compromise is  a great opportunity for taxpayers to start afresh as it helps them get rid of their tax debt. The idea is to give taxpayers some sort of relief if they owe any taxes, interests or penalties that they cannot pay off because of lack of income or assets. However, when applying to the IRS for an Offer In Compromise (OIC) you got to avoid some pitfalls that might lead to rejection. Having said that, in this blog post we discuss 7 IRS Offer In Compromise tips that you must follow to avoid rejection. 1. Do

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