Category: Blog

Tax Attorney or Enrolled Agent: Who to Choose for IRS Tax Problems Help?

IRS Tax Problems Help with The Law Offices of Nick Nemeth

Being in a deadlock with the Internal Revenue Service (IRS) can be extremely stressful, but with an experienced IRS tax professional on your side, no mountain will be too high to climb. In addition, hiring tax lawyer can help ensure the results are more favourable outcome. Though there are no guarantees, seeking IRS tax problems help is something you should seriously consider, for which you can either work with an IRS tax lawyer or an enrolled agent. The third category of professionals are CPAs, who often work in the taxation area and have limited rights to represent taxpayers in communications

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How to Make an Offer in Compromise to Settle a Tax Debt

IRS Offers in Compromise with The Law Offices of Nick Nemeth

As every citizen of the U.S. knows, it’s always wise to be well prepared when dealing with the Internal Revenue Service (IRS). Whether your issue is simply filling your taxes on time or something more involved, like setting up a payment plan for taxes owed, you should always educate yourself as much as possible about the system and how it works. With the tax code  so massive and complex it can be impossible for the average person to resolve more serious problems with the federal agency on their own. Individuals who are unable to pay their IRS tax debt may

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Understanding the Law on Unfiled Tax Returns

Filing Unfiled Tax Returns with The Law Offices of Nick Nemeth

Filing your taxes on time is essential to avoid coming under the lens of the IRS. If you have failed to file taxes, say 5, 10, 15 years or longer, you are sitting on a huge tax debt and must address the issue by filing unfiled tax returns. While you can always find experienced tax attorneys at the Law Offices of Nick Nemeth to help you out in cases of unfiled tax returns, it is wise to understand the law for a better understanding of your current situation. To help clear some misunderstandings, we present to you an overview of

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5 Things to Know When Filing a Claim for Innocent Spouse Tax Relief

Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

The IRS offers generous tax deductions when you file your returns as a couple. You can enjoy benefits such as increased chances of qualification for receiving large amounts of Earned Tax Income Credit, the Child and Dependent Care Tax Credit and more. Keeping these added advantages in mind, filing taxes jointly seems sensible from a financial standpoint. When you file jointly as a couple, both you and spouse are equally responsible for the entire tax debt. In such a scenario, if your spouse commits tax fraud and cheats the IRS without your knowledge, you are still liable for the joint

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IRS to Use Social Media to Track Defaulters: Here’s What it Means

IRS Tax Problems with The Law Offices of Nick Nemeth

Though the use of social media to catch tax evaders has recently become a hot subject, your so-called “private life” may have been a subject of interest for the Internal Revenue Service (IRS) for several years. As far back as 2013, observers of the U.S. tax scene have urged individuals to make sure activity on social media “backs up what you’ve submitted to the IRS.” These same sources add that you may need IRS tax problems help if you boast about your mini-vacations you are taking in combination with business trips, and you write it all off as business expense.

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Understanding the Types of IRS Tax Installment Agreements

IRS Tax Installment Agreement with The Law Offices of Nick Nemeth

Countless people, despite their best efforts, find themselves owing money to the Internal Revenue Service. For some of these taxpayers, the situation is a bit more difficult  because they simply don’t have the money to pay the amount in full. This, however, is not the time to panic, because you can find your way out of the problem through provisions such as IRS tax installment agreements. With the help of an experienced IRS tax lawyer, you can request a workable payment plan that is manageable and less stressful. Continuing on the subject, we give you an overview of the various

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Answering 4 FAQs about IRS Tax Lien Assistance

Tax Lien Assistance with The Law Offices of Nick Nemeth

A tax lien is a claim made by the government on an individual’s personal or business assets when you neglect or fail to pay the tax debt. It can be brought against your asset by the Internal Revenue Service (IRS), the state, or the local authority. A tax lien does not give the government the right to seize your property, unlike in a tax levy. However, it does allow them to force you to sell or liquidate your assets to collect what you owe. A tax lien can negatively affect your credit if not properly handled. To help get you

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5 Tips to Follow when Requesting an IRS Offer in Compromise

IRS Offers in Compromise with The Law Offices of Nick Nemeth

Many taxpayers face certain situations or circumstances wherein they are unable to pay off their tax debts. In such cases, the IRS has a number of tax debt relief options. One such option is an Offer in Compromise (OIC), which is an agreement between a taxpayer and the IRS that allows the taxpayer to settle any tax liabilities for an amount lesser than the actual unpaid amount. If you owe a large sum of money to the IRS and do not have the means to pay the amount in full, you can always request an Offer in Compromise to settle

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Answering Frequently Asked Questions about Payroll Tax Problems

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

Every employer is required to timely report and pay payroll taxes, for which they must accurately record the total income of their employees and the amounts withheld. Although understanding all the steps involved in preparing and filing payroll tax returns is important in avoiding mistakes, it is equally important to resolve common questions related to payroll tax problems. Having said that, in this blog, we answer some frequently answered questions about payroll tax problems. Take a look. What are possible payroll tax problems? Employers, by law, are required to withhold three separate types of taxes from their employees. In case

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A “Reasonable Cause” for IRS Penalty Abatement: What Does it Mean?

IRS Penalty Abatement with The Law Offices of Nick Nemeth

Penalty abatement is a provision that allows taxpayers to remove penalties and interests imposed on them for unpaid taxes by the IRS. Taxpayers who have unfiled or unpaid tax debts and have a “reasonable cause” for the noncompliance, can apply for penalty abatement relief. It is, however, important to know that the abatement does not reduce the actual tax amount; it only removes the penalties or interest. Another aspect to remember is that there are a set of causes that are considered to be reasonable enough to waive off a penalty or interest. Continuing on the subject, in this blog

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