Category: Blog

What ‘Not’ to Do When Up Against IRS Tax Problems

IRS Tax Problems

Every year millions of people face IRS tax related problems such as unpaid taxes, liens on assets, and various types of penalties for different reasons such as noncompliance, provision of inaccurate information, and late filing. No matter the problem, the IRS tax lawyers at the Law Offices of Nick Nemeth are equipped to help you carve out a solution and deliver the IRS tax problem help you need. Continuing on the subject, in this blog post, we present some common mistakes to avoid at all costs, when up against IRS tax problems. Read on. 1. Do Not Ignore any IRS

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Wrongly Penalized by the IRS? Here’s What to Do

IRS Penalties

If the IRS ever makes an amendment to your tax return that you do not agree with, you have the right to appeal against the decision. The IRS Office of Appeals offers a way to resolve disagreements with the IRS that relate to your financial assessments. Taxpayers are entitled to get a written response within a certain period of time after they have appealed against an IRS decision, including penalties. If you are wrongly penalized by the IRS, this blog post is for you. Read on as we cover all the details of the process of appealing against the IRS.

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Mistakes to Avoid when Requesting IRS Penalty Abatement


Taxpayers who fail to file their returns or pay their taxes are given a one-time waiver known as the first-time penalty abatement (FTA). Common penalties such as failure-to-file, failure-to-pay and failure to deposit can be revoked with the help of an FTA. In most cases, IRS is willing to negotiate with the taxpayers to agree upon a mutually beneficial settlement. While experienced tax attorneys from a reputable law firm such as the Law Offices of Nick Nemeth can help you request IRS penalty abatement, it is advisable to be aware of the common mistakes people commit in the process. Continuing

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What to Do When Facing an IRS Tax Problem


Millions of Americans run into trouble with the IRS every year. Be it unpaid taxes or unfiled returns, wage garnishment or a tax lien, most problems can be fixed with the help of an IRS tax attorney. If you happen to have a run-in with the IRS, let a licensed tax attorney handle it and negotiate an agreement for you. While you can always rely on the IRS tax lawyers at the Law Offices of Nick Nemeth to help you out with all your IRS tax problems, it is sensible to stay aware of the basic steps to be taken

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Understanding How to Stop an IRS Tax Levy


Most people end up in a state of panic when facing an IRS tax levy, as the possible repercussions are not limited to their bank accounts or wages. When a taxpayer receives a tax levy notice from the IRS, it is possible that the IRS may even freeze their assets. The IRS is legally authorised to hold on to your assets and your bank funds if you neglect or fail to pay your taxes. Thankfully, there is still hope. So, if you have been wondering, ‘how to stop an IRS tax levy’, this blog post is for you. Read on.

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Filing an IRS Offer in Compromise? Read This First!

Filing an IRS Offer in Compromise - Contact The Law Offices of Nick Nemeth

Nobody can escape taxes, but what if you are broke and can’t pay the whole amount? To deal with such situations, the IRS provides you with the option of requesting an Offer in Compromise (OIC) that allows taxpayers to dissolve their tax liability for an amount lower than the actual amount owed to the IRS. To request an OIC, applicants need to fill either Form 433-A (for individuals), 433-B (for businesses), or Form 656(s) (for corporation, LLC, and partnership). However, there are certain things you need to know when filing an IRS Offers in Compromise, which we will present in

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Wondering How to Get Assistance Regarding a Tax Lien? Read This Now

Wondering How to Get Assistance Regarding a Tax Lien?

A Federal tax lien comes against your owned assets in case you fail to pay your income or property taxes. You can also consider tax lien as an IRS (Internal Revenue Service) response to your unpaid tax debts. It allows the Federal system to initiate the sale of your property or owned businesses and when sold, can collect a portion or the total value, based on the amount owed by you. All in all, a tax lien may affect you in the following ways: Limit your ability to attain credit. Attach all your assets, including property, vehicles, business, or any

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5 Things You Can Do to Prevent IRS Passport Block

5 Things You Can Do to Prevent IRS Passport Block

In 2015, Congress passed a bill with various restrictions on individuals with “seriously delinquent tax debt”, after two years of fine-tuning the enforcement details. The bill granted the IRS the power to refuse to renew or invoke the passports of tax defaulters, pushing thousands of people into panic, who were trying to figure out how to solve their tax issues. If you too are grappling with the same situation, the Law Offices of Nick Nemeth, PLLC, is ready to help. Continuing on the subject, we present an overview of all that you can do to prevent IRS passport block. Read

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Answering 5 FAQs about IRS Tax Installment Agreement

Answering 5 FAQs about IRS Tax Installment Agreement with The Law Offices of Nick Nemeth

If like many Americans, you also owe back taxes and are not able to pay despite your best efforts, what should you do? The answer lies in many of the provisions offered by the IRS to help taxpayers who are unable to fulfill their tax liabilities. One such provision is IRS Tax Installment Agreement, a monthly payment plan to help you pay off your tax liability in easy monthly installments. Continuing on the subject, in this blog post, we answer five commonly asked questions about IRS Tax Installment Agreement. Read on. 1. What are the types of Installment Agreement? There

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All You Need to Know about Innocent Spouse Tax Relief

All You Need to Know about Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

Although filing a joint return has its tax advantages, it has certain downsides too. When you submit a joint return along with your spouse, you are jointly and equally responsible for all the tax liabilities on tax return and penalties. This implies that if you don’t have any income or are unaware of the filed return details, you are still equally liable for tax payment. Based on your situation, you may be eligible for Innocent Spouse Tax Relief, that can provide you an exception to the general rule of joint liability. If you believe you may qualify and need a

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