Category: Blog

How to Approach the IRS Office Of Appeals

How to file an appeal with IRS?

As taxpayers, we all look for ways to save on our IRS tax burden through investments, rebates, and concessions. Despite all such measures, as law-abiding citizens, we need to pay what’s due. The issue arises when the figure you have arrived at doesn’t match the claim of the IRS. That’s when the IRS Office of Appeals steps in. Contrary to common misconception, getting a discrepancy resolved through the IRS Office of Appeals isn’t a tedious legal rigmarole. The Office of Appeals is an independent body that helps taxpayers resolve any unfair seizure of assets or any tax disputes fairly without

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Small Business Tips To Handle Tax Liens

Tips to handle tax liens

As a small business owner, there are a lot of responsibilities you need to handle on the daily. Among your many duties, filing and paying your taxes every year is one of the most important ones. Failing to meet your taxing obligations with the IRS will eventually lead to penalties and sanctions one of which is the dreaded tax lien. If, despite your best efforts, you’ve made a mistake and received bad news from the IRS, don’t despair. By getting informed and soliciting professional tax lien assistance, you can navigate your way out of tax problems such as a tax

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What Happens If You Fail To Pay Your Taxes?

What if you can’t pay your taxes?

One of the most dreaded questions on most taxpayers’ minds is “what happens if I fail to pay my taxes?” While there is no single, definitive answer to the question, to say the least, the road ahead is usually not pleasant, unless you take concrete steps to settle the issue. The good news is, there is always a way out, provided you have the guidance of an experienced IRS tax attorney such as Nick Nemeth. While you can always count on the team at the Law Offices of Nick Nemeth to provide you with comprehensive IRS tax help such as

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What You Need To Know About an IRS Tax Levy

Understanding about IRS Tax Levy

If you owe money to the IRS, a tax levy is one of the main tax problems you could face. To best deal with this and other IRS tax problems, knowledge is gold. The first step we suggest taking is learning everything about tax levies. This will enable you to move forward with the best resolution for your IRS tax problems. In this blog, we delve into everything you need to know about IRS tax levies, including how they can affect you. What is a tax levy? Tax levies are one of the most undesirable IRS tax problems any taxpayer

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How Far Back Should I Worry About Unfiled Tax Returns?

Tips for filing your unfiled tax returns successfully

There are certain legal responsibilities every US citizen has to comply with every coming year. Filing and paying federal taxes is one that is a constant cause of stress for many. The more you put off filing and paying your taxes, the greater the risk of facing consequences that are enforced by the IRS. Unfiled tax returns can really disrupt your peace and result in financial hardships. In this blog, we explore how far back you ought to worry about unfiled taxes. 1. How safe am I from the IRS? Some defaulting taxpayers find themselves basking in a false sense

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Understanding Abatement of Penalties and Interest with the IRS

Understanding Abatement of Penalties and Interest

If you are behind on your IRS tax payments, it is important to be mindful of IRS penalties and interest charges. The longer your debt remains unpaid, the more penalties and interest can accumulate. If neglected for a long enough time, IRS penalties and interest can become a serious issue. In fact, IRS penalties can rise up to 25% of your debt and quickly make your debt balloon. Fortunately, there are IRS penalty abatement options available to select candidates. Wondering if you could be one of them? Read on to find out! IRS Penalty Abatement Are you looking to find

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All You Need To Know About IRS Debt Relief

Understanding IRS Debt Relief

Debt is probably one of the most common concerns for most people today. Owing a significant amount of money to a bank or any other lender can be very stressful. However, most will agree that dealing with federal tax debt is the worst. The federal government takes your tax-paying duties seriously and has full power to collect on its debt. This means that tax debt collection is not only certain but also involves serious consequences. Defaulting taxpayers are frequently penalized with fines, interest, levies, liens, and even asset seizure. For most, facing such consequences are far more daunting as compared

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What You Need To Know About The IRS Fresh Start Initiative

Understanding The IRS Fresh Start Initiative

It helps to be well acquainted with the different helpful programs offered by the IRS to taxpayers who owe taxes or have unfiled returns. One program you might be interested to learn more about is the IRS Fresh Start Initiative. If you have unfiled tax returns, you can find a program from this initiative to provide you with a beneficial alternative to settle your tax problems. Here is a closer look at the Fresh Start Initiative. What is The Fresh Start Initiative? Despite having a bad reputation in some circles, the IRS is actively working at introducing changes that make

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How To Get Rid Of An IRS Tax Lien

How to Remove An IRS Tax Lien

If you haven’t been keeping on top of your tax debt, facing a tax lien is a real possibility. Through a tax lien, the government can legally claim any of your financial assets. This includes all real estate and personal property. Surrendering your legal claim over the assets you worked hard to acquire to the IRS is scary and frustrating. The best thing you can do to keep yourself stress-free is to avoid getting an IRS tax lien altogether. Doing so is simple. By filing your tax returns on time and paying your taxes accordingly you’ll steer free of trouble.

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Understanding the Types of IRS Tax Installment Agreement

Types of IRS Tax Installment Agreement

Are you feeling overwhelmed by your tax debt? What can you do if paying your tax debt quickly is simply not an option? For your fortune, the IRS allows taxpayers to pay off tax debt through an IRS installment agreement. Find out more about each type of IRS payment agreement. This way you can figure out which one is a good option for you! The 4 Types Of IRS Installment Agreements The IRS offers taxpayers four different types of payment agreements. These include: guaranteed, streamlined, partial payment and non-streamlined agreements. Let’s explore what each one of these entails. Related Blog:

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