Category: Blog

The Right to Finality: What Taxpayers Facing IRS Problems Must Know

The truth about IRS tax problems

Taxpayers interacting with the IRS about their tax issues, especially those who are being audited by the IRS, have the right to finality. The government makes sure that taxpayers know about their rights so that they can negotiate about IRS problems accordingly and avoid any misunderstandings. Continuing further on the topic, let’s look at what taxpayers facing IRS problems must know about the Right to Finality. Read on! The Taxpayer Bill of Rights The Taxpayer Bill of Rights, or TBOR, is a document consisting of ten fundamental rights every taxpayer should know when dealing with IRS tax issues. The Internal

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5 Lesser-Known Factors that Can Trigger an IRS Tax Audit

How to handle IRS tax audit

In 2017, the IRS selected over a million returns from 140 million taxpayers for a tax audit. Those chosen are for people who either made a mistake while filing their returns or did something else that triggered an IRS tax investigation or audit. Although the number of audits have since decreased, the government continues to pick some tax returns every year for additional review and scrutiny through computer algorithms. In this blog post, we discuss five lesser-known factors that can trigger an IRS tax audit. Read on! 1. When Taxpayers Fail to Report all Income According to tax law, individuals

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The IRS has Imposed a Tax Lien on my Property: What Should I do?

Understanding a tax lien

The IRS files almost one million tax liens every year. A tax lien is a document filed at the local county recorder’s office to help secure debt taxpayers owe to the IRS. When individuals fail to pay their taxes, the IRS can impose a tax lien on their assets and property which gives it the authority to seize and sell, making it difficult for the taxpayer to sell or refinance it. That is why it is important to settle the IRS problem immediately by seeking tax lien assistance from an experienced attorney. In this blog post, we discuss three things

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5 Possible Consequences of Unfiled Tax Returns

Need to know about unfiled tax returns

According to Forbes, about five percent of the population in the United States of America fail to file their tax return. Late or unfiled tax returns constitute a serious issue that can come back to haunt taxpayers and hit them with heavy interest and penalties. Whether you are entitled to a tax refund or owe the IRS, you must consult an experienced tax attorney who can help you in filing unfiled tax returns and save you from punitive measures. Let’s look at five possible consequences of unfiled tax returns. 1. You may Have to Pay Penalties The IRS can impose

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Answering Commonly Asked Questions About IRS Tax Debt Relief

Need to know about IRS Tax Debt Relief

Tax debt is a serious problem faced by millions of hardworking taxpayers in the US every year. It makes people lose their property, file for bankruptcy, and has led to many serious heartaches and headaches. If you are struggling to pay the money you owe the IRS, don’t panic. There are a few tax debt relief options that can help you settle your tax debt. Continuing on the subject, in this blog post, we answer some of the commonly asked questions about IRS tax debt relief. What is tax debt relief? Tax debt relief is a provision put forward by

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Understanding a Tax Lien and How to get it Removed

Things to know about Tax Lien

A lien, by definition, is a hold on property imposed by the government in a scenario of accumulated back taxes by a taxpayer. A lien is designed to protect the interest of the government as well as forewarn the creditor that the IRS has a legal right to their property. Apart from personal property, a tax lien is applicable to real estate, vehicles, and financial assets. If a federal tax lien isn’t taken care of by the taxpayer, the government may impose a tax levy which is the actual seizing of property, assets, and bank accounts to cover the taxes

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Understanding the Types of Penalty Relief Offered by the IRS

Types of penalty relief

A vast majority of taxpayers in the US end up paying hefty IRS penalties, because of lack of knowledge and understanding about penalty relief options offered by the IRS. The IRS uses penalties to discourage people from committing any sort of tax evasion, but also offers abatement of penalties and interest to those who try their best to comply with the law but somehow fail to meet tax obligations due to circumstances beyond their control. If you are dealing with tax penalties, in this blog post, we discuss the penalties that are eligible for relief and the types of relief

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What Employers Should Know About Wage Garnishment?

All You Need To Know About Wage Garnishment

As per the latest study by the ADP Research Institute, the IRS garnishes wages of around seven percent of workers in America every year. There are many types of debts such as unpaid federal or state taxes, overpaid unemployment benefits or social security, alimony, credit card debt, child support, and personal bankruptcy which can result in wage garnishment. A garnishment order from the IRS is time-sensitive and may impose an extensive compliance burden on employers, making it critical to hire a lawyer who can help them take adequate steps to comply with garnishment orders. Continuing further, let’s discuss everything employers

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A Look at Some of the Most Serious IRS Problems Faced by Taxpayers

How to Set Up a Payment Plan with IRS

Every year, the annual report of the National Taxpayer Advocate to Congress identifies at least 20 serious IRS tax problems faced by taxpayers. Some of the issues significantly affect the way taxpayers pay taxes and receive refunds, even if they do not involve disputes with Uncle Sam. As the voice of taxpayers, the National Taxpayer Advocate sends an annual report to the IRS with the aim to elevate these IRS issues and recommend permanent solutions. Continuing further, in this blog post, we look at four of the most serious IRS problems faced by taxpayers. Read on! 1. Tax Law Questions

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Does a Payment Plan Stop Penalties and Interest?

Does a Payment Plan Stop Penalties and Interest

Taxpayers should pay their taxes as soon as possible to stop accumulating penalties and interest and reduce chances of being the subject of an IRS tax investigation. In case you can’t pay your taxes, you should consider entering into an installment agreement. You can also get relief from late tax penalties if you tried to comply with the legal requirements but failed to meet your tax obligations due to unfortunate and uncontrollable circumstances. There are instances when taxpayers receive a notice from the IRS with incorrect information. In such circumstances, they should talk to a tax resolution attorney and try

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