Category: Blog

A Step by Step Guide to Set Up an IRS Installment Plan

How to Set Up a Payment Plan with IRS

There are times in life, when we find ourselves in a situation that may keep us from honoring our tax obligations. While there is no excuse for carelessness or deliberate avoidance; the IRS has various provisions for those who have a “reasonable cause” preventing them from paying their dues. IRS payment agreement is one such provision, under which you can pay your taxes in periodic installments. In such cases, it is important to have an IRS tax attorney on your side, who can help navigate the complex maze of the IRS taxation system and law. An IRS tax attorney can

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4 Ways a Tax Lien Can Affect You

What you should know about tax liens

The government’s claim against the property of a taxpayer when they fail to meet their tax obligations is known as a Federal tax lien. The lien protects the government’s interest in the property, including personal assets, real estate, and financial assets. It gets activated when the IRS assesses its books and discovers that you have defaulted on your tax debt. The next step is issuing a “Notice of Federal Tax Lien” to apprise creditors that the government has acquired a legal right over your property. You don’t need to panic if you find yourself in such a situation as a

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Tax Lien vs. Tax Levy: Differences & What to Expect

Difference between Tax Lien vs. Tax Levy

A tax lien and a tax levy are two notable collection actions by the IRS against individuals with substantial tax debt. While a tax lien is the IRS officially exercising certain rights over your property as a result of unpaid taxes, a tax levy is the actual seizure of your property. Understanding both tax lien and levy, as well as their differences, puts you in a better position to protect your assets. Tax attorneys are best to help you resolve all types of tax issues. Continuing on the subject, we present a brief overview of a tax lien and tax

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5 Common FAQs About IRS Office Of Appeals

5 Common IRS Frequently Asked Questions with Dallas Tax Attorney

In the view of many taxpayers, the IRS is like some kind of “big bad wolf”. This fear of the IRS usually results from a general lack of information on the government agency and how it operates. One of the areas that confuse most taxpayers is that of IRS appeals. For this reason, we are going to answer 5 of the most common questions people have about the IRS and the IRS office of appeals. Question #1 Can you receive a tax refund if you’re currently making payments under an installment agreement or payment plan for another federal tax period?

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Instances When Your Tax Return Can Trigger a Closer Look From The IRS

A closer look at IRS

The lower number of IRS audits and the agency’s shrinking staff leads many to believe that the risk of getting audited has diminished. Yet, as your Dallas-Fort Worth tax attorney can tell you, this couldn’t be further from the truth. Through automated processes, the IRS continues to keep close tabs on your tax returns. Any suspicious data can be enough to motivate the IRS to make inquiries, which can eventually lead to an audit. If you want to make sure your tax return is filed without any questions asked, read on! In this blog post, we’ll share the most common

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A Guide to Dealing with Back Taxes

Whenever you don’t pay your taxes, back taxes accumulate. Essentially back taxes are any previous taxes that haven’t been paid in time. As time passes, penalties and interest also pile on, making the overall debt grow significantly. Thankfully, those struggling with growing back tax debts have many ways to regain control over the situation. Alternatives such as the IRS Offer in Compromise, installment agreements, and penalty abatement can be great solutions depending on the specifics of your case. In today’s post, we explore each back tax resolution option to help you select the best one. Solutions for Back Taxes No

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Your Rights When Wages Are Garnished

Understanding Wage Garnishment in Texas

It is possible to lose your wages to your creditor, depending on the situation, through wage garnishment. Wage garnishment is when your employer withholds a portion of your wage in order to pay off your debt. Owing back taxes to the IRS is one of the reasons why your wages can be put at risk. However, even if your IRS problems result in wage garnishment, there are certain limits that must be respected. A wage garnishment lawyer is best placed to help you protect your rights when facing wage garnishment in Texas or any other place. IRS Wage Garnishment When

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All You Need To Know About The Innocent Spouse Tax Provision

Need to know about innocent spouse relief

If you and your spouse file joint tax returns, you are both equally liable for your taxes. In other words, the IRS can collect payment from both of you. Even if you are currently no longer married, your responsibility for any tax liability doesn’t change. However, there are certain situations under which you can get IRS debt help through innocent spouse relief. If you are wondering whether this is a possible solution for you, read the blog post below! Related Blog: Get Rid of a Tax Lien from Your Credit Report and Property What Is Innocent Spouse Tax Relief? If

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IRS Debt Relief: Do’s and Don’ts

Do's and Don'ts of IRS Debt Relief

Have standing debt with the IRS and finding it difficult to pay it off? When dealing with serious IRS debt, you must consider settlement as it is a simple way to get out of the sticky situation. Negotiating to pay less than what you owe provides quick IRS debt relief for many taxpayers. The big question is whether or not debt settlement is really the best IRS debt relief avenue. The advice shared in this blog will help you know how to best work through your IRS debt problems. Do’s And Don’ts of IRS Debt Relief Do Consider The Impact

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5 Mistakes To Avoid While Filing Unfiled Tax Returns

Understanding What To Do With Unfiled Tax Returns

Making mistakes when filing unfiled tax returns isn’t something to avoid at all costs. Erroneous tax returns have real consequences. A simple mistake can lead to a higher amount of outstanding taxes or penalties and interest. Some mistakes in unfiled tax returns can even keep you from receiving a full tax refund. In some cases, inaccuracies in your return will motivate the IRS to carry out an audit. Here are 5 mistakes to avoid when filing unfiled tax returns. Mistakes to Avoid Carefully filing your unfiled tax returns is the best way to prevent problems with the IRS. Getting professional

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