Nick Nemeth founded the tax law firm The Law Office of Nick Nemeth PLLC, a firm located in Dallas, and he helps readers with information and key facts about the IRS that taxpayers need to know.
Dallas, TX – May 9, 2014,– Nick Nemeth, the founder and managing partner of the highly respected Dallas tax law firm The Law Offices of Nick Nemeth, has added a new article to his online portal and website that discusses resolving IRS tax disputes and controversies. The article, “IRS Tax Controversy: Five Facts to Help You Avoid IRS Trouble”, gives taxpayers important information and facts about handling, or better yet avoiding, a dispute over taxes with the IRS.
As the author and an experienced IRS tax lawyer Nick Nemeth writes “Few things terrify grown adults, but an IRS controversy can do just this. This is a government agency which is very powerful and which does not forgive or forget. Internal Revenue Service agents can do many things, including property seizures, account suspensions and garnishments, involuntary payroll garnishments and deductions, and even jail or prison time. Taxpayers have lost homes, vehicles, and even life savings just because they could not settle a debt that they owed to this agency. We can help people, and company owners, resolve issues quickly and effectively.”
It is better to avoid a dispute over your taxes with the IRS, and this is easier than dealing with an IRS controversy after it has started. Some facts that can help taxpayers avoid an IRS tax dispute include:
1. Pay careful attention to any deductions and expenses that are claimed on your tax return, especially if these are larger than what is typical for your income level. Excessive deductions, business losses, and other factors can cause a red flag at the IRS, ad then your tax return will be scrutinized further. You should always claim any legitimate expenses and deductions, but make sure that you have documentation and supporting records in this situation.
2. Taxpayers can file their annual tax return late if they file for an extension, but any tax bill is still owed and needs to be paid on time. If you pay late then you face added penalties, extra interest charges, and other IRS penalties. A extension does not allow you to delay paying any tax owed, it only extends the deadline for filing the return. If you file the necessary forms for an extension you still have to pay the taxes that you owe for the year on April 15 in order to avoid any penalties and interest. Since the penalties and interest can add up quickly you want to avoid them if at all possible.
3. If you receive a notice from the IRS showing that there is a tax dispute or controversy the first thing you should do is consult with a qualified tax attorney who has experience dealing with this feared agency. Often a taxpayer makes the situation even worse, ignoring the matter or trying to comply by sending much more than what was requested by the IRS. Both of these mistakes can cost you in the end, and the right IRS lawyer can protect your rights and help you avoid any costly mistakes while you are working towards a resolution. Do not try to take on the IRS until you have legal representation.
The Law Office of Nick Nemeth has helped hundreds of individuals and business owners in Dallas and the surrounding metroplex area overcome IRS controversies and move forward with their lives.
To find out more about the legal firm click: https://www.myirsteam.com
About Nick Nemeth:
Nick Nemeth has been a successful author and extensively qualified tax lawyer for almost 20 years, and he works hard to ensure that every client he represents gets the best outcome possible. Tax issues can be very distracting, taking over the life of a taxpayer and affecting every aspect. Nick has built a solid reputation for defending taxpayers in the community against the IRS.