When you have an issue that is grave enough to take your bank account, your paycheck and even your liquid assets, you know there is no room for procrastination. If you have found yourself at odds with the IRS, you need an expert to guide the way out. That’s when we come into the picture. The Law Offices of Nick Nemeth, aims to help individuals and businesses in Dallas, Fort Worth TX and nearby areas with all type of tax debt problems, no matter how complex.
Common IRS Issues We Can Help With
Unfiled Tax Returns
The IRS can come down heavily on taxpayers for delinquent tax filings, even if it’s the first instance and unintentional. We help individuals and businesses living in Dallas, Fort Worth TX and nearby areas find out which tax returns the IRS needs when it prepares missing tax returns for taxpayers. Learn more
IRS Tax Investigations
Our experienced tax attorneys help you get access to your tax records without raising a red flag with the IRS. Our tax lawyers also help you understand the contents of your tax report and determine the time period for which the IRS may come after you for unpaid taxes. Read more
If you have received a final notice of intent to levy do not waste any time in getting in touch with our office and make an appointment. That’s because the issue is time sensitive. The sooner you get into action the better it will be for your appeal. Read more
Payroll Tax Problems
If a business fails to file payroll taxes, the IRS is authorized to sell its assets, or impose the “Trust Fund Recovery” penalty on those who were responsible for withholding the taxes but failed to do so. Our seasoned tax attorneys, can help resolve all such issues. Read more.
IRS Tax Lien
The IRS can issue a federal lien against taxpayers for unpaid taxes, gaining the right to their property, including real estate, financial estates, and vehicles. The only way to get rid of a tax lien is work with a professional tax lawyer and get help with lien discharge and subordination. Read More
Revenue Officer Investigation
When a revenue officer calls or visits you for an IRS tax related issue it means something is seriously wrong. Do not procrastinate as it may worsen your stand. Contact The Law Offices of Nick Nemeth to get an expert tax attorney for negotiating a resolution. Read More
Bank Levies, Wage Levies or Garnishments
A levy is one of the most effective tools the IRS can use to collect outstanding taxes. Different types of levies have different repercussions. Bank levies, for instance, allows the IRS to freeze bank accounts. In the case of wage levies or garnishments, the IRS notifies the employers to withhold a part of the taxpayer’s salary to pay for their outstanding taxes. Read More
Let Us Own Your IRS Problems
Whether living in Dallas, Fort Worth TX or nearby areas, If you have unpaid taxes, bank levies, wage levies, or any other IRS tax problem that is making you lose your sleep, do not prolong the agony. Let us help you devise a plan to bring back your peace of mind. To learn more about how we can help, get in touch with The Law Offices of Nick Nemeth for a FREE no-obligation consultation. You can reach us at (972) 426-2553. Alternatively, fill out the Free Case Evaluation Form and we’ll get back to you, shortly.
Our Practice Areas
Frequently Asked Questions About IRS Tax Problems
IRS tax problems demand immediate action to stop them from getting worse. The best way to get IRS tax problems resolution is to engage with the government agency rather than avoid it. You need to consult an experienced tax lawyer to get the best IRS tax problems help.
The backlog of paper returns and returns stopped for errors in 2021 stood at about 10.5 million. Towards the end of 2022, the backlog was even higher at about 12.4 million, which still means refund delays for millions of taxpayers.
Trouble with the IRS comes automatically when you fail to file or pay your taxes, if you are required to do so. The IRS will also send you Notices about different tax-related issues, which can also be a sign of trouble, depending on the subject of the communication.
The IRS generally takes up to 16 weeks to process amended returns, sometimes a little longer. If you have made a mistake on your return, you must file using the Form 1040-X, Amended U.S. Individual Income Tax Return, to correct the mistake. Generally, you must file an amended return within three years (including extensions) after the original filing or within two years after paying the tax, whichever is later.
An IRS Criminal Investigation can be triggered when a revenue agent (auditor), revenue officer (collection) or investigative analyst detects possible fraud. It can also be triggered from information submitted by the public or acquired from ongoing investigations by different law enforcement agencies or Attorneys General offices.
If your tax return status shows “Still Being Processed”, this may mean that it is on hold until the IRS resolves specific issues. This may entail correcting certain issues and/or acquiring additional information from you.
When your return has been ‘accepted’, it means it is now in the government’s hands after passing the initial screening, which covers some basic checks. “Not Approved” means that the IRS has not approved the release of funds for one reason or the other.
No. Still being processed means the processing is delayed. This may require additional information from you, although the IRS usually completes the process without asking for any additional documents.
If the IRS intends to audit, or “examine” your tax return, you will receive written notification. The written notification is sent to a taxpayer’s or business’s last known address of record. The IRS can also send the correspondence to your tax preparer.
The status means the IRS is processing your tax return. You will get to know your personalized refund date as soon as the IRS completes processing your return and approves your refund. Most refunds are issued in less than 21 days, and the IRS is required to pay interest on your refund if you don’t get it within 45 days.
There are many red flags for the IRS, but the top 4 are:
- Not reporting all of your income.
- Earning more than $200,000.
- Blurring the lines on business expenses.
- Breaking the rules on foreign accounts.
In the period from 2010 to 2021, the majority of audits have targeted taxpayers with incomes below $200,000.
Most Americans dread being audited by the IRS. The truth of the matter is that most audits are actually not a big deal.
The IRS is battling a backlog of millions in taxpayer mail. The government agency recently warned taxpayers about its phone lines being jammed for the foreseeable future. This means you have to wait for it to get to your mail and if there are any issues with your return, you will be contacted via mail for clarification.
Failure to file taxes for 10 years or more can result in steep penalties and even a prison term. While there is generally a 10-year time limit on collecting taxes, penalties, and interest for each unfiled tax year, the period of limitations on collections is only activated once the IRS completes a deficiency assessment.
If you have an IRS tax problem, the best advice is to get it resolved as soon as possible. If you are unable to do so on your own, you need to seek IRS problem help. This can be done by contacting the Taxpayer Advocate Service (TAS), or better, getting help from an experienced IRS tax attorney.
Yes, you need professional tax help to deal with back taxes, especially if you are not in a position to pay what you owe. An experienced IRS tax lawyer will analyze your case and help you apply for the most suitable IRS tax relief option.
There are several ways to reduce your tax liability. These include:
- Reducing the amount of your gross income that is subject to taxes.
- Increasing your retirement contributions.
- Putting pre-tax dollars into an employer-sponsored retirement plan like a 401(k)
- Selling an investment that has lost values to offset other income
- Donating to charity and itemizing your deductions.