A Guide to Filing Unfiled Tax Returns

Posted by The Law Offices of Nick Nemeth on September 18, 2020

According to Forbes, about 7 million people in the USA fail to file their tax returns each year. The IRS, as a part of its National Research Program, released a study in 2011 that indicted government losses of up to $28 billion per year as a result of non-filing. These huge losses force the IRS to impose heavy penalties for unfiled tax returns. That is why it is advisable for every taxpayer to know how to navigate unfiled taxes. To help, let’s discuss everything you need to know about filing unfiled tax returns and the penalties for failing to do

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5 Types of IRS Installment Agreement to Pay Your Tax Debt

Posted by The Law Offices of Nick Nemeth on September 14, 2020

The IRS offers installment payment plans to taxpayers whose tax bill is too hefty for a single payment. Under this plan, taxpayers can spread their payments over several months to make the bill more manageable. If individuals don’t pay such installments on time, the IRS may seize their property, place liens against their assets, and even garnish their wages. After approving a payment plan, the IRS will charge the taxpayer some extra fees. Taxpayers who qualify for a short-term payment plan are not required to pay such a fee. Continuing on the subject, let’s look at five types of IRS

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Key Takeaways from the Latest IRS Updates in the Wake of COVID-19

Posted by The Law Offices of Nick Nemeth on September 8, 2020

Given the surge in Covid-19 cases, the IRS continues to remind tax professionals and taxpayers to use electronic options to speed the processing of tax returns, payments, and refunds. In compliance with the instructions of local health authorities around the country, certain IRS services, which include processing paper tax returns, live assistance on telephones, and responding to correspondence, continue to be extremely limited. While most departments are operating at a reduced capacity, you can always call your IRS tax attorney for help in critical issues or visit volunteer tax preparation sites like IRS.gov/coronavirus which have continued to guide taxpayers through

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Effect of the COVID-19 Pandemic on IRS Tax Problems

Posted by The Law Offices of Nick Nemeth on August 31, 2020

COVID-19 has caused significant operational bottlenecks in most organizations across the world, and the same has been true for the IRS as well. With 70 million taxpayers filing their returns for 2020 and about 70,000 employees working from home, the nation’s tax administration is in the middle of a perfect storm. Besides, the agency is handling the other important job of distributing stimulus payments with the passage of the CARES Act and other COVID-19 assistance laws. Taxpayers dealing with IRS problems can greatly benefit by reaching out to a trusted IRS tax attorney to better manage their tax problems. Continuing

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Lesser Knowns Facts about IRS Debt Relief

Posted by The Law Offices of Nick Nemeth on August 24, 2020

According to a survey conducted in 2013, Pew Research found that 51 percent of Americans have unfavorable views of the Internal Revenue Service as it ranked it at the bottom of the list in terms of public performances and perception. There are only a few who appreciate IRS debt relief and refund policies that help countless people to overcome their tax woes. Continuing on the topic, in this blog post, we discuss a few lesser-known facts about the IRS relating to debt relief that everyone should know. Read on. Tax Relief Options The IRS has many provisions for taxpayers to

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Here’s What You Need to Know Before Seeking Tax Lien Assistance

Posted by The Law Offices of Nick Nemeth on August 21, 2020

The IRS uses a tax lien to claim against the taxpayer’s property or assets if they fail to pay their taxes on time for a certain period. IRS tax liens can adversely impact the taxpayer’s credit history and create hindrances while securing any other credit in the future. Before establishing a tax lien, the government will file a public document: Notice of Federal Tax Lien, to warn taxpayers about the government’s legal right to their property. After receiving the notice, creditors should either pay their back debts immediately or seek tax lien assistance for opting one of the legal procedures

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COVID-19 Related Scams You Must Avoid

Posted by The Law Offices of Nick Nemeth on August 19, 2020

Tips to Identify and Avoid COVID-19 Scams

A recent report revealed that the IRS Criminal Investigation Division (CI) has witnessed a variety of Economic Impact Payment (EIP) scams and financial schemes decreeing to take advantage of many unsuspecting taxpayers. Scams related to COVID-19 aren’t just limited to stealing EIPs from taxpayers, they have extended to selling fake at-home test kits, cures, vaccines, pills, and advice on unproven treatments for COVID-19. To help you stay informed and steer you clear from such troubles, we discuss the three most common scams you should watch out for. Read on. Related Blog: Basic Guide to File Your Tax Returns 1. Scams

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All You Need To Know About Self-Employment Tax

Posted by The Law Offices of Nick Nemeth on August 11, 2020

The federal government, in 1935, passed the Federal Insurance Contribution Act (FICA), which established taxes to help fund Medicare and Social Security. The FICA tax is 15.3 percent, paid by employees and employers, who split the burden into half each by paying 7.65 percent. In 1954, the government passed a Self-Employed Contributions Act (SECA) to ensure that freelancers contribute towards Social Security and Medicare. The act established that these individuals would pay the whole 15.3 percent without any other party splitting the burden. This tax is known as the SECA or self-employment tax. Although this difference might seem significant, individuals

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Simple Financial Adjustments to Help You Get Through The COVID-19 Crisis

Posted by The Law Offices of Nick Nemeth on July 29, 2020

Deal with Your Finances During the COVID-19 Crisis

The COVID-19 crisis has seen everyone getting back to the basics. While the crisis continues to squeeze many in terms of finances, everyone has more than enough time on their hands to learn to DIY a variety of things as a way to save expenses and set-aside an emergency budget. The best way to survive the crisis and emerge unscathed is to invest more time into shoring up your finances. The Law Offices of Nick Nemeth stand ready to help you with IRS problems pertaining to issues such as IRS appeals and IRS tax investigations. Let’s look at some simple

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Answering Frequently Asked Questions about the Coronavirus Relief Law (CARES Act)

Posted by The Law Offices of Nick Nemeth on July 22, 2020

In light of the economic impact of the COVID-19 pandemic on individuals and businesses, the US government is offering monetary support through the recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act. The government is providing ‘Economic Impact Payments’ to American workers to support them through the current financial turbulence. Maximize your chances of receiving the stimulus payments by filing all unfiled tax returns and seeking help with any ongoing IRS tax problems. Continuing on the subject, in this blog post, we answer a few frequently asked questions about the Coronavirus Relief Law (CARES Act). Read on. Related Blog:

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Kristi Thompson

19:31 21 May 18

Making a call to Nick Nemeth was the best decision I ever made. After years of fighting the IRS myself and getting deeper and deeper into debt with interest adding up to more than I owed to start with I had to do something. Nick's office got the IRS to settle with me for 10% of what they said I owed. Although it took a little over a year it was worth it in the long run. Elizabeth is in my opinion one of the best employees that Nick has. She stayed in touch with me and explained everything every step of the way. I totally recommend them to help with IRS issues. Thank you again Kristi Thompson

Peter Demusz

11:38 29 Jun 18

Best choice possible. Great attorney. And the staff there are amazing. From the front desk to the back of the back office they are professional, knowledgeable, and compassionate.

Steve Foose

11:14 19 Jun 18

Sherry and I just wanted to say Thank You to everyone at the Law Offices of Nick Nemeth! From the very beginning the staff has always been very personable and of course professional. The payment terms up front were very helpful and the communication was always prompt. The most important item we want to make clear was the level of commitment and services provided on the firms part never dwindled from the beginning to the end, long, long after the payments were made by us. Also the prediction of the settlement was very close to what we were told from the very start. At one point the IRS claimed we owed almost $10,000,000 in taxes!!! Through the firms hard work and extensive experience our case has been settled and we will have paid $88,469 total. Thank you very much...Promises Made, Promises Kept, Steve and Sherry Foose May 29th, 2018

J Baker

03:11 08 Feb 18

We enjoyed working with Nick and his staff. They are very professional, courteous and timely. The main thing I appreciate about Nick is that he will tell you upfront whether or not he can help you. While our situation was unique to us--we were not able to get much relief from the IRS. However, Nick was able to help us manage our way through the extremely untimely, inefficient, and non-compassionate IRS. We are very thankful for Nick's help with this process. There is no way we would have been able to figure out the IRS process on our own. If you think you can do it on your own--good luck--but I would recommend giving Nick a call.

Jay Goodart

20:04 13 Jun 18

NIck and his team were very helpful in resolving an ongoing issue with the IRS. The team was great at keeping me current on all correspondence and brought a long outstanding issue to a quick and equitable close. Highly recommend them.

Robert Woodward

01:36 21 Sep 19

We owed the IRS a tax debt we could not even possibly begin to pay. We had tried dealing with the IRS directly and had talked with another attorney and had been given a dire picture of what would ensue, and were more confused and fearful than when we started. We walked into The Law Offices of Nick Nemeth full of fear and trepidation, not knowing what to expect. The front desk staff were relaxed and professional, and assured us that if anybody could help us, it would be Nick Nemeth. Nick walked into the conference room and was confident and friendly. After talking with us at length and reviewing our files, he told us that we qualified to obtain the rare and coveted Offer in Compromise, which would, if approved by the IRS, result in a one-time payment of a small fraction of our tax debt. We met with Brittney, our case manager, who clearly explained what we would need to do, and that we would be working with Brad and Elizabeth as well. All three were readily available to communicate with us via telephone or email and met with us in person as needed. They helped us complete all the necessary documentation for submission to the IRS, and were very reassuring during the long wait for the IRS to come to a decision. Much to our surprise and delight, our Offer in Compromise was accepted by the IRS, reducing our tax debt from well over $100,000 to just over $1,300! This would never have happened without the assistance and knowledge of Nick Nemeth, Elizabeth, Brittney, Brad, and the other staff of Nick’s law office. We would highly recommend retaining their services to anybody who feels overwhelmed and hopeless due to a huge tax debt. Don’t give up! Nick and his staff will not give up, and will fight the IRS for you to the end! The relief of having such a huge weight lifted off our shoulders was indescribably relieving. Christy and Bob Woodward

David Tracy

12:52 04 Jul 19

Nick and his staff were so helpful and informative. Although he could not assist me me at this time, he did refer me and his assistant Joanne was more than willing to help me find a to a CPA that he was was confident with and believed he could help solve the problem I am facing. The staff was friendly and eager to help in any way they could. Kudos to all the people at his office. Great people!

mike swope

16:49 17 May 19

Nick was not our first foray into this, the previous others had either just stolen our money or taken our money and closed their business without any refund, and we were left hanging. Not Nick Nick is the real deal, he has the knowledge both legal and practical to help you find a way back above the water. His team is rock solid and they answer your calls and email every time. Not only did Nick do what he said he would do, which is rare in today business world, he also helped us learn and grow so were better prepared for any future issues too. When I say trust I mean Trust Nick!

Stinson Bland

20:22 20 Mar 19

I spoke to Chase about hiring him to help me with my back taxes. He took his time to understand my situation and gave me honest feedback. He truly put my interest first and didn't try to sell me anything. He simply gave me a few options and told me what he thought made the most sense in my current situation. I highly recommend speaking to him if you have questions or concerns associated with the IRS and taxes.

Victor Arroyo

17:50 23 Jan 19

Nick, I am really glad we had a mutual friend who knew you. From the first consultation, which was real and genuine, to meeting everyone that was on my team, I really felt you all understood my situation. I was seven years behind on filing my taxes and all the sudden I get hit with a tax lien. That woke me up! I really felt Nick and his team understood and cared about my IRS problem. Brittney was phenomenal! Your process of time lines and check points made it challenging for me, however, it provided me an easy path and simplified it in a way that I could understand. Thank you for all your support. I am very thankful that when I shared my painful and embarrassing situation with my friend that he recommended you. I didn’t have to look over all town and waste my time and money with an organization that doesn’t have a face behind the name. I know I made the right decision. My recommendation to every one, HIRE THE EXPERTS!