A Guide to Filing Unfiled Tax Returns

Posted by The Law Offices of Nick Nemeth on May 30, 2023

There are certain legal responsibilities every US citizen has to comply with every coming year. Filing and paying federal taxes is one that is a constant cause of stress for many. 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 indicated government losses of up to $28 billion per year as a result of non-filing. The more you put off filing and paying your taxes, the greater the risk of facing consequences that are enforced

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FILING IRS INNOCENT SPOUSE TAX RELIEF AND UNDERSTANDING THE DIFFERENCE BETWEEN INNOCENT AND INJURED SPOUSE RELIEF

Posted by The Law Offices of Nick Nemeth on May 3, 2023

Innocent Spouse Tax Relief with The Law Offices of Nick Nemeth

Innocent and injured spouse tax relief are two different avenues that can be pursued by couples filing joint tax returns if one party faces tax consequences due to the actions of their partner. Although the two scenarios are fairly different, they are both meant to release the innocent spouse from income tax liabilities that arise from joint tax filing. Before you request the IRS to consider you for innocent spouse relief or injured spouse relief, it is imperative to understand the differences between the two. In this blog, we will first have a look at the difference between innocent and

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NEED HELP WITH IRS TAX APPEALS? HERE IS WHAT YOU NEED TO KNOW

Posted by The Law Offices of Nick Nemeth on April 28, 2023

Discrepancies involved in tax collection, proposed tax assessments, or other IRS actions can increase a taxpayer’s grievances. Once you receive a final notice from the IRS, you may seek tax dispute resolution through legal intervention. Filing appeals is a preferable, yet less formal approach than other court proceedings, but is independent of judicial mandates of evidence or procedure. In the past, appeals have helped settle a significant number of cases. Let us take a closer look at the various aspects of Appeals, and how you can benefit from the process. What is an appeal? Created in 1927, the Internal Revenue

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IRS OFFER IN COMPROMISE: A RAY OF HOPE FOR TAX DEFAULTERS

Posted by The Law Offices of Nick Nemeth on April 26, 2023

Failure to meet your annual tax obligation is an invitation to severe financial and legal consequences. The IRS can impose legal penalties, delay reimbursement, and in worst-cases, seize your possessions and put you behind bars. There is no escape from filing and paying your taxes, but the IRS provides a few avenues to help those who are unable to make payments due to financial difficulties. Offer in Compromise “OIC”, is an agreement between the IRS and a taxpayer that allows the taxpayer to settle their tax liabilities for an amount less than the actual unpaid amount. It is, however, worth

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What you Need to Know About IRS Audits

Posted by The Law Offices of Nick Nemeth on April 24, 2023

Being the subject of an IRS audit is one of the worst IRS tax problems you can have as a taxpayer. If a taxpayer faces an IRS tax investigation, the Internal Review System (IRS) will examine their financial info and accounts to check for discrepancies and inaccuracies. There is no hard and fast criteria when it comes to selecting taxpayers for an audit. In fact, the entire procedure represents a random selection process, in which the agency’s computer system is employed to flag returns that deviate from the norm. One way to properly defend yourself during an audit and safeguard

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Answering Frequently Asked Questions About IRS Tax Levies And IRS Bank Levies

Posted by The Law Offices of Nick Nemeth on April 12, 2023

If you owe money to the IRS, a tax levy is one of the main tax problems you could face. There are many different types of IRS tax levies, including wage levies and bank levies. A Bank levy is the IRS’s right to collect the amount owed by a taxpayer. Under the provision, the IRS freezes the funds available in the defaulter’s bank account. Even though a bank levy is one of the most extreme tactics used by the IRS to collect outstanding payments; the good news is, taxpayers have ways to avoid the situation. To best deal with this

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WHAT TEXAS EMPLOYERS SHOULD KNOW ABOUT WAGE GARNISHMENT?

Posted by The Law Offices of Nick Nemeth on March 20, 2023

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 which can result in wage garnishments, such as unpaid federal or state taxes, overpaid unemployment benefits or social security, alimony, credit card debt, child support, and personal bankruptcy. A garnishment order from the IRS is time-sensitive and may impose an extensive compliance burden on employers, making it critical to hire a wage garnishment lawyer who can help them take adequate steps to comply with garnishment orders. Continuing further, let’s discuss

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What is a Tax Lien, and How Long Does it Last?

Posted by The Law Offices of Nick Nemeth on February 23, 2023

One of the key responsibilities of the Internal Revenue Service (IRS) is collecting taxes, for which it can activate different collection measures. When it comes to collecting taxes, a federal tax lien is one of the most powerful tools in the armory of the IRS. Given the intricacies involved in dealing with a federal tax lien, it is advisable to hire an experienced IRS tax attorney that provides tax lien assistance according to your case. Continuing on the topic, read on, as we discuss the ins and outs of an IRS tax lien. Overview A federal tax lien is issued

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Pros and Cons of IRS Installment Agreements

Posted by The Law Offices of Nick Nemeth on February 20, 2023

There are very few experiences as dreadful as owing the Internal Revenue Service (IRS) a large amount of money without the ability to pay anytime soon. Not all hope is lost, however, as there are multiple IRS debt help options available to taxpayers in such a scenario, including IRS Offers in Compromise and IRS Installment Agreement. It’s worth noting that you cannot opt for both the Installment Agreement and Offer in Compromise to settle your taxes. It is crucial to understand which IRS penalty abatement options best suits you. For that, you will need a Dallas tax attorney who can

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All You Need to Know about US Tax Courts

Posted by The Law Offices of Nick Nemeth on February 10, 2023

The United States Tax Court is a Federal trial court that is an independent judicial forum, neither controlled by nor connected with the Internal Revenue Service (IRS). It was created by Congress as an independent judicial authority for taxpayers disputing certain IRS determinations. If an Internal Revenue Service (IRS) audit reveals that your tax return was inaccurate, you may face certain penalties, such as extra interest charges, civil penalties, civil fraud penalties, and criminal fines, among others. You have the option of appealing to get some relief that the auditor may have imposed. However, circumstances may also arise where an

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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!