All You Need to Know About Tax Audits

Posted by The Law Offices of Nick Nemeth on May 10, 2021

The simple mention of an IRS investigation or audit can disturb even the most honest taxpayers. Even if you have done your best to get your taxes right, you may still find yourself facing an IRS audit. If you ever find yourself in such a situation, it is important to understand the process as well as know your rights, responsibilities, and what you need to do if you are accused of any wrongdoing. In this blog post, we discuss all you need to know about IRS audits. Read on. An Audit is Not an Accusation It is important to understand

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Common Consequences of IRS Debt

Posted by The Law Offices of Nick Nemeth on May 5, 2021

It may feel tempting to ignore tax debts but the IRS can eventually force you to pay using various tools such as liens, levies, and wage garnishments. Ignoring your tax debts can lead to serious consequences. The good news is that with professional IRS debt help, you can apply for IRS debt relief options such as a simple extension of the time you have to pay or entering into a monthly payment plan. In this blog post, we will discuss some common yet serious consequences of ignoring IRS debt. Suspended Tax Refunds This is the first action taken by the

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A Look at the New 2021 Income Tax Brackets

Posted by The Law Offices of Nick Nemeth on April 20, 2021

The 2021 tax season is here and now is the time you start planning your taxes. For Texas residents, the filing deadline for your 2020 federal tax return is now Tuesday June 15, 2021. You should plan your taxes in advance to avoid the rush during the last days and prevent potentially costly mistakes. It also remains important to stay updated about any changes to the tax code or tax guidelines, so that you do not attract unwanted attention from the IRS. A progressive tax bracket means that you pay a set tax rate for a specific range of income.

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5 Ways to Handle Unpaid Payroll Taxes

Posted by The Law Offices of Nick Nemeth on April 16, 2021

Back payroll taxes to the IRS can land you and your business in some huge problems. The IRS considers unpaid payroll taxes serious business and ignoring them can put you and your business in great jeopardy. The government agency will take every action possible to recover the outstanding amount including taking legal action against you and your business. The result can be imprisonment, hefty fines, and, in the worst case scenario, you can lose your business entirely. To avoid such a situation, you need to address unpaid payroll taxes immediately. Here are several ways you can successfully handle unpaid payroll

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What You Need to Know about the 2021 Tax Season

Posted by The Law Offices of Nick Nemeth on April 12, 2021

Given that the world has taken a massive hit from the coronavirus, a lot has changed for the 2021 tax season. As always, it remains important to keep abreast with any changes to the tax code or filing guidelines so as not to fall aowl of the IRS. The tax day this year is Tuesday June 15, 2021, and it is recommended that you file your 2020 tax return by then. An IRS tax attorney can help you with all your filing requirements including things such as IRS installment agreement. Let’s have a look at everything you need to know

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Understanding the Impact of Biden’s Stimulus Proposals on Tax Credits for Families

Posted by The Law Offices of Nick Nemeth on April 7, 2021

According to a report by The Washington Post, President Biden’s $1.9 trillion economic relief package provides approximately $3,000 per child to American families. Under the proposal, the IRS will provide for a credit of $3,600 per child under the age of six and $3,000 per child between the ages six to 17 over a year. The proposal increases the annual income of average Americans to more than $75,000, and for couples with joint income to more than $150,000. This will not only provide immense cash benefits to American families, but also help them cope with IRS problems by giving them

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A Look at Penalty Relief Due to Reasonable Cause

Posted by The Law Offices of Nick Nemeth on March 30, 2021

Sometimes the IRS sends penalty notices to taxpayers who fail to honor their tax obligations. Notices generally contain information relating to IRS penalties and interests, the amount of IRS penalty interest, and the amount of tax owed. Affected taxpayers can request IRS penalty abatement on the basis of a reasonable cause that is based on all the circumstances and facts around their situation. The IRS will consider abatement of penalties and interests for any reason that establishes that a taxpayer used all ordinary business prudence to meet their federal tax obligations but was unable to do so. Continuing on the

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All You Need to Know about Requesting an IRS Appeal

Posted by The Law Offices of Nick Nemeth on March 22, 2021

There are many instances where taxpayers may feel the need to request an IRS appeal to resolve any tax disputes with the IRS. The IRS may include wrong facts on a notice, deny an offer in compromise request, or take inappropriate collection action against a taxpayer. Whatever the reason, if a taxpayer disagrees with the decision, they can reach out to the IRS office of appeals by filing a written protest and mailing it to the address mentioned on the notice explaining their appeal rights. Before contacting the IRS office of appeals, a taxpayer can boost chances of getting a

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Answering Top 5 Frequently Asked Questions about Unfiled Tax Returns

Posted by The Law Offices of Nick Nemeth on March 15, 2021

Taxpayers are required by law to file their tax return for the year in which there is a filing requirement. Most taxpayers file their tax returns on time voluntarily but there are times when some fail to file their returns or pay their taxes. There can be many reasons for not-filing taxes but unfortunately, not filing can create serious problems for taxpayers. Failing to file your tax returns can be costly in terms of potential penalties and missing out on any refunds. Let’s look at answers to 5 commonly asked questions about unfiled tax returns. What happens if I ignore

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Understanding how the IRS Initiates Criminal Investigations

Posted by The Law Offices of Nick Nemeth on March 9, 2021

The Criminal Investigation Division of the Internal Revenue Service conducts criminal investigations on taxpayers if they commit tax evasion or allegedly violate the Bank Secrecy Act, the Internal Revenue Code, and various money laundering statutes. If a taxpayer has committed tax evasion, the IRS can prosecute within six years, but if they have committed tax fraud, the IRS has unlimited time to prosecute the case. Continuing on the topic, in this blog post, we take a closer look at how the IRS initiates criminal investigations. Read on! IRS Special Agents Criminal investigations are initiated from information obtained from IRS revenue

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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!