5 Mistakes To Avoid While Filing Unfiled Tax Returns

Understanding What To Do With Unfiled Tax Returns

Making mistakes when filing unfiled tax returns isn’t something to avoid at all costs. Erroneous tax returns have real consequences. A simple mistake can lead to a higher amount of outstanding taxes or penalties and interest. Some mistakes in unfiled tax returns can even keep you from receiving a full tax refund. In some cases, inaccuracies in your return will motivate the IRS to carry out an audit. Here are 5 mistakes to avoid when filing unfiled tax returns. Mistakes to Avoid Carefully filing your unfiled tax returns is the best way to prevent problems with the IRS. Getting professional

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A Brief Guide To IRS Tax Investigations

Things you should know about IRS Tax Investigations

There are many reasons why the IRS might start a tax investigation. Anything from tax fraud to a simple mistake on your return can result in an audit. Depending on the findings, the situation may evolve into a criminal investigation. Many people don’t even realize they’re at fault pertaining to their taxes until they are informed about an ongoing IRS tax investigation. If you find yourself in such a situation, seeking help from a tax resolution attorney is key to pulling yourself out of the situation. The best way to approach an IRS tax investigation is with the help of

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Do I Qualify Under Reasonable Cause for Penalty Abatement?

Reasonable Cause for Penalty Abatement

Have you been hit with IRS penalties and interest? If your standing debt with the IRS has started to cause you trouble, it’s time to act. Especially if your debt is a result of what the IRS deems a reasonable cause. Seeking IRS penalty abatement and debt relief sooner, rather than later, will boost your chances of successfully finding a favorable resolution. Reasonable Cause IRS Penalty Abatement One of the common types of IRS penalty abatement is known as Reasonable Cause Abatement. This type of abatement of penalties and interest is granted only when you can prove to the IRS

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How to Approach the IRS Office Of Appeals

How to file an appeal with IRS?

As taxpayers, we all look for ways to save on our IRS tax burden through investments, rebates, and concessions. Despite all such measures, as law-abiding citizens, we need to pay what’s due. The issue arises when the figure you have arrived at doesn’t match the claim of the IRS. That’s when the IRS Office of Appeals steps in. Contrary to common misconception, getting a discrepancy resolved through the IRS Office of Appeals isn’t a tedious legal rigmarole. The Office of Appeals is an independent body that helps taxpayers resolve any unfair seizure of assets or any tax disputes fairly without

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Small Business Tips To Handle Tax Liens

Tips to handle tax liens

As a small business owner, there are a lot of responsibilities you need to handle on the daily. Among your many duties, filing and paying your taxes every year is one of the most important ones. Failing to meet your taxing obligations with the IRS will eventually lead to penalties and sanctions one of which is the dreaded tax lien. If, despite your best efforts, you’ve made a mistake and received bad news from the IRS, don’t despair. By getting informed and soliciting professional tax lien assistance, you can navigate your way out of tax problems such as a tax

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What Happens If You Fail To Pay Your Taxes?

What if you can’t pay your taxes?

One of the most dreaded questions on most taxpayers’ minds is “what happens if I fail to pay my taxes?” While there is no single, definitive answer to the question, to say the least, the road ahead is usually not pleasant, unless you take concrete steps to settle the issue. The good news is, there is always a way out, provided you have the guidance of an experienced IRS tax attorney such as Nick Nemeth. While you can always count on the team at the Law Offices of Nick Nemeth to provide you with comprehensive IRS tax help such as

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What You Need To Know About an IRS Tax Levy

Understanding about IRS Tax Levy

If you owe money to the IRS, a tax levy is one of the main tax problems you could face. To best deal with this and other IRS tax problems, knowledge is gold. The first step we suggest taking is learning everything about tax levies. This will enable you to move forward with the best resolution for your IRS tax problems. In this blog, we delve into everything you need to know about IRS tax levies, including how they can affect you. What is a tax levy? Tax levies are one of the most undesirable IRS tax problems any taxpayer

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How Far Back Should I Worry About Unfiled Tax Returns?

Tips for filing your unfiled tax returns successfully

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. The more you put off filing and paying your taxes, the greater the risk of facing consequences that are enforced by the IRS. Unfiled tax returns can really disrupt your peace and result in financial hardships. In this blog, we explore how far back you ought to worry about unfiled taxes. 1. How safe am I from the IRS? Some defaulting taxpayers find themselves basking in a false sense

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Understanding Abatement of Penalties and Interest with the IRS

Understanding Abatement of Penalties and Interest

If you are behind on your IRS tax payments, it is important to be mindful of IRS penalties and interest charges. The longer your debt remains unpaid, the more penalties and interest can accumulate. If neglected for a long enough time, IRS penalties and interest can become a serious issue. In fact, IRS penalties can rise up to 25% of your debt and quickly make your debt balloon. Fortunately, there are IRS penalty abatement options available to select candidates. Wondering if you could be one of them? Read on to find out! IRS Penalty Abatement Are you looking to find

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All You Need To Know About IRS Debt Relief

Understanding IRS Debt Relief

Debt is probably one of the most common concerns for most people today. Owing a significant amount of money to a bank or any other lender can be very stressful. However, most will agree that dealing with federal tax debt is the worst. The federal government takes your tax-paying duties seriously and has full power to collect on its debt. This means that tax debt collection is not only certain but also involves serious consequences. Defaulting taxpayers are frequently penalized with fines, interest, levies, liens, and even asset seizure. For most, facing such consequences are far more daunting as compared

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