IRS Tax Code 101: What is a Tax Crime?

Posted by The Law Offices of Nick Nemeth on October 19, 2019

No one enjoys paying taxes. In fact, most people cringe at the idea of having to hand over a significant chunk of their earnings to the IRS. But all personal preferences aside, paying taxes is an absolute necessity for law-abiding citizens. Many people, however, try to cut corners and save some money by exercising questionable practices. From IRS payroll tax payment transgressions to concealing foreign assets, people are getting more creative by the day. But, do you know how these practices impact your legal standing? Are you guilty of committing a tax crime, or have you simply committed an innocent

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How to Stay Out of Jail When You Owe Back Taxes

Posted by The Law Offices of Nick Nemeth on October 14, 2019

Not paying your taxes is an easy mistake to make. Ignorance or forgetfulness are the common culprits. The more you put off your IRS debt responsibilities, the worse the problem can get. No matter how innocent the reason for neglecting your IRS tax debt is, the consequences can be serious. In fact, in some cases, back taxes could even land you in jail! While seeking professional help is the best approach when you owe back taxes, you too must be aware of the basics. That is precisely what we cover in this blog post. Let’s start with some basics. Can

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Asset Seizure: What Can The IRS Take?

Posted by The Law Offices of Nick Nemeth on October 11, 2019

IRS tax issues are capable of spiraling out of control really fast. Having an experienced lawyer on your side helps to solve these problems and bring peace of mind. The Law Offices of Nick Nemeth, IRS Tax Attorney in Dallas, focuses solely on helping our clients and providing them with the best solution for their problem. Our team of tax resolution attorneys are passionate when it comes to fighting for our clients. Negotiating with the Internal Revenue Service may be intimidating to deal with on your own and we are here to help. Scope of IRS: Assets and Possessions Federal

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Tips to Getting Rid of an IRS Tax Levy

Posted by The Law Offices of Nick Nemeth on October 9, 2019

Received an IRS tax letter to seize your assets? Not all is lost. One of our qualified tax attorneys can help you find the best course of action to prevent you from losing control over your valued possessions. The IRS has the authority to react with a tax lien or levy when a citizen fails at fulfilling their taxing duties. Essentially when you don’t pay taxes, you owe money to the IRS. In order to secure the payment of such debt the IRS might decide to impose a tax lien, securing your assets as a guarantee of payment. If the

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5 Tips for Filing an IRS Offer in Compromise

Posted by The Law Offices of Nick Nemeth on September 23, 2019

Offer in Compromise, or OIC, is a provision initiated by the Internal Revenue Service to help taxpayers who are unable to clear their tax debts. If an OIC is approved, the IRS agrees to settle the debt for an amount less than the actual debt. To decide the qualification of an OIC application, the IRS looks at the taxpayer’s circumstances, income, property, ability to pay, expenses, assets, and various other dynamics. Continuing on the subject, in this blog post, we present five tips for filing an IRS Offer in Compromise. Read on. 1. File Tax Returns The IRS puts taxpayer

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What ‘Not’ to Do When Up Against IRS Tax Problems

Posted by The Law Offices of Nick Nemeth on September 17, 2019

Every year millions of people face IRS tax related problems such as unpaid taxes, liens on assets, and various types of penalties for different reasons such as noncompliance, provision of inaccurate information, and late filing. No matter the problem, the IRS tax lawyers at the Law Offices of Nick Nemeth are equipped to help you carve out a solution and deliver the IRS tax problem help you need. Continuing on the subject, in this blog post, we present some common mistakes to avoid at all costs, when up against IRS tax problems. Read on. 1. Do Not Ignore any IRS

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Wrongly Penalized by the IRS? Here’s What to Do

Posted by The Law Offices of Nick Nemeth on September 11, 2019

If the IRS ever makes an amendment to your tax return that you do not agree with, you have the right to appeal against the decision. The IRS Office of Appeals offers a way to resolve disagreements with the IRS that relate to your financial assessments. Taxpayers are entitled to get a written response within a certain period of time after they have appealed against an IRS decision, including penalties. If you are wrongly penalized by the IRS, this blog post is for you. Read on as we cover all the details of the process of appealing against the IRS.

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Mistakes to Avoid when Requesting IRS Penalty Abatement

Posted by The Law Offices of Nick Nemeth on September 3, 2019

Taxpayers who fail to file their returns or pay their taxes are given a one-time waiver known as the first-time penalty abatement (FTA). Common penalties such as failure-to-file, failure-to-pay and failure to deposit can be revoked with the help of an FTA. In most cases, IRS is willing to negotiate with the taxpayers to agree upon a mutually beneficial settlement. While experienced tax attorneys from a reputable law firm such as the Law Offices of Nick Nemeth can help you request IRS penalty abatement, it is advisable to be aware of the common mistakes people commit in the process. Continuing

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What to Do When Facing an IRS Tax Problem

Posted by The Law Offices of Nick Nemeth on August 28, 2019

Millions of Americans run into trouble with the IRS every year. Be it unpaid taxes or unfiled returns, wage garnishment or a tax lien, most problems can be fixed with the help of an IRS tax attorney. If you happen to have a run-in with the IRS, let a licensed tax attorney handle it and negotiate an agreement for you. While you can always rely on the IRS tax lawyers at the Law Offices of Nick Nemeth to help you out with all your IRS tax problems, it is sensible to stay aware of the basic steps to be taken

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Understanding How to Stop an IRS Tax Levy

Posted by The Law Offices of Nick Nemeth on August 20, 2019

Most people end up in a state of panic when facing an IRS tax levy, as the possible repercussions are not limited to their bank accounts or wages. When a taxpayer receives a tax levy notice from the IRS, it is possible that the IRS may even freeze their assets. The IRS is legally authorised to hold on to your assets and your bank funds if you neglect or fail to pay your taxes. Thankfully, there is still hope. So, if you have been wondering, ‘how to stop an IRS tax levy’, this blog post is for you. Read on.

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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.