Important Advice When You Default on an IRS Payment Plan

Posted by The Law Offices of Nick Nemeth on September 26, 2022

Every year, many taxpayers in Dallas find themselves in a situation where they owe the IRS more in taxes than they are able to pay currently. The Internal Revenue Service (IRS) has provisions that are especially designed to help such taxpayers dig themselves out of the hole. This is in the form of a range of payment plans in which defaulting taxpayers can enroll to get IRS debt relief. The IRS has the right to terminate the installment agreement and declare a taxpayer to be in default if they fall behind on payments or cease paying altogether. When faced with

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Unveiling the IRS ‘Dirty Dozen’ Scam List for 2022 (Part-I)

Posted by The Law Offices of Nick Nemeth on September 21, 2022

Earlier in July, the Internal Revenue Service compiled its much-awaited ‘Dirty Dozen’ annual list of scams. The IRS has also issued a complementary warning to all taxpayers to avoid being misled by fraudulent tax-saving strategies! In the event of IRS tax problems, the correct approach would be to search for an experienced tax debt lawyer, however, some taxpayers explore avenues that lead them towards scams and more trouble with the IRS. Continue reading as we unveil 6 out of 12 ‘Dirty Dozen Scams’. 1. Abusive Syndicated Conservation Easements Promoters of syndicated conservation easements distort a tax law provision allowing for

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Decoding the IRS Accuracy-Related Penalty

Posted by The Law Offices of Nick Nemeth on September 13, 2022

Whenever there is mention of the Internal Revenue Service (IRS), some people have chilling flashbacks of their encounters with the government agency. It is easy to get in the wrong books of the IRS, and the agency is known to reach for its arsenal of penalties in a lot of cases. One such penalty that you should be aware of is accuracy-related penalty. If you underpay the tax that should be reported on your return, you can be subject to an accuracy-related penalty. If you don’t declare all of your income or claim credits or deductions for which you are

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Benefits of IRS Expanded Voice Bot Options

Posted by The Law Offices of Nick Nemeth on September 6, 2022

When calling customer service departments of different businesses, you will deal with bots most of the time. The Internal Revenue Service (IRS) has also decided to adopt voice and chat bots-based interaction features for two of its specialist toll-free telephone service lines. The bot-based services are going to be introduced across more verticals in the near future. The move, which is a component of the IRS Taxpayer Experience Strategy, aims to enhance the quality of interactions between the IRS and taxpayers by supplying more information through the use of cutting-edge technology solutions like AI-powered voice and chatbots. The facility will

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What You Need to Know About a ‘Notice of Intent to Offset’

Posted by The Law Offices of Nick Nemeth on August 25, 2022

Did you know that approximately 11.23 million Americans failed to pay their taxes on time during the coronavirus pandemic? This translates to $125 billion of unpaid taxes. From the government’s point of view, a lack of revenue means it can’t invest in important national developmental programs. In an attempt to recover unpaid taxes, it sends a Notice of Intent to Offset to taxpayers who default on their payments. Taxpayers in Dallas can turn to tax lawyers like Nick Nemeth for solutions to IRS tax problems such as being the recipient of a Notice of Intent to Offset. In this blog,

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3 Ways to Stop an IRS Tax Levy

Posted by The Law Offices of Nick Nemeth on August 16, 2022

If you owe taxes to the Internal Revenue Service (IRS), there are a number of reasons for you to be anxious. You never know when the IRS might put a levy on your assets to recover the outstanding amount. While it is a worrisome scenario, there are ways you can stop or get rid of an IRS tax levy. The best way to prevent such a situation is to pay your taxes on time. If you find yourself the subject of a tax lien, the first thing you should do is hire an IRS tax attorney. If you are a

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All You Need to Know About Letters from the IRS

Posted by The Law Offices of Nick Nemeth on August 9, 2022

Nobody wants to have to deal with the IRS, especially if they are on the wrong side of the Tax Code. However, situations may arise when you must deal with the government agency or risk facing penalties. The IRS sends out notices for a variety of reasons including unfiled tax returns. In this blog, we are going to discuss all you need to know about letters from the IRS. Identifying if the letter is genuinely from the IRS First of all, you need to make sure that the letter you have received is really from the IRS. There are a

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A Taxpayer’s Guide to Late Tax Filing

Posted by The Law Offices of Nick Nemeth on August 3, 2022

Penalty for Late Filing Income Tax Returns

Filing your taxes on time is always important to avoid getting into any kind of trouble with the IRS. While this is the most ideal scenario, there are times when taxpayers find themselves filing late, sometimes even for several tax years. If you find yourselves in a situation whereby you are filing late or haven’t filed in a few years, it is important to know how to proceed. Working with a proven Dallas IRS attorney is the best way to get everything right as there are quite a few debt relief avenues such as IRS offers in compromise, IRS penalty

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IRS Debt Relief: How The IRS Assesses Your Ability to Pay

Posted by The Law Offices of Nick Nemeth on July 25, 2022

how does the IRS assess your ability to pay outstanding taxes?

Being unable to pay off outstanding taxes can be quite stressful as everyone is well aware of the dire consequences that may arise when the IRS decides to enforce collection measures. This does not mean that the IRS always goes hard on defaulters as there are avenues to get IRS debt relief. The IRS presents debt help facilities such as IRS penalty abatement, IRS tax installment agreement, and offers in compromise to taxpayers that are unable to fulfill their tax obligations for one reason or the other. The big question is, ‘how does the IRS assess your ability to pay

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All You Need to Know About an IRS Tax Settlement

Posted by The Law Offices of Nick Nemeth on July 21, 2022

Being the subject of an IRS tax investigation can be the stuff of nightmares. You must seek immediate help from a Dallas tax attorney that has experience providing IRS tax problems resolutions. The IRS offers tax debt settlement options that make it easy to manage outstanding taxes. Accessing an IRS tax settlement is as simple as filling out the necessary paperwork and submitting to the IRS. A Dallas tax attorney can discuss your case with the IRS, and help make sure that you opt for the right tax relief option and file everything correctly. In this blog, we are going

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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 againKristi 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 NickNick 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!