All You Need to Know about IRS Cancelled Debt

Posted by The Law Offices of Nick Nemeth on January 19, 2021

Most taxpayers believe that the IRS only charges taxes on income from a regular job or business, stock sale, or sale of an asset, however, it may also levy income tax on canceled tax. According to tax rules specified by the IRS, if a taxpayer’s debt is canceled, discharged, or forgiven, they must include the canceled amount in their gross income and pay taxes on it unless they qualify for an exemption or exclusion. In case they haven’t paid taxes on the canceled debt and have received notice from the IRS, they must immediately seek IRS tax help from an

Read the full article…

Dealing with IRS Bank Levies

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

Dealing with the IRS about back taxes can be tricky although there is always a way out when you decide to take immediate action. The IRS has the authority to take money from your bank account in respect of outstanding taxes but avoids taking such strict actions unless you haven’t made any effort to resolve the tax issues and tax debt case. The IRS only resorts to aggressive tax collection actions when it does not receive any reply to multiple notices asking a taxpayer to get in touch. If you don’t respond, the IRS can levy and garnish money from

Read the full article…

Common Solutions to Common Tax Problems

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

Tax tax problems come in different forms. There are sales tax, state tax, and IRS tax problems that businesses and individual taxpayers face. Failure to file or pay taxes on time and in full, as well as any inconsistencies in the information provided can attract a range of tax related problems including tax audits. Whenever you receive a notice from the tax authorities for any issue, it is important to respond as soon as possible. You can also hire an IRS attorney that could help with any tax issues and increase your chances of getting resolutions such as IRS debt

Read the full article…

The Right to Finality: What Taxpayers Facing IRS Problems Must Know

Posted by The Law Offices of Nick Nemeth on December 23, 2020

Taxpayers interacting with the IRS about their tax issues, especially those who are being audited by the IRS, have the right to finality. The government makes sure that taxpayers know about their rights so that they can negotiate about IRS problems accordingly and avoid any misunderstandings. Continuing further on the topic, let’s look at what taxpayers facing IRS problems must know about the Right to Finality. Read on! The Taxpayer Bill of Rights The Taxpayer Bill of Rights, or TBOR, is a document consisting of ten fundamental rights every taxpayer should know when dealing with IRS tax issues. The Internal

Read the full article…

5 Lesser-Known Factors that Can Trigger an IRS Tax Audit

Posted by The Law Offices of Nick Nemeth on December 21, 2020

In 2017, the IRS selected over a million returns from 140 million taxpayers for a tax audit. Those chosen are for people who either made a mistake while filing their returns or did something else that triggered an IRS tax investigation or audit. Although the number of audits have since decreased, the government continues to pick some tax returns every year for additional review and scrutiny through computer algorithms. In this blog post, we discuss five lesser-known factors that can trigger an IRS tax audit. Read on! 1. When Taxpayers Fail to Report all Income According to tax law, individuals

Read the full article…

The IRS has Imposed a Tax Lien on my Property: What Should I do?

Posted by The Law Offices of Nick Nemeth on December 16, 2020

The IRS files almost one million tax liens every year. A tax lien is a document filed at the local county recorder’s office to help secure debt taxpayers owe to the IRS. When individuals fail to pay their taxes, the IRS can impose a tax lien on their assets and property which gives it the authority to seize and sell, making it difficult for the taxpayer to sell or refinance it. That is why it is important to settle the IRS problem immediately by seeking tax lien assistance from an experienced attorney. In this blog post, we discuss three things

Read the full article…

5 Possible Consequences of Unfiled Tax Returns

Posted by The Law Offices of Nick Nemeth on December 15, 2020

According to Forbes, about five percent of the population in the United States of America fail to file their tax return. Late or unfiled tax returns constitute a serious issue that can come back to haunt taxpayers and hit them with heavy interest and penalties. Whether you are entitled to a tax refund or owe the IRS, you must consult an experienced tax attorney who can help you in filing unfiled tax returns and save you from punitive measures. Let’s look at five possible consequences of unfiled tax returns. 1. You may Have to Pay Penalties The IRS can impose

Read the full article…

Answering Commonly Asked Questions About IRS Tax Debt Relief

Posted by The Law Offices of Nick Nemeth on December 10, 2020

Tax debt is a serious problem faced by millions of hardworking taxpayers in the US every year. It makes people lose their property, file for bankruptcy, and has led to many serious heartaches and headaches. If you are struggling to pay the money you owe the IRS, don’t panic. There are a few tax debt relief options that can help you settle your tax debt. Continuing on the subject, in this blog post, we answer some of the commonly asked questions about IRS tax debt relief. What is tax debt relief? Tax debt relief is a provision put forward by

Read the full article…

Understanding a Tax Lien and How to get it Removed

Posted by The Law Offices of Nick Nemeth on November 24, 2020

A lien, by definition, is a hold on property imposed by the government in a scenario of accumulated back taxes by a taxpayer. A lien is designed to protect the interest of the government as well as forewarn the creditor that the IRS has a legal right to their property. Apart from personal property, a tax lien is applicable to real estate, vehicles, and financial assets. If a federal tax lien isn’t taken care of by the taxpayer, the government may impose a tax levy which is the actual seizing of property, assets, and bank accounts to cover the taxes

Read the full article…

Understanding the Types of Penalty Relief Offered by the IRS

Posted by The Law Offices of Nick Nemeth on November 16, 2020

A vast majority of taxpayers in the US end up paying hefty IRS penalties, because of lack of knowledge and understanding about penalty relief options offered by the IRS. The IRS uses penalties to discourage people from committing any sort of tax evasion, but also offers abatement of penalties and interest to those who try their best to comply with the law but somehow fail to meet tax obligations due to circumstances beyond their control. If you are dealing with tax penalties, in this blog post, we discuss the penalties that are eligible for relief and the types of relief

Read the full article…

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!