A failure to file FBARs and Form 8938 can result in numerous civil tax penalties. Criminal penalties are also a possibility, which could result in jail time. ... Read More
What Can Happen If You Fail to Disclose Offshore Accounts?
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If you’re having tax problems
How to Get Rid of IRS Tax Penalties
You may be able to get IRS tax penalty relief simply by asking for it. If you meet the criteria for first-time penalty abatement (FTA), reasonable cause penalty relief, or other types of penalty relief, ... Read More
Where to Start When You Owe The IRS
If you owe the IRS a substantial amount, be sure not to ignore it. Review options such as installment agreements, extensions, or personal loans, and always seek legal advice from a professional tax attorney. ... Read More
CDP Hearings – What they are and what one can do for you
If for some reason, you find yourself defaulting on a tax payment or two, the IRS will take steps to recover that debt. This could be through IRS levies, allowing them to seize your assets, ... Read More
10 Documents you’ll need for an IRS tax audit.
It’s a nice breezy day. You pick your mail up, excited because that vintage Captain America comic you ordered came in today. But, alas, instead of nerding out all afternoon, you find yourself under the ... Read More
10 Common IRS Notices That You Are Likely To Encounter and What They Mean.
No one likes when the IRS reaches out to them. The agency is like that one neighbor you never liked as a kid who never got the hint and just kept coming over. Chances are, ... Read More
The IRS Offer in Compromise – 6 Common Myths and Misconceptions
When people first hear about the IRS Offer in Compromise (OIC) Program, (depending on where they hear about it from), many common misconceptions may come with it. So, I am here to clear up some of ... Read More
How Hiring a Tax Resolution Attorney Will Benefit You
It is the right of the IRS to seek payment for debt you owe to the government, but it can be difficult going up against the IRS alone. Therefore, it’s in your best interest to ... Read More
Top 5 Benefits of Hiring a Tax Attorney
Owing taxes to the IRS is no joke. In fact, you could face severe penalties for not addressing outstanding tax liabilities. The good news is that there may be actions you can take that can ... Read More
How to Appeal When You are Denied CNC Status
Currently Not Collectible (CNC) status can provide you with temporary relief from tax debt collection efforts by the IRS. However, if you applied for but were denied CNC status, all hope is not lost, as ... Read More
