Most people dread IRS audits even when they are not guilty of a tax offense. After all, the IRS would rarely audit you if there is no suspicion of foul play when filing taxes. For those being audited by the IRS, it is prudent to get a tax controversy attorney or a qualified CPA. Before… [Read More]
Important Notice: Consumer Alert from the Attorney General on “Tax Relief” ScamsConsequences of Failing to Resolve Your Tax Debt
Are you unable to resolve your tax debt? Very few things in life are as stressful as owing the IRS money, especially if you do not have the funds to pay what you owe. “So what should I do?” You are probably wondering. Well, this should not be a complicated issue if you can get… [Read More]
Never Fight the IRS Alone
The Internal Revenue Service, popularly known as the IRS, is the revenue service of the United States federal government that is tasked with the collection of taxes and enforcing of the Internal Revenue Code (IRC). Annually, scores of citizens face an audit of their individual tax returns by IRS – sometimes randomly or often following any… [Read More]
Criminal Investigations and Penalties for IRS Offshore Disclosure
According to the IRS, the US loses several billions of dollars every year as a consequence of individuals who either hide or fail to report their offshore revenue or foreign earnings. Offshore tax fraud or tax evasion is a crime if it is determined to have been committed willfully and one can face certain penalties… [Read More]
Does your spouse want to out you to the IRS?
Whistle blowers are among the favorite heroes loved by the IRS. In fact, the IRS loves them so much that it has a program that may award a whistle blower up to 30% of the evaded tax or penalty it collects. While this should not be a problem to anyone that pays their taxes dutifully,… [Read More]
CAN’T PAY YOUR TAXES? HERE’S WHAT TO DO:
Are you unable to pay your taxes before the fast approaching filing deadline? Are your tax bills amounting to an outrageous sum that you cannot be able to clear in time? Whatever the case, pending bills, more so taxes, can be quite the headache because failure to pay up can damage your credit score, cost… [Read More]
Why You Should Hire a Tax Attorney for Your Tax Audit Defense
Only a few occasions such as a visit to the doctor can invoke the same dread that you get when you have an upcoming tax audit by the IRS. Any taxpayer that has never been audited before can easily dismiss these fears as they are unsure of what to expect. However, this uncertainty can only… [Read More]
What is a Doubt as to Liability Offer in Compromise?
A doubt as to liability Offer in Compromise (OIC) can be used to settle tax debt when there is a legitimate dispute about whether you actually owe the debt. If accepted, you may use a Doubt as to Liability OIC to settle your tax debt for much less than owe, sometimes for pennies on the… [Read More]
Can the IRS Garnish Your Wages If You’re Self-Employed?
Independent contractors and self-employed taxpayers may not have to worry about wage garnishments, but that doesn’t mean they entirely free from IRS collection actions. The IRS has many other collection powers at its disposal, so you’re better off resolving your tax problems through negotiation or settlement. How Wage Garnishments Work Employers handle the following tax… [Read More]
How to Appeal the Trust Fund Recovery Penalty
The trust fund recovery penalty (TFRP) is equal to 100% of any unpaid trust fund taxes. You may become personally responsible for this penalty if the IRS determines that you are a responsible person at the business who willfully failed to send the payroll tax money to the IRS. The TFRP is a severe penalty,… [Read More]
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