Category: IRS Forms

Understanding Your Taxes if You’re a Side-Hustling Independent Contractor

Understanding Your Taxes if You’re a Side-Hustling Independent Contractor

Income Tax Rules for Common Side-Hustles In today’s day and age, it’s not uncommon to come across people who have side hustles to make some extra cash, especially since the start of the Covid-19 pandemic. The fact that many people have found themselves unemployed, making less money overall, or just have more free time than… Read more »

How to Appeal IRS Wage Garnishments

What to do if your IRS Wage Garnishment Appeal is denied

If the IRS garnishes your wages to seek repayment for owed taxes, it can cause financial hardships for you and your family.  To avoid this, you can try to appeal the wage garnishment to have it removed. If you received a notification from the IRS starting it will garnish your wages, you can take the… Read more »

How to Stop a Wage Garnishment Before it is Applied

Prevent IRS wage garnishment from being applied

When you owe back taxes to the IRS, the federal agency can take several measures to collect the money owed – including garnishing your wages.  This means that the IRS can contact your employer and have them direct a portion of your income — whether it is hourly wages, salary, commissions, or bonuses — directly… Read more »

How to Stop Wage Garnishments

wage garnishment removal

If you owe money in back taxes, the IRS can legally take any income you make to pay off your federal tax debt.  This can cause both financial hardship and embarrassment, as the IRS will contact your employer and require them to send a portion of your income directly to the federal agency. To avoid… Read more »

How an Offer In Compromise (OIC) Works

IRS Offer in Compromise

Do you owe back taxes to the IRS?  Until your debt is paid in full, the federal agency can assess penalties, interest, and more.  Fortunately, you have options on how to settle your debt with the IRS.  One solution is an Offer in Compromise. Read on to find out what an Offer in Compromise is,… Read more »

IRS Notices for Unfiled Tax Returns

IRS notices

You might be unaware that you have unfiled tax returns until you get a notification from the IRS.  These notifications can take on many forms, so it’s important to hire a tax attorney to help guide you through the paperwork and the next steps to navigate the exemptions, credits, and deductions you are entitled to.

What are Collection Due Process Appeals?

What are Collection Due Process Appeals?

Do you owe money to the IRS that has resulted in a Notice of Federal Tax Lien being filed, or a levy action being taken?  If you think this action is unwarranted, you can file a Collection Due Process appeal. If you are facing these actions, find out how hiring a tax attorney can help… Read more »

FinCEN Form 8300 and the Marijuana Industry: The Electric Company Complex

Form 8300 and the Marijuana Industry

If you own a cash-business (especially if you work in the marijuana industry – especially as a grower) then this article is for you. I have recently heard from a colleague about a tax issue that has been causing widespread fear across the marijuana industry.  I call it, the Electric Company Complex.  Apparently, electric companies (such as… Read more »

How to File an FBAR for Previous Tax Years

FBAR

Immersing yourself into different cultures overseas can be adventurous, but if you’re not careful, you could come back to the states to find yourself out of compliance with the IRS. The United States and Eritrea, a country located on the northeastern coast of Africa, are the only two countries in the world that base their… Read more »