How to Figure Out if You Need to File a 2018 Tax Return 2018 tax returns are due April 15, 2019, but not everyone needs to file a tax return. Taxpayers most commonly need to file when they want a tax refund, when they earned more than the income threshold, or when they had self-employment… [Read More]
What does it mean to have your tax refund offset? Instead of receiving the nice tax refund check you’ve been expecting, you get a notice in the mail. It says your tax refund has been offset. What does this mean?
Notice of Intent to Offset If you receive a Notice of Intent to Offset, your tax refund is going to be seized and put towards debt you owe to the IRS or another government agency. As part of the Treasury Offset Program (TOP), your tax refund checks are matched against any outstanding debts you owe… [Read More]
IRS Forms 433-A, 433-B, and 433-F – An Overview The IRS has three information collection statement forms namely IRS Form 433A, IRS Form 433B, and IRS Form 433F. Their basic function is to relay to the IRS your financial assortments in a structure of the IRS’s choosing. That way the IRS is able to determine… [Read More]
7 Things to Look for When Hiring a Tax Lawyer Having a tax issue can be daunting. So can the task of having to find a tax attorney qualified enough to take on your tax matter. Here is a list of the top things to look for when hiring a tax lawyer.
What is an Administrative Wrongful Levy Claim? You can file an administrative wrongful levy claim when the IRS seizes property to collect tax revenue owed by another person and you have a superior right to this property. This typically means you either own the property or have a security interest that was filed before any… [Read More]
7 Things to Look for When Hiring a Tax Lawyer Having a tax issue can be daunting. So can the task of having to find a tax attorney qualified enough to take on your tax matter. Here is a list of the top 7 things to look for when searching for a tax lawyer
What are Revenue Officers? Revenue officers are the senior-most collection agents at the IRS. They get assigned the cases with the highest priority within the IRS. If your case is assigned a revenue officer it means that the IRS considers your collection matter a top priority and you should take it seriously. I highly recommend… [Read More]
IRS Seizures – What They Can’t Take The IRS can seize many different types of property, including bank accounts, wages, and retirement accounts. However, some items are specifically exempt from IRS seizure under federal law.
Understanding Foreign Asset Reporting US tax code can be very confusing. This is especially true when it comes to reporting foreign assets. The IRS has a number of complex regulations regarding foreign assets and how they are reported, any of which can cause headaches for those filing. To give you some insight into the FBAR… [Read More]