Your business faces several tax bills each month. Failure to file either payroll or sales tax with the IRS can cost your business more than expected.
Are the Penalties Worse for Past-Due Payroll Taxes or Past-Due Sales Taxes?
Category: Unpaid Taxes
Can I Dispute or Stop an IRS Tax Lien?
The IRS has placed a lien on your property or financial assets. What is your next move? How do you handle this situation? And, most importantly, can you dispute or stop a tax lien? Finding out there is a tax lien on your property – whether real estate, personal property, or financial assets – is… Read more »
How Do I Qualify for Relief on Past-Due Taxes?
Were you late on your taxes and are now facing a sizable debt due to back taxes? While past-due taxes place a significant financial burden on filers, there are options. Relief is available; you just have to know where to look. Use available resources to your advantage when trying to pay past-due taxes. Learn how… Read more »
What is the Penalty for Not Filing an FBAR Form?
Taxpayers who have foreign accounts or interests that exceed $10,000 at any point during the year must submit a Foreign Ban Account Report (FBAR) through the Financial Crimes Enforcement Network (FinCEN) website. This notifies he U.S. Treasury Department of the accounts.
How to Appeal IRS Wage Garnishments
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 Qualify for an Offer in Compromise Program
If you owe taxes but you cannot afford to pay off your entire debt, you can try to qualify for an Offer in Compromise (OIC). While working with a tax attorney, you can make an offer to the IRS stating what you can afford to pay – typically for less than what you owe. The… Read more »
Ways a Tax Attorney Can Help You Set Up a Payment Plan with the IRS
Do you owe a large tax sum to the IRS that you cannot afford to resolve it in one payment? Relax. You have options. Instead of putting yourself in a tough place, financially, to pay your tax bill, you can work with a tax attorney to set up a payment plan with the IRS. This… Read more »
How to Reduce Your Payroll Tax Penalties
Failure to submit payroll taxes to the IRS can result in penalties against you and your business. If you have a valid reason as to why the taxes were not paid, the federal agency may consider waiving or reducing your penalties. With the guidance of your tax attorney, you can try to get your penalties… Read more »
Have Unfiled Tax Returns? Here are A Few Ways a Tax Attorney Can Help
Do you have previous tax returns that you have not filed? Perhaps this was due to procrastination or in a misguided attempt to avoid paying taxes? To limit the penalties the IRS can assess, including criminal charges, it is of the upmost importance that you act quickly to remedy this situation.
5 IRS Issues a Tax Attorney Can Help You Resolve
While you can work with a tax preparer to file your annual taxes, there are situations where you should seek representation from a tax attorney. Some instances where it can benefit you to hire an attorney include: if you’re facing a tax audit; if you’re being charged with tax fraud; if you have a large… Read more »
