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 »
If you’re having tax problems
Tag: Tax Attorney
When you owe the IRS money in back taxes, the federal agency can use a variety of ways to obtain the debt, including assessing a bank levy. This means the IRS can place a freeze on your accounts and seize the money until your tax debt us satisfied. To try to have the bank levy… Read more »
Failing to file a tax return, committing tax evasion or participating in tax fraud are some offenses that can be considered serious crimes under federal law. If the IRS suspects you have committed a tax crime it will utilize its Criminal Investigation Division (CID) to investigate. A s part of the CID’s process, a Special… Read more »
If you have money in foreign bank accounts, you are not immune from disclosing that information to the IRS. The Foreign Account Tax Compliance Act (FATCA) requires foreign financial institutions and other non-financial foreign entities to report foreign assets held by U.S. account holders. Individuals are also required to report their foreign financial accounts… Read more »
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.
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 »
Do you live or work overseas? Are you wondering how or why this may affect your life or work in any way? Then this article is just for you!
IRS tax problems are common, but at a certain point they may start cause serious stress. If you are worried about asset levies or don’t know how you will ever pay off your tax debt, you should call a tax attorney to get some advice. Key Insights We Will Discuss: – Urgent issues that that… Read more »
Ayar Law back again. Here for our third installment of “What to Ask When Hiring a Tax Attorney.” In our last installment of the series we looked at questions to ask your prospective IRS tax attorney regarding their working and billing style. In this installment, we will look at the questions to ask regarding his… Read more »
Ayar law here. And we are back for our second installment of “What to Ask When Hiring a Tax Attorney” mini-series