Author: Tax Consultants
Red Flags That May Trigger an IRS Egg Shell Audit or Criminal Tax Investigation
If the IRS suspects serious fraud has occurred, or is occurring, it is possible an eggshell audit or criminal tax investigation could be triggered that results in criminal charges being brought against you. While some IRS audits are random, many more are the product of an IRS agent running statistical diagnostic software applied to the […]
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Key Benefits of Retaining an Experienced IRS Tax Relief Attorney
If you were contacted by the IRS about unpaid taxes or outstanding tax debt, you may be contemplating whether to retain the services of a tax relief attorney. You might be on the fence about hiring a tax lawyer out of concern that it could make the situation worse and cost you an arm and […]
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Major Tax Mistakes You Need to Avoid
Making a mistake when filing your taxes can have significant consequences and potentially harm your financial well-being. Depending on the mistake, you could be subjected to large tax penalties, IRS wage garnishment, or even the prospect of serving time in prison. This is why it is so important to speak with a seasoned and knowledgeable […]
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How to Get a Tax Penalty Waived – Penalty Abatement
If the Internal Revenue Service (IRS) contacts you and alleges that you owe back taxes or underpaid taxes, there is a good chance you could be subjected to a penalty (if it turns out you do in fact owe the amount alleged by the IRS). Penalties levied by the IRS are quite common. For example, […]
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Overview of the IRS Wage Garnishment Process
The Internal Revenue Service (IRS) possesses the legal authority to “garnish” (i.e. legally seize) your income to satisfy any outstanding federal tax debt. The IRS can garnish hourly wages, salary, commissions, and even bonuses. The IRS generally does not garnish wages unilaterally. The federal agency will first send you a written notice that sets out […]
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Happy New Year!
We hope you are getting off to an exciting, happy new start this January. Every year seems to show great promise and 2019 feels like it could be a good one. Every year, however, also has its challenges and changes. As most of you probably know, the federal government has been partly shut down for […]
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What Happens When the IRS Sends a Letter?
Every year, the Internal Revenue Service (IRS) audits thousands of American taxpayers and businesses. When that happens, it becomes stressful. If the government determines that money is owed, it will attempt to collect by adding penalties, filing tax liens against property and taking a percentage of wages. Most taxpayers are unprepared to meet such demands, […]
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The Danger of the Three-Year Tax Filing Rule
How long should you keep your tax returns? A lot of people are told that they should keep their tax returns for three years just in case the IRS decides to audit. After all, the IRS has a three-year window in which it can call for an audit after taxes are filed. Taxpayers also have […]
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New Tax Provision Creates Passport Problems
Did you know that the Internal Revenue Service (IRS) now has the legal authority to revoke passports to those who want to travel outside of the United States? According to the “Fixing America’s Surface Transportation Act” (passed in 2015), the IRS has the power to instructthe State Department to refuse and revoke passports to Americans […]
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The IRS Can Now Revoke Your Passport If You’re Behind on Your Taxes
Taxes can be a complicated ordeal. Whether you file yourself or use a professional service, it’s important to be educated on the rules of the game. This year especially, thinking about the tax code causes stress and a whole lot of confusion. One piece of the incredibly long code is jumping up on people that […]
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