Category: irs tax consultant
Innocent Spouse Rule
(Important Info to Not be Hindered By Your Spouse’s Tax Debts) The vast majority of married couples file their federal taxes jointly. The joint filing of taxes is actually encouraged by the tax by providing certain benefits and advantages to joint filers, as opposed to a married couple that opts to file separately. However, a […]
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How To Stop a Tax Levy from the IRS
If you receive a tax levy notice from the IRS on your property, do notfret. A tax levy notice is not irrevocable. In fact, the IRS possesses the discretionary authority to affirmatively release you from the tax levy. Factors Considered in Releasing a Tax Levy The IRS may consider releasing you from the tax levy […]
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What Happens If You Fail to Make an Installment Payment to the IRS?
When someone owes back taxes to the IRS, it is quite common that they lack the available funds to pay the debt in full. Hence, the Internal Revenue Service (IRS) routinely agrees to an installment payment plan for people who owes back taxes. When an installment plan is agreed upon, the IRS allows you to […]
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Struggling with Debt? You’re Not Alone
If you are feeling anxious and stressed about an excessive amount of consumer debt or you owe a tremendous amount of tax debt to the IRS, it is important to keep things in perspective and understand that you are not alone. In addition to millions of Americans carrying some form of debt, the federal government […]
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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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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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