We live in an evolving world where modern businesses are looking for new ways to complete tasks and meet company objectives. This often includes hiring workers from different backgrounds and in different categories to better satisfy the needs of your organization. But, these varying employee types create additional risks for businesses. Misclassifying an employee can trigger an IRS audit, leaving businesses liable Read More
How to Respond When the IRS Garnishes Your Paycheck
When you’re in trouble with the IRS and dealing with insurmountable debt, it can have a direct impact on your paycheck. Nobody wants to see their hard-earned money taken away from them before it ever hits their bank account, but it happens to millions of Americans every day. When the IRS takes this step, it's because they’ve tried other means of collection and found them unsuccessful. They begin taking money directly Read More
Reduce Your Taxes: How to Identify Taxable and Non-Taxable Income
The amount you must pay in taxes depends largely on the amount of your income. It can be reduced by how many personal itemized deductions you can claim or by your business’ expense deductions. But another way to reduce your taxes is if you determine that any of the income you have received qualifies as nontaxable income. When you receive money for goods or services you provide, it is considered income. Income is Read More
How Can I Tell if My Business is in Tax Trouble?
Keeping a close eye on your business’s tax status is crucial in the fast-paced world of American commerce. Falling behind on taxes, even if done unintentionally, can cripple even the most successful companies. You may believe you’re operating at full capacity, only to discover you’ve missed several key tax deadlines and are now facing significant financial strain. Recognizing the early signs of tax trouble can help Read More
What to do if an IRS Revenue Officer Won’t Return Your Calls
People panic when dealing with the Internal Revenue Service. It can feel like your financial world is at risk, and you want to urgently remedy whatever issue is at hand. We understand this because we work with taxpayers every day to help them get out of trouble with the IRS. In some cases, though, the IRS shows a lot less urgency than the taxpayer does. You get a notice from the IRS and have a Revenue Officer looking Read More
Can You Discharge Tax Debts Through Bankruptcy?
As Americans attempt to navigate often crippling debt situations, bankruptcy is often a last-resort consideration. We regularly consult with clients who are burdened with excessive tax debt who are debating whether or not bankruptcy is their best avenue to get out of trouble with the IRS. Ultimately, it depends on the type of tax debt you have. Not all taxes are dischargeable by bankruptcy. Whether you’re pursuing Read More
5 Ways to Resolve Your Debt With the IRS
Being in debt to the Internal Revenue Service (IRS) often feels defeating. You are left feeling helpless with no options to resolve your debt or get back in good financial standing. We’re here to assure you there are always options and opportunities to resolve your debt in a manner that allows you to move forward with integrity and confidence. Consulting an experienced tax attorney allows you to equip yourself with Read More
How to Protect Your Passport From an IRS Debt
Facing an Internal Revenue Service (IRS) debt is often daunting and stressful, with many people fearing the consequences of non-payment without knowing what potential punishments are incoming. While the repercussions often involve fines or wage garnishment, a less frequent but still significant impact is on passport status. The IRS, being a part of the federal government, has the ability to work with the State Read More
Avoiding IRS Levies: How to Effectively Respond to IRS Form 9297
When faced with a request from the IRS, particularly Form 9297, it's understandable to feel a mix of confusion and concern. This form is sent out by a revenue officer who is requesting specific documents or information from you by a specific date. If you fail to comply, the consequence is typically an IRS levy on your bank accounts. While receiving such a request feels daunting, it's important to remember that Read More
How to Respond When Receiving Form 725-B for an In-Person IRS Visit
Receiving Form 725-B from the IRS signals an important moment in your financial circumstance that requires your immediate attention. This form is an indication that the IRS intends to meet with you in person, a shift from their previous approach of unannounced visits. Understanding how to handle this situation properly is crucial in maintaining your standing with the IRS and protecting your financial future. What Read More