help with irs problems: Is the IRS Threatening you with a Tax Lien? Read This! - 05/28/21 10:27 AM
When a Taxpayer owes the IRS, one of IRS's most powerful tools is the Notice of Federal Tax Lien (NFTL).  In this article, we’ll discuss some actions you as a taxpayer can take if the IRS is threatening you with an NFTL.
 
Six Options for a Taxpayer under Threat of an IRS Lien
Here are a six options to consider when under threat of an IRS lien:
The IRS will not file an NFTL if the balance is less than $10,000.  If you are above that level but can pay the balance down to $10,000, the IRS generally will not file a … (0 comments)

help with irs problems: Plano TX - 4 Mistakes Not To Make When Filing Your Taxes - 10/07/19 02:26 PM
 
It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It's important to remember that if you make mistakes that are serious enough, you might end up triggering an audit of your tax return or owe more in back taxes.
 
If you're planning on filing your own taxes this year, here are four mistakes that you should avoid.
 
Don't neglect to report all your income
Whatever your sources of income may be, whether it's your regular paycheck, a side gig, gains that you've … (0 comments)

help with irs problems: Richardson TX - Injured Vs Innocent Spouse Relief for Tax Problems - 07/16/19 10:56 AM
Taxpayers who come into our Richardson, TX tax office are sometimes confused by the difference between  Innocent Spouse vs. Injured Spouse tax relief. Today, we’ll outline the differences between the two.
 
Injured Spouse
Injured Spouse Relief occurs when a couple file a joint return and the refund for the return is offset against a debt that relates to only one of the spouses. In these cases, the spouse who does not owe that financial obligation is the “Injured Spouse”. Financial Obligations that the IRS offsets refunds for include prior IRS debt, State Income Tax Debt, unpaid child and spousal support, and defaulted … (0 comments)

help with irs problems: Richardson TX - CAP - The IRS Collection Appeals Program - 06/30/19 10:35 AM
The Collection Appeals Program or CAP is one remedy available to taxpayer who have a variety of IRS issues. CAP hearings can be valuable resource in some circumstances and it is one option that we consider when taxpayers come into our Richardson, TX office with tax problems.
 
The right to a cap hearing is triggered by any of the following events:
Notice of Federal Tax Lien Notice of Levy Notice of Seizure Denial or Termination of Installment Agreement  CAP hearings where created by Congress as a result of IRS abuse, and are procedural reviews. A CAP appeal can be used effectively if the … (0 comments)