irs: Tax Compliance - The Key to Resolving Your Tax Debt Houston, TX
- 01/27/19 04:59 PM
When we represent our Houston, TX clients before the Internal Revenue Service one of the primary concerns of the IRS is that the taxpayer is currently in Tax Compliance. We briefly mentioned Tax Compliance in a previous blog post, but we wanted to expound on this topic because it is a critical element of tax resolution. So what is Tax Compliance, and why is it so important to your IRS case? Tax Compliance means that the taxpayer: Has filed all tax returns for the last 6 years and Is making tax payments for the current year either through sufficient withholding from their paychecks (1 comments)
Clients that come into my practice in Lufkin, Texas feel exactly the same way when those letters arrive in their mailbox. So when they get to my office we're able to alleviate a lot of their fears by explaining what those letters mean and how we can help them stop the IRS notices and threats of levies.
When your tax return is filed the IRS and there is a balance due the IRS will process your return and send you (1 comments)
irs: Resolving Your IRS Tax Debt Lufkin, TX
- 01/22/19 01:22 PM
Oftentimes in my practice in Lufkin, TX we meet with potential clients who have opted to employ the "ostrich strategy" to resolve their tax debts. They ignore the IRS letters and levy notices until something happens to yank their head out of the sand - like the IRS draining their bank account. The ostrich strategy, however, is not a good tactic to employ when dealing with the IRS (of all governmental entities), and we advise a more proactive approach. There are three key steps to resolving an IRS tax debt - contacting the IRS, getting in compliance and proposing a tax (1 comments)
irs: How Does IRS Collection Work in Lufkin, Texas?
- 01/22/19 11:27 AM
In my practice we frequently help taxpayers in Lufkin or cities around East Texas who have gotten behind on their federal income tax liability and are in hot water with the Internal Revenue Service (IRS) . If you find yourself in that same situation it's helpful to understand how the IRS collection process works.
After a tax return is filed and processed the IRS will assess the taxpayer for any taxes due. A billing notice (or demand for payments) is mailed to the taxpayer. If the total due is not paid, then a silent federal tax lien arises automatically by law and (4 comments)