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tax attorney: Minneapolis: Trust Fund Repayment Penalty - Am I Responsible?
- 06/03/21 11:12 AM
The Trust Fund Repayment Penalty is a penalty that makes an individual personally responsible for the tax debt of a business. Maybe a Revenue Officer has interviewed you or asked you to fill out a form. But, shortly afterwards you receive IRS Letter 1153. This is notice that the IRS considers you responsible for making sure that the business pays the tax. Since the business didn't, you are on the hook for the whole balance. But is the IRS wrong? Are you responsible?
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities. I … (0 comments)
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tax attorney: Minneapolis: Who Can Be Personally Responsible For Back Payroll Taxes?
- 06/03/21 10:23 AM
Businesses are having a tough time. Even before COVID, many businesses failed each year. Many of then were undercapitalized from the time they started. So, it isn't hard to believe that businesses can fall behind on their payroll taxes. It can be tempting to not pay the payroll taxes so that you can keep the lights on. This kind of business tax debt can become your personal tax debt.
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities. I handle tax debts, audit defense, payroll tax issues, and criminal tax matters. Money that … (0 comments)
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tax attorney: Minneapolis, MN: What Does An IRS Summons Mean? (VIDEO)
- 06/03/21 08:52 AM
Many taxpayers are receiving a Summons from the IRS. What does this mean? What should you do? This video addresses this document and answers those questions.
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities. I handle tax debts, audit defense, payroll tax issues, and criminal tax matters. An IRS Summons is normally a part of an examination process. The IRS is attempting to get information from you in order to either assess you tax and penalties or validate your return. Many Non-filers with un-filed tax returns are also getting them.
If you or … (0 comments)
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tax attorney: Minneapolis, MN: Am I Personally Responsible For Unpaid Payroll Tax?
- 06/02/21 12:17 PM
Businesses sometimes fall behind on payroll tax deposits. The IRS assesses tax penalties on the business like the Failure to Deposit Penalty and the Failure to File Penalty. But are you personally responsible for the tax debt of the business? There is a special penalty that can make this debt your personal responsibility.
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities. I handle tax debt, audit defense, payroll tax issues, and criminal tax matters. The IRS is authorized to assess a penalty against some individuals when payroll taxes are not paid. This … (0 comments)
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tax attorney: Minneapolis, MN: What Happens If A Business Doesn't Pay Payroll Tax?
- 06/01/21 08:51 PM
The global pandemic hit a lot of businesses hard. Plenty of them struggled to stay alive and open. Some even closed their doors. There are many businesses that collected income tax, FICA, and medicare from their employees, but couldn't pay it to the government. Whether the business closed or not, there can be consequences to this.
Maybe you thought that you would catch up next quarter. You had hopes that the lockdowns would end and the economy would bounce back. Maybe you caught up. Many didn't catch up. For many businesses, both open and closed, more than one quarter went unpaid. Sooner … (0 comments)
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tax attorney: Minneapolis, MN: I Didn't File A Tax Return, But I Got A Bill (VIDEO)
- 06/01/21 09:00 AM
The IRS and state taxing authorities don't need to get a tax return from you to assess a tax. This video explains why. I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers in front of the IRS and state taxing authorities. I handle tax debt, tax audits, payroll tax issues, and criminal tax matters.
If you or someone you know has a tax issue, call me at 763-515-0478, set up an appointment, or email me at mredden@reddenlawoffice.com
Michael Redden
Attorney at Law
Redden Law, PLLC
12800 Whitewater Dr.
Suite 100
Minnetonka, MN 55343
Ph: 763-515-0478
Email: mredden@reddenlawoffice.com
Appointments: taxhelpmeeting.com
… (0 comments)
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tax attorney: Minneapolis: IRS Notice Of Deficiency - What Happens if I ignore it?
- 05/31/21 07:28 PM
So you got a notice that there is a certified letter at the post office for you? Maybe you even signed for it, but since it's from the IRS, you don't open it. If it contains a Notice of Deficiency, CP 531, then what happens if you ignore it?
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state taxing authorities all across the country. I deal with tax debts, audit defense, payroll tax issues, and criminal tax matters. When you ignore an IRS Notice of Deficiency, you lose your right to go to United States … (0 comments)
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tax attorney: Minneapolis, MN: IRS Notice of Deficiency: Know Your Rights
- 05/31/21 01:51 PM
If you have received an IRS Notice of Deficiency, also known as CP 531 or Letter 531, then you need to act quickly or you'll lose rights. Ignoring this notice will also start the IRS collections process. Liens, Levies, and other harm to your finances could start pretty quickly after this notice is issued. It is important to know your rights and exercise them.
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities all over the country. I help with tax debts, tax audits, payroll tax issues, and criminal tax matters. The most … (1 comments)
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tax attorney: Minneapolis, MN: IRS Notice of Deficiency - Why Did I Get This?
- 05/31/21 11:55 AM
The Notice of Deficiency comes from the IRS through either registered or certified mail. This is a very important notice and it comes with a 90 day notice of your rights. This is why many tax attorneys call this the "90 day letter." It is also known as Letter 531 and CP 531. While you might think that nothing good ever comes registered or certified mail, how you handle this letter might be the first steps towards solving your tax problem.
I am a tax attorney in Minneapolis, Minnesota. I represent taxpayers before the IRS and state tax authorities all over the … (1 comments)
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tax attorney: Minnesota Department of Revenue Has Voluntary Disclosure too
- 05/28/21 09:38 AM
The IRS has a program where taxpayers can come forward voluntarily. This program allows you to disclose a less than perfect tax history. Often it also allows you to avoid any criminal prosecution for tax evasion and other tax crimes. The Minnesota Department of Revenue has its own Voluntary Disclosure Program. This program is very similar to the IRS program, but it is for state level taxes.
I am a tax attorney in Minneapolis, MN. I represent taxpayers in front of the IRS, state tax authorities, and the United States Tax Court. I help with tax debts, tax audits, payroll tax issues, … (1 comments)
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tax attorney: Minneapolis, MN: IRS Voluntary Disclosure Program: Who Can Use It?
- 05/28/21 08:57 AM
The IRS Voluntary Disclosure Program is a great way to get back into the tax system. If you haven't field returns or paid taxes in years, if you weren't completely honest about your income, and if you want to be compliant in the future then this program will help you. But not everyone can use it.
I am a tax attorney in Minneapolis, MN. I represent taxpayers all over the country before the IRS, state tax authorities, and United States Tax Court. I deal with tax debts, audits, payroll tax issues, and criminal tax matters. Taxpayers will often get a better deal … (1 comments)
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tax attorney: Minneapolis, MN: How To Refinance A Home With a Federal Tax Lien
- 05/27/21 12:23 PM
A Federal Tax Lien lowers your credit score and can get in the way of taking advantage of the record low mortgage rates. However, you can still refinance even with a Federal Tax Lien. I am a tax attorney in Minneapolis, MN. I represent taxpayers before the IRS and state tax authorities on issues ranging from tax debt to audit defense to payroll tax issues to criminal tax matters.
A Federal Tax lien can spoil an attempt to sell a house. It can also get in the way of getting a new loan. But, the IRS will subordinate their lien to the … (1 comments)
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tax attorney: Minneapolis, MN: Many Un-filed Tax Returns? One Way To Avoid Jail
- 05/27/21 07:55 AM
A major concern for taxpayers who haven't done their taxes properly for years is that the government might decide to charge them with tax evasion or another tax crime. It is already stressful enough to know your going to owe the IRS a very large sum of money without the added possibility of losing your freedom. Believe it or not, the IRS actually wants you to come forward and do things the correct way, and the Voluntary Disclosure Program is one way you can do it and avoid jail.
I'm Michael Redden and I am a tax attorney in Minneapolis, MN. I … (1 comments)
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tax attorney: Minneapolis, MN: What You Need To Know If You Have Un-filed Taxes (Video)
- 05/27/21 06:14 AM
I am a tax attorney in Minneapolis, MN. I represent taxpayers all over the country before the IRS and state tax authorities. I help with tax debts, tax audits, and business payroll tax issues. Non-filers (those who have at least 1 tax return that isn't filed) make up more than 7 million Americans. The IRS will soon step up enforcement against this group. Here is what you need to know.
If you or someone you know has a tax issue, call me at 763-515-0478, set up an appointment, or email me at mredden@reddenlawoffice.com
Michael Redden
Attorney at Law
Redden Law, PLLC
12800 Whitewater Dr.
Suite 100
Minnetonka, MN … (1 comments)
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tax attorney: Minneapolis, MN: How To Sell Your House With A Federal Tax Lien
- 05/26/21 05:05 PM
Just because there is a Federal Tax Lien on your home doesn't mean that you can't sell. In this post, I'll explain one of the ways that you can sell your home even with the lien. I am a tax attorney in Minneapolis, MN. I represent taxpayers before the IRS and state taxing authorities regarding tax audits, income tax debts, and payroll tax issues.
Believe it or not, the IRS doesn't want your house. They just want money. Their primary concern is that they get paid. This isn't a problem if there is enough equity in your home to pay off the … (1 comments)
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tax attorney: Minneapolis Non-Filers: What If You Don't Have Your W-2s and 1099s?
- 05/26/21 03:29 PM
There are millions of non-filers in the United States. The IRS considers a non-filer to be any taxpayer that has not yet filed a tax return that is due. Once a taxpayer decides to make things right with the IRS and their state taxing authority, they have to get into compliance before they can settle any issues with how much money they owe. The first step to doing that is to file the 6 most recently due returns. This can be difficult if you no longer have the records. (Or NEVER had them)
I am a tax attorney in Minneapolis, MN. I … (2 comments)
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tax attorney: You Can Sell a House With a Federal Tax Lien (Video), Minneapolis
- 05/25/21 11:04 AM
It is a common misconception that you can't sell your house after a Notice of Federal Tax Lien has been filed. You can even refinance it. There are options. I talk about the options in this video. I am a tax attorney that represents taxpayers before the IRS and state taxing authorities to settle tax debts, payroll tax issues, and audits.
If you or someone you know has an IRS or state tax issue, call me at 763-515-0478 or email me at mredden@reddenlawoffice.com
Michael Redden
Attorney at Law
Redden Law, PLLC
12800 Whitewater Dr.
Suite 100
Minnetonka, MN 55343
Ph: 763-515-0478
Email: mredden@reddenlawoffice.com
… (1 comments)
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tax attorney: Unfiled Tax Returns in Minneapolis? Maybe File Your State Return First
- 05/25/21 08:14 AM
Over 20 million Americans have tax debt with the IRS. More also have tax debt with their state department of revenue. One of the first steps to getting things back on track is to file those missing returns. Believe it or not, whether you file your returns with the IRS first or the state matters. I am a tax attorney in Minneapolis representing taxpayers before the IRS and state tax authorities. I handle back tax debt, trust fund tax debts, and audit defense.
Whether you enter into an installment plan or an offer-in-compromise (OIC), you will have to settle up with the … (1 comments)
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tax attorney: Unfiled Tax Returns? Think Before You Go Married Filing Jointly
- 05/24/21 08:11 PM
A focus of my legal practice is the representation of taxpayers before the IRS and state taxing authorities. I handle tax problems such as individual tax debt, payroll tax liabilities, and innocent spouse relief. I'm a tax attorney in Minneapolis. Many of these problems begin with unfiled tax returns.
The IRS estimates that over 7 million taxpayers fail to file a return every year. Eventually, these taxpayers want to get right with uncle Sam and move on with their lives. The jouney back begins with filing those back tax returns. Sounds pretty simple right? Well, it can be. It can also make … (3 comments)
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tax attorney: Yes, You Can Sell a House Even With a Federal Tax Lien
- 05/24/21 02:40 PM
I am Michael Redden and I'm a tax attorney in Minneapolis, MN. I represent taxpayers in front of the IRS and state level tax authorities across the United States. My clients have tax debts, audit issues, and other controversies with the IRS. One of the most commeon misconceptions is that you can't sell your home if you have an IRS tax lien.
If you owe more than $10,000 to the IRS, the IRS will file a Notice of Federal Tax Lien in the local land records. They will also file it with your Secretary of State and even, sometimes, city hall. This … (1 comments)
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The Trust Fund Repayment Penalty is a penalty that makes an individual personally responsible for the tax debt of a business. Maybe a Revenue Officer has interviewed you or asked you to fill out a form. But, shortly afterwards you receive IRS Letter 1153. This is notice that the IRS considers you responsible for making sure that the business pays the tax. Since the business didn't, you are on the hook for the whole balance. But is the IRS wrong? Are you responsible?
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