Tax Penalties

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Justice Department Ramps Up Tax Avoidance & Fraud Investigations

Taxpayers are being urged to pay careful attention to the upcoming reporting and filing obligations according to the Department of Justice's Tax Division. Willfully filing false tax returns or deliberate tax avoidance are serious criminal offenses.“Our criminal prosecutors are prepared for tax filing season too,” said Acting Deputy Assistant Attorney General Stuart M. Goldberg of [...]

By | 2021-04-22T13:49:22-04:00 |IRS, News, Tax Collections, Tax Fraud, Tax Penalties|Comments Off on Justice Department Ramps Up Tax Avoidance & Fraud Investigations

The Taxpayer Bill of Rights Series: The Right to Challenge the IRS’s Position and Be Heard

[This article is the fourth in a series of articles covering the Taxpayer Bill of Rights.] The Taxpayer Bill of Rights is a cornerstone document that highlights the fundamental rights taxpayers have when dealing with the IRS. The IRS continues to publicly highlight these rights to taxpayers and regularly reminds its employees about these rights as it [...]

What Is The Average Cost For A Tax Attorney?

The answer to this question, of course, will depend on the complexity of the case. The billing option for hiring an attorney can be handled two ways: Hourly rate - In some scenarios, an hourly rate makes sense when the nature of the legal issue is uncertain. Clients can potentially save money by paying hourly. [...]

By | 2021-04-13T10:56:03-04:00 |Tax Penalties, IRS, News|Comments Off on What Is The Average Cost For A Tax Attorney?

Can a Good Tax Attorney Really Help Reduce Your Taxes?

The answer is a very strong YES. Whether the case involves a failure to file tax returns, the failure to pay all of the taxes that are owed for prior years, the involvement in a bad investment, a spouse who did not pay all of the family’s tax, or a troublesome audit of your return, [...]

By | 2021-04-13T10:56:22-04:00 |Business Taxes, IRS, News, Tax Collections, Tax Penalties|Comments Off on Can a Good Tax Attorney Really Help Reduce Your Taxes?

Collection Agencies Will Now Be Helping The IRS Collect Back Taxes

Originally published at AVVO.com Pursuant to a law passed by Congress last year, the IRS has hired four private debt collection agencies to contact taxpayers about their back taxes. This is highly unusual, and can cause fear and confusion among citizens who owe tax, but also have heard of the many tax scams currently going [...]

By | 2021-04-13T10:59:44-04:00 |Tax Collections, News, Tax Penalties|Comments Off on Collection Agencies Will Now Be Helping The IRS Collect Back Taxes

Dangerous Traps for Tax Return Preparers

Originally published at AVVO.com Millions of tax returns are filed each year by return preparers, including Certified Public Accountants, Enrolled Agents, franchised tax return companies, and small companies with unregulated preparers. All of them should know that there are a lot of penalties should they violate the IRS rules. Due Diligence Penalties The Internal Revenue [...]

By | 2021-04-13T11:00:03-04:00 |Tax Return Preparers, News, Tax Penalties|Comments Off on Dangerous Traps for Tax Return Preparers

I Need More Time to File My Federal Taxes

Fortunately for you, federal tax-filing extensions are pretty much automatic. Unfortunately for you, if you are seeking an extension because you owe taxes but don’t have the money to pay at the moment, you are required to pay on time. This is the case even when you request an extension to file your return. If [...]

By | 2018-03-16T21:28:11-04:00 |Tax Penalties|Comments Off on I Need More Time to File My Federal Taxes

Can I Stop an IRS Wage Garnishment?

When you owe the IRS money, the government has many tools at its disposal to collect that money from you. One of its most powerful tools is wage garnishment, in which the government notifies your employer to send the IRS a portion of your paycheck. If you’re facing wage garnishment, you can stop it in [...]

By | 2018-01-10T21:57:37-04:00 |Tax Penalties|Comments Off on Can I Stop an IRS Wage Garnishment?

Mediating an IRS Dispute

Sometimes the IRS makes mistakes. And when they do, you should fight to receive a fair and just result. Fortunately, the IRS has created an appeals process that involves negotiated settlement instead of litigation, which can save you time and money. However, you shouldn’t appeal any IRS decision without an experienced IRS tax lawyer by [...]

By | 2018-01-19T18:58:18-04:00 |Tax Collections, Tax Penalties|Comments Off on Mediating an IRS Dispute

Can I Ask the IRS to Reconsider an Audit?

Going through an audit is bad enough as is, but what happens if at the end of the process you think the IRS is wrong about how much you owe? Helpfully, a process exists to ask for reconsideration. You must carefully follow the correct steps to ask the IRS to take a fresh look at [...]

By | 2018-01-10T21:39:29-04:00 |Tax Collections, Tax Penalties|Comments Off on Can I Ask the IRS to Reconsider an Audit?