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    our legal blog

    IRS Tax Audit Procedure- Selection, Notification, Examination, And Appeals

    October 1, 2022 | Tax Audits

    An Internal Revenue Service (IRS) tax audit is a review or examination of a taxpayer’s financial information and accounts to check if the reported information is correct as per the tax laws and regulations. It is processed by the IRS officers appointed by the government. In the IRS tax audit help, the IRS officers check and analyze every single detail of the financial information of taxpayers to find out if there is any incorrect informatio... CONTINUE READING

    Income Taxes and IRS Identity Theft

    October 1, 2022 | Tax Fraud

    With the recent Equifax Credit Bureau identity theft event, and many prior episodes of personal identifying information being stolen (Yahoo, etc) that appears to happening all the time now, I thought an article would be helpful on how your tax returns are affected by such events, and concrete steps you can take to protect yourself against IRS identity theft (and your parents if they are elderly). From my experience as a... CONTINUE READING

    How long can the IRS collect taxes you owe?

    October 1, 2022 | Tax Relief

    A question I often get from clients with a tax debt is how long can the IRS collect taxes you owe? There is a statute of limitations on collection of taxes, and it is generally 10 years. Once that time expires, you are free from the remaining unpaid tax debt and the IRS cannot collect from you unless they go to court and create a tax judgement which is rare. When I say generally they have 10 years to collect, there are a few issues on when the time clock starts, and what c... CONTINUE READING

    Does the IRS Tax Debt expire after 10 Years?

    October 1, 2022 | Tax Debt

    The short answer to this question is yes, the IRS tax debt does expire after 10 years. However, there are a few things you should know about this expiration date. The 10-year clock starts ticking from the date that the tax debt was initially assessed. So, if you owed taxes for the 2016 tax year, for example, but didn’t file the return until 2020, the 10-year clock would start ticking in 2020. In some cases, the IRS will file a substitute tax return, which would trigger the clock t... CONTINUE READING

    What Happens If You Can’t Afford to Pay Taxes?

    September 8, 2022 | Tax Compliance

    The goal of IRS and state tax agencies is to get the tax money that is owed to them. Toward this end, they offer programs to make it easier for people who can’t afford to pay their taxes in a single lump sum to be able to pay what they owe. If this describes your situation, you may qualify for such a program that will allow you to pay your full tax debt off over time or to pay less than you owe in taxes. Keep in mind, though, that even if you don’t have the money to pay your ta... CONTINUE READING

    Criminal Issues- Unfiled Tax Returns / Tax Fraud

    August 1, 2022 | Tax Audits

    Usually, the most panicked and upset clients call me and when they have not filed their tax returns in many years, and are extremely worried that by this inaction they will be arrested, or worse thrown in prison. Evading tax is a crime, but usually not failing to file a tax return. Therefore, criminal issues- unfiled tax returns is not a common occurrence. Occasionally, clients are audited for non-tax problems ( for example workman’s payment insurance, highway permits) by the IRS or State o... CONTINUE READING

    Can You Go to Jail for Not Paying Taxes?

    May 4, 2022 | Tax Compliance Tax Debt Tax Fraud Tax Penalties

    The short answer to the question of whether you can go to jail for not paying taxes is “yes.” Whether a person would actually go to jail for not paying their taxes depends upon all the details of their individual tax circumstances. Sometimes people make errors on their tax returns or are negligent in filing, but they are not intentionally trying to avoid paying taxes. It is a long-standing policy of the Internal Revenue Service (IRS) not to pursue prosecution of individuals who fai... CONTINUE READING

    Four Different Ways to Settle the IRS Tax Debts

    February 9, 2022 | Tax Debt

    Tax Debt SettlementNo taxpayer wants to get into the IRS tax debt and need a tax debt settlement. Still, every year thousands of taxpayers get into it due to different reasons. And once they get into it, their tax debts keep increasing day-by-day with the addition of penalties and interests. At some point, if the IRS tax debts are not paid, they get double and become an unwanted burden for the taxpayers. They have to pay this at any cost.... CONTINUE READING

    The Facts You Need to Know About Unfiled Taxes and Paying Penalties

    December 20, 2021 | Unfiled Tax returns

    The Facts You Need to Know About Unfiled Taxes and Paying Penalties For most IRS taxpayers, April 18, 2022, is the annual deadline for filing their federal income tax returns and other due taxes for the preceding financial year. It is very important for every taxpayer of the United States of America to file their tax returns before or on the annual deadline of filing tax returns as the consequences of late filing can be harsh for them. Many harsh penalti... CONTINUE READING

    Apply For Offer In Compromise to Settle Your Tax Debts

    September 13, 2021 | Offer in Compromise

    Apply For Offer In Compromise to Settle Your Tax Debts Tax debts are always an unwanted headache for taxpayers. They are a specific amount of tax that is payable to the Internal Revenue Service. They increase over time with the addition of interest and penalties. If they are not paid as soon as possible, they get double and that hurts more. Tax debts are due to not paying taxes by the deadline. And this happens due to many different reasons such as inability to pay taxes, fa... CONTINUE READING

    NY State Tax Warrant: What to Expect and How to Resolve

    What Is a Tax Warrant in NY? How to Resolve New York Tax Liens The New York Department of Taxation and Finance (NYS DTF) can file a tax warrant against you if you have delinquent income tax, sales tax, or other N...