our legal blog

Income Taxes and IRS Identity Theft

September 27, 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 CPA and Tax Attorney, if you think you are completely protected f... CONTINUE READING

How long can the IRS collect taxes you owe?

September 22, 2022 | Tax Relief

A question I often get from clients with a tax debt is how long can the IRS collect taxes you owe? IRS Statute of Limitations 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... CONTINUE READING

Does the IRS Tax Debt expire after 10 Years?

September 15, 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 taxes, you mu... 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

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 consequen... 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

Why Should You File Your Due Returns Now?

August 6, 2021 | Late Filed Returns

Why Should You File Your Due Returns Now? The Internal Revenue Service (IRS) sends one or more notices to you when you fail to file your tax returns on time. These notices contain detailed information about your past due returns and some guidelines that tell you what you need to do further to fill your due returns. If you get these notices from the IRS, then you should file your due returns as soon as possible ot... CONTINUE READING

When Should You Approach a NYS Tax Attorney?

May 25, 2021 | Tax Audits

When Should You Approach a NYS Tax Attorney? The Internal Revenue Service's, the New York State Tax Department and the NYC Department of Finance tax systems are very complicated and large, especially for those taxpayers who are filing their tax returns for the first time or who don't have enough knowledge, understanding, and experience in dealing with the IRS, NYS Tax Department or NYC Finance Department with tax matters when they have a tax problem. These are all very large organizati... CONTINUE READING