Author Archives: admin
Things to Do Before Considering Bankruptcy
Things to Do BEFORE Considering Bankruptcy Bankruptcy is at an all-time high in America. Many people have filed for bankruptcy because they feel they don’t have any other options. If you are considering bankruptcy, look at these items and see … Continue reading
Who Can I Trust With My IRS Tax Problems
Who can I trust with my IRS Tax Problems? In watching the news, we have seen that Ronnie Deutsch had been charged criminally, Tax Masters Has filed Bankruptcy and other firms that promise IRS Offer in Compromise settlements for “Pennies … Continue reading
Trust Fund Recovery Penalty
Trust Fund Recovery Penalty Employers have a responsibility to withhold income from their employees’ earnings and deposit those withholdings and employment tax with the Internal Revenue Service. These taxes are called trust fund taxes because you actually hold the employee’s … Continue reading
“Can I settle my taxes for Pennies on the Dollar?”
“Can I settle my IRS taxes for pennies on the dollar?” As a Tax Attorney, this is one of the most common questions I hear. The next most common question is “if I pay just the tax can I avoid … Continue reading
What You Should Know Regarding Retaining An IRS Tax Attorney
What You Should Know Regarding Retaining An IRS Tax Attorney The IRS announced in 2011 that it would ease rules on tax liens, so as to ease some of the financial burden of taxpayers. This may make the IRS sound … Continue reading
What Does It Mean To File An Offer In Compromise
What Does It Mean To File An Offer In Compromise OIC is a simple acronym that stands for “offer in compromise”. An offer in compromise refers to a type of agreement between the IRS and a taxpayer. When this type … Continue reading
Tax Help for Small Businesses
Tax Help for Small Businesses Almost everyone needs help with taxes at some point or another. Often obtaining tax help is a yearly event. Those involved with paying a self-employment tax, business owners or business partners can benefit greatly by … Continue reading
Tax Penalties Increase Liability Dramatically!
Tax Penalties Increase Liability Dramatically! Thinking about not filing your tax return because you don’t have the money to pay the tax liability? Don’t do that! The penalties for not filing are 5% per month for 5 months all by … Continue reading
WHY ARE SO MANY OFFERS IN COMPROMISE REJECTED?
WHY ARE SO MANY OFFERS IN COMPROMISE REJECTED? Recent statistics show that only about 20% of Offers in Compromise that are submitted are accepted. The rest are rejected. Why are so many OIC’s rejected? I believe that there are several … Continue reading
When are Taxes Dischargable in Bankruptcy
When are Taxes Dischargable in Bankruptcy This will provide an overview of bankruptcy discharge of taxes. It is important to learn the principles of tax discharge in bankruptcy if you represent clients with tax problems. This is a complicated area … Continue reading