The IRS deadline to file your 2020 taxes approaching on May 17, 2021. Are you ready? Maybe, you are worried about paying your tax bill in full. Sound familiar? Here is what you need to know: File On Time Anyway Yes, you should file anyway. Why? If you owe taxes and do not file their [...]
While we are still in the middle of a pandemic, there is hope for more things opening up. In fact, you may be starting to plan for future trips. But, could your passport be at risk due to your IRS debt? What You Need to Know According to 26 USC 7345, if your IRS tax [...]
Are you considering filing for bankruptcy, but have been selected for a federal audit? You may not know if this is relevant to your case. It is. And, you will need to disclose this information to your attorney, whether the audit has been completed or is still pending. How to Prepare for Your Audit: Get [...]
The IRS filing deadline has been extended for your tax returns. This changes the date from April 15 to July 15, 2020. Remember, if you cannot file by the extended date, the IRS does offer extensions. Contact the IRS if you need an extension. The extension will also apply to tax payments, and you will [...]
Tax season is almost here and we want you to know the common errors that you should avoid when filing your taxes. Did you know that filing your tax return electronically can reduce errors? According to the IRS, the software will help you with the math, help you remember missing information, and even flag common [...]
If you have an expiring Individual Taxpayer Identification Number (ITIN), you will want to renew your number right away. Your number could be one of 2 million that will be expiring at the end of 2019. Renewing your ITIN number can help you to avoid tax refund delays next year. As we have previously discussed, [...]
Do you owe the IRS money? Are you unsure what to do? If so, you may be wondering how filing for bankruptcy can help. Your first step should be to make an appointment with a qualified bankruptcy attorney to hear about how bankruptcy can help your situation. Chapter 13 A Chapter 13 will enable you [...]
If you have unpaid tax debt, you are at risk of having the IRS place a levy. You should know that dealing with IRS tax debt is not the same as dealing with any other type of debt collector. The IRS has the power to recoup money without filing a lawsuit. Before an IRS tax [...]
