Rod's Blog

There’s only one thing worse than getting a call from a friend or relative you’ve been trying to avoid, and that’s a call from the Internal Revenue Service telling you about the outstanding tax debt you currently owe. Understandably, most people freak out and their whole world feels like it’s collapsing on them. But it is important not to panic and remain calm. To help you navigate the difficult IRS calls, we’ve written up some steps for what to do if this happens to you.

A new year means new tax deadlines!! Here is just a list of the major tax dates and deadlines for 2019!! Mark them down on your calendar so you don't forget!

2019 is here and that means taxpayers and business owners need to start thinking about their taxes! The IRS is reminding employers and business owners of the January 31^st deadline to file wage statements and independent contractor forms. This tax deadline has not changed due to the recent tax reform and employers should make sure to have all statements and forms filed by the deadline.

An important tax deadline is coming up and missing it could cause you to collect some IRS penalties. 4th quarter estimated tax payments (ETP) are due Tuesday, January 15th. Estimated tax payments are a method of paying the tax on income that is not subject to withholding tax. This can include income from self-employment, business earnings, interest, rent, or other sources. The IRS requires these payments to be made quarterly. If you underpay your estimated tax payments, you will end up having to write a bigger check to the IRS when you file your tax return. If you overpay, you will receive the excess amount as a tax refund once you file. If this is your first time making an estimated tax payment or you aren’t sure if this applies to you, the process is simple.

Think your case is the worst case we've seen? Chances are, it's not. Our team of tax attorneys and tax accountants work on cases of all difficulties and are able to solve each case. For instance, in December our tax attorneys were able to put one business owner into Currently Not Collectible status saving him almost $100,000. Read more about how our tax lawyers are able to negotiate different tax settlements for our clients. 

Why You Should Hire an IRS Tax Attorney if You Owe Taxes

Owing taxes can be a tricky situation and dealing with the IRS can be scary and intimidating. Just like you wouldn’t  try to get a settlement for a car accident alone, you shouldn’t try to resolve your tax problems alone. An IRS tax attorney can not only communicate on your behalf with the IRS, they can help find tax debt solutions that work best for you and your situation.

Why You Should Hire an IRS Tax Attorney if You Owe Taxes

Owing taxes can be a tricky situation and dealing with the IRS can be scary and intimidating. Just like you wouldn’t go through a divorce alone or try to get a settlement for a car accident alone, you shouldn’t try to resolve your tax problems alone. An IRS tax attorney can not only communicate on your behalf with the IRS, they can help find tax debt solutions that work best for you and your situation.

As a taxpayer, each year you must file your federal tax return and see if you will owe taxes. You will typically owe taxes if you did not take enough taxes out of your paycheck or you were not making the necessary quarterly tax payments. One way you can lower the taxes you owe is through tax deductions and tax credits. Now both tax credits and tax deductions will lower the taxes you owe, but they are fundamentally different. Knowing the difference between the two is key when trying to figure out which ones to use to lower your tax liability.

The end of the year is usually the busiest time for taxpayers. You’re usually trying to get everything wrapped up and finished before the new year begins. One thing you should put on your list for the end of the year is to start calculating your taxes and if you will owe taxes when you file. If you find out you are going to owe taxes, there are some steps you can take to lower your tax liability. Tax planning is an important part of keeping your financials in line and can help you stay on track and make filing your tax return easier.

Tax Audits are one of the most terrifying things a taxpayer can endure. Most taxpayers don’t know what being audited by the IRS entails and usually don’t know what to do if they are audited. IRS audits can be confusing to most taxpayers as most don’t know what the IRS is looking for when they determine who to audit each year and what they are looking for when they perform the tax audit. Tax audits can be a long and exhaustive process that examines every aspect of your financial history for the tax year in question. The average taxpayer won’t be audited in their lifetime, but that doesn’t mean it won’t happen to you. The best way to help yourself in a tax audit is to know why and what a tax audit means and to get a tax attorney to help represent you. Here is the information you need to know if you are selected for a tax audit by the IRS. Finding tax audit help can be hard but knowing the facts can make it easier.