The Internal Revenue Service often launches criminal investigations of those suspected of fraud or blatant tax evasion. The IRS understands some taxpayers may have difficulty meeting their obligations, which is why payment plans are available to those who file...
Year: 2021
Three common tax scams
Many taxpayers in Dallas/Fort-worth don't want to get in trouble with the IRS, so scammers take advantage. While scams can occur all year, they are more frequent during holidays and tax time. The IRS has a list of the "Dirty Dozen" top scams taxpayers should know...
How to negotiate an Offer of Compromise repayment plan with the IRS
Residents of Texas understand the importance of resolving tax debt, but things sometimes become challenging, and tax debt unintentionally builds. The burden of repayment can be scary, but the IRS wants taxpayers to know that the organization is open to compromise and...
How do you deal with an IRS audit?
Millions of tax returns undergo routine processing and the filers never face any scrutiny from the Internal Revenue Service. However, some tax returns receive closer examinations. Texas residents might feel surprised when an audit notice arrives in the mail. After the...
How does “currently not collectible” status work for the IRS?
Texas residents may not have to pay state taxes, but they could receive a significant bill from the Internal Revenue Service for federal taxes. Not everyone understands tax law or their responsibilities to pay their federal obligations, so they may amass substantial...
The basics of a CP3219A notice in Texas
The tax code is full of confusing terms, and it seems that they are always changing. If you have tax debt and the IRS is coming after you, then you may receive a CP3219A notice. What is it and how does it affect your taxes? What is a CP3219A notice? The CP3219A is a...
Are Texas independent contractors responsible for estimated taxes?
Working as an independent contractor could afford someone with many freedoms. Having the final say on a weekly schedule and no limits on earning potential bring forth potential upsides, but tax issues also arise. Self-employed persons, including independent...
How innocent spouse relief works in Texas
No matter how careful you are on your taxes, mistakes are bound to happen sometimes. For those with a spouse or ex-spouse, there's an even higher potential for reporting errors, which often bear serious financial consequences. Innocent spouse relief is a way of...
Classifying workers as employees or independent contractors
One of the primary options that Texas employers have in hiring workers is whether or not to make them company employees. Many companies contract with workers who effectively work for themselves in most respects. This is very common in the contemporary gig economy....
Unpaid payroll taxes and the Trust Fund Recovery Penalty
Payroll taxes provide funds that are used to fund federal programs like Medicare and Social Security, and they are deducted from workers’ paychecks and paid to the Internal Revenue Service. They are often referred to as trust fund taxes because employers hold the...