Every year, tens of millions of taxpayers submit their returns to the Internal Revenue Service. Whether relying on an electronic submission or the traditional process of mailing a return, taxpayers may feel a hint of nervousness. No one wants an audit letter sent to...
Year: 2021
What is the Trust Fund Recovery Penalty?
Being charged with the duty of preparing payroll for a Texas business entity is an important task that should not be taken lightly. Most companies have a designated payroll clerk who will calculate wages and employment tax deductions, including Social Security and...
Is an offer in compromise an option for tax debt?
Getting into debt with the Internal Revenue Service potentially comes with numerous stressful problems. Attempts to budget a way to pay down the taxes owed could become incredibly challenging for financially struggling Texas residents. Thankfully, lawmakers long ago...
Is it possible to appeal an OIC rejection?
Millions of people find themselves owing money to the Internal Revenue Service. Thankfully, the tax code provides ways for taxpayers to address their debt. One process involves filing an offer in compromise, which is a type of settlement agreement. Things don't always...
Tips to avoid being audited in Texas
Being audited by the IRS can feel overwhelming, especially if you have never worked with the IRS in the past. If you are fearful of being audited personally or you worry about your business in the Fort Worth area, there are a few tips to minimize the risk of being...
Tax debt: Can a wage garnishment be released due to hardship?
Many people have debts but are able to make payment arrangements with their creditors. If not, the courts have to intervene and order a levy or wage garnishment. If this court order is causing you financial hardship, you may be eligible to request a release in Texas....
What is a CP2000 notice and how is it different from an audit?
A CP2000 is a notice sent to a taxpayer from the Internal Revenue Service (IRS) when the IRS has a mismatch of information about the taxpayer’s income. This mismatch occurs when the information reported by the taxpayer does not match with records sent to the IRS from...
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We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...