Being contacted by the IRS can be extraordinarily stressful, especially if they plan to audit you or if you’ve been accused of significantly underpaying your taxes. It may seem like the notice you receive can be easily pushed aside and dealt with later, but don’t...
Firm News
Streamers Beware! Streaming Platform Could Cause Overreporting of Income
Our client was a well-known streamer on the Twitch platform. The IRS issued a Notice of Deficiency against her for 2017 claiming she owed $16,524 in unpaid taxes, plus an accuracy penalty of $4,443, for underreported income. The IRS believed that our client had failed...
Digging Out of Tax Liabilities Resulting from 10 Years of Non-Filing
Personal Tragedy Can be a Defense Against IRS Penalties
Our client owned two successful companies that provided jobs for many and a steady income for our client and his family. He came to our office after being contacted by a local IRS Revenue Officer attempting to collect past due penalties - in excess of $627,000 - for...
Daunting Numbers-Persistence Pays Off
Owing over $250,000 to the IRS can be daunting, but at David Coffin PLLC, our attorneys strive for the best resolution possible for each client. We take a team approach with our clients, who often are struggling to make ends meet. Recently, one of our clients was...
Favorable Results – Offer in Compromise in a Community Property State
We did not believe this was a correct result, so we reached out to upper-level managers in the IRS who had the appeal reopened and reassigned to Appeals in Houston. The Houston appeals officer referred the community property issue to IRS counsel, who agreed with us and accepted the offer amount of $1,175 for the $145k tax debt, or less than 1% of the tax liability.
The IRS releases report about criminal investigations
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...
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...
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...