hire-tax-attorney-saginaw-mi

Filing taxes for businesses and individuals can be a long and complicated process. Dealing with taxes can be stressful, but handling the fallout associated with an audit, a late filing, or an unpaid balance can be worse. Everyone can’t be an expert on taxes, but luckily you can hire someone that is. If you’re having trouble with back tax balances, unfiled returns, or want to ensure that next year’s filing goes well, you need to hire a tax attorney. Six Reasons To Hire A Tax Attorney Whether you’re a business owner with outstanding payroll taxes, or an individual struggling to pay back tax debt, having the help of a tax attorney can do wonders for you. You may wonder if an attorney is worth the cost, but if anything, most people can’t afford to not have an attorney. Curious about what a tax attorney can do for you? After you see how an attorney can help you, you’ll wonder why it took you so long… Read More

If you owe taxes to the IRS that you are unable to pay, it is very likely that you entered in to an IRS installment agreement to pay back the tax debt.  For many taxpayers, an IRS installment agreement is a no-fuss way to pay back their tax debt and get back on track with their tax obligations. However, changes in income, expenses, and life circumstances down the road can cause issues and lead to a situation where you are no longer able to pay your monthly installment agreement.  If you find yourself in a situation where you are no longer able to meet your ongoing installment agreement payments, there are things that you should know. One Time Skip The IRS generally allows a one-time payment skip without defaulting your installment agreement.  If you are having a rough month and missed your payment date, it does not mean that the IRS is automatically going to default your payment plan.  If you are still able to… Read More

Business Unfiled Returns; Business back taxes

Do You Owe Business Back Taxes? Do You Have Unfiled Business Returns? What Do You Need To Know About Business Taxes When Starting A Business? Business Taxes You have decided that it is time to go out on your own and start a business. You have created a plan on what you are going to do, how much you will charge, what it will cost you in expenses, and how much money you will make. However, have you thought about your tax obligations? Do you need to pay quarterly estimates? Are you responsible for payroll taxes? Will you have business taxes due to the State? Unemployment? Have you accounted for these expenses in your budget? Do you know what returns you will need to file and when they are due? Although taxes are not a fun or glamorous part of running a business, they are an essential part. Failure to properly plan for and pay your taxes may be the difference between your business succeeding… Read More

IRS TAx Levy; IRS wage garnishment

Finding out that the IRS has issued a tax levy or wage garnishment against your bank account or wages can be a terrifying discovery for any taxpayer.  How will you pay your bills?  How long is the levy going to last? Who do you contact to get the levy released?  Once a levy has been issued, time is of the essence in getting the levy released.  If a levy has been issued against your account, it is highly advisable to speak with a tax expert to determine what your resolution options are and to stop the IRS garnishment. There are many things that you need to know regarding how to stop an IRS levy.  One of the first things you need to know is that the IRS is not going to warn you that they are issuing a levy.  The IRS has a series of notices that it is required to send to a taxpayer before they can issue a levy.  However, once these notices… Read More

Posted on
Sep
27
, 2017
IRS Tax Lien; IRS Lien Release; Federal Tax Lien

If you owe back taxes to the IRS, chances are the IRS has issued a federal tax lien against you. An IRS tax lien can ruin your credit score and prevent you from buying, selling, or refinancing property. If you owe back taxes, there are things that you can do to prevent an IRS lien from being issued, or get an IRS lien release against an existing lien. 1. Avoid the IRS Tax Lien-Pay the Balance in Full The easiest way to deal with a lien is to avoid one in the first place. If you have the ability, pay off the tax in full. This will not only avoid the issuance of a lien, but will also substantially reduce the amount of interest and penalties that you would otherwise pay on the tax debt. 2. Avoid the IRS Tax Lien-Balances Under $50,000 If you owe the IRS less than $50,000, you can request a Direct Debit Installment Agreement. This agreement requires you to allow… Read More

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