Is It Possible To Buy A House While You Have IRS Tax Debt?

Is It Possible To Buy A House While You Have IRS Tax Debt?

When you’re looking to purchase a home, several financial aspects will influence your decision, with one critical factor being whether you have outstanding taxes. The short answer is: “it depends.” The situation can become complicated, so consulting...
How Many Years Can You File Back Taxes?

How Many Years Can You File Back Taxes?

April 15 rarely tops anyone’s list of favorite days, but for tax attorneys like us at Austin & Larson Tax Resolution, it represents something much more important—a chance for a fresh financial start. It’s the culmination of months of preparation and hard...
Do You Have To Pay Taxes On Your Lottery Winnings?

Do You Have To Pay Taxes On Your Lottery Winnings?

Winning the lottery is an exciting event, but it’s essential to understand the tax implications that come with it. In most cases, lottery winnings are considered taxable income, which means you’ll need to pay taxes on the amount you receive. The specific tax...
How To Properly File Late Taxes For A Deceased Relative?

How To Properly File Late Taxes For A Deceased Relative?

When a loved one passes away, settling their final tax bill can become a necessary part of managing their estate. If their taxes were not filed before the deadline, you may need to file a late return on their behalf. Filing late taxes for someone who has passed away...
What Valuable Assets Can The IRS Seize For Tax Debt?

What Valuable Assets Can The IRS Seize For Tax Debt?

Dealing with tax debt can be challenging and stressful. If you owe money to the IRS and haven’t resolved your tax debt, you may worry about whether they have the authority to seize your assets. Knowing which assets the IRS can take is essential, especially for...
Filing Your Taxes Late

Filing Your Taxes Late

If you find yourself unable to meet the IRS tax filing deadline, don’t panic—there are ways to manage the situation. It’s important to understand the process of filing for a tax extension, the consequences of paying your taxes late, and what steps to take if...