Category Archives for LARGE IRS TAX DEBTS

IRS switched strategies for pursuing the wealthy, but came up short

  • July 21, 2021

The Internal Revenue Service ended one strategy for examining high-income taxpayers in 2017 and switched to another strategy involving the IRS targeting the wealthy that brought in far less tax revenue

Read More

U.S. Treasury Announces New Cryptocurrency Tax Reporting Requirements

  • June 14, 2021

The Treasury Department announced that it is taking steps to crack down on cryptocurrency markets and transactions and said it will require any transfer worth $10,000 or more to be reported to the Internal

Read More

Biden Seeks $80 Billion to Bolster IRS, Tax Enforcement!

  • June 11, 2021

To frame this article in the proper context, the Biden administration and Congress are seeking to pump a lot of funding to the IRS, to increase enforcement against tax delinquency, among other things.

Read More

What To Do If You Receive Notification of an IRS Tax Lien

  • December 2, 2020

Notification of an IRS Tax Lien can be intimidating to process. But dealing with it doesn’t have to be. This is important to know: if you have a Federal Tax Lien filed against you, it’s important that

Read More

Is Tax Evasion Always a Felony?

  • November 2, 2020

A very common question that comes up in our tax legal defense work involves the term "tax evasion" and whether it is always considered a felony criminal offense.The short answer is, yes, tax evasion is

Read More

Can Bankruptcy Solve Tax Problems?

  • July 30, 2020

Bankruptcy may be a popular remedy for towering balances on credit cards, getting houses out of foreclosure, and eliminating enormous medical bills. But bankruptcy can be used for more than that; it can

Read More

What If You Can’t Afford to Pay the Taxes You Owe?

  • February 14, 2020

Maybe you've just finished preparing your tax return and you find that you owe the IRS a large sum, but you can’t afford to pay it. Are you going to jail? Probably not. The realization that you can’t

Read More

Choosing to File for Financial Hardship

  • January 10, 2020

When you're dealing with financial hardship, just making ends meet throughout the month is a challenge, and it's likely you wouldn't be able to add another payment into your budget. That said, when you

Read More

Avoid the Temptation of Tax Evasion

  • November 20, 2019

If you intentionally fail to pay taxes or underreport your taxable income, you could be charged with tax evasion. In order to be convicted of tax evasion, the IRS must show that you deliberately tried

Read More

Violating Federal Employment Tax Rules Brings Heavy Penalties!

  • November 19, 2019

And there are many ways to incur those penalties. Violating federal employment tax rules is very serious business – and not just for employers – employees will suffer as well.Both employers and employees

Read More
1 2 3 5