Let Morgan Sebastian Law Help Solve Your Tax Problem
The IRS' Offer in Compromise is a tax settlement agreement offered by the IRS. If you cannot pay your tax bill, you can apply to pay a specified, lower sum that the IRS agrees to. If you feel like you are drowning in tax debt, this is a way that you can get back on...
Dealing with the IRS can be stressful for everyone, but it becomes particularly stressful when you have to deal with a tax audit. During your tax audit, you will have to provide a variety of records. Understanding what the IRS expects from you can help you prepare for...
You do not have to agree with every decision that the IRS makes. The IRS can make mistakes; many people who file appeals against the IRS win their cases. If you want to file an appeal, it helps to know what to expect. What to do during the appeals process The appeals...
In the U.S., the tax system relies heavily on the idea that the government can tax all of your income. If a person attempts to hide income or commits fraud, it can result in a criminal investigation. While the IRS Criminal Investigation aims to maintain the integrity...
A tax audit can be an uncomfortable situation, but you still have rights during the process. The IRS has to treat you fairly and allow you certain accommodations. While it is your job to comply with requests and to be honest with the agents, you also need to stand up...
Your home is probably one of the more valuable assets you own. Indeed, according to Ramsey Services, the average sales price of a house in the Golden State is upwards of $600,000, which is more than $280,000 more than the national average. Owning a home gives you...
There are various issues that could cause difficulties for you in making your federal income tax payments. The Internal Revenue Service (IRS) can help resolve the debt through an Offer in Compromise, but can you qualify for this agreement? What it is An Offer in...
The process of auditing can be costly for the IRS. As a government agency, it relies on funding from the federal government to operate. When funding for the agency is low, it often leads the IRS to avoid auditing people making the most money. These higher earners pose...
Learning that the IRS wants to audit you is an overwhelming prospect. It is natural to feel concerned, but keep in mind that some audits result from random selection. Even if the IRS has questions about your tax return due to errors or oversights, there is no reason...
Filing a joint tax return as a married couple can offer you certain benefits. However, if you and your spouse decide to divorce, you may bear responsibility for paying any outstanding taxes or penalties. According to Benefits.gov, you may be eligible for innocent...
