Let Morgan Sebastian Law Help Solve Your Tax Problem
Self-employed individuals face unique challenges when preparing for a potential audit. By staying proactive and organized, they can reduce the stress and risks of a tax audit. Maintain thorough documentation The most important aspect of preparing for an audit is...
Filing for innocent spouse relief can have a significant impact on your future joint tax filings. The IRS protects individuals from their spouse's tax errors, like unreported income, if they were unaware of the mistake. However, while this relief can be a financial...
When you owe a tax debt to the federal government, the IRS may place a tax lien on your property to secure payment. A tax lien can complicate your financial situation by affecting your ability to sell property, secure credit, or refinance. If you've partially paid...
Dealing with unfiled taxes can be daunting. The length of time the IRS can review your tax history, known as the statute of limitations, varies depending on several factors. Understanding the statute of limitations For most tax returns, the IRS has three years from...
Are you considering settling your IRS debt ahead of schedule? Many people find themselves in a situation where they owe taxes and opt for an installment agreement with the IRS to manage the repayment. However, circumstances can change, and you might want to clear that...
Dealing with the Internal Revenue Service (IRS) can be daunting, especially if it involves an audit. One common question many taxpayers have is about the extent of the IRS's reach into past tax years. Understanding how far back the IRS can audit can help taxpayers...
Navigating tax issues can be complex. The Offer in Compromise (OIC) program by the Internal Revenue Service (IRS) offers a potential solution for eligible taxpayers to settle their tax debts for less than the full amount owed. The acceptance of an OIC depends on...
Dealing with the IRS can be stressful, especially when penalties are involved. However, there is a provision called "penalty abatement" that can provide relief in certain circumstances. When dealing with the IRS, you must understand what penalty abatement is, when you...
Receiving a letter from the IRS about unpaid taxes can be unsettling and create a great deal of uncertainty. You might wonder about your options and whether you need to file a Collection Due Process (CDP) request in California. What is a collection due process...
The IRS has the authority to place a levy on your bank account if you owe back taxes, which allows them to seize funds directly from your account to cover the outstanding debt. Understanding the mechanics of bank levies and the steps required to release them is...
