Let Morgan Sebastian Law Help Solve Your Tax Problem
Unpaid federal taxes can create serious financial pressure, and concerns about losing property often follow. Federal law gives the IRS authority to collect overdue taxes, but strict rules control when and how seizures happen. Knowing these limits helps you understand...
You may feel uncertain when you claim business losses because you recognize that certain patterns can prompt IRS scrutiny. Losses can support your return when they reflect legitimate business activity, but specific indicators can signal potential concerns. When you...
Getting a notice that your tax return is under audit can make anyone uneasy. You might even realize you made a mistake and wonder if you can fix it before the audit moves forward. In California, amending your return after receiving an audit notice is possible, but it...
Getting a rejection from the IRS after applying for a payment plan can feel discouraging. You may have counted on that plan to catch up on your tax balance and avoid collection actions. Fortunately, you still have options to resolve the situation and get back on...
Few things are more stressful than seeing your paycheck shrink because of an IRS wage garnishment. It can happen when you owe back taxes and don’t take steps to resolve the balance. Understanding why it happens and what you can do next helps you take control before...
Getting a tax audit notice can cause stress, especially if you don’t know what to expect. In California, you might face both a state and a federal audit. Although they sound similar, each follows its own set of rules. Knowing how they differ helps you prepare and...
When the IRS reviews your tax return, it does so through an audit. Not every audit looks the same. The IRS uses different methods depending on what information they need. Understanding the differences between correspondence, office, and field audits can help you know...
Income tax oversights and errors can cause financial devastation. The unpaid amount due to the Internal Revenue Service (IRS) can increase rapidly. The IRS assesses interest and also imposes fines for underpayment and late payment of taxes. Taxpayers might make the...
A lot of people tend to ignore what little “snail mail” they receive these days. One thing you should never ignore is a piece of mail from the IRS. Tossing it in the trash or shredding it isn’t going to make the problem go away. In many cases, it will only escalate,...
Cryptocurrency is no longer the niche interest that many once ignored. It has become a growing form of capital, with more people investing in digital currency every day. As more investors enter the market, the value of cryptocurrency continues to rise. In some cases,...
