Let Morgan Sebastian Law Help Solve Your Tax Problem
Married couples often file tax returns together. In fact, it is relatively common for one spouse to handle the process of preparing income tax returns, while the other simply signs the return. In such cases, the other spouse may have very little knowledge about the...
Missing the deadline to file your tax return can happen. Whether you forgot about it, didn’t finish your return on time, the situation can be remedied. Below are some important points to consider. You should still file The first step is to file your tax return as soon...
When people estimate their income taxes, they can easily fall short of their actual obligations. Annual income tax returns help reconcile the amount paid in advance with the actual tax liability of a person, household or business for the year. Income tax debts can...
Receiving the outcome of a state or federal tax audit can be overwhelming. Whether the audit was triggered by a reporting error or conducted at random, a taxpayer has the right to question the findings if they believe they are inaccurate. Challenging an audit result...
Living with tax debt can be overwhelming, especially when the numbers continue to grow, and there seems to be no end in sight. However, there is something many people may not know. Tax debt does not last forever. California tax debt has a shelf life. While it is not...
If you receive a Statutory Notice of Deficiency (SNOD), you’ve likely received multiple notices already from the IRS that you owe back taxes – or at least they’ve been sent. SNODs are sent using certified mail, so they are more likely to get a taxpayer’s attention...
There are a lot of things that need to be handled when a person passes away. One that’s sometimes overlooked is the need to file the decedent’s final federal income tax return. Death doesn’t automatically cancel their obligation to the federal government. If a final...
Knowing that you owe the Internal Revenue Service (IRS) money is a stressful experience, particularly if they start the collections process. There are several ways that the IRS may work to get the money it’s due, one of which is a levy. A tax levy is a tool that...
Tax disputes can arise for various reasons, often stemming from misunderstandings or disagreements between taxpayers and the IRS. These conflicts can be stressful, but understanding the common causes can help prevent or address them more effectively. Misreporting...
Receiving a penalty from the California Franchise Tax Board (FTB) can be aggravating—especially when you believe it was issued in error. The state offers a formal process for disputing these assessments, giving you a legitimate opportunity to seek reduction or...
