Let Morgan Sebastian Law Help Solve Your Tax Problem
Whether you are running a vintage shop from your loft or consulting from your studio, your home office in California can be a major red flag during tax season. Claiming deductions for your workspace can trigger a tax audit from the Internal Revenue Service (IRS) and...
Receiving a letter from the Internal Revenue Service (IRS) or from the California Franchise Tax Board (FTB) can threaten your financial stability. The possibility that the IRS could garnish your wages, freeze your bank accounts or place a lien on your home can create...
Sorting through a loved one’s finances can feel overwhelming, especially when an IRS notice arrives after the death. A family member may wonder if the debt disappears, whether they personally owe it or what happens if no one knows which returns were filed. IRS debt...
If you have an outstanding federal debt, your ability to travel internationally may be at risk. The Internal Revenue Service (IRS) has the authority to trigger passport restrictions, sometimes faster than people expect. Federal tax debt and your passport The IRS can...
Missing a payment on your IRS installment agreement is a common obstacle that many taxpayers encounter, but it is one you can resolve with proper guidance. If you are a California taxpayer, you are working with agencies that follow very specific, systematic rules. As...
A tax audit can feel stressful. If you are anxious about the whole process, you may wonder how far it could go once authorities begin reviewing your tax filings. Knowing how an audit could escalate can help you understand the risks. This way, you can respond more...
Unlike before, cryptocurrency is no longer flying under the radar. The Internal Revenue Service (IRS) has made digital asset enforcement a priority and if you hold or trade cryptocurrency, it is worth knowing what could put you on the IRS's radar. What tools does the...
Installment agreements with the California Franchise Tax Board (FTB) let you spread state tax debt over monthly payments instead of paying a lump sum. These repayment plans may stop some collection activity while you pay, but you must meet reporting requirements and...
Foreign bank accounts can raise red flags with the IRS if your reporting does not line up with federal rules. FBAR requirements apply to many taxpayers, even when no tax is due. If the IRS questions your disclosures, you need to understand what caused the attention....
Tax debt can feel overwhelming when balances grow beyond what you can realistically pay. You may wonder whether the IRS allows any structured way to resolve that debt for less than the full amount owed. An Offer in Compromise (OIC) gives some taxpayers a lawful option...
