Tax shelters may seem like an appealing way to lower tax obligations, but participating in improper or abusive tax shelters can lead to serious penalties. The IRS enforces strict rules to discourage underpayment of taxes tied to these schemes. Accuracy-related...
Let Morgan Sebastian Law Help Solve Your Tax Problem
Tax Controversy
How are crypto assets taxed across different jurisdictions?
Taxing crypto assets poses a big challenge for governments around the world. Cryptocurrencies like Bitcoin and Ethereum are gaining popularity, but their decentralized nature and ability to cross borders make them hard to control. Understanding the tax rules for...
How innocent spouse relief affects future joint tax filings
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...
What to do when you receive a letter from the IRS
Receiving a letter from the IRS can evoke anxiety and confusion, often leaving taxpayers unsure of the reasons behind the correspondence and the appropriate actions to take. Understanding the various types of IRS notices and knowing how to respond effectively can...
The consequences of ignoring tax wage garnishment notices
Ignoring tax wage garnishment notices can lead to serious consequences that may affect your finances and credit. It is important to understand what these notices are and what happens if you choose to ignore them. What is a tax wage garnishment notice? A tax wage...
How to remove a wage garnishment in California
If you owe back taxes, the IRS may institute a wage garnishment to collect the debt, forcing your employer to send a portion of your paycheck to the government. Facing an IRS wage garnishment in California can feel daunting and leave you unable to manage financially....
How to start the Innocent Spouse Relief process in California
Dealing with tax controversies can be daunting, especially when one spouse finds themselves held responsible for the other's tax troubles. In California, there is a safety net for spouses who find themselves in financial hot water due to their partner's tax mistakes....
Could confusing tax laws land you in trouble?
According to CNET, the IRS audited only 0.4% of tax returns in 2022. Even though the chances of an audit are low, many people may still be at risk. Tax laws are notorious for their complexity and intricacy. The ever-evolving tax code, filled with numerous rules,...
How long does it take California tax debt to expire?
Taxes are not an area many people are savvy in. It is also not an area individuals generally enjoy pondering. Because of this and its potential for complexity, it is not uncommon for a person to make a simple mistake leading to the revealing of tax debt after filing...
Are you unknowingly committing tax fraud?
Taxpayers should strive to ensure that they do not unknowingly commit tax fraud. However, understanding what constitutes tax fraud can be complex, as it involves a range of actions or omissions that can deceive tax authorities. This article explores common scenarios...