What Happens When You Don’t File Your Tax Returns
Margolies Law Office Blog
by
1w ago
Not filing tax returns can lead to penalties, fines, and even legal action. Find out the consequences and how to resolve them effectively ..read more
Visit website
Everything You Need to Know About IRS Penalty Abatement
Margolies Law Office Blog
by
1w ago
Learn about IRS penalty abatement, eligibility criteria, and how to request relief from penalties effectively. Expert tips to save on tax penalties ..read more
Visit website
What is a Tax Lien and How Can You Remove It
Margolies Law Office Blog
by
1w ago
Discover what a tax lien is, how it affects your finances, and the steps to remove it. Get professional tips to resolve your tax lien issue ..read more
Visit website
How to Handle IRS Tax Issues: A Quick Guide for Small Businesses
Margolies Law Office Blog
by
1w ago
Learn how small businesses can effectively handle IRS tax issues with this quick, professional guide to simplify tax compliance and avoid penalties ..read more
Visit website
Navigating an IRS Audit: Tips and the Role of an Attorney
Margolies Law Office Blog
by
1y ago
Navigating an IRS Audit: Tips and the Role of an Attorney What is an IRS Audit? An IRS audit is a review or examination of an individual's or organization's accounts and financial information. This review ensures that information is reported correctly according to tax laws and that the reported amount of tax is accurate. Why Might You Be Audited? The reasons for an IRS audit can range from random selection to specific triggers. Common reasons include: Discrepancies between reported income and information on W-2s, 1099s, etc. High deductions in relation to income. Frequent losses reported ..read more
Visit website
Navigate IRS Installment Agreements with a Tax Attorney
Margolies Law Office Blog
by
1y ago
How can a tax attorney help you with an IRS installment agreement? Tax problems can arise from various circumstances, leaving many taxpayers feeling overwhelmed and unsure of how to proceed. This is where hiring a professional tax attorney can be invaluable, particularly when it comes to understanding and negotiating IRS installment agreements. Understanding IRS Installment Agreements An IRS installment agreement is a structured payment plan that allows taxpayers to repay their outstanding tax debt over time. This is typically used when an individual or business cannot pay the full amount o ..read more
Visit website
Navigating an IRS Audit: Tips and the Role of an Attorney
Margolies Law Office Blog
by
1y ago
Navigating an IRS Audit: Tips and the Role of an Attorney What is an IRS Audit? An IRS audit is a review or examination of an individual's or organization's accounts and financial information. This review ensures that information is reported correctly according to tax laws and that the reported amount of tax is accurate. Why Might You Be Audited? The reasons for an IRS audit can range from random selection to specific triggers. Common reasons include: Discrepancies between reported income and information on W-2s, 1099s, etc. High deductions in relation to income. Frequent losses reported ..read more
Visit website
Navigate IRS Installment Agreements with a Tax Attorney
Margolies Law Office Blog
by
1y ago
How can a tax attorney help you with an IRS installment agreement? Tax problems can arise from various circumstances, leaving many taxpayers feeling overwhelmed and unsure of how to proceed. This is where hiring a professional tax attorney can be invaluable, particularly when it comes to understanding and negotiating IRS installment agreements. Understanding IRS Installment Agreements An IRS installment agreement is a structured payment plan that allows taxpayers to repay their outstanding tax debt over time. This is typically used when an individual or business cannot pay the full amount o ..read more
Visit website
Understanding Your IRS Notice or Letter
Margolies Law Office Blog
by
1y ago
Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If you agree with the information, there is no need to contact us. If, when you search for your notice or letter using the Search on this page, it doesn't return a result, or you believe the notice or letter looks suspicious, contact the IRS at  800-829-1040 . If you determine the notice or letter is fraudulent, please follow the IRS assistor's guidance or visit our  Report Phish ing page for next steps.  If the letter turns out to be real, call a local IRS Atto ..read more
Visit website
IRS Helps Disabled
Margolies Law Office Blog
by
1y ago
Making a Request For Additional Assistance If you are a taxpayer with a disability who needs a reasonable accommodation, or you have limited English proficiency and require language assistance, inform the IRS employee that you are working with about your need for assistance. In addition, if you encounter an individual that volunteers or works at a LITC, VITA or TCE site, inform the individual about your need for a reasonable accommodation or language assistance. We encourage you to work with our employees, and volunteers or staff members within our assisted programs, for help with getting a ..read more
Visit website

Follow Margolies Law Office Blog on FeedSpot

Continue with Google
Continue with Apple
OR