It is possible to lose your wages to your creditor, depending on the situation, through wage garnishment. Wage garnishment is when your employer withholds a portion of your wage in order to pay off your debt. Owing back taxes to the IRS is one of the reasons why your wages can be put at risk. However, even if your IRS problems result in wage garnishment, there are certain limits that must be respected. A wage garnishment lawyer is best placed to help you protect your rights when facing wage garnishment in Texas or any other place. Understanding IRS Wage Garnishment Laws In Texas When you owe m ..read more

According to the latest figures released by the U.S. Bureau of Labor Statistics (BLS), the number of self-employed people in the United States of America is over 9.6 million. Self-employed individuals generally work as a business, independent contractors, or freelancers. If you are one of them, you must understand how to handle your taxes each year to avoid IRS fines. The best way to ensure not falling prey to the IRS penalty trap is to have sound knowledge of the different tax slabs. If you live in Dallas, hiring our tax attorneys in Fort Worth, TX, can be a good place to start. Consulting a ..read more

The IRS Offers in Compromise program is a debt forgiveness initiative, allowing you to settle your tax debt for less than you owe and providing a fresh start. It, however, demands careful attention to detail and compliance with IRS guidelines. Due to the intricacies involved, seeking the assistance of a qualified tax attorney or tax lawyer who specializes in IRS debt relief programs is often beneficial. They can provide invaluable guidance and increase your chances of a successful OIC application. Continue reading as we provide a comprehensive checklist for the IRS Offers in Compromise applica ..read more

Dealing with tax issues and financial concerns often requires individuals and businesses in Fort Worth, TX, to seek the guidance of an IRS tax attorney. However, the unwelcome surprise of a Revenue Officer visit can disrupt even the best-laid plans. The good news is that the IRS has recently implemented significant rule changes aimed at reducing the stress and uncertainty associated with surprise visits by Revenue Officers. These recent changes provide taxpayers with more control and better access to the help of tax attorneys when they need it most. Let’s delve into these changes and explore t ..read more

In an era defined by digital innovation, the IRS has embarked on a transformative journey to modernize its operations and provide much-needed relief to taxpayers grappling with IRS penalties and interest. The IRS Paperless Processing Initiative, a groundbreaking shift from traditional paper-based processes to a digital frontier, promises to revolutionize how taxpayers interact with the agency. But who are the true beneficiaries of this forward-looking initiative, and how does it spell relief for those ensnared in a web of late tax payment penalties, filings, and other tax-related woes? In this ..read more

Facing an IRS tax lien can be daunting, especially when considering crucial financial decisions like selling or refinancing a property. Understanding the intricacies of an IRS lien and seeking IRS help with taxes is essential. If you find yourself grappling with such IRS problems in Dallas, the Law Offices of Nick Nemeth is here to assist. As an experienced Dallas tax attorney, we focus solely on tax lien assistance, IRS lien withdrawal, and more. In this blog, we delve into the question: “Is Refinancing or Selling Property Possible with an IRS Tax Lien in Place?” Our aim is to provide clarity ..read more

Most people will agree that there are few things quite as scary as getting into trouble with the IRS. Many taxpayers get into trouble for committing simple and avoidable mistakes on their tax returns. With some care and the right knowledge, you can avoid making mistakes on your tax returns that can come back to haunt you in the future. In today’s post, we’ll present guidelines to help with your tax returns. When Possible, File Electronically To guarantee the highest level of accuracy on your return, it is recommended to file electronically. The system used for filing online can significantly ..read more

As the tax season approaches, businesses should start planning their IRS payroll taxes. IRS payroll tax withholding, filing, and remittance can be challenging processes, but as a business owner, these tasks are essential. Most of the time, employers are required to deposit employment taxes and report them on a quarterly basis. Federal, state, and municipal income taxes, as well as the employee’s part of Social Security and Medicare taxes, are all covered under employment taxes that are withheld from employees’ paychecks. Federal and state unemployment taxes are also included, as well as the e ..read more

The IRS has strict wage garnishment laws to enforce debt collection on unpaid taxes, no matter whether we talk about Texas or any other state. Wage garnishments occur when you have an outstanding tax debt owed to the IRS and any other means of collecting the debt have not been achieved. Your employer receives a written notice from the IRS requesting a portion of your wages to satisfy your outstanding tax bill. By law, your employer must obey this request. There are ways to avoid or stop wage garnishments. If you receive a notice that you owe taxes,instead of wondering how much you have to owe ..read more

We all want a worry-free tax filing experience. And in truth, taxes are simple when you fulfill your taxpayer duties 100% perfectly, 100% of the time. The thing is that, for most of us, being perfect 24/7 is not reality. We are all prone to forgetfulness, procrastination, and external circumstances getting in the way. That means that we are all at risk of running into one, or a few, IRS tax problems during our lifetime. Understanding what these IRS problems are, why they arise, and how to resolve them is key to a stress-free tax experience! 4 Common IRS problems You owe the IRS penalties and ..read more