Our staff of attorneys and professionals have spent years understanding the liability landscape, and are well armed to defend you from harm’s way.
Getting a letter from the IRS or State with an unexpected balance and immediate demand for payment can be challenging and intimidating.
Millions of individuals and businesses nationwide face tax liability issues everyday. Whether you have un-filed tax returns, a garnishment, bank levy, can’t meet your federal payroll deposits, or something else, rest assured we’ve seen it all. Our tax attorneys will roll up their sleeves, stop IRS collections fast, negotiate the amount owed, and put you in a winning position to succeed.
If you file a joint 1040, you and your spouse will be liable for 100% of any federal income or tax underpayment for that year. The IRS can potentially go after you to collect the entire unpaid balance, plus any interest and penalties even though you have since divorced. If you were unaware of a pre-existing tax debt, an IRS program exists to help remove spouses from the liability called the 'Innocent Spouse'. Ask us for more information about how this program works.
If you make withdrawal from a traditional defined contribution plan, you’ll have to pay regular income taxes on the money you withdraw -whether the money came from your contribution, dividends or capital gains.
The IRS will create returns called Substitute for returns in order to assess a tax balance against you based off your income without your credits or deductions. Our legal team will prepare the necessary returns and submit them for processing in order to correct these balances. Often this results in the tax amount being reduced or eliminated altogether.
If you are in business for yourself you are normally required to make estimated tax payments. Estimated tax is used to pay not only income tax, but other taxes such as self-employment tax and alternative minimum tax. If you do not pay enough taxes throughout the year you may be charged a penalty. Additionally, if you owe 941 business payroll tax you must get these quarterly payments filed accurately and on time to avoid business levies and vendor garnishments.