Dallas TX – Have Tax Debt? 3 Alternatives to Bankruptcy Heavily in Debt.

If you are drowning in debt and working harder and harder to make ends meet, you may think a bankruptcy filing is the only way out, but that is not necessarily the case. Filing for bankruptcy is one solution, but it is a drastic step that should only be taken as a...

Dallas TX – IRS Collections Is Coming Back on July 15th. What You Should Do If You Owe Taxes.

2020 threw a huge wrench into everything and the IRS collections proceedings are no exception. With the tax deadline pushed until July 15th and a lot of the IRS closed under shelter at home orders due to COVID19, to the IRS being tasked with sending millions of...

Dallas TX – Why You Should File Your Taxes Timely

With the filing deadline moving from the traditional date of April 15th to July 15th because of the coronavirus pandemic, it can be tempting to put off filing your taxes for as long as possible. Most taxpayers dread the tedious task of compiling their financial...

Dallas TX – How to Effectively Solve Your IRS Problems

Did you know that there are approximately 20 million taxpayers that are either in some stage of the collection process with the IRS or are believed to be non-filers. This is expected to continue to increase in the current economic environment related to COVID-19....

Richardson TX – Have Payroll Tax Debt? It May Be Wise to Hire a Professional to Resolve Your Problem!

There are times that it makes sense for a taxpayer with IRS tax problems to face the IRS on their own.   If the tax debt is fairly small, it may cost more to hire a professional than to simply pay the IRS directly or set up a payment plan.  Other times, the taxpayer...

Richardson TX – Making Voluntary Payments to Reduce the Payroll Tax TFRP

As we in previous blogs, a priority of helping taxpayers who come into our Richardson TX, tax office with business Payroll Tax Debt, is avoiding or minimizing the impact of the Trust Fund Recovery (TFRP). When the IRS makes a TFRP assessment against an individual,...