Thinking of Not Filing Your Tax Return? Why That’s Not a Good Idea!

With all that’s going on in the world, the negative impact on businesses and the layoffs of W-2 workers, it can be tempting to put off filing your taxes, particularly if you will owe taxes. In the best of times, most taxpayers dread the tedious task of

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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 records, tax documents and

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Dallas TX – Handling Your Taxes in Times of Financial Crisis

Whether it is a global pandemic shutting the economy down for months on end, a stock market crash that leaves formerly giddy investors frightened and nervous or a housing crisis that makes real estate a risky bet, living through tough economic times is never easy. Even so,

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Dallas TX – IRS Levy Relief!

The IRS is certainly amongst the most powerful creditors in the world. They have several tools at their disposal to collect delinquent taxes. The tool that gets the quickest attention of a taxpayer who owes taxes is the Levy. When taxpayers with an IRS levy come to our Richardson TX

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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

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Plano TX – The Stimulus Payments. What are They and Who Qualifies?

Over the next week or two, I hope to write several blogs about the CARES ACT. The Cares Act was passed by Congress and signed into law by the President on March 27th. It contains a number of initiatives, with the goal of providing financial relief, to

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Have IRS Debt? Learn about changes in IRS Due to the Coronavirus!

Yesterday (March 25th, 2020) the IRS announced a People First Initiative, where the IRS announced that their priority would be helping taxpayers through uncertain times versus collection actions. These would include providing various payments relief and postponing taking compliance actions. What are some of these changes? Have an Installment

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Plano TX – Under Threat of an IRS Levy? Here’s what the IRS CAN’T take.

When a Taxpayer owes income taxes to the federal government, the IRS does not immediately levy the taxpayer and take everything that they own. The IRS will typically send the taxpayer a number of notices. If the taxpayer doesn’t respond, the IRS may send a “Notice of

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Uh Oh! The IRS Filed an NFTL on me. What Do I Do? Plano TX

The Notice of Federal Tax Lien (NFTL) is a very powerful tool of the IRS.  When taxpayers have tax debt, one of the most common reasons they come to our Richardson, TX tax office is due to a tax lien. I will often be asked if I can

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Plano TX – Unfiled Tax Returns? The IRS May Be Coming for a Visit Soon!

In an article I wrote a few weeks ago, we discussed why 2020 might be a good time to settle your tax debt. In that article, we discussed how the IRS had a reduction of resources over the past 10 years and how the tide had started

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