Dallas TX – 4 Mistakes That You Don’t Want To Make When Filing Your Income Taxes!

4 Mistakes That You Don’t Want to Make When Filing Your Taxes. (They Could Land You In Tax Trouble) It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into

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Plano Texas – How to Work With the IRS to Avoid an IRS Tax Levy

What is an IRS Tax Levy? Probably the most frequent reason that I have clients come into my Richardson, TX office related to IRS debt are when they are levied by the IRS.  An IRS levy permits the IRS to legally seize the taxpayer’s property, including garnishing wages, taking

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Dallas Texas – Who Qualifies for IRS Tax Penalty Relief

Many clients who come into our Richardson TX office with Tax Problems, have tax penalties that are part of their IRS debt, and want to know how to remove them.  In some cases, it is possible to remove penalties for late filing and payment.  Today, we’ll discuss

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How Early Adopters of Cryptocurrency May Face IRS Tax Problems

The stunning rise in the value of Bitcoin, along with the myriad of cryptocurrencies, is surely one of the biggest financial stories of the 21st century, at least so far. What started out as a mere curiosity and niche project for programmers and geeks has quickly blossomed

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Our YouTube Video On What To Do If You Receive a CP2000 Notice

Our YouTube Video On What To Do If You Receive a CP2000 Notice

I wanted to share our most popular You Tube Video which is What is a CP2000 Notice and What To Do If You Receive One.  As a summary, a typical IRS audit today is a Correspondence Audit, which is typically completed primarily by mail.  Taxpayers may receive

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Dallas – What To Do to Remove a Payroll Levy from the IRS

Our Richardson, TX tax firm frequently represents taxpayers in the DFW area, as well as other areas of Texas, who have had the IRS levy or garnish their wages through their employer.  Because this can account for a substantial portion of a taxpayer’s paycheck, it can create

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Should I File My Tax Return if I Can’t Pay the Tax Owed?

I have taxpayers call or come into my Richardson, TX tax office asking if they should file their tax return if they believe they will owe the government but can’t pay the tax.  Although I understand their apprehension of filing the return, my response is always that

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Garland TX – What Does a CP504 Notice From the IRS Really Mean?

If you’ve received a CP504 Notice from the IRS, it will most likely look very scary to you.  It is typically sent by Certified Mail and states Notice of Intent to seize (levy) your property or rights to property.  While it is important to respond to this

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Why You Should File Your Income Tax Return Even If You Owe the IRS

For the personal returns of taxpayers, the IRS gives taxpayers until April 15th to file their tax return. However, if a taxpayer cannot file timely, by submitting IRS Form 4868, they are granted an extension to file their return until October 15th. Before we go further, I

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