My IRS Team — Guide to Payroll Taxes: All You Need to Know. My IRS Team — Guide to Payroll Taxes: All You Need to Know. Myirsteam.kinja. Married couples who jointly file a tax return are together liable for their tax debts, including additions such as interests and penalties.
If your spouse is holding you responsible for tax that you should not be held accountable for, either by underreporting tax or some other way, you can turn to a few provisions to get relief from the problem. One of these IRS relief programs, whether you are in Dallas or Florida, is the innocent spouse relief. The IRS has devised the provision to help qualified applicants protect themselves from any back taxes, penalties and criminal prosecution, which are held accountable for due to their spouse. To give you more insight into the subject, here are four FAQs related to “Innocent Spouse Relief”. 1. IRS Tax Installment Agreement. IRS Tax Installment Agreement is a provision that enables financially-distressed taxpayers to pay their outstanding tax liabilities through monthly installments over a stipulated period.
If a taxpayer meets the minimum requirements and the IRS is convinced with their reasoning, it also leads to cessation of all collection efforts. Establishing an Installment Agreement also eliminates the possibility of wage garnishments, levies or other enforced collection practices. Usually, the IRS will not take any action against you if: Your installment agreement request is under considerationYour agreement is in effectYour installment agreement request has been rejected within the last 30 daysThe IRS is evaluating your appeal of a recent rejection or termination of an agreement How We Help We, at The Law Offices of Nick Nemeth, specialize in filing IRS installment agreement requests while considering all the dynamics at play to ensure you do not run the risk of defaulting on any future payments.
Nick Nemeth Law Firm - MyIRSteam. An offer in compromise (OIC) is an agreement between the IRS and taxpayers that allows eligible taxpayers, with unsettled tax dues, to pay off their dues for an amount less than the outstanding amount.
IRS Appeal Form, Process - MyIRSteam. If you aren’t satisfied with the IRS’ determination of your tax issue, you can appeal to the Office of Appeals – an independent organization that helps resolve tax disputes between the IRS and the taxpayers.
An independent body, the Office of Appeals, does not take sides and ensures both the parties involved – the IRS and the taxpayer – reach a mutually agreeable solution without having to appeal to the Tax Court. 6 Prerequisites for Successful Payroll Tax Negotiations. Paying taxes on time is a civic duty and any deviation can lead to undesirable consequences.
If you owe the government a payroll tax debt, the IRS (Internal Revenue Service) has a lot of tools to seek recourse, such as penalize you, take over your business, and seize your bank accounts. The only way to get out of such a problem is to face it head-on as soon as possible, but before you get to that point, here are a few prerequisites that must be followed to increase chances of success in your payroll tax negotiation. Read on. Must Read: Solving Payroll Tax Problems for Companies 1.
To begin the payroll negotiation process, it is imperative to file your payable tax returns without delay. 2. Once you are done filing unpaid tax returns, fulfill your current payroll tax obligations. 3. Business owners that owe taxes to the government but cannot pay immediately must file IRS Form 433-B. 6 Prerequisites for Successful Payroll Tax Negotiations. 5 Must Know Facts about an Offer in Compromise. If financial hardships are preventing you from settling unpaid taxes, an OIC or ‘Offer in Compromise’ settlement may be the best solution to your troubles.
Part of the IRS’s ‘fresh start initiative’, an OIC is an agreement between the IRS and a taxpayer, wherein the latter is allowed to pay less than their total outstanding dues. IRS Innocent Spouse Tax Relief. When a married taxpayer files a joint tax return to get the benefit of the filing status, the liability becomes joint and several.
Joint and several means that multiple parties can be held liable for the same event or act and responsible for all restitution required. The IRS not is required to enforce a collection action against a specific spouse first, even if the divorce decree states otherwise. Innocent Spouse Tax Relief alleviates the spouse who was unaware of understatement or underpayment of taxes. In order to file an innocent spouse request, one spouse is generally, but not always, required to prove that he or she had no actual knowledge or no reason to know of understatement or underpayment of tax liability.
Some reasons that may be considered justification for requesting Innocent Spouse are; forging of signature by other spouse, fear of asking for information in conjunction with spousal abuse, or denial of access to financial records. Dallas Tax Lawyer – MyIRSteam. As you know, seeing an unexpected envelope from the Internal Revenue Service in your mailbox triggers instant fear.
Spotting an IRS officer standing on your doorstep, as a result of your IRS problems can turn fear to total panic. The Internal Revenue Service has tremendous control and reach. If you ignore or can’t resolve your tax debt, the IRS can take possession of your property and assets, sometimes without ever stepping inside a courtroom. You can even end up in prison. Fortunately, you’re not alone. Access to information is one of the keys to getting ahead with the Internal Revenue Service.
Call us or complete the form to the right to schedule your FREE confidential consultation. Tax Attorney Nick Nemeth in Dallas & Fort Worth - MyIRSteam.