October 27th, 2020 → 8:31 am @ wreedcontentcustoms // No Comments
You were surprised to get a letter from the Internal Revenue Service. Even more surprising was that the IRS wanted to send out a revenue officer to talk to you. It’s not common for people to deal with these officers directly, but they could if the IRS finds that they cannot collect debts from you through the Automated Collection System.…
September 29th, 2020 → 5:56 pm @ gturnercontentcustoms // No Comments
If you owe the IRS money, it’s critical that you do whatever you can to make things right. One thing is for sure: The IRS won’t go away until you pay back every last cent that you owe. Depending on the circumstances, the IRS may garnish your wages as a means of collecting the money that you owe them. In…
August 10th, 2020 → 7:38 pm @ leah.noel@thomsonreuters.com // No Comments
If you are like most Americans, you may get a little creative in your efforts to reduce your tax obligations and maximize the percentage of your annual income that stays in your accounts. Unfortunately, if you underpay your taxes because you get a little too aggressive with your attempt to avoid taxes, you may receive a notice of deficiency from…
July 27th, 2020 → 9:08 pm @ Kristin Williams // No Comments
The last thing you want to receive in the mail is a notice of a tax audit from the IRS. The more you read, the more concerned you’ll become with your future. While this is a scary time in your life, it doesn’t have to be. There are steps you can take to better understand the process, how to protect…
The post How to best prepare for a tax audit appeared first on The Law Firm of Lance R. Drury.
July 27th, 2020 → 9:08 pm @ gturnercontentcustoms // No Comments
The last thing you want to receive in the mail is a notice of a tax audit from the IRS. The more you read, the more concerned you’ll become with your future. While this is a scary time in your life, it doesn’t have to be. There are steps you can take to better understand the process, how to protect…
July 6th, 2020 → 4:44 pm @ Kristin Williams // No Comments
When you owe money to the Internal Revenue Service, the worst thing you could do is ignore the bill. When you don’t make the necessary arrangements to settle your debt, the IRS may sell or seize your property. The IRS could take anything from you, like your: Home Wages Retirement accounts Boats Bank accounts Usually, people receive many notices and…
The post Don’t let the IRS levy your property: Get help appeared first on The Law Firm of Lance R. Drury.
July 6th, 2020 → 4:44 pm @ wreedcontentcustoms // No Comments
When you owe money to the Internal Revenue Service, the worst thing you could do is ignore the bill. When you don’t make the necessary arrangements to settle your debt, the IRS may sell or seize your property. The IRS could take anything from you, like your: Home Wages Retirement accounts Boats Bank accounts Usually, people receive many notices and…
June 26th, 2020 → 2:55 pm @ Kristin Williams // No Comments
Your work was going very well in the first part of the year, so you planned to take your profits and build up. Suddenly, your sales dropped off, and you were left barely scraping by. As tax time came around, you realized that you were self-employed and would need to come up with several more thousand dollars than you have.…
The post Don’t have enough for your taxes? Consider an installment plan appeared first on The Law Firm of Lance R. Drury.
June 26th, 2020 → 2:55 pm @ wreedcontentcustoms // No Comments
Your work was going very well in the first part of the year, so you planned to take your profits and build up. Suddenly, your sales dropped off, and you were left barely scraping by. As tax time came around, you realized that you were self-employed and would need to come up with several more thousand dollars than you have.…
May 28th, 2020 → 9:37 pm @ gturnercontentcustoms // No Comments
If you are like most Americans, you may get a little creative in your efforts to reduce your tax obligations and maximize the percentage of your annual income that stays in your accounts. Unfortunately, if you underpay your taxes because you get a little too aggressive with your attempt to avoid taxes, you may receive a notice of deficiency from…
