Tax Liens And Audits

In Texas, various challenges can arise during a construction project, leading to conflict and disputes among the involved parties. If not resolved, disputes can escalate, disrupt the project, and cause additional problems. What started as a simple dispute can escalate...

The 2020 tax season has officially begun. As we do each year, we take time to recognize different scams that victimize taxpayers. One that the IRS recently highlighted is about the so-called “ghost preparer.” These are unscrupulous tax preparers who will...

The IRS issued a list of 12 common tax scams in 2019. Now, as we enter the second tax season under the Tax Cuts and Jobs Act, the scams and gambits will change some, but tax preparer fraud will likely remain on the list in 2020. As is the case whenever working with...

The end of the year is here, which means it is time for most Americans to begin preparing to file their 2019 income taxes. Of course, we have until midnight on April 15 to get it done without penalties, but waiting until the last minute adds expense and can lead to...

It is five weeks before taxpayers close the books on 2019. There is, of course, plenty of time to procrastinate before the April 15, 2020 filing deadline, but there are still steps to take in 2019 that can help lower the tax obligations or increase that return....

The Internal Revenue Service recently issued a new warning to tax professionals and taxpayers. In a new twist on an old trick, the fraudster threatens to cancel or suspend the victim's Social Security Number (SSN) if they do not pay their overdue tax bill. Initial...

Many embraced cryptocurrency because it had the potential to be a very lucrative investment. It also left few traces of financial activity. The Internal Revenue Service likes seeing records and accountability, so it is no surprise that it stepped in to levy taxes on...

There may be a variety of reasons why people do not file taxes. It can be a matter where the Internal Revenue Service owes them a refund and they chose not to file, at least before the April 15 deadline. There are, however, common reasons given each year by those not...

The Foreign Account Tax Compliance Act (FATCA) became law in 2010. It signaled a significant shift in tax obligation for foreign companies and workers doing business in the United States. In essence, it required businesses, financial institutions, banks, and certain...

The IRS has seemingly bent over backward this year in light of the significant overhaul to the tax code that applied for the first time. Now it announced that it is automatically waiving the estimated tax penalty to 400,000 eligible taxpayers who filed in 2019 (for...