http://getirshelpow.com A question was asked whether a Notice of Federal Tax Lien will be released in a tax bankruptcy where the taxes were discharged and th...
http://www.youtube.com/watch?v=eHpucsOs8J0
Tuesday, January 14, 2014
Friday, January 10, 2014
Welcome to the GetIRSHelpNow YouTube Channel
Welcome to the GetIRSHelpNow YouTube Channel Welcome to the GetIRSHelpNow Youtube Channel - do you have specific questions that you d like answered in a video? Ask away at questions@getirshelp.com. From: Get IRS Help Now Views: 0 0 ratings Time: 01:43 More in Howto & Style
http://www.youtube.com/watch?v=H_cvG98-amw&feature=youtube_gdata
http://www.youtube.com/watch?v=H_cvG98-amw&feature=youtube_gdata
Tampa Tax Attorney comments on 2014 Annual Taxpayer Advocate's Report to Congress
Tampa Tax Attorney comments on 2014 Annual Taxpayer Advocate s Report to Congress In this video, Tampa Tax Attorney, Darrin Mish comments on Nina Olsen s annual report to Congress. As the Taxpayer Advocate, Olsen s job is to look out for taxpayers and act as a liason between... From: Get IRS Help Now Views: 0 0 ratings Time: 00:00 More in Entertainment
http://www.youtube.com/watch?v=2R0BrUFlaLI&feature=youtube_gdata
http://www.youtube.com/watch?v=2R0BrUFlaLI&feature=youtube_gdata
Sunday, July 27, 2008
Fix Your Tax Withholding and Ultimately Pay the Right Amount
Because you do not want to end up having to pay the IRS money at tax time, selecting the amount to withhold in your W-4 worksheet can be hard. You also do not wish to get a large tax refund if you are smart because that means you let the government borrow your money sans interest. There is a tiny window where when you fix your tax withholding correctly, you maximize your tax paying efficiency and maybe even pay less than you typically would have to pay.
A big tax reimbursement isn't a positive situation, though you may believe so. You could be putting the same amount of money that you're loaning the government minus interest to an interest-bearing savings account. Adding up the portions deducated from your paycheck each month becomes a substantial amount.
You should only need to pay what you owe in taxes. As your exemptions might change within the year, regularly reviewing them makes sure that your tax withholding is right. To give you time to make alterations, early November is a good time to accomplish this. When you have filed your tax return, check your tax withholding again and make sure your tax record is up-to-date.
Make sure that you are not under or overpaying taxes to avoid IRS problems. If you're changing your dependents, having a child, or getting divorced or married, review the amounts of your tax withholding.
You can easily steer clear of having to pay the IRS a considerable sum of money by properly filling out your W-4 worksheet. If you take the effort to properly fill out the withholding amount, it is must easier than it seems initially.
Basing on your particular case, it may be advantageous to consult your withholding levels with a tax preparer. Even if you have already filled out the W-4 worksheet at your present job, you can always alter the withholding amount and update it many times a year. You want to make sure that you only pay what you owe to the IRS, so check the amount of your tax withholding if you get promoted or change to a lower paying job. You will avoid a big IRS issue by accomplishing so.
A big tax reimbursement isn't a positive situation, though you may believe so. You could be putting the same amount of money that you're loaning the government minus interest to an interest-bearing savings account. Adding up the portions deducated from your paycheck each month becomes a substantial amount.
You should only need to pay what you owe in taxes. As your exemptions might change within the year, regularly reviewing them makes sure that your tax withholding is right. To give you time to make alterations, early November is a good time to accomplish this. When you have filed your tax return, check your tax withholding again and make sure your tax record is up-to-date.
Make sure that you are not under or overpaying taxes to avoid IRS problems. If you're changing your dependents, having a child, or getting divorced or married, review the amounts of your tax withholding.
You can easily steer clear of having to pay the IRS a considerable sum of money by properly filling out your W-4 worksheet. If you take the effort to properly fill out the withholding amount, it is must easier than it seems initially.
Basing on your particular case, it may be advantageous to consult your withholding levels with a tax preparer. Even if you have already filled out the W-4 worksheet at your present job, you can always alter the withholding amount and update it many times a year. You want to make sure that you only pay what you owe to the IRS, so check the amount of your tax withholding if you get promoted or change to a lower paying job. You will avoid a big IRS issue by accomplishing so.
Thursday, July 24, 2008
How To Address Wage Garnishment By The IRS
Your employer has no choice but to directly give a part of your paycheck to the Internal Revenue Service if he receives a notification that you are under wage garnishment. It's absolutely as bad as it looks since you'll not see that money.
How much do they take? Incredibly, the national average that's usually removed for an IRS wage levy is 80-85% of the net pay. You will just be taking home $200 from your $1000 paycheck. It is a drastic measure when your wages are garnished by the IRS.
Depending on your particular situation, you may be able to get the IRS wage garnishment released. It is best to work with a tax attorney or other tax professionals who are experts in these cases and can offer quality counsel.
Similar to all aspects of the IRS, there are very specific laws and guidelines relevant to an IRS levy being released and your wage garnishments being ceased. IRS employees need to adhere to strict guidelines before they process any cases, or else face severe job punishments. Whether the IRS is telling you the truth that no other options are available or simply giving you the runaround can be assessed by a tax professional who's experienced. The IRS usually simply doesn't want to help taxpayers.
When the IRS garnishes your wages, they wish to be able to collect and deduct from you as much money as possible and in the shortest amount of time. This is each IRS officer's task. Though numerous people who work in the IRS are very nice and polite, they all have that underlying and fundamental job factor which can ultimately ruin your life.
A tax professional such as a tax lawyer who has a successful track record in dealing with IRS wage garnishments and is familiar with the guidelines set by the IRS is who you need. This way, you're sure that your case goes through the proper channels and that the IRS follows their own guidelines.
Lastly, do you work well with your tax lawyer? You must choose somebody who you can comfortably work with. While there are cases where the proceedings are relatively short, there are other situations where it takes quite a bit of time. You really require someone who you can work with easily, or else you will simply make things worse by having employed a tax professional who's difficult to work with.
How much do they take? Incredibly, the national average that's usually removed for an IRS wage levy is 80-85% of the net pay. You will just be taking home $200 from your $1000 paycheck. It is a drastic measure when your wages are garnished by the IRS.
Depending on your particular situation, you may be able to get the IRS wage garnishment released. It is best to work with a tax attorney or other tax professionals who are experts in these cases and can offer quality counsel.
Similar to all aspects of the IRS, there are very specific laws and guidelines relevant to an IRS levy being released and your wage garnishments being ceased. IRS employees need to adhere to strict guidelines before they process any cases, or else face severe job punishments. Whether the IRS is telling you the truth that no other options are available or simply giving you the runaround can be assessed by a tax professional who's experienced. The IRS usually simply doesn't want to help taxpayers.
When the IRS garnishes your wages, they wish to be able to collect and deduct from you as much money as possible and in the shortest amount of time. This is each IRS officer's task. Though numerous people who work in the IRS are very nice and polite, they all have that underlying and fundamental job factor which can ultimately ruin your life.
A tax professional such as a tax lawyer who has a successful track record in dealing with IRS wage garnishments and is familiar with the guidelines set by the IRS is who you need. This way, you're sure that your case goes through the proper channels and that the IRS follows their own guidelines.
Lastly, do you work well with your tax lawyer? You must choose somebody who you can comfortably work with. While there are cases where the proceedings are relatively short, there are other situations where it takes quite a bit of time. You really require someone who you can work with easily, or else you will simply make things worse by having employed a tax professional who's difficult to work with.
Monday, July 21, 2008
The IRS's 1099 Bank Garnishment of Salary
Because creditors take payments direct from paychecks, wage garnishment is a serious situation for people in debt. People can get their wage garnished for a score of reasons.
When a verdict has been arrived at the defendant, salary garnishment happens. The defendant's paycheck is garnished as a result. This means that to pay the plaintiff or creditor, money is directly taken from the paycheck or other income sources. Here are some common reasons that wages are garnished:
*
* Credit card debt.
* Child support is required.
* Court fines unpaid.
* Taxes are unpaid.
* Defaulted student loans.
* Other monetary dues.
Garnishment is maintained by federal law at twenty-five percent and varies from state to state. Some states allow garnishments of lower amounts, while states such as Texas, South and North Carolina, and Pennsylvania do not allow garnishment. The specific heirarchy for garnishments to be taken when income is insufficient is federal first, state second, and credit cards last.
The IRS procedure that has to be followed when garnishing salary are:
*
* A Notice or Demand for Payment should be served.
* At least thirty days before garnishment, a Final Notice is served. Plenty of people don't know their salary will be garnished because these do not need to be delivered in person and usually not received.
* Unless other payment deals are decided, salary is garnished until debt is paid in full. Garnishment can't be declined.
To declare income to the IRS, companies that hire freelancers or independent contractors have to file a 1099 form. Taxes are computed by the 1099 contractors themselves.
When wages are garnished, the settlement has to be collected out of an employee's paycheck by the employer. With freelancers or private contractors, employers aren't responsible to do so. The contractor's accounts receivable or bank account are levied by the credit, rather than the salary being garnished.
When a bank account is levied, the IRS and other creditors can freeze and seize money from it. This can be practiced unless the debt is resolved.
Salary garnishment or bank levies are tough matters. Before debt gets beyond control, seek IRS help from a seasoned tax lawyer like Darrin T. Mish.
When a verdict has been arrived at the defendant, salary garnishment happens. The defendant's paycheck is garnished as a result. This means that to pay the plaintiff or creditor, money is directly taken from the paycheck or other income sources. Here are some common reasons that wages are garnished:
*
* Credit card debt.
* Child support is required.
* Court fines unpaid.
* Taxes are unpaid.
* Defaulted student loans.
* Other monetary dues.
Garnishment is maintained by federal law at twenty-five percent and varies from state to state. Some states allow garnishments of lower amounts, while states such as Texas, South and North Carolina, and Pennsylvania do not allow garnishment. The specific heirarchy for garnishments to be taken when income is insufficient is federal first, state second, and credit cards last.
The IRS procedure that has to be followed when garnishing salary are:
*
* A Notice or Demand for Payment should be served.
* At least thirty days before garnishment, a Final Notice is served. Plenty of people don't know their salary will be garnished because these do not need to be delivered in person and usually not received.
* Unless other payment deals are decided, salary is garnished until debt is paid in full. Garnishment can't be declined.
To declare income to the IRS, companies that hire freelancers or independent contractors have to file a 1099 form. Taxes are computed by the 1099 contractors themselves.
When wages are garnished, the settlement has to be collected out of an employee's paycheck by the employer. With freelancers or private contractors, employers aren't responsible to do so. The contractor's accounts receivable or bank account are levied by the credit, rather than the salary being garnished.
When a bank account is levied, the IRS and other creditors can freeze and seize money from it. This can be practiced unless the debt is resolved.
Salary garnishment or bank levies are tough matters. Before debt gets beyond control, seek IRS help from a seasoned tax lawyer like Darrin T. Mish.
Friday, July 18, 2008
Everything On IRS Levies
An IRS levy is a serious punishment to many common IRS problems like late payment of taxes. To be able to satisfy a taxpayer's unpaid penalty or debt, the IRS may empty bank accounts, seize property, or garnish wages with a levy. Your house, your car, retirement accounts, and even rental income may all be levied by the IRS. To avoid these drastic and financially crippling scenarios, you need to act immediately upon receipt of a Levy Notice.
The first step to preventing a levy is to get the help of a tax attorney. You must reveal any settlement notices received from the IRS when you consult with the lawyer. Before being issued the Levy Notice, the IRS often issues a Demand for Payment statement to the taxpayer. Why this Demand for Payment wasn't settled will need to be justified. There are several valid causes for this, including IRS processing errors, financial hardship, or bankruptcy, but you should present documentation that effectively shows why the taxes or penalties have gone unpaid.
A Collection Due Process hearing can be requested at the IRS Office of Appeals in your area within thirty days after you receive the IRS Levy Notice. You should get ready for the hearing if advised to do so by your tax lawyer. If the levy is the outcome of an IRS error, you'll still have to attend the hearing to justify the case and present evidence that your taxes were settled and the IRS has, in fact, committed a mistake. This is an unfortunately common problem, but many citizens fall prey to unfair wage and property levies when they ignore the IRS Levy Notice.
There are several situations which will prevent the IRS from enforcing a levy. Making the IRS Office of Appeals aware of these situations is your obligation. If you've filed for bankruptcy, the IRS can't subject you to a levy. Similarly, if you've paid the unpaid amount prior to or immediately following the Levy Notice, you should not be levied. One loophole to stop an IRS levy that most people are unaware of is the statute of limitations. The IRS is stopped from collecting taxes assessed over 10 years ago by the statute of limitations. You're exempt from paying penalties and taxes and the levy if the collection period of the tax expired before your IRS Levy Notice was mailed.
You can work out an installment option with the Office of Appeals at the Collection Due Process hearing. Rather than getting your bank account levied or your wages garnished by the IRS, this is indeed a better choice.
An IRS levy will continue until it's officially released, your debt is settled, or you meet the statute of limitations and the IRS can no longer collect those taxes. If your bank account was erroneously levied as a result of an IRS error, the IRS will reimburse your bank fees. To qualify, you should file for refund within 30 days.
Ignoring a Levy Notice will only increase your IRS problems. It's better to seek help right away to protect your assets.
The first step to preventing a levy is to get the help of a tax attorney. You must reveal any settlement notices received from the IRS when you consult with the lawyer. Before being issued the Levy Notice, the IRS often issues a Demand for Payment statement to the taxpayer. Why this Demand for Payment wasn't settled will need to be justified. There are several valid causes for this, including IRS processing errors, financial hardship, or bankruptcy, but you should present documentation that effectively shows why the taxes or penalties have gone unpaid.
A Collection Due Process hearing can be requested at the IRS Office of Appeals in your area within thirty days after you receive the IRS Levy Notice. You should get ready for the hearing if advised to do so by your tax lawyer. If the levy is the outcome of an IRS error, you'll still have to attend the hearing to justify the case and present evidence that your taxes were settled and the IRS has, in fact, committed a mistake. This is an unfortunately common problem, but many citizens fall prey to unfair wage and property levies when they ignore the IRS Levy Notice.
There are several situations which will prevent the IRS from enforcing a levy. Making the IRS Office of Appeals aware of these situations is your obligation. If you've filed for bankruptcy, the IRS can't subject you to a levy. Similarly, if you've paid the unpaid amount prior to or immediately following the Levy Notice, you should not be levied. One loophole to stop an IRS levy that most people are unaware of is the statute of limitations. The IRS is stopped from collecting taxes assessed over 10 years ago by the statute of limitations. You're exempt from paying penalties and taxes and the levy if the collection period of the tax expired before your IRS Levy Notice was mailed.
You can work out an installment option with the Office of Appeals at the Collection Due Process hearing. Rather than getting your bank account levied or your wages garnished by the IRS, this is indeed a better choice.
An IRS levy will continue until it's officially released, your debt is settled, or you meet the statute of limitations and the IRS can no longer collect those taxes. If your bank account was erroneously levied as a result of an IRS error, the IRS will reimburse your bank fees. To qualify, you should file for refund within 30 days.
Ignoring a Levy Notice will only increase your IRS problems. It's better to seek help right away to protect your assets.
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