http://getishelpnow.com - in this video Tax Attorney Darrin Mish answers a specific question about Injured Spouse Relief and IRS Form 8379 - the answer is ap...
http://www.youtube.com/watch?v=0sVbMDqqRkA
Monday, January 13, 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
Ultimately Pay the Right Amount By Fixing Your Tax Withholding
At tax time, you do not wish to end up paying the IRS too much or too little. Filling out your W-4 form can be tricky, but if you adjust your tax withholding correctly, you will be maximizing your efficacy in paying taxes.
A large tax reimbursement isn't a positive situation, though you may believe so. You're basically loaning the government funds minus interest when you could be putting that money in a savings account that earns interest. The portion deducated from your paycheck may not seem like much, but when it all adds up, it is really a considerable amount.
What you wish to accomplish when determining on how much tax withholding you should have is to only pay exactly what you owe in taxes. Checking your exemptions is a good idea as your tax profile may shift throughout the year. So you have time to make changes by the end of the year, the first weeks of November is a good time to achieve this. This is really important if it seems as though you have not been withholding ample money from your paychecks. Also, to steer clear of an IRS issue, ensure you update your tax return after you file it.
Not being able to declare someone as dependent, getting divorced, bearing a child, or getting married are a few circumstances when you should review your withholding. To make sure you don't end up underpaying or overpaying the IRS and having an IRS issue, check the amounts of your tax withholding.
The W-4 worksheet is complicated to many people. It actually is easier than it looks. In fact, regardless of how hard you may believe that the W-4 form is, it's always worth it to take the time to properly select the proper amount of withholding. You don't want to end up having to pay the IRS a considerable sum because you accomplished it incorrectly. Situations like these occur often to many taxpayers, and it's really unfortunate, considering how easily it can be avoided.
Basing on your particular circumstance, it may be advantageous to discuss your withholding levels with a tax preparer. You can always update and change the withholding amount several times a year, even if you've already accomplished the W-4 at your current job. You want to ensure that you only pay what you owe to the IRS, so check the amount of your tax withholding if you get promoted or switch to a lower paying job. You'll steer clear of a huge IRS problem by accomplishing so.
A large tax reimbursement isn't a positive situation, though you may believe so. You're basically loaning the government funds minus interest when you could be putting that money in a savings account that earns interest. The portion deducated from your paycheck may not seem like much, but when it all adds up, it is really a considerable amount.
What you wish to accomplish when determining on how much tax withholding you should have is to only pay exactly what you owe in taxes. Checking your exemptions is a good idea as your tax profile may shift throughout the year. So you have time to make changes by the end of the year, the first weeks of November is a good time to achieve this. This is really important if it seems as though you have not been withholding ample money from your paychecks. Also, to steer clear of an IRS issue, ensure you update your tax return after you file it.
Not being able to declare someone as dependent, getting divorced, bearing a child, or getting married are a few circumstances when you should review your withholding. To make sure you don't end up underpaying or overpaying the IRS and having an IRS issue, check the amounts of your tax withholding.
The W-4 worksheet is complicated to many people. It actually is easier than it looks. In fact, regardless of how hard you may believe that the W-4 form is, it's always worth it to take the time to properly select the proper amount of withholding. You don't want to end up having to pay the IRS a considerable sum because you accomplished it incorrectly. Situations like these occur often to many taxpayers, and it's really unfortunate, considering how easily it can be avoided.
Basing on your particular circumstance, it may be advantageous to discuss your withholding levels with a tax preparer. You can always update and change the withholding amount several times a year, even if you've already accomplished the W-4 at your current job. You want to ensure that you only pay what you owe to the IRS, so check the amount of your tax withholding if you get promoted or switch to a lower paying job. You'll steer clear of a huge IRS problem by accomplishing so.
Thursday, July 24, 2008
How To Handle 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 gets a notice that you're under wage garnishment. You'll never see that money, making it as bad as it seems.
How significant of a fraction do they remove? Typically, 80-85% of your net wages is removed by the IRS in a levy. You'll only be bringing home $200 from your $1000 paycheck. It is a really drastic method that the IRS takes when they begin to garnish your wages.
Depending on your specific case, 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 situations and can offer quality advice.
Tax professionals will understand everything about levy rules. Whether you have options or not can be decided by them. Being helpful is one thing the IRS isn't famous for.
The IRS wishes to take money from you in the shortest possible time, that's why your wages are garnished. Basically, the argument can be made that this is really the job of every single person employed by the IRS. Although numerous employees who work in the IRS are very nice and polite, they all possess that underlying and basic job factor which can ultimately ruin your life.
You need a tax lawyer or any tax professional who are not merely familiar with the IRS guidelines, but also have a successful track record in dealing with the IRS regarding wage garnishments. You are positive that the IRS sticks to their own rules and your case goes through the proper channels this way.
Lastly, does it seem as though your tax attorney works well with you? You need to ensure that you choose somebody you can work with comfortably. Most proceedings take some time. You definitely need somebody who you can work with comfortably, or else you will only make things worse by having hired a tax professional who is difficult to work with.
How significant of a fraction do they remove? Typically, 80-85% of your net wages is removed by the IRS in a levy. You'll only be bringing home $200 from your $1000 paycheck. It is a really drastic method that the IRS takes when they begin to garnish your wages.
Depending on your specific case, 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 situations and can offer quality advice.
Tax professionals will understand everything about levy rules. Whether you have options or not can be decided by them. Being helpful is one thing the IRS isn't famous for.
The IRS wishes to take money from you in the shortest possible time, that's why your wages are garnished. Basically, the argument can be made that this is really the job of every single person employed by the IRS. Although numerous employees who work in the IRS are very nice and polite, they all possess that underlying and basic job factor which can ultimately ruin your life.
You need a tax lawyer or any tax professional who are not merely familiar with the IRS guidelines, but also have a successful track record in dealing with the IRS regarding wage garnishments. You are positive that the IRS sticks to their own rules and your case goes through the proper channels this way.
Lastly, does it seem as though your tax attorney works well with you? You need to ensure that you choose somebody you can work with comfortably. Most proceedings take some time. You definitely need somebody who you can work with comfortably, or else you will only make things worse by having hired a tax professional who is difficult to work with.
Monday, July 21, 2008
The IRS's 1099 Bank Garnishment of Wages
Because creditors collect settlements direct from paychecks, salary garnishment is a tough situation for people in debt. People can get their wage garnished for a multitude of reasons.
Wage can be collected automatically from a person's paycheck or other income sources when a verdict is decided. For the following reasons, wage can be garnished:
*
* Debt to credit card companies.
* Unpaid child support.
* Court fines owed.
* Unpaid taxes.
* Student loans in arrears.
* Other debts.
Varying in each state, federal law caps garnishment at 25%. Some states provide garnishments of lower amounts, while states like Texas, South and North Carolina, and Pennsylvania don't allow garnishment. If income is insufficient, there's a specific heirarchy for garnishments to be collected: federal, then state, and finally, credit cards.
Here's the procedure that the IRS follows when garnishing salary:
*
* Serve a Notice or Demand for Payment.
* At least thirty days before garnishment, a Final Notice is served. A lot of people don't know their wage will be garnished because these do not have to be served in person and often not received.
* Unless other payment deals are made, salary is garnished until debt is settled in full. Garnishment can't be declined.
To declare income to the IRS, companies that employ freelancers or private contractors should file a 1099 form. Taxes are computed by the 1099 freelancers themselves.
If an employee has his wage garnished, the employer has no choice but to take the settlement out of the paycheck. If the employee quits and becomes a freelancer or a 1099 independent contractor, then the employer is definitely released from that obligation. Instead of garnishing wage from an employer, the credit can levy the contractor's accounts receivable. This means that when an independent contractor receives a check from a company for work, the bank account can be levied.
Money in the account is frozen and collected when a bank account is levied. This is most commonly done by the IRS, though other creditors can do it, too. Creditors can levy bank accounts unless the dues are paid.
Bank levies or garnishment of wages are tough situations. Get IRS help from a seasoned tax lawyer like Darrin T. Mish before debt gets beyond control.
Wage can be collected automatically from a person's paycheck or other income sources when a verdict is decided. For the following reasons, wage can be garnished:
*
* Debt to credit card companies.
* Unpaid child support.
* Court fines owed.
* Unpaid taxes.
* Student loans in arrears.
* Other debts.
Varying in each state, federal law caps garnishment at 25%. Some states provide garnishments of lower amounts, while states like Texas, South and North Carolina, and Pennsylvania don't allow garnishment. If income is insufficient, there's a specific heirarchy for garnishments to be collected: federal, then state, and finally, credit cards.
Here's the procedure that the IRS follows when garnishing salary:
*
* Serve a Notice or Demand for Payment.
* At least thirty days before garnishment, a Final Notice is served. A lot of people don't know their wage will be garnished because these do not have to be served in person and often not received.
* Unless other payment deals are made, salary is garnished until debt is settled in full. Garnishment can't be declined.
To declare income to the IRS, companies that employ freelancers or private contractors should file a 1099 form. Taxes are computed by the 1099 freelancers themselves.
If an employee has his wage garnished, the employer has no choice but to take the settlement out of the paycheck. If the employee quits and becomes a freelancer or a 1099 independent contractor, then the employer is definitely released from that obligation. Instead of garnishing wage from an employer, the credit can levy the contractor's accounts receivable. This means that when an independent contractor receives a check from a company for work, the bank account can be levied.
Money in the account is frozen and collected when a bank account is levied. This is most commonly done by the IRS, though other creditors can do it, too. Creditors can levy bank accounts unless the dues are paid.
Bank levies or garnishment of wages are tough situations. Get IRS help from a seasoned tax lawyer like Darrin T. Mish before debt gets beyond control.
Friday, July 18, 2008
IRS Levy Must-knows
The levy is the IRS's way of ensuring that you pay your tax debt or penalties. Your income and your properties may be levied. It is a drastic method that can financially incapacitate you, so if you receive a Levy Notice, it's best to act immediately.
The initial step to stopping a levy is to enlist the help of a tax attorney. When you consult with the lawyer, you will need to reveal your IRS issues and any settlement details or notices received from the IRS. Taxpayers normally receive a Demand for Payment statement from the IRS prior to being served the Levy Notice. Why this Demand for Payment wasn't settled will need to be justified. There are many valid reasons for this, including IRS processing errors, financial hardship, or bankruptcy, but you need to have documentation that effectively explains why the taxes or penalties have been unpaid.
Ignoring an IRS Levy Notice is the error numerous people make. You should ask a tax lawyer who can counsel you and help you ask for a Collection Due Process hearing at the IRS Office of Appeals in your area. If you've settled your taxes and were levied because of an IRS mistake, you can present evidence that the IRS committed an error in the hearing.
Immediate settlement following the Levy Notice and filing for bankruptcy are a few causes why a levy cannot be continued by the IRS. Because of the statute of limitations, taxes assessed over ten years ago cannot be collected by the IRS. If the IRS levy was served after the expiration of the tax collection period, you do not need to pay your taxes.
Working out an installment plan to settle unpaid taxes can also be achieved in the Collection Due Process hearing. If you do really owe the IRS money but aren't able to pay the entire amount, you will need to work out a settlement plan with the Office of Appeals. While not the best option, the installment option will be less of a financial problem than having your wages garnished or your bank account levied.
The IRS will continue the levy, until your debt is paid off, it it's released officially, or the statute of limitations is met. If you file for refund within thirty days after the IRS erroneouslyly levied your bank account, your bank charges will be reimbursed.
Your IRS problems will only worsen if you ignore a Levy Notice. To safeguard your assets, it's better to get immediate help.
The initial step to stopping a levy is to enlist the help of a tax attorney. When you consult with the lawyer, you will need to reveal your IRS issues and any settlement details or notices received from the IRS. Taxpayers normally receive a Demand for Payment statement from the IRS prior to being served the Levy Notice. Why this Demand for Payment wasn't settled will need to be justified. There are many valid reasons for this, including IRS processing errors, financial hardship, or bankruptcy, but you need to have documentation that effectively explains why the taxes or penalties have been unpaid.
Ignoring an IRS Levy Notice is the error numerous people make. You should ask a tax lawyer who can counsel you and help you ask for a Collection Due Process hearing at the IRS Office of Appeals in your area. If you've settled your taxes and were levied because of an IRS mistake, you can present evidence that the IRS committed an error in the hearing.
Immediate settlement following the Levy Notice and filing for bankruptcy are a few causes why a levy cannot be continued by the IRS. Because of the statute of limitations, taxes assessed over ten years ago cannot be collected by the IRS. If the IRS levy was served after the expiration of the tax collection period, you do not need to pay your taxes.
Working out an installment plan to settle unpaid taxes can also be achieved in the Collection Due Process hearing. If you do really owe the IRS money but aren't able to pay the entire amount, you will need to work out a settlement plan with the Office of Appeals. While not the best option, the installment option will be less of a financial problem than having your wages garnished or your bank account levied.
The IRS will continue the levy, until your debt is paid off, it it's released officially, or the statute of limitations is met. If you file for refund within thirty days after the IRS erroneouslyly levied your bank account, your bank charges will be reimbursed.
Your IRS problems will only worsen if you ignore a Levy Notice. To safeguard your assets, it's better to get immediate help.
Subscribe to:
Posts (Atom)