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Ozzie Gomez
- March 15, 2024
What Is the Substantial Understatement Penalty?
Paying taxes can be a stressful experience. It’s sometimes hard to understand how much you owe, and it’s easy to lose track of deadlines. But if you don’t pay enough tax, there’s a risk the IRS could fine you for a “substantial understatement”. These fines can have serious consequences for you, your business, and your […]
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- March 15, 2024
How Often Does the IRS Seize Property?
Tax debt is stressful enough without the prospect of losing your home. However, if tax debt builds up, there’s a real possibility the IRS may try to seize and sell your property. Can the IRS take your home, though, and is there any way to stop the process? We answer these questions and more below. […]
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- February 27, 2024
What Are Back Taxes?
Tax debt can be complicated. But when you want to take back control of your finances, paying overdue tax is a priority. This means paying what are known as “back taxes”. How do back taxes work, though, and how do you know what you owe the IRS? If you have such questions, don’t worry. We’re […]
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- February 26, 2024
What Is Deferred Tax Liability?
Close up of person writing and using calculator to plan tax liability
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- February 16, 2024
Guide to Filing Taxes in Two States After Moving
Filing taxes is fairly simple when you live – and work – in one state. But what happens if you relocate to another state? And what should you do if you live in one state, but work in another? If you have such questions, don’t worry. Filing income taxes in two different states is easier […]
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- February 16, 2024
Can You Buy a House if You Owe Taxes?
Buying a new home is a significant milestone. However, it’s not always easy to secure finance, especially if you have back taxes. Is it possible to buy a property with back taxes? The short answer is yes, but the reality is more complicated. Below, our team explains what you should know about buying a house […]
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- December 29, 2023
Offer In Compromise vs. Fresh Start: The Quick Guide
Are you torn between the IRS Fresh Start program and an offer in compromise? Knowing the difference helps you choose what’s best for your money. This blog will explain both choices and help to pick the right one for you. Whether it’s tax issues or needing a new financial beginning, we’ve got your back. Let’s […]
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- December 29, 2023
Can You Get a Passport If You Owe Taxes?
All You Need To Know About Passports And Tax Liabilities If you have tax liabilities, you might be wondering, “If I owe the IRS, can I get a passport?” The short answer is no. The IRS can deny a passport if you owe more than $52,000 in back taxes. This is due to the Fixing […]
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- December 25, 2023
What Does a Tax Attorney Do?
Tax issues can be complicated matters, especially when they go beyond filing annual returns. From estate planning to tax disputes to negotiating back taxes, tax attorneys touch every aspect of your financial life. Fortunately, you don’t have to navigate these tax situations on your own. In fact, it is recommended that you don’t. Some taxpayers […]
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- November 23, 2023
Unfiled Back Taxes: The Quick Guide on What to Do
If you are seeking help with unfiled back taxes, you have come to the right place. There are many taxpayers who worry they don’t have options when it comes to tax liability. But, this is not the case. It’s true that the IRS has not forgotten about you. However, this doesn’t mean they are going […]
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