IRS Problem Resolution

Are you named as the executor of someone’s estate? Do you expect to be a beneficiary of someone’s estate? If so, keep reading.  A woman died in December 2003, leaving her estate to her brother, who was also the executor. He transferred all the estate’s property to himself, except for $50,000 he gave to his [...]

Social Security garnishment is generally prohibited when it comes to creditors. But the U.S. Government is no ordinary creditor and has the full force of the IRS to perform levies against tax-delinquent debtors. So can the IRS garnish Social Security? Simply put, yes. The IRS is among the only agencies that can levy your Social [...]

If you owe the IRS money, they may pursue aggressive collections actions against you. Unlike private lenders, they don’t have to go through the court to place liens on your property, levy your bank account, or garnish your wages. They do, however, have to provide you with notice of their intent to do so. If [...]

If you are facing an IRS criminal investigation, the impact on your professional and financial well-being can be devastating. An experienced tax lawyer will help ensure that your business doesn't make costly mistakes that could lead to an investigation, as well as offer experienced defense if you are already in trouble with the IRS. Contact Sodowsky Law firm, P.C. to learn more [...]

The IRS has what is known as a Collection Statute Expiration Date (CSED). Logistically, the CSED is ten years. However, there are a number of waivers and extensions that the IRS can file for to extend the CSED. There are also exceptions to the ten-year rule. Below, we take a look at everything you need to know about the IRS statute of limitations on tax [...]

As a business owner, you are expected to file and pay your taxes each year. And the IRS knows there's nothing wrong with trying to pay less in taxes, allowing you to use legitimate strategies to lower your tax burden. But there is a huge difference between using legal tax avoidance tactics and trying to illegally underpay. [...]

The IRS has the right to seize your home and other property if you fail to pay your federal income taxes. To exercise this authority, the IRS must notify you before they can seize anything. If you’ve been contacted by the IRS about a tax debt, don’t assume they will come immediately to take your home. There are steps you can [...]

Small Businesses Are at Higher Risk for IRS Audit It may sound counterintuitive, but smaller businesses have been at increased risk for an IRS audit for some time. This is due in large part to the ways in which they manage their payrolls. While larger businesses often have accountants themselves on the payroll, smaller business owners usually perform this task [...]

You may be wondering what the IRS is doing during the government shutdown. Do I Have to File My IRS Tax Return During Government Shutdown? Is the IRS still processing returns? Is the IRS still accepting payments? Are deadlines for filing returns being delayed? Are deadlines for making payments being delayed? The IRS encourages you to [...]

On October 30, 2012, Virginia Tax Commissioner Craing M. Burns announced some relief for businesses and individuals who have missed end of October filing deadlines due to Hurricane Sandy. To qualify for this penalty waiver, taxpayers must be unable to meet their filing obligations because the financial books and records they need to file their [...]

The IRS announced yesterday that it is granting taxpayers and tax return preparers affected by Hurricane Sandy until November 7 to file returns and accompanying payments that were normally due on October 31. The relief primarily appliesto businesses whose payroll and excise tax returns and payments are normally due on October 31. The relief is [...]

On Monday, Sept 28, Virginia Governor Timothy Kaine announced a tax amnesty program to be administered by the Virginia Department of Taxation. The Commonwealth aims to collect $48 million during the very short amnesty period. The program runs from October 7, 2009 to December 5, 2009. Most, but not all, taxpayers who are delinquent are [...]

Important Information if you have a hidden offshore account - Deadline is Extended. In a press release issued today from Washington, the Internal Revenue Service announced it is extending the voluntary disclosure deadline from Sept 23, 2009, to October 15, 2009. In March the IRS issued special provisions to allow taxpayers with unreported income from [...]

Are you behind in filing your income tax or payroll tax returns? Do you have one or more years of unfiled tax returns? If so, be careful who you choose to help you get caught up. The IRS wants to start regulating paid tax preparers used by more than half the nation's taxpayers in an [...]