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
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
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
Sunday, July 27, 2008
Pay The Right Amount With The Right Tax Withholding
At tax time, you don't wish to end up paying the IRS too much or too little. Filling out your W-4 worksheet can be difficult, but if you adjust your tax withholding right, you will be maximizing your efficiency in paying taxes.
You might believe that a large tax refund is a good situation, but it's not. You're basically loaning the government funds less interest when you could be placing that money in a savings account that earns interest. Adding up the portions taken out of your paycheck per month becomes a considerable amount.
What you wish to accomplish when deciding on how much tax withholding you should have is to just pay exactly what you owe in taxes. Obviously, there are plenty of aspects of your tax profile that may change within the year, so it's a good idea to review and check your chosen exemptions at least once a year to ensure that your current level of tax withholding is right. A great time to do this is in the first weeks of November, so that you'll still have enough time to make any alterations prior to the end of the year. If it looks like your paycheck hasn't been withheld with ample money, this is especially important. Also, to steer clear of an IRS problem, 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 some events when you must review your withholding. After any of these events, you need to seriously review your tax withholding amounts to make sure you are not overpaying or underpaying the IRS which would lead to a huge IRS issue.
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 time to properly accomplish the withholding amount, it is must easier than it looks at first.
Depending on your situation, it's always best to consult with a tax professional to avoid IRS issues. You always need to review and update your W-4 form, especially if you switch to a lower or higher paying job. This will keep you on track.
You might believe that a large tax refund is a good situation, but it's not. You're basically loaning the government funds less interest when you could be placing that money in a savings account that earns interest. Adding up the portions taken out of your paycheck per month becomes a considerable amount.
What you wish to accomplish when deciding on how much tax withholding you should have is to just pay exactly what you owe in taxes. Obviously, there are plenty of aspects of your tax profile that may change within the year, so it's a good idea to review and check your chosen exemptions at least once a year to ensure that your current level of tax withholding is right. A great time to do this is in the first weeks of November, so that you'll still have enough time to make any alterations prior to the end of the year. If it looks like your paycheck hasn't been withheld with ample money, this is especially important. Also, to steer clear of an IRS problem, 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 some events when you must review your withholding. After any of these events, you need to seriously review your tax withholding amounts to make sure you are not overpaying or underpaying the IRS which would lead to a huge IRS issue.
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 time to properly accomplish the withholding amount, it is must easier than it looks at first.
Depending on your situation, it's always best to consult with a tax professional to avoid IRS issues. You always need to review and update your W-4 form, especially if you switch to a lower or higher paying job. This will keep you on track.
Thursday, July 24, 2008
IRS Wage Garnishment Advice
If the Internal Revenue Service serves a notification to your employer that you're under wage garnishment, the company has no choice but to take a considerable portion of your paycheck to give directly to the IRS. You will never see that money, making it as bad as it sounds.
The IRS drastically deducts a considerable 80-85% of your net pay in a wage levy. This means that you will only be taking home $200 out of $1000.
Depending on your particular situation, you may be able to get the IRS wage garnishment released. It's better to work with a tax attorney or other tax professionals who are experts in these situations and can provide quality advice.
Like with all areas of the IRS, there are very particular rules and guidelines relevant to an IRS levy being released and your wage garnishments being stopped. IRS officers who don't adhere to these guidelines face job consequences that are severe. Whether the IRS is telling you the truth that no other options are available or simply giving you the runaround can be determined by a tax professional who is experienced. Oftentimes, the IRS just does not wish to help taxpayers.
When the IRS garnishes your wages, they want to be able to collect and take from you as much money as possible and in the shortest period of time. This is each IRS officer's task. Though numerous people who work in the IRS are quite nice and polite, they all have that underlying and fundamental job characteristics which can eventually ruin your life.
There are certain things to search for in the tax attorney or tax professional who will help you with your wage garnishment situation. First, you must check their success record. Were they successful in dealing with the IRS about wage garnishments in the past? Are they familiar with the guidelines of the IRS? Your tax professional can make sure that the IRS sticks to their own guidelines and goes through the proper channels by knowing the guidelines and rules.
Lastly, do you work well with your tax attorney? You should make sure that you pick somebody you can work with comfortably. Most proceedings take time. You really want someone who you can work with comfortably, or else you will simply make things worse by having employed a tax professional who is hard to work with.
The IRS drastically deducts a considerable 80-85% of your net pay in a wage levy. This means that you will only be taking home $200 out of $1000.
Depending on your particular situation, you may be able to get the IRS wage garnishment released. It's better to work with a tax attorney or other tax professionals who are experts in these situations and can provide quality advice.
Like with all areas of the IRS, there are very particular rules and guidelines relevant to an IRS levy being released and your wage garnishments being stopped. IRS officers who don't adhere to these guidelines face job consequences that are severe. Whether the IRS is telling you the truth that no other options are available or simply giving you the runaround can be determined by a tax professional who is experienced. Oftentimes, the IRS just does not wish to help taxpayers.
When the IRS garnishes your wages, they want to be able to collect and take from you as much money as possible and in the shortest period of time. This is each IRS officer's task. Though numerous people who work in the IRS are quite nice and polite, they all have that underlying and fundamental job characteristics which can eventually ruin your life.
There are certain things to search for in the tax attorney or tax professional who will help you with your wage garnishment situation. First, you must check their success record. Were they successful in dealing with the IRS about wage garnishments in the past? Are they familiar with the guidelines of the IRS? Your tax professional can make sure that the IRS sticks to their own guidelines and goes through the proper channels by knowing the guidelines and rules.
Lastly, do you work well with your tax attorney? You should make sure that you pick somebody you can work with comfortably. Most proceedings take time. You really want someone who you can work with comfortably, or else you will simply make things worse by having employed a tax professional who is hard to work with.
Monday, July 21, 2008
Garnishment of 1099s and Wages
Because creditors take payments direct from paychecks, salary garnishment is a tough situation for people in debt. For a number of reasons, people can have their salary garnished.
When a judgment has been made the defendant, salary garnishment occurs. As a result, the defendant's paycheck is garnished. This means that to pay the plaintiff or creditor, money is directly collected from the paycheck or other income sources. Wages are garnished by these typical reasons:
*
* Debt to credit card companies.
* Child support is owed.
* Unpaid court fines.
* Unpaid taxes.
* Unpaid student loans.
* Other monetary responsibilities.
Differing from state to state, federal law maintains garnishment at twenty-five percent. Few 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 fixed heirarchy for garnishments to be taken: federal, then state, and lastly, credit cards.
When garnishing salary, the IRS has a procedure that has to be followed:
*
* Serve a Notice or Demand for Payment.
* Serve a Final Notice no more than 30 days prior to garnishment. These don't need to be served personally, so a lot of people don't get it and aren't aware that their salary is about to be garnished.
* Unless other settlement arrangements are decided, wages are garnished until debt is paid fully. Garnishment can't be declined.
1099 is the form that is given to freelancers, like writers, actors, and artists who are not employees of particular companies. If a company pays a freelancer $600 or more in a year, they must file a 1099 form. These go to the IRS and report income. 1099 freelancers compute taxes themselves.
If an employee has his wage garnished, the employer has the responsibility to take the settlement out of the paycheck. If the employee resigns and becomes a independent contractor or a 1099 freelancer, then the employer is obviously released from that obligation. Instead of garnishing salary from an employer, the credit can levy the contractor's accounts receivable. This means that the bank account can be levied when an independent contractor gets a check from a company.
The IRS and other creditors can freeze and seize money when a bank account is levied. Until the dues are settled, this can be done.
Having your bank account levied or your salary garnished is serious. To assist you with IRS issues, talk to seasoned lawyers such as Darrin T. Mish.
When a judgment has been made the defendant, salary garnishment occurs. As a result, the defendant's paycheck is garnished. This means that to pay the plaintiff or creditor, money is directly collected from the paycheck or other income sources. Wages are garnished by these typical reasons:
*
* Debt to credit card companies.
* Child support is owed.
* Unpaid court fines.
* Unpaid taxes.
* Unpaid student loans.
* Other monetary responsibilities.
Differing from state to state, federal law maintains garnishment at twenty-five percent. Few 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 fixed heirarchy for garnishments to be taken: federal, then state, and lastly, credit cards.
When garnishing salary, the IRS has a procedure that has to be followed:
*
* Serve a Notice or Demand for Payment.
* Serve a Final Notice no more than 30 days prior to garnishment. These don't need to be served personally, so a lot of people don't get it and aren't aware that their salary is about to be garnished.
* Unless other settlement arrangements are decided, wages are garnished until debt is paid fully. Garnishment can't be declined.
1099 is the form that is given to freelancers, like writers, actors, and artists who are not employees of particular companies. If a company pays a freelancer $600 or more in a year, they must file a 1099 form. These go to the IRS and report income. 1099 freelancers compute taxes themselves.
If an employee has his wage garnished, the employer has the responsibility to take the settlement out of the paycheck. If the employee resigns and becomes a independent contractor or a 1099 freelancer, then the employer is obviously released from that obligation. Instead of garnishing salary from an employer, the credit can levy the contractor's accounts receivable. This means that the bank account can be levied when an independent contractor gets a check from a company.
The IRS and other creditors can freeze and seize money when a bank account is levied. Until the dues are settled, this can be done.
Having your bank account levied or your salary garnished is serious. To assist you with IRS issues, talk to seasoned lawyers such as Darrin T. Mish.
Friday, July 18, 2008
The IRS Levy
An IRS levy is a serious consequence to many common IRS issues such as late payment of taxes. To be able to pay 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. Upon receipt of a Levy Notice, you have to act fast to stop these financially crippling and drastic methods.
Before a Levy Notice is served, a Demand for Payment will be received. To get assistance in avoiding a levy, ask a tax lawyer and show documentation why the penalties and taxes asked from you weren't paid.
The IRS Levy Notice gives you 30 days to request a Collection Due Process hearing with the local IRS Office of Appeals. You need to prepare for the hearing if advised to do so by your tax attorney. If your taxes were paid and the IRS made a mistake by levying you, you must provide proof in the hearing. When citizens ignore the IRS Levy Notice, they become victims of unfair levies of property and wages.
The IRS is stopped from pursuing a levy by several situations. Making the IRS Office of Appeals aware of these cases is your responsibility. The IRS can't subject you to a levy if you have filed for bankruptcy. You also shouldn't be levied if you've paid the unpaid debt before or quickly following you got the Levy Notice. The statute of limitations is one loophole to stop a levy that many people do not know of. The IRS is stopped from collecting taxes assessed over ten years ago by the statute of limitations. If the tax collection period expired before the IRS served your Levy Notice, you're exempt from the levy and from settling the taxes and penalties.
The Collection Due Process hearing is also a chance to work out an installment plan for paying outstanding taxes. You'll have to work out a payment option with the Office of Appeals if you are not able to pay the entire amount of what you owe the IRS. While not the perfect choice, the installment option will be less of a financial burden than having your wages garnished or your bank account levied.
An IRS levy will go on unless 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 an outcome of an IRS error, the IRS will reimburse your bank fees. You should file for refund within 30 days or you will not qualify.
Your IRS issues will only worsen if you ignore a Levy Notice. To protect your assets, it is better to get quick help.
Before a Levy Notice is served, a Demand for Payment will be received. To get assistance in avoiding a levy, ask a tax lawyer and show documentation why the penalties and taxes asked from you weren't paid.
The IRS Levy Notice gives you 30 days to request a Collection Due Process hearing with the local IRS Office of Appeals. You need to prepare for the hearing if advised to do so by your tax attorney. If your taxes were paid and the IRS made a mistake by levying you, you must provide proof in the hearing. When citizens ignore the IRS Levy Notice, they become victims of unfair levies of property and wages.
The IRS is stopped from pursuing a levy by several situations. Making the IRS Office of Appeals aware of these cases is your responsibility. The IRS can't subject you to a levy if you have filed for bankruptcy. You also shouldn't be levied if you've paid the unpaid debt before or quickly following you got the Levy Notice. The statute of limitations is one loophole to stop a levy that many people do not know of. The IRS is stopped from collecting taxes assessed over ten years ago by the statute of limitations. If the tax collection period expired before the IRS served your Levy Notice, you're exempt from the levy and from settling the taxes and penalties.
The Collection Due Process hearing is also a chance to work out an installment plan for paying outstanding taxes. You'll have to work out a payment option with the Office of Appeals if you are not able to pay the entire amount of what you owe the IRS. While not the perfect choice, the installment option will be less of a financial burden than having your wages garnished or your bank account levied.
An IRS levy will go on unless 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 an outcome of an IRS error, the IRS will reimburse your bank fees. You should file for refund within 30 days or you will not qualify.
Your IRS issues will only worsen if you ignore a Levy Notice. To protect your assets, it is better to get quick help.
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