In our last post, we discussed a few of the most common tax penalties imposed by the IRS. Here we explain some ways of getting those penalties, and interest, reduced or removed entirely (otherwise known as “abatement”). It’s bad enough owing taxes, but when penalties and interest are added your...
Kim is an Enrolled Agent (or EA). An enrolled Agent is a tax advisor who is a federally authorized tax practitioner empowered by the U.S. Department of the Treasury. Enrolled agents are licensed to represent taxpayers before the Internal Revenue Service (IRS) for tax issues including audits, tax disputes, tax...
Other Posts in this Series Part II: Negligence Part III: Substantial Misstatements It’s not enough to just file your tax returns and pay some amount to the government – the penalties for incorrect returns can be as significant as those for late filing and payment. There are quite a few...
If you have overpaid your taxes or had penalties unlawfully collected, there are ways of getting your money back. But you must move quickly – if you wait too long, the statute of limitations may run out and you may no longer be eligible for tax refunds. Obtaining a tax...
If you are having tax troubles, whether you are completely innocent of any wrongdoing or have done some things you wish you hadn’t, we want to help. The experienced tax attorneys at Moskowitz, LLP are ready to use their substantial knowledge of tax law and courtroom experience to give you the...
Even successful business owners sometimes find themselves with a tax bill they cannot pay. April 15th is just around the corner, and many people – particularly small business owners – find that they owe taxes that they are unable to pay. As a tax law firm, we have many clients...
If you do not pay your taxes in full, you will receive a bill from the IRS. That bill marks the beginning of a collections process that could have a devastating effect on your business and your life. The tax attorneys at Moskowitz, LLP can determine the most advantageous route...
A recent Texas case clearly demonstrates how unforgiving the courts can be when it comes to unpaid employment taxes.McClendon v. U.S.In May of 2009, Dr. Robert McClendon learned that the Chief Financial Officer of his medical practice had been embezzling money from him, and that his practice owed roughly $10...
