Our blog keeps you updated about debt issues Houston residents are facing on a regular basis. We try to keep our content casual, easy-to-understand and relevant to your life. Read the latest postings on Texas student debt and easing credit card debt.
- Page 1
-
Large unpaid I.R.S. payroll taxes may lead to federal prison Business owners in the Houston, Texas area may face prison time for large unpaid payroll tax liabilities; IRS is emphasizing criminal prosecutions now -
IRS can now revoke passports to force collection of taxes IRS can now revoke U.S. passports to force collection of seriously delinquent taxes -
I.R.S hikes user fee for filing Installment Agreements Houston, Texas area clients will have to pay higher user fees for making a payment plan with the I.R.S. beginning in 2017 -
I.R.S. can seize & sell your home in the right circumstances The I.R.S doesn't seize and sell principal residences very often, but they can if they meet the requirements such as getting a court order -
5th Circuit: I.R.S. Loses in Dispute Over Meaning of "Taxpayer" Taxpayer means not only the person against whom a tax is assessed, but the one that pays the tax. Rothkamm v. U.S., 5th Cir. 2015 -
IRS taxes can be discharged with filing of "substitute" tax returns if taxpayer helped, rules Houston bankruptcy court To satisfy technical 26 USC Sec. 6020(a) requirements, taxpayer must cooperate with I.R.S, provide information for tax return -
Former multimillionaire bankrupts $15 Million in IRS taxes; no "specific intent" to evade them says court 9th Circuit case of Hawkins v. FTB says that proof of overspending alone, does not mean a debtor in bankruptcy cannot discharge IRS taxes -
I.R.S. does something good! Get IRS transcripts quickly online. If you need records including tax return transcripts, transcripts of account, or wage and income transcripts from the Internal Revenue Service, look online -
New IRS Pre-Qualifier Tool Gives Offer in Compromise estimated amount If you or another taxpayer wants to settle with the IRS for delinquent income or payroll taxes in Houston, Texas, try new offer in compromise pre-qualifier tool -
You Can Ask for IRS to Withdraw A Notice of Tax Lien Against You IRS withdrawing notice of tax lien -
What the IRS Can Seize to Cover Your Tax Debts- They Can Take Most Everything That You Own Owing the IRS money can result in a levy, making it legal for them to seize nearly all of your property and personal possessions. -
Income Taxes Can't Be Discharged If I.R.S. Assesses First - So It Is Very Important To File Your Tax Returns, Even If Late Smythe v. United States (In re Smythe) (Bankr. W.D.Wash., 2012). If IRS assesses the taxes first, you cannot discharge them in bankruptcy. -
You Must File Real Tax Returns, Not "Indian Treaty Disclosure Documents" To Discharge Income Taxes in Bankruptcy In short, if you expect to discharge your taxes in bankruptcy, you must have filed your tax returns. You cannot "hide behind a log" and discharge IRS taxes. -
If I Filed My Tax Returns Late, Can I Discharge The Taxes In Bankruptcy? Western District of Texas Bankruptcy Court Says No Hernandez case, I.R.S. taxes were held to be non-dischargeable in bankruptcy, because the returns were filed late. -
Don't Forget October 15 Deadline To File Your I.R.S Tax Return Must file income tax return timely by October 15 deadline, or earlier if you file bankruptcy in Houston -
Couple Charged With Tax Fraud in Houston Texas - Always File Correct, Complete and Accurate Tax Returns - Otherwise Can't Help You Among other reasons to file besides it's the law, if you don't file, the statute of limitations on collection does not begin to run. -
Owe IRS and Considering Bankruptcy? Explore All Your Options - Installment Agreement, Offer in Compromise, Currently Not Collectible When you come in and meet with me, we review all of your options with the IRS including Installment Agreement, Offer in Compromise, Currently Not Collectible -
Not All I.R.S. Taxes Are Discharged In Bankruptcy - Remember The 3 year Rule, the 2 Year Rule, and the 240 Day Rule I.R.S. income taxes must meet very specific requirements to be discharged in bankruptcy. It's not something that you want to try yourself, or pro se. -
IRS- Please Stop Levying On My Client's Social Security Disability Check! And They Are In Currently Not Collectible Status! I.R.S. levy on client's social security benefit. While they are in "not collectible" status.