Austin Tax Defense Law Blog
How do I qualify as an independent contractor?
Qualifying as an independent contractor has important tax implications that workers who fall into this category should be familiar with. If they fall into this category, workers who are classified as independent contractors should be familiar with how they qualify for...
Under IRS tax law, what property can and cannot be seized?
In Austin and the nearby areas, when a person is informed that he or she has outstanding tax debt, one of the biggest concerns is that their property will be seized by the Internal Revenue Service to satisfy it. A lien can be placed on the person’s property. If the...
IRS announces plans to increase audits for the wealthy
With all the other upheaval going on in life these past few months, you would be forgiven for not paying much attention to the news about taxes. However, 2020 has seen quite a few changes in tax law. You probably took note in March, the federal government pushed back...
How does an Offer in Compromise work?
Residents of Austin really do not want to fall behind in the taxes they owe to the Internal Revenue Service. Even if the debt because of difficult financial circumstances, and not because of any improper activity, the IRS still has a wide range of ways to collect on...
What is an offer in compromise?
An offer in compromise is a collection alternative option for those who owe taxes to understand and consider. Taxpayers who owe taxes should understand how an offer in compromise works and may be able to help them settle or reduce their tax debt. An offer in...
Addressing Hardship When a Levy Threatens Financial Health
The Internal Revenue Service has a host of collection tools that it may employ when an individual has unpaid tax debts. One of those tools, called a levy, allows the IRS to take a debtor’s property in satisfaction of the money they owe. Levies are a legal mechanism...
Can I claim ‘innocent spouse relief’ if I am being audited?
Dynamics between spouses who have a troubled marriage can be incredibly negative, especially if one spouse lies to their partner about money. Specifically, lies on a jointly filed tax return can lead to actions by the Internal Revenue Service that could have a...
Inviting an IRS audit
The Internal Revenue Service audited only 0.5 percent of tax returns filed in 2017. This is a small percentage, but still constitutes almost one million tax filers. There are several suspicious actions that increase the odds of being one of those audited filers and...
How to Qualify for a Guaranteed Installment Agreement
Paying one’s annual federal income taxes is a burden that many wish they could avoid. However, if a Texas resident owes money to the Internal Revenue Service then they should make an effort to satisfy the amount due as quickly as possible. Penalties and fees can...
Am I an independent contractor or an employee?
Many Texas residents may not be aware if the doctor or accountant they frequent is an employee or an independent contractor. However, this distinction is very important when it comes to taxation, because both have different tax obligations. It does not help that IRS...
