Once clients get back into compliance, the next goal is staying there. After years of stress and uncertainty, keeping filings current requires understanding your responsibilities and what the IRS expects going forward, including staying aligned with the IRS compliance timeline. After your missing years are filed, the IRS updates your account. From there you can […]
Kwong v. United States: Can You Get an IRS Refund for COVID-19 Penalties?
The federal case Kwong v. United States has been seen as one of the most impactful tax rulings tied to the COVID-19 pandemic for individuals, businesses, and non-profits. Decided by the U.S. Court of Federal Claims, this tax case addresses whether taxpayers may be entitled to obtain refunds for penalties and interest that were assessed […]
What Is an IRS Revenue Officer?
TL;DR Imagine receiving an unexpected visit from an IRS Revenue Officer at your home or business. It’s a situation that can be overwhelming and intimidating. But fear not! In this comprehensive guide, we’ll explore the world of Revenue Officers and equip you with the knowledge and tools to navigate these encounters. Prepare to dive deep […]
Can You Go to Jail for Not Filing Taxes?
TL;DR Not filing is more serious than many people think when it comes to taxes. If the IRS believes that you have not filed in a deliberate attempt to commit tax evasion, you can face criminal charges and even jail time. At Paladini Law, we help people across New Jersey and the United States understand […]
What If You Miss an Installment Agreement Payment?
TL;DR Setting up an installment agreement with the IRS is one of the quickest, most effective ways to stay in good standing and get your balance paid off over time. However, sometimes, you might miss a payment and fear your agreement will be canceled or the IRS will come after you. If you’ve missed a […]
IRS Fresh Start Program: Myth vs. Fact
TL;DR If you’ve been dealing with overwhelming tax debt, you’ve probably seen or heard ads for the IRS Fresh Start program. The ads likely promise that the program will provide options to pay down or settle the tax debt. But what’s the truth about the IRS Fresh Start process? Keep reading to find out. Understanding […]
What Happens If You Owe the IRS More Than 25,000 Dollars?
What happens if you owe the IRS more than 25,000 dollars? Owing more than 25,000 dollars often triggers additional IRS scrutiny. In some cases, it also leads to the filing of a federal tax lien. At Paladini Law, we help clients understand what liens mean, how long they last, and how to work toward resolution. […]
Who Qualifies for IRS Forgiveness?
You’ve probably heard about IRS tax forgiveness – this phrase is used heavily in tax relief advertisements, and it’s an enticing idea for people with tax debt. So, is it real? Is it possible? Yes, the IRS does forgive some taxes – but only if you qualify. To help you out, this post explains who […]
Will the IRS Find Out I Haven’t Filed Taxes?
Whether you haven’t filed your taxes on purpose or time just got the better of you and you forgot, don’t assume that the IRS hasn’t noticed. Yes, the IRS has to keep track of over 150 million tax returns each year, but it is very difficult to slip through the cracks. While you may think […]
What Is Tax Negligence?
When clients call Paladini Law for the first time, they often have questions about what negligence means, who can represent them, and what they should bring to a first meeting. This guide answers those questions. Tax negligence refers to careless or reckless handling of your tax obligations, such as: Negligence can result in substantial accuracy […]
What Does the IRS Know About Your Old Unfiled Taxes?
If you haven’t filed your taxes in years, you aren’t alone. More importantly, you aren’t out of options. Thousands of taxpayers fall behind each year, for reasons ranging from life upheavals that put them in survival mode to confusion over tax filing requirements to simply forgetting to file. If you don’t file and the IRS […]
How to File an IRS Collection Due Process Hearing
Getting behind on paying your taxes is a common issue in the U.S., and there are many reasons for not paying—you could have missed a deadline without knowing it, you may be experiencing financial hardship, or you could disagree with the amount the IRS assessed against you. But if you continue to avoid payment after […]
What If I Think My Taxes Are Wrong?
Many clients ask, “What if I think my taxes are wrong?” Clients often come to Paladini Law because something does not look right. Maybe you missed income, forgot deductions, or received a notice from the IRS saying your return is incorrect. When that happens, you need to know how to correct the problem properly. If […]
I’m Afraid That I’ll Lose My Wages or Assets if I File and Can’t Pay, Should I Still File?
Many clients ask, “I’m afraid that I’ll lose my wages or assets if I file and can’t pay, should I still file?” The truth is, filing doesn’t automatically put your money or property at risk. At Paladini Law, we help clients understand what really happens once you file and how to avoid aggressive IRS action. […]
What to Do When the IRS Files a Tax Lien?
Are you having trouble getting on top of your tax debt? You’re not alone, millions of Americans deal with tax problems every year. But if you fail to address the taxes you owe, IRS actions will escalate beyond penalties and interest charges. The agency could decide to file a federal tax lien against you, meaning […]
Will Filing Past Due Returns Trigger an IRS Audit?
Do you have unfiled tax returns? You’ve probably had to pay tax penalties and interest because of late filings, and you may be wondering what to do next to get back in good standing with the IRS. But will filing those old tax returns trigger an IRS audit? This is a fear many taxpayers share. […]
IRS CP2000 Notice: What It Is, Why You Got It, and How to Respond
TL;DR What Is a CP2000 Notice (and Why Did You Get One)? A CP2000 notice is an official letter from the IRS informing you of a discrepancy between the income reported on your tax return and what third parties (like employers, banks, or clients) reported to the IRS. In plain terms, it means the IRS […]
IRS Unlimited Statute of Limitations on Unfiled Returns
TL;DR Dealing with unfiled tax returns can be daunting. Many taxpayers wonder how long the IRS can pursue them or whether there’s a time limit after which tax issues expire. This article breaks down the rules in plain language, focusing on IRS deadlines and statutes of limitations, and explains what happens when you haven’t filed […]
How Far Back Can the IRS Go for Unfiled Tax Returns?
Having unfiled tax returns is a pretty common problem. Taxpayers may unknowingly miss a deadline or not file because they’re worried that they won’t be able to afford what they owe in taxes. Or, they may not file due to being overwhelmed with paperwork or busy with their business. Whatever the reason, if you don’t […]
IRS Options for Tax Debt Under $50,000: Payment Plans & More
TL;DR If you’re struggling with IRS tax debt under $50,000, you’re not alone—and the good news is that the IRS offers several tax debt resolution options to help. Owing a large tax balance can be stressful, but the IRS offers payment plans and other relief programs designed for individuals in your situation. In this article, […]
