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Tax Relief Options for Individuals Facing Economic Hardship
Managing tax responsibilities can help to greatly reduce financial burdens in hard times. People...
IRS Hit Americans with $7B in Tax Penalties Last Year After Biden Beefed Up Agency
According to a report, the Internal Revenue Service imposed $7 billion in tax penalties last...
5 Ways Tax Relief May Be A Better Option Than Bankruptcy
When you owe the IRS a sizable debt, the worry you experience can seem to be surmounted. Penalties...
Three Tax Credits That Are Raising Alarms With IRS
The IRS is alerting taxpayers that if they claimed any of three particular tax credits, they might...
Received a Tax Bill from the IRS? Here’s What to Do Next
Imagine opening your email or mail and discovering an IRS notification telling you that you owe...
Navigating an IRS Audit: What to Expect and How to Prepare
It can be very nerve-racking to be audited by the IRS. It's easy for the worries, queries, and...
Secret To Resolving Back Taxes In 2024
Dealing with the IRS can be daunting, especially when back taxes in 2024 or unfiled tax returns...
5 Red Flags That Can Lead To An IRS Audit
My name's Daniel Cotts, and as a licensed Tax Attorney, I’ve seen firsthand the fear and anxiety...
How Does Tax Relief And Help Work In 2024?
On the phone. Nobody is picking up. Does anybody ever pick up? My name's Daniel Cotts. I'm a...
Handling Unfiled Tax Returns In 2024 | Tax Lawyer Tips
If you have unfiled tax returns, the IRS can and will come after you, turning your world upside...
Understanding The Importance Of Hiring A Texas Tax Law Attorney
If there’s one entity you don’t want to play poker with, it’s the IRS. The anxiety that comes from...
Everything You Need To Know About Back Tax Relief
Back tax relief provides businesses and individuals with a vital line of communication for overdue...
8 Common IRS Tactics You Need To Know
The Internal Revenue Service (IRS) has earned a formidable reputation for tax collection and...
IRS Delays Reporting Rules For Users Of Venmo, Cash App, And Other Payment Apps
Navigating tax obligations can be complex, especially with evolving regulations. Recent changes in...
Navigating the 2024 IRS Tax Bracket Changes: What It Means for Your Wallet in Texas
Introduction: As we enter the tax year 2024, the IRS has unveiled a new set of tax brackets,...
The IRS Raises Exempt Limits On Gifts and Estates. Here’s How Much You Can Donate Without Paying.
The proverb goes that giving is more noble than taking. At Cotts Law, we understand that...
Five Reasons to Consult a Tax Resolution Expert
Tax issues can be complicated and daunting. When you are faced with IRS concerns or unsustainable...
Common Frustrations When Dealing with the IRS over Back Taxes
It can be intimidating and unpleasant to deal with the IRS, particularly if you're trying to...
IRS Reports: Gap in U.S. Taxes Owed vs. Paid Continues to Grow
The Internal Revenue Service (IRS) has recently unveiled some alarming statistics that have...
Understanding Tax Penalties: How they Accumulate and Ways to Minimize Them?
One mistake when submitting your taxes could result in tax fines and interest that mount up...
Tax Relief 101: Exploring Different Forms of Tax Relief and Who Qualifies
While paying taxes is a civic duty that keeps our nation functioning, it may occasionally become a...
Gig Workers on the Radar: How Contractors Can Lower Their Risk of an IRS Audit
Many workers are now in a completely different scenario as the transition from traditional...
Do You Owe Taxes on Forgiven Debt?
According to credit data from The Urban Institute for 2022, about one in three Americans has...
Tax Scams to Watch Out For That Might Land You in Trouble With the IRS
The time of year when taxes need to be filed causes worry for almost everyone. You're constantly...
What is an Offer in Compromise About Tax Resolution and Your Finances?
Having to deal with tax debt can be very scary. In such a situation, it's normal to feel...
IRS Tax Penalties May Be Waived Using This One-Time Tactic
According to tax professionals, there are some circumstances in which you may be able to have IRS...
Understanding Federal Tax Lien Notices and What to Do About Them
One of the most severe implications of failing to pay your taxes is the federal government...
Taking Steps to Correct Errors on Your Tax Return
Tax return preparation and understanding can be difficult and complicated.Even experts occasionally...
Important Factors to Consider When Choosing a Tax Resolution Firm
Nobody wants to be at conflict with the IRS, but every year, many taxpayers do. The IRS is sending...
How to Avoid 4 Tax Resolution Company Rip-Offs!
It can be difficult to find the correct tax expert to assist you with your issue if you're having...
This Year’s Tax Season Is Critical To The Debt Ceiling Debate. Here’s Why.
The amount of money collected in taxes this year will determine how long the federal government...
5 Reasons To Put Your Tax Refund Into A High-Yield Savings Account
When you receive a lump sum of money that is above and beyond your regular income, such as a bonus...
Possible Tax Resolution Strategies to Ease Your Mind If You Owe Money to the IRS
A letter from the IRS can be incredibly frightening for sincere taxpayers. Any taxpayer would feel...
IRS Warns Taxpayers of New W-2 Filing Scams
The Internal Revenue Service today released a consumer notice to caution taxpayers to new scams...
The Biggest Mistake Tax Payers Make – They Avoid Paying Back Taxes
NOT paying back taxes is one of the worst errors that taxpayers make. For many Americans,...
How to Avoid a Surprise Tax Bill & What To Do If You Receive One
Once again, tax season is among us, and millions of industrious Americans are already daydreaming...
The Child Tax Credit: Here’s What To Know For 2023
To lessen the economic effect of the pandemic, millions of American families got an increased child...
Top Trends in the Tax Law Industry: What do You Need to Know?
The tax law industry constantly changes, and keeping up with the latest developments in tax law...
Everything You Need to Know About Filing your 2022 Taxes
Filing taxes can be a daunting task for many individuals, but it is a necessary part of managing...
What is Tax Resolution & How Can It Help You During the 2023 Tax Season?
Tax season can be an unpleasant time of year for a lot of taxpayers, especially if you owe money...
IRS Offers Several Ways To Pay Off Delinquent Tax Debt
It's no secret that millions of taxpayers struggle to pay their taxes. The IRS is unyielding when...
How to Prepare for an IRS Audit
Filing taxes can be a daunting process, but for some, it's much more than that - tax audits. This...
Do You Owe Money to the IRS But Can’t Pay? Try This.
When you owe back taxes and can’t afford to make payments, it may be time for a special tax status...
What To Do If You Receive a Levy Notice From the IRS
The IRS is not one to mess around with when it comes time for repayment. They are the least...
The 2022 Inflation Reduction Act: How Will It Impact You If You Owe Money to the IRS?
Working with the IRS has never been easy, and tax settlement agreements are always complicated...
What to Do If You Receive a
Collection Letter from the IRS
You open up the mailbox, expecting the usual mix of bills and catalogs, but what you find is a...
5 Critical Reasons to Hire a Tax Resolution Professional
Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing...
Do You Have Unfiled Tax Returns? Here’s What To Do.
Filing your taxes is never a fun thing to do, but if you don't file them at all then the IRS will...
Do You Owe Money to the IRS?
Possible Tax Resolution Strategies to Set Your Mind at Ease Even for honest taxpayers, the IRS can...
Small Business Owner: Owe Payroll Taxes? Here’s What To Do.
Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kinds of back taxes...
If You Don’t Have Money to Pay Your Taxes, You Have Legitimate Options
If you don't have money to pay what you owe the IRS, you have a few options to work with. But,...
Is it Bad to Settle With the IRS?
You may have heard on the radio, TV, and online that you can settle your tax bill for less...
7 Reasons to Work with a Tax Resolution Professional To Resolve Your Back Taxes
When you owe money to the IRS, it is hard to think about anything else. While being in debt is...
Do You Owe? Stop Panicking!
Do You Owe Back Taxes? Why You Should Stop Panicking & Start Planning If you owe back taxes to...
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