Received an IRS Bitcoin Letter? The IRS recently sent out approximately 10,000 letters across the US to those who have sold Bitcoin or other cryptocurrency (i.e., LiteCoin, Ethereum, etc.) in the past. These letters signal the IRS’ intentions to increase enforcement of unreported Bitcoin and other cryptocurrency transactions as they stand to gain additional revenue…
It’s hard to drive through a neighborhood these days without seeing an Opendoor “For Sale” sign proudly featured on the lawn. This company and others like it have disrupted the traditional real estate market by allowing an alternative method for people to sell their homes. But can a house with a tax lien be sold…
Surprised to owe taxes this year? The new tax laws that went into effect with the 2018 tax returns have caught more than a few North Carolina residents off guard. For many people, this will be the first time in a long time (or ever) owing the IRS and/or the North Carolina Department of Revenue…
How many years of back tax returns need to be filed with the IRS or NCDOR? Perhaps it’s been a while since you last filed a tax returns with the IRS or North Carolina Department of Revenue (NCDOR) and now you want to get back into tax compliance. You may be happy to know that…
Many people are asking themselves “why do I owe taxes this year?” or “what happened to my refund?” for the first time in a long time or ever! On the surface, the reason for owing taxes or getting a reduced refund when you file this year is due to massive tax law changes that recently…
“How much will the IRS accept to settle tax debt?” is a common question for people with back tax issues. The IRS will agree to settle back tax debt in cases where a person is unable to pay back the tax debt in full within the time allowed by law. IRS tax settlements are often…
Why would the IRS even consider settling a tax debt? After all, you rightfully owe an IRS tax debt and they can legally enforce collection from you through wage garnishment, levying your bank account, and much worse. What’s the incentive for the IRS to settle tax debt or to offer tax relief? The answer is quite simple. …
Are tax debt relief companies a scam? This is a valid and very logical question to ask especially if you are faced with back taxes and growing tax debts with the IRS or North Carolina Department of Revenue (NCDOR). Chances are that you’ve witnessed the TV and radio ads where you have happy people sharing…
Have unpaid tax debts or unfiled back taxes and looking for a fresh start? If so, I can help! Over the past 12+ years I’ve helped many clients from Raleigh, North Carolina and the Greater Triangle area to resolve their tax debt issues with the Internal Revenue Service (IRS) and the North Carolina Department of…
The main focus of our practice is income tax representation for individuals. Many taxpayers who contact us at our Raleigh, NC office often reach out in panic because they received a notice from the IRS requesting money to settle back taxes. While intimidating, it can often be helpful to attempt to understand what the IRS…