Category: Tax Law

Tax law can be complicated and often require help to fully understand. Are you struggling to figure out which of those laws affect you? Silver Tax Group has all the know-how on what’s going on, and we’re here to get you the information you need.

We provide new information every week about important changes put out by the IRS, frequently asked questions, and anything else you might need to know.

A few of the many articles you’ll find include:

  • Information on filing as a freelancer
  • How to knock out your tariffs as a married couple
  • Changes in the laws in 2019

And so much more! Whatever you need to learn about, you’re sure to find something at Silver Tax Group’s Tax Law blog.

The IRS Put a Lien on Your House — Now What?
Tax Law

The IRS Put a Lien on Your House — Now What?

If you are a homeowner, the IRS may place a lien on your home for failure to pay your tax debt. Here is what the lien entails and how you can remedy the issue.

Everything You Need to Know About CP2000 Notices
Tax Law

Everything You Need to Know About CP2000 Notices

When the IRS receives a tax return that has different information from that reported by other entities such as your employer, bank, or loan holders, you may receive an IRS Notice CP2000.

High Tax Kick-Out (HTKO)--Overview And Scenarios
Tax Law

High Tax Kick-Out (HTKO) Overview & Scenarios

This overview is not a deep dive into the tax code concerning foreign income and tax credits, but rather an overview of High Tax Kick-Out and some HTKO scenarios.

A Simple Guide to FBAR Quiet Disclosure
Tax Law

A Simple Guide to FBAR Quiet Disclosure

If you are among the growing number of business owners who have assets outside the United States, then you likely know how important it is to protect your offshore assets. Here is a look at the role that FBAR Quiet Disclosure plays in IRS reporting and the penalties associated with the process.

8 Reasons Why You Should Hire a Tax Attorney
Tax Law

8 Reasons Why You Should Hire a Tax Attorney

Tax-related issues should be handled thoughtfully and given careful consideration. Here is an outline of why and when it is crucial to engage a tax attorney to handle your tax issues.

Delinquent FBAR Submission Procedures Explained
Tax Law

Delinquent FBAR Submission Procedures Explained

The IRS requires Americans to report foreign financial accounts — including bank accounts, mutual funds, and brokerage accounts — to the Treasury Department, in addition to keeping records of those accounts. Here’s a look at the delinquent FBAR submission procedures that you must follow in order to fulfill the IRS requirements.

The Big Mystery: Is There A Statute Of Limitations On IRS Form 926?
Tax Law

IRS Form 926: What You Need To Know

During the last year, did you transfer property to a foreign corporation? Or are you planning to make a transfer this year? If you are making this type of transfer, you will need to file IRS Form 926.

IRS "Currently Not Collectible" Agreement
Tax Law

IRS “Currently Not Collectible” Agreement

When people’s tax situation gets precarious due to lack of adequate income, a common course of action with the IRS is to start a payment plan. The Currently Not Collectible status may be a good option.

Can the IRS Place Levy on My Business's Accounts Receivable?
Tax Law

Can the IRS Place a Levy on My Business’s Accounts Receivable?

If you’ve been unable to pay your full tax burden at the time it’s due, you might be wondering if the IRS can levy your company’s accounts receivable. The easy answer is, yes, they can. Here’s some more information you need to know.

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