Posted by Rob on September 13, 2009 under Immigration Law | 
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1. What is an IRS tax lien?A federal tax lien is the government’s claim on your property as security against an IRS tax debt. Before a lien can be filed, the IRS must notify you and send a notice of payment due. If a delinquent taxpayer refuses to pay the debt after 10 days, then [...]
Posted by Rob on September 4, 2009 under Immigration Law | Be the First to Comment
Nothing creates a sinking feeling in the pit of your stomach like getting a letter from the IRS tax department Dallas saying that you owe them money. It can literally make you sick. There have been cases where the IRS has even driven people to suicide over debt that was not even theirs. If you [...]
Posted by Rob on August 29, 2009 under Immigration Law | Be the First to Comment
Failure to FileOne of the most common mistakes a taxpayer can make is failing to file a tax return. If you live and earn income in the United States above a minimum threshold amount during a particular year, you are required to pay taxes and report that income by filing a federal tax return. Many [...]
Posted by Rob on August 26, 2009 under Immigration Law | Be the First to Comment
So, you have an IRS tax claim. You have basically two choices when you have a tax claim in Dallas. You can either choose to try to represent yourself and deal with the IRS regarding the claim or you can hire a tax attorney in Dallas who has vast knowledge of the income tax laws [...]
Posted by Rob on August 14, 2009 under Immigration Law | Be the First to Comment
Private placement life insurance is a pre-emptive IRS audit tax strategy that transforms taxable ordinary income and capital gains into tax-free income (with no income tax reporting required under current U.S. Law). Please reference IRS Private Letter Ruling 200244001 (May 2, 2002). For U.S. Persons with investment income, private placement life insurance provides for compliant, [...]
Posted by Rob on July 18, 2009 under Immigration Law | Be the First to Comment
According to IRS, every American citizen is responsible for filing their own tax return when required to do so through a duty known as voluntary compliance. Fortunately the majority of Americans comply by determining and paying the correct amount of taxes to the government. However, there are many that willfully and intentionally violate their legal [...]
Posted by Rob on July 15, 2009 under Immigration Law | Be the First to Comment
The tax codes change on an annual basis. While some of these changes help taxpayers save money, others cost taxpayers a lot of money. Not all these changes will impact you at a personal level. In any case, it pays to know the various changes made to tax codes. You can use this knowledge not [...]
Posted by Rob on July 12, 2009 under Immigration Law | Be the First to Comment
There are a number of companies around today that claim to be able to provide consumers with IRS tax debt settlement help. In some cases, these are attorney firms that specialize in tax law. Others are more or less debt counseling agencies with some expertise in dealing with the Internal Revenue Service. Choosing the right [...]
Posted by Rob on July 9, 2009 under Immigration Law | Be the First to Comment
Like any other law, tax law also changes the only difference is that it changes every year which affects our filing of tax return for the year. You can benefit from these changes like you can start to save money because of the change made if not it will be the other way around. Some [...]
Posted by Rob on July 6, 2009 under Immigration Law | Be the First to Comment
The IRS has wide powers of collection of tax. One of the first things they do is to file a lien. Actually, by law, lien attaches to all the properties of the tax payer once a federal tax demand is raised. What this means is that the IRS has a right over these properties to [...]