Year: 2021

kienitz settling your tax debt with an offer in compromise

Settling Your Tax Debt with an Offer in Compromise

One of the reasons why tax debts are so challenging for taxpayers is because they’re so difficult to get rid of. They often can’t be discharged during bankruptcy. Then there’s the ability of the IRS or the California Franchise Tax Board (FTB) to place liens on the taxpayer’s property and garnish wages.

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kienitz 2021 tax scams to watch for

2021 Tax Scams to Watch Out For

Tax scams are nothing new. They’ve been around for a while and will continue for the foreseeable future. The only thing that will change is how scam artists run these cons.

In 2021, the IRS saw some new scams, many of which have some relation to the coronavirus. In this blog post, we’ll take a look at a few of these scams, including how they work and how to identify them.

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kienitz how to remove tax liens and levies

How to Remove Tax Liens and Levies?

Tax debts are some of the hardest debts to deal with. There are several reasons for this, such as special treatment during bankruptcy proceedings and the fact that it’s the government trying to collect the debt.

However, another major challenge is that government taxing authorities, such as the Internal Revenue Service (IRS) and the State of California Franchise Tax Board (FTB), can use liens and levies to help collect tax debts.

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kienitz what happens when you fail to file your business tax return

What Happens When You Fail to File Your Business Tax Returns?

Running a business isn’t easy. One of the biggest challenges businesses face is managing their expenses, including tax liabilities. Part of the process of handling a business’s tax obligations is the preparation and filing of a business tax return. But what happens if a business doesn’t file a tax return on time or makes a mistake on the return? And should it even matter if the business doesn’t owe any taxes?

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