Tax Relief

Unfiled Tax Returns: What Do You Do?

by McNair Law Firm, P.A. The United States has a voluntary income tax reporting system.  U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the IRS, reporting their “worldwide income”, deductions, and their “net taxable income”,

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Tax Tips: IRS Explains How Offer in Compromise Works

IRS Special Edition Tax Tip 2017-07, April 26, 2017                                                        Español Taxpayers who have a tax debt they cannot pay may have heard that they can settle their tax debt for less than the full amount owed. It’s called an Offer

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Tax Tip: Important Facts About Filing Late and Paying Penalties

IRS Tax Tip 2017-51, April 20, 2017                                                                Español April 18 was this year’s deadline for most people to file their federal tax return and pay any tax they owe. If taxpayers are due a refund, there is no penalty

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