IRS

When Time Slips Away: First-Time Penalty Abatement an Option

On behalf of Frost Law posted in on March 14, 2017.

Being a business owner may involve time warps. When business is good the days fly and there is never enough time to complete everything. When a busy season coincides with tax season, the filing deadline can slip by without you having a chance to get your personal or business return completed. As we approach the […]

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Fudging on Deductions: IRS Warns of Possible Penalties

On behalf of Frost Law posted in on February 26, 2017.

“Fudge” is a peculiar word. As a noun, it refers to a soft, creamy candy or, more generally, to foolish nonsense. As a verb, it means to fake or falsify something, or to bend the rules. When filing taxes, what does it mean to fudge and what can happen if you do? Fudging is hardly […]

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FAQs on Wage Garnishment to Collect Tax Debt

On behalf of Frost Law posted in on February 20, 2017.

If you get behind on your taxes, the IRS could try to go after your paycheck to collect the debt. In this post, we’ll address frequently asked questions about this process. What does “garnishment” mean exactly? Garnishment is an old legal term for the procedure used to take property to pay a debt. In the […]

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3 FAQs on Red Flags for Tax Audits

On behalf of Frost Law posted in on February 11, 2017.

Even if you do everything right, there’s no guarantee your tax return won’t be audited. After all, the IRS does choose some returns at random for auditing. There are, however, certain red flags that can increase your risk of an audit. What are the most common red flags? One is taking overly large tax deductions. […]

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3 FAQs on Passport Denial for Unpaid Taxes

On behalf of Frost Law posted in on February 5, 2017.

Immigrants and refugees aren’t the only people whose travel plans can be affected by changes in federal policy. Under legislation passed by Congress late in 2015, if you have unpaid taxes that exceed a certain threshold, you could have your passport revoked or have an application for one denied. In this post, we will use […]

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3 Reasons to File Your Taxes Early

On behalf of Frost Law posted in on January 25, 2017.

Tax-filing season is officially underway. It’s an annual rite of passage that stretches to mid-April or (with a six-month extension) beyond. Here are three reasons why it often makes sense to file sooner rather than later. Waiting to file can make you more vulnerable to tax refund fraud. The sooner you file your tax return, […]

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Taxes for 1099 Workers, Part 1: Why it’s a Stressor

On behalf of Frost Law posted in on January 3, 2017.

Some people enjoy the flexibility of freelance work. Others take it on because well-paying traditional jobs can be hard to find. Either way, taking care of taxes can be complicated and stressful for independent workers. In this two-part post, we will use a Q & A format to explain why this is and how to […]

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2017 Tax-Filing Season Approaching Fast

On behalf of Frost Law posted in on December 6, 2016.

Christmas is still a couple of weeks away, with plenty of presents not yet purchased, much less placed under the tree or chimney with care. But if Christmas is coming, it also means a new year and a new tax-filing season are approaching fast. This week, the IRS announced details about the opening of the […]

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3 Reasons to be Wary of a Tax Audit

On behalf of Frost Law posted in on November 11, 2016.

A tax audit is hardly a deal breaker for moving forward with life. After all, an audit doesn’t necessarily mean you owe more tax or did anything wrong. And of course a celebrity businessman who has famously been under near-constant audit for the last two decades has just been elected president of the United States. […]

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Private Debt Collectors for Taxes: An Update on the Upcoming IRS Program

On behalf of Frost Law posted in on September 25, 2016.

A few weeks ago, we concluded a two-part post on collection due process rights. At that time, we promised you an update on the upcoming IRS program to use private debt collectors to go after tax debt under certain circumstances. In this post, we will deliver that update, in the form of a Q & […]

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