Grego Law Related News
If you find yourself in the unenviable position of owing more taxes than you can pay, then it is possible you may be eligible to settle your federal tax liabilities by submitting an offer in compromise to the IRS. The amount you will offer will be less than the full amount due, however in order […]
June 1, 2012 – The Internal Revenue Service announced taxpayer favorable changes to its “Fresh Start” initiative. More flexible options were made to the Offer-in-Compromise (OIC) program that should help “some of the most financially distressed taxpayers to clear up their tax problems and in many cases more quickly than in the past.” See IR-2012-53, May […]
Under federal and state laws, taxpayers are charged with meeting specific tax obligations. Taxpayers must file their returns in a timely fashion, enclose the precise payments and ensure the accuracy of the returns even if they were not the actual preparer. Even if you pay a tax preparer to do your taxes, ultimately you are […]
One of the most serious tax violations involves the failure of an employer to send in payroll taxes which have been withheld from employee pay. Despite the seriousness of the issue this is also one of the most common tax problems. The IRS must give employees the benefit of all taxes which were withheld by […]
A significant number of individuals in New Orleans and other parts of Southern Louisiana and Mississippi have received payments for lost wages as a result of the Deepwater Horizon BP Oil Spill. It seems established that the payments will be taxable as income. However, very different tax consequences are possible depending on whether the individual […]
IRS attorney New Orleans Paul Grego says do not let the Internal Revenue Service bully you during a tax audit. One of the worse mistakes a tax peer can make during an audit is to just simply give up their hard earned money and pay the fines without first speaking to an IRS attorney in […]