News and Events

For U.S. taxpayers faced with unpayable tax debt, an Offer in Compromise may be the best path forward.  Under the Offer in Compromise program, the IRS and taxpayer may agree to settle a tax debt for less than the full amount owed.  This allows the taxpayer to relieve their crushing debt burden, while the IRS is able to collect a portion of the amount owed.

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You are probably aware that there is an option to delay filing a tax return. What you may not know, however, is that if you owe taxes and fail to file and pay on time, you will likely incur interest and be assessed penalties on that late tax payment. In fact, two penalties could apply: one for filing late and one for paying late, and interest accrues on top of these penalties. Read More

When many people hear the term “tax shelter,” they automatically think that some type of shady dealing is afoot. But nothing could be further from the truth.

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Failure to file tax returns that include all income earned in the United States is illegal and could lead to sanctions, including fines, penalties and even incarceration, depending on the severity of the non-compliance. Read More

Everybody dreads an Internal Revenue Service audit. Most of the time people have nothing to worry about. But whether or not you feel confident in your ability to make it through an IRS tax audit, understanding the different types of IRS audits and consulting with a Maryland IRS audit attorney could help allay your fears.

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