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Category: General

April 18, 2022

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Why lottery winners go broke

Playing the lottery is a little like fishing. You put in you line and sit and wait, hoping for a bite. You tell yourself “somebody has to win.” And somebody always does. Sadly, the people who win do not always have a plan in place. It’s like fishing without a […]

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General

May 31, 2019

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Passport Restrictions

If you travel (or plan to travel) internationally but have substantial tax debt, the IRS has you in its crosshairs as never before. Under a new law, the IRS is required to use passport restrictions as a tool to collect taxes in certain cases. If you owe $50,000 or more […]

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General

May 31, 2019

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New Flexible Offer in Compromise Terms

Experienced Tax Attorneys in Dallas-Fort Worth In May, 2012, the IRS announced taxpayer-friendly changes benefiting those seeking to pay tax debts using offers in compromise (OICs). At the Dallas-Fort Worth law firm of Brown, PC, we are prepared to help taxpayers understand the new OIC terms and determine their eligibility […]

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General

May 30, 2019

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IRS Liens and Levies

Whether IRS collection action is just beginning, or if the IRS has already issued a lien or levy against you, your wages or your other property, we can help. Often, we can arrange for the voluntary termination of a wage or bank levy by the IRS. At other times, we […]

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General

May 30, 2019

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Passport restrictions for significant tax debt

The agency is serious about enforcing this provision of tax law against those with serious past-due federal taxes. Under a relatively recent provision of federal law, U.S. passport holders or applicants may face problems with travel if they owe at least $52,000 in federal taxes, plus penalties and interest. Anyone […]

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General

May 24, 2019

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IRS expands due diligence requirements for tax preparers

Tax preparers now have a new due-diligence duty: to document their investigative efforts to confirm client eligibility for claiming head-of-household status. U.S. tax preparers are subject to tax laws that require them to exercise due diligence when they prepare tax returns for taxpayers who claim certain financially advantageous credits: Earned […]

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General