Are you in a bankruptcy or considering filing for bankruptcy? If so, you may be wondering what happens to your tax refund in bankruptcy. Tax Refunds in Bankruptcy It is important to understand that the court will treat your tax refund as property of your estate. The amount that the trustee requires be sent back [...]
With tax season approaching, IRS scammers are using a variety of methods to contact you. In fact, they are contacting people through regular mail, telephone calls, emails, or even text messages. Keep in mind that the IRS will not contact you via text messaging or initiate contact with you by email or social media. Protecting [...]
Tax season is approaching quickly. Are you ready? With the pandemic, a delayed tax season from last year, and stimulus payments, IRS employees are dealing with a lot. There has never been a better time to file early and electronically, if possible. E-filing is more efficient and faster than mailing in your taxes. You can [...]
At the Law Office of Daniela Romero, we hope that you are staying safe and unhealthy. In these uncertain times, you may be wondering what help is out there for you. In fact, you have probably heard about the CARES Act, but may be wondering what it is and how it can help you. So, [...]
The IRS filing deadline has been extended for your tax returns. This changes the date from April 15 to July 15, 2020. Remember, if you cannot file by the extended date, the IRS does offer extensions. Contact the IRS if you need an extension. The extension will also apply to tax payments, and you will [...]
Do you have unpaid tax debt? If so, you are at risk of having the IRS place a levy. The IRS is unlike any other debt collector. The IRS has the power to take money without filing a lawsuit. However, you will receive ample notice before the IRS takes anything from you. What is an [...]
If you have IRS debt, you may not know how the IRS differs from other debt collectors. The IRS is not like other debt collectors! What You Need to Know About the IRS They have the power to file lawsuits, garnish your wages, levy your bank accounts, or even put a lien on your home. [...]
Tax season is almost here and we want you to know the common errors that you should avoid when filing your taxes. Did you know that filing your tax return electronically can reduce errors? According to the IRS, the software will help you with the math, help you remember missing information, and even flag common [...]
If you have an expiring Individual Taxpayer Identification Number (ITIN), you will want to renew your number right away. Your number could be one of 2 million that will be expiring at the end of 2019. Renewing your ITIN number can help you to avoid tax refund delays next year. As we have previously discussed, [...]
Coming to the decision to file for bankruptcy can be a difficult decision. No doubt you have weighed your options carefully before coming to this decision. We understand. Now, you may be wondering what you should do next and if anything should be avoided. So, here is a list of common bankruptcy mistakes to avoid: [...]
