It's never too early or too late to catch up on your taxes

Don't let these common misconceptions stop you from reaching your financial goals


"I can always catch up next year."

You don't know that, and it's much better to play it safe. The earlier you reach out to the IRS, the better your chances of working out a fair solution. Wait to reach out, and they'll have no choice but to take a more drastic approach, like wage garnishment (taking a portion of your paychecks) or bank levy (freezing your bank accounts).

"If I don't file my taxes, the IRS will forget about me."

Don't play this game with the IRS. By choosing not to file, you are not only not hiding from them, but you are making their jobs harder and worsening your own situation. If you don't know how to file your taxes given your current finances, talk to a tax attorney about your options.

"I haven't heard from the IRS, so there isn't a problem."

False. Sometimes it takes the IRS a few years to catch up to you because they have so many accounts to keep track of. Meanwhile, your debt has been worsening, and the penalty fees are adding up. Do not wait for the consequences to catch up with you. Get proactive about finding a fix.

"I'm too far behind now to ever catch up."

It may feel that way, but actually, no. The IRS understands the stress that you're under and genuinely wants to help you find a way forward. If you're willing to work with them, it's never too late to find a solution that makes sense for the IRS and you. For my part, I would be happy to help you reach an agreement that is realistic and reasonable.

Dallas-Fort Worth Tax Attorney

Updated AP HP

Bill Smith

Attorney

I became a tax lawyer because I wanted to make life easier for people facing tax trouble. Work with me, and I'll do everything I can to reduce your financial stress.

Julia-Updated HP AP

Julia Kozyreva

Tax Assistant

As a paralegal and tax assistant, I help Bill draft and file paperwork, solve problems, and — most importantly — make sure our clients are well taken care of.

Think you can't afford a lawyer?

You can. I take steps to ensure my services are within everyone's budget.


1.

Start things off
with a free consultation

Our first sit-down gives you the opportunity to ask questions, find out how serious your situation really is, and explore solutions. Best of all, it costs you nothing.

2.

Always work on
a flat-fee basis

Once we've reviewed your tax standing together, I will quote you a flat fee for my services. This fee will be based on what's realistic for you, and it will not change.

3.

Negotiate a new
deal with the IRS

When I speak on behalf of my clients, I can often convince the IRS to reduce the amount of money they owe and work out a reasonable debt repayment plan.

Avoiding the IRS will not make your tax issues disappear.

Let's work together on this.

When it comes to finances,
everyone has their bad years.

"Having a bad year (or two, or ten) doesn't mean you'll be buried in tax problems forever. If you're willing to get proactive about your situation, I'm more than willing to guide your way to tax relief."
Bill

Believe it or not, the IRS
wants to get you back on track.

People tend to fear the worst when it comes to Internal Revenue Service. Homeowners worry that IRS representatives are going to march up their doorsteps and demand money, small business owners worry that their companies will be snatched away from them, workers worry that their paychecks or bank accounts are going to be seized without notice — the list goes on. 

Granted, the IRS can seize paychecks, bank accounts, and assets under certain circumstances, but these are drastic measures that they try to avoid. In fact, things like wage garnishment and bank levies really only come into play when you repeatedly ignore IRS warnings. If, on the other hand, you communicate your inability to pay and express a willingness to work out a deal, you'll find that the people at the IRS are often very reasonable.

For instance, let's say a setback in your life — like getting sick, losing your job, or getting divorced — led you into some financial trouble. Now you owe $10,000 to the IRS, and you have only $5,000 in the bank. The IRS would rather you pay what you can and move on than dig yourself and your family into deeper debt by avoiding the problem. After all, the sooner you recover from today's debt crisis, the sooner you can get back to being a productive taxpayer. 

What my past clients have to say


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My wife and I came to your company for tax assistance... You accepted this task at a fair fee that was within our budget. We so appreciate the help and patience you have given us.


Tim and Lisa O.
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Bill, I would be more than happy to recommend you to anyone finding themselves in a difficult situation with the IRS because I know they would receive the very best counsel and defense possible.


William S.
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They are honest, straight forward, highly competent, as well as compassionate. They have my highest and most sincere recommendation.


Howard B.

Tax KnowledgeGet familiar with these concepts so that you can make informed decisions.

"Delinquent taxes" are taxes that you didn't pay to the IRS by the due date. You can catch up, but it's best to move quickly.

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If your spouse or ex-spouse filed taxes incorrectly, and you're being penalized, you may be able to prove that the mistake wasn't your fault.

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If you are unresponsive to their warnings, the IRS can take a portion of your wages. I help people find solutions when this happens.

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Bank levy is when the IRS freezes your bank account in order to collect debt that hasn't been paid. The good news — bank levy can be fixed.

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"Offer in compromise" is a fancy way of saying "debt negotiation." If you qualify, you and the IRS will agree on a new, lower amount of debt.

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If you can't pay your taxes all at once, you should consider an IRS payment. These allow you to pay off your debt in affordable

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