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Tax Law Blog

Digital Tax Administration: The Future of Tax Reporting & Transparency

Digital Tax Administration Many business owners recognize a recent shift towards more transparency of data related to tax compliance and new approach to digital tax administration. This is a result of many issues including frequently changing tax policies, digital tools that allow for real-time reporting and the ability of tax authorities to execute more aggressive...

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Back Taxes May Lead to Revoked Passports

Back Taxes May Lead to Revoked Passports Back taxes may lead to revoked passports. The IRS recently notified more than 400,000 taxpayers that their passports will be revoked for back taxes. Under Fixing America’s Surface Transportation (FAST) Act, the State Department must deny any passport applications or renewal requests from taxpayers owing more than $52,000 in...

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IRS Mass Mailing of Tax Bills

How to Respond if You Cannot Pay In Full Contact Us for a Consultation About Your Tax Bill Last year’s tax filing was more complex than prior years because it was the first year that the Tax Cuts and Jobs Act (TCJA) was in full effect. The new tax law created an unwelcomed surprise for many — a tax bill rather than a refund. As a result, many North Carolina...

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How Long is a Federal Tax Lien Valid?

by Justin Moyer, Tax Attorney located in Raleigh, North Carolina How Long is a Federal Tax Lien Valid? We frequently get calls from potential clients who ask us, “how long is a tax lien valid”? They may ask us to help them determine if the “statute of limitations” on an old tax debt has run yet or not. Here’s a quick overview as to how the IRS’ CSEDs...

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Do You Qualify for the IRS Fresh Start Program?

by Michael Murray, North Carolina Tax Attorney The Internal Revenue Service (IRS) works hard to collect back taxes from many Americans each year. The caseload can be overwhelming and get seriously backlogged. In order to help taxpayers get back on track, they established the ‘Fresh Start’ program or ‘Fresh Start Initiative’. Essentially, the...

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Deciding on the Best Business Entity For Your Situation

Choosing a legal structure for your business can be a daunting first step in setting up shop. You may be inclined to simply pick an entity type that you’re familiar with, such as a corporation. But making a poor decision can hurt your business prospects before you’ve even made your first sale. Understanding the differences among business structures can...

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