IRS Problem Solver Attorney Mary King Discusses New Issues For Filing 2014 Tax Returns
Jan 12, 2015
Attorney Mary E. King appeared on the talk radio show Money For Lunch to discuss new considerations taxpayers must deal with when filing their 2014 tax returns.
Chief among the concerns were the changes made to many tax forms to include additional information for the implementation of the Affordable Healthcare Act often referred to as ACA or Obamacare.... read story...
Tax Attorney Mary King Wins Two Awards At The EXPYS
May 12, 2014
IRS Tax Relief Attorney Mary King has Won Two Awards at The 2014 National Association of Experts, Writers and Speaker Awards.
Attorney Mary King With Kevin Harrington of "Shark Tank"
Mary King, owner of the Law Office of Mary King P.L. In Sarasota Florida, received an Award for her contribution as an expert author of Protect And Defend. In the bo... read story...
Florida Tax Attorney Mary King Joins Elite MasterMind Group, The X-Group
May 08, 2014
Mary King, attorney and tax lawyer, was recently selected to be a part of the exclusive “X-Group” – a new Dicks + Nanton Ultimate Celebrity Expert® Mastermind group.
Sarasota, Fla. – May 8, 2014 – Best-selling author Mary King, a tax attorney and frequent public speaker for civic organizations, is proud to announce that she has been accep... read story...
Florida Tax Attorney Mary King Now Taking IRS Criminal Defense Cases
Mar 01, 2014
Sarasota Florida Based IRS Tax Defense Attorney Mary E. King Esq., has expanded practice areas to include representing clients for criminal tax cases.
The IRS resolution law firm Law Office of Mary King P.L. Has added to it's list of tax-related practice areas and will be accepting new cases for individuals and businesses with criminal tax problems. Th... read story...
Who is Responsible for Unpaid Payroll Taxes
Employers based in the United States are required by law to deduct payroll taxes. But did you know that there are situations where the person, not the business, can be held legally accountable? When faced with a payroll tax problem, the IRS will conduct two tests to determine whether the business or an individual should be held liable, they include the Responsible Person test and the Willful Failure test.
Responsible Person Test
A Responsible Person is broadly defined as a person who is legally obliged to make a tax payment. There are a few criteria used to render this judgment. If an individual has the capacity to allocate funds, she will be thought to be responsible. Similarly, the authority to sign checks is another indicator. A Responsible Person can be broadly defined as anybody who has authority over a company's finances. It can also include employees with hiring and firing power.
Further, sometimes even former employees can be Responsible Persons. It depends on whether the former employees have retained their financial authority in the company. Although, one caveat is that employees who are not owners and not exercising autonomous judgment are not Responsible Persons. Despite... ...read full post
5 Ways to Stop the IRS from Garnishing Your Wages
If you're having trouble paying your taxes, you may be afraid that the IRS may garnish your wages. You're not alone. Countless others face the same problem. But there are things you can do to either prevent the IRS from garnishing your wages, or stop the garnishment if it's already happening to you.
Pay Off Your Back Taxes Immediately
The easiest way to stop the IRS from garnishing your wages is to make sure all of your taxes are fully paid as well as any interest or penalties that may have accrued because of late payments. Obviously this option may not work for everyone, but if you have the means, this is the best course of action.
Look For Missed Credits or Deductions
Another option is to have a tax professional comb through your tax records to see if any credits or deductions were overlooked. Yes it will cost money to have a skilled professional look at your records, however the money you pay could well be worth it. If you owe a lot of money and a big deduction or credit can be found, this option could reduce a great deal of your total tax... ...read full post
Trust Fund Recovery Penalty a Serious Issue That Warrants An Attorney's Expertise
Most business owners know that they are responsible for ensuring that the payroll taxes for themselves and their employees get paid to the Internal Revenue Service (IRS). Something many people don't realize is that, unlike other corporate taxes, owners can be held personally liable if those taxes go unpaid. Furthermore, employees, officers and even shareholders of companies can be penalized for unpaid payroll taxes under certain circumstances.
Pensive businessman calculates taxes at desk in office
It is important to understand that payroll tax debt is very different than other types of corporate debt. In most cases, individuals are protected from personal liability for business debts, even those for a business they own. However, federal law places a personal responsibility for ensuring that payroll taxes are paid on any individual who they can reasonably assume has the authority and ability to make sure the taxes are paid on a timely basis. This could mean officers and employees of the company, as well as possibly shareholders and even third parties, such as an outside accountant.
Unlike other types of taxes, payroll taxes - including FICA. Medicare and withheld income... ...read full post
Can You Really Negotiate With The IRS For Reduced Payroll Tax Debt?
Businesses with employees are required by law to make payroll tax payments to the Internal Revenue Service in a timely manner. Payroll tax withheld by an employer, to be paid to the IRS, is also known as trust fund tax. In reality, the employer holds the money in trust for its employees.
The IRS reports that there are an estimated 2 million businesses that owe over $50 billion in unpaid payroll taxes. The IRS is aggressive in seeking payment of past-due payroll taxes.
A business facing an issue involving past due payroll taxes needs to understand what options are available to effectively address the issue. Possible strategies include retaining experienced legal counsel to negotiate with the IRS and attempt to arrange an offer in compromise to deal with the payroll tax debt.
IRS Enforcement Test
The IRS utilizes a test to determine a business's liability for payroll taxes. First, the business must be responsible for collecting and paying payroll taxes to the IRS. Second, the business must have willfully failed to properly collect and pay payroll taxes to the IRS.
Penalties for Nonpayment of Payroll Taxes
The IRS has stiff penalties for failing to pay... ...read full post
Is The IRS Fresh Start Program For Real?
The IRS has a way to help tax payers who get behind. This is called the Fresh Start Program. This program helps both individuals and businesses create a plan to settle their back taxes and move forward. The program can help a payer avoid tax liens and seizures that make it difficult for the payer to continue to live or conduct business.
Development of the program
The U.S. government began the Fresh Start program in 2008. Changes in 2012 make it even easier for taxpayers to settle old debts. For example, if the payer faces a period of unemployment, they might qualify for penalty waivers. Payers can also qualify for extensions without penalty. Users can take advantage of installment agreements and compromise programs. It's important to work with a team of skilled and experienced attorneys in order to help you choose the best option in your case.
If you owe back taxes, you may be able to arrangement for a payment plan. This is called an installment agreement. You can pay monthly amounts instead of worrying about the IRS trying to seize... ...read full post