Law Office Of Mary E. King, P.L. Attorney and Counselor Of Law Because Life Should be Less Taxing ®
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Top Reasons People Get Audited

Nobody wants to get in trouble with the IRS, but there is help available for people who are dealing with fines and penalties. While it may be possible to reduce you overall tax bill and arrive at a reduced settlement, it is far better to avoid the audit and fines to begin with. The first step in avoiding an audit is learning what the IRS looks for and what activities can trigger an audit.

irs audit preparation

Forgetting to Claim Income
It is not just up to you to report your income. Employers are required to report the earnings of independent contractors and their employees. Additionally, people may also claim payments made to you if they’re tax deductible. In addition to reporting income, you must also report dividends, interest income, and other earnings. Failure to do so will result in penalties, fines, and possibly an audit.

Excessive or Creative Business Expenses
There is a bit of leeway when it comes to business expenses, but you should take care with every deduction. Occupational codes are routinely used to determine what’s normal and what may be excessive. If your expenses are not in line with your industry,... read article

Mary King
Attorney Mary King

Why Should I Hire An Attorney For Tax Debt Problems?

If you owe tax debt to the IRS, then you most certainly should contact an attorney to help you. Tax law is extremely complex, and it is hard for a person without experience in tax law to understand the best way to get themselves out of debt in the cheapest and fastest way possible. An attorney can guide you through this process, saving you time, money, and stress.

Attorney Client Privilege

The first thing to know is that tax lawyers are different from tax accountants because of confidentiality. Like other lawyers, tax lawyers and their clients have protected communication and total confidentiality. If you tell an accountant about a tax strategy you used that turned out to violate part of the US tax code, that accountant could be called to testify against you in court. On the other hand, you are completely safe sharing everything with a lawyer- they can never be asked to testify against you.

Next, you gain the right to power of attorney representation with a lawyer. Representation here means that the lawyer can stand in for you in many situations, such as during meetings and answering letters. Because they are experienced in the process of tax law and tax... read article

Mary King
Attorney Mary King

Real IRS Debt Settlement Programs For Tax Payers


solve tab debt problemsAnytime a person owes money to the IRS, this debt can be a huge drain on their life. There are many different ways in which the IRS can come after a person who owes them money. Although we should all pay our taxes, there are times in life when situations dictate our lives. There are many examples of people over the years who have wanted to pay their taxes but simply could not for various reasons. It is vital to work with an attorney that has your best interests in mind in this situation. Unlike the scam filled TV attorneys, our law firm actually has experience helping residents of Florida resolve their tax debt. If you are in a situation where you owe the IRS money, it is vital to get some professional legal advice.

Why Hire An Attorney?

IRS debt is different from typical debt that a person owes. The IRS has a lot of power to make a person's life difficult when tax debt is owed. For example, a person can have their wages garnished at work until the ... read article

Mary King
Attorney Mary King

What Happens To IRS Debts In A Divorce?

Divorce is never a simple matter. Couples typically have property, debts, and custody issues to consider. Taxes are often a thorny topic. If the couple filed a joint return in the past, a partner must now sever tax obligations to the other. When the separating couple owes taxes in arrears, it is particularly challenging to know where to turn for answers.

The divorce court does not view tax debt any differently than any other debt owed by the couple. The divorce attorneys include tax debts in the same category as mortgage, credit card bills, car loans, and other debts. Assets and debts are then divided between the separating spouses. Tax debt must be divided between the spouses according to state laws and the terms of the divorce settlement. Since tax debt can also seriously affect the couple after divorce, it is important to resolve it now.

Community Property States

Some states, including Alaska, Wisconsin, Arizona, Washington, California, Texas, Idaho, New Mexico, Louisiana, and Nevada, consider assets (property) and debts assumed during the marriage as community property. Conversely, property and debt acquired before marriage is the personal property... read article

Mary King
Attorney Mary King

Getting Out From Under Wage Garnishment

Stopping a wage garnishment can be a difficult task, but the feat can often be accomplished with the help of an experienced debt relief attorney. This can even be achieved when facing tax problems in many situations, depending on the level of tax debt. Any creditor has the right to collect debt by taking the debtor to court and request a garnishment, including private or public sector creditors. The best time to address the situation is before the wage garnishment is imposed, but that is not always successful when dealing with an aggressive creditor. Even after the court order is issued, there are methods of at least reducing the strain on your personal budget. However, agencies like the Internal Revenue Service really do not want to request a wage attachment and can be easier to deal with in some cases.

Paying Off Creditors
This may not be possible for some individuals, but paying off the creditor is always the best option. When dealing with the IRS this may be the best option if they are not filing for a huge sum of back taxes. Receiving a pay off loan or selling personal assets can end the problem immediately and avoid... read article

Mary King
Attorney Mary King

Stopping An IRS Levy

By the time you receive a tax levy notice from the IRS, the money you owe in back taxes is pending to be forcibly obtained from your available assets as a last resort.

Your employer’s hands are tied as well, since the IRS will aggressively pursue them to collect on your unpaid debt if they fail to comply with a garnishment of your wages.

When wages are garnished, the IRS will typically draft 25 percent of your income or more. This action alone can create extreme financial hardship, especially if you’re already struggling to make ends meet. However, there are solutions that can stop a levy from taking place if you handle your situation proactively.

Ways to Stop a Levy

The simplest and fastest way to stop a tax levy from going into effect is to pay off your tax debt. Depending on how much you owe, this can be done by borrowing the funds, selling some of your assets or paying the debt off with a credit card. Unfortunately, paying off your tax debt through these methods can create more problems unless you can receive the money free and clear.

Paying Off Your Taxes in Installments

Another option to pay off your tax debt... read article

Mary King
Attorney Mary King

The Mortgage Forgiveness Debt Relief Act And Debt Cancellation


For many people, their homes are their largest and most expensive asset. In addition, for many people in the middle class their net worth is mostly tied up in the equity of their home. There are many people that have had issues with their homes over the past couple of years, however. When the housing market crash in 2007 and 2008, many people found themselves under water on their mortgages where they owed more than the home was worth. In general, when anyone is removed of their obligation on paying back a debt that amount is taxable. For example, if someone owed another person $1,000 and that was cancelled, that $1,000 would be taxable. If a person was in the 20% tax bracket, they would owe $200 on the $1,000 that was cancelled. The good news for home owners that find themselves in a bad situation on a home is that mortgage debt is generally tax exempt.

Debt Cancellation

Whenever money is borrowed through legal means, a person has the responsibility to pay that debt back. However, due to a variety of circumstances people have to default on their debts all of the time. If a lender cancels a debt that is... read article

Mary King
Attorney Mary King

IRS Hacked - Thousands Of Taxpayer Records Stolen

The Internal Revenue Service Website has been hacked, which has compromised the personal and financial information of thousands of people. The hackers were able to gain access to over 100,000 accounts. The Internal Revenue Service has stated that there were 100,000 other attempts made, but they were unsuccessful due to incorrect information. The agency has stated that the attacks first started in February 2015.

The criminals were able to obtain taxpayer information from other sources and use it to answer personal identity questions on the website. People's date of birth, social security information and street addresses were some of the different types of information stolen. The hackers used The Get Transcript Application to gain access to taxpayer information.

The Get Transcript Application allows people to view their tax return, wages and incomes reported to the IRS and tax account information on the IRS website. It is estimated that 23 million people used the Get Transcript Application last year in order to access their tax information.

One of the reasons that the hackers were able to use the access the Get Transcript Application was because it is relatively simple to access. In order to start the process, one must provide a valid email address... read article

Mary King
Attorney Mary King

Top Tax Issues Florida Businesses Need To Know In 2015

2015 has introduced new tax reforms on the state level, federal level and international level. These tax reforms will impact business conduct and procedures in various ways. As long as executives remain familiar with the basic changes, conducting business as usual for 2015 through 2016 should be no sweat.

Some of the key reasons why businesses may be affected in 2015 is the government’s pressure for transparency and political members’ progressive economic projections for the coming years. Such pressures make for strategic plans and firm projections difficult for some companies. In order to remain in compliance with these reforms, hiring a law firm for business tax related purposes is essential, especially with the increase demand for documentation and reportings. Below are tips and outlines of issues that may assist leaders in strategizing and preparing for a challenging road ahead.

Increased Demand for Transparency

In late 2014, an increased pressure for transparency was put on businesses, with a demand for documentation of all transactions, and reporting obligations. These changes were put in place for the sake of putting public speculations and suspicions at ease. Companies that are in... read article

Mary King
Attorney Mary King

Filing Your Taxes Late? What You Need To Know

April 15 is the deadline to file your federal income tax return. It is also the deadline to pay any taxes that you owe. The Internal Revenue Service can impose penalties for people who do not file their taxes by the deadline. People who owe taxes but do not pay them by the April 15th deadline may also be required to pay a penalty.

If you choose to file your taxes late, then there are a few things that you need to know. Below is a list of some of the most important things you need to know about filing your taxes late:

1.) If you do not file your taxes by the tax filing deadline, then you may be required to pay a failure to file penalty. You may also be required to pay a failure to pay penalty if you do not pay all of your taxes by the tax filing deadline.

2.) In most cases, the failure to file penalty is higher than the failure to pay penalty. Even if you will not be able to pay your taxes by the deadline, you should still try to file by April 15. You should try to pay as much of your... read article

Mary King
Attorney Mary King

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