Despite the IRS being slammed right now due to COVID-19, millions of Americans still owe money to the IRS in back taxes for previous years and they’ll increasingly find themselves unable to pay up all at once. In this article, we walk you through I…
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COVID-19 is affecting millions of Americans in all aspects of their life. As of the beginning of May, 1 million Americans tested positive for the disease. A much more striking number is the number of people whose finances have been shred to pieces wi…
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Much like a natural disaster, the coronavirus took the world by storm and forced everyone to seek “shelter at home” and to change their daily habits in an effort to “flatten the curve”. This meant shutting down businesses and within a week, m…
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COVID-19 turned the world upside down. With most of the country shut down, businesses closed, and people forced to “stay-at-home” in order to keep everyone safe, it was just a matter of time before the IRS postponed Tax Day. On March 21, 2020, th…
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Tax season can be an unpleasant time of year for a lot of taxpayers, especially if you owe money to the IRS or State. The only thing you can do is make the most of it, prepare ahead of time, and pay the lowest amount allowed by law. Whether you are d…
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After years of flying under the radar, taxpayers who hold Bitcoin, Ethereum, Litecoin and other cryptocurrencies are finally getting their fair share of scrutiny from the IRS. The tax agency, it seems, has figured out that cryptocurrency is here to s…
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Of all the creditors or companies you might owe money to, the Internal Revenue Service can be the least forgiving about debt. If you don’t pay your taxes, the IRS will levy and take possession of your property, including cash accounts, wages, a…
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Every year, there are millions of taxpayers who find themselves unable to pay their taxes in full to the IRS. The IRS knows there will be some taxpayers coming up short. The good news is the federal government is happy to work with you. The bad news…
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Taxes are a fact of life, but tax problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans for how to proceed in collecting what they believe you owe. After sending you notices, the IRS can garnish your wages, levy your b…
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Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? Wha…
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Jim has over 20 years of experience as a CPA in Maryland, completing state and federal taxes for individuals, families, and businesses. He also has over a decade of legal experience representing clients in audits, collections, and disputes with the IRS and Comptroller of Maryland.
If you are facing a tax issue during COVID-19, tax attorney and CPA Jim Liang is committed to help. The firm is equipped to represent taxpayers without having to step foot into the office. Contact Jim today for a free consultation.
