Blog

How to Protect Yourself When Paying Taxes - Vital Steps You Need to Take Now

March 27th, 2020
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… Read More
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Categories: Federal Taxes / IRS

Why the IRS Cares About Your Cryptocurrency Holdings, and Why Now is the Time to Come Clean

March 18th, 2020
Posted By
Jim Liang
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… Read More
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Categories: Cryptocurrency, Federal Taxes / IRS

How to Stop an IRS Tax Levy

March 4th, 2020
Posted By
Jim Liang
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… Read More
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Categories: Collection Matters

How Can I Pay My Federal Taxes with Installments or Monthly Payments?

February 17th, 2020
Posted By
Jim Liang
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… Read More
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Categories: Collection Matters

3 Tax Resolution Strategies the IRS Offers

January 31st, 2020
Posted By
Jim Liang
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… Read More
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Categories: Collection Matters, Non-Filers, Penalties

Why Doing Your Own Business Taxes or Resolving Your Own Tax Problem is a Terrible Idea

January 21st, 2020
Posted By
Jim Liang
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… Read More
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Categories: Federal Taxes / IRS, Filing 2019 Taxes

What to Do If You Have Unfiled Tax Returns

December 26th, 2019
Posted By
Jim Liang
No one likes filing their taxes, but not filing them at all is never a good idea. The IRS is a powerful collection agency, and an unforgiving one. Getting on the bad side of the tax agency is not fun. Having years of unfiled returns is one of the wor… Read More
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Categories: Non-Filers

Tax Resolution and Your Finances: What is an Offer in Compromise?

December 16th, 2019
Posted By
Jim Liang
Owing money to the IRS can be frightening to say the least. It is easy to feel helpless in such a situation, but you should not let fear and feelings of helplessness freeze you into inaction. Every day you wait is one more day interest and penalties… Read More
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Categories: Collection Matters

Why This Should Be The Year You Pay Off Back Taxes

November 26th, 2019
Posted By
Jim Liang
According to the IRS, more than 13.2 million Americans owe back taxes. The majority of these cases involve amounts that seem impossible to pay off. That leaves those tax-owing Americans in a difficult position. They want to pay, but they can’t,… Read More
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Categories: Collection Matters

When DIY Won't Do: 3 Times When Hiring a Tax Relief Professional is the Only Way to Go

November 17th, 2019
Posted By
Jim Liang
When it comes to your money, there’s only one person that truly has your best interests at heart – and that person is looking back at you in the mirror. Handling your own finances and making your own decisions can give you peace of mind and h… Read More
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Categories: Federal Taxes / IRS
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Meet Jim Liang

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Jim has over 18 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.

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