Working The Puzzle From All The Angles
On Behalf of Demetrius J. Karos, Ltd. | Mar 22, 2025 | IRS
For some taxpayers, income tax debts are a minor issue. They have secondary streams of income, such as rental houses or investment accounts, that result in an underpayment of estimated taxes. They may have money due when they file their annual income tax return. In...
On Behalf of Demetrius J. Karos, Ltd. | Feb 25, 2025 | Tax Evasion
Most individuals and businesses have income tax obligations. It is common practice to try to minimize income taxes. There are an assortment of different tax avoidance strategies that are perfectly legal. People make pre-tax contributions to retirement savings...
On Behalf of Demetrius J. Karos, Ltd. | Feb 13, 2025 | Uncategorized
When it comes to estate planning, one common question is whether you can move your house under a trust after purchasing it. The answer is yes, and doing so can offer several benefits, including asset protection and avoiding probate. Here, we explore the process and...
On Behalf of Demetrius J. Karos, Ltd. | Jan 27, 2025 | Tax Controversy
Most people only think about taxes briefly each year when they put together their annual income tax returns. Their employers handle the estimated withholding from their paychecks, and they may never think about their tax obligations after initially filling out their...
On Behalf of Demetrius J. Karos, Ltd. | Dec 30, 2024 | Tax Law
Most professionals don't have to worry much about taxes. They fill out basic paperwork with their employers when they start new jobs. Those documents may include tax paperwork identifying their dependents for tax withholding purposes. For most employees, their...
On Behalf of Demetrius J. Karos, Ltd. | Nov 27, 2024 | Tax Law
Tax debts are notorious for inspiring financial hardship. The Internal Revenue Service (IRS) can be a very aggressive collection agency. People who underpay their federal income taxes or fail to file tax returns may end up owing substantial debts that amount to more...
On Behalf of Demetrius J. Karos, Ltd. | Nov 22, 2024 | IRS, Tax Law
Today's financial landscape is complex for individuals and businesses alike, and tax laws can make things even more complicated, especially because they change very often. In this ever-evolving field, having additional knowledge about taxation has become critical. One...
On Behalf of Demetrius J. Karos, Ltd. | Oct 25, 2024 | Tax Controversy
People facing tax controversies related to unpaid income taxes may consider drastic solutions for their legal challenges. After all, the Internal Revenue Service (IRS) is notorious for aggressively pursuing tax debts. Those worried about the possibility of wage...
On Behalf of Demetrius J. Karos, Ltd. | Sep 25, 2024 | IRS
Running a business is no easy task, and the thought of an IRS tax audit can be a source of anxiety for many business owners. However, being prepared and organized can make the process more manageable and streamlined. A tax audit isn’t necessarily a sign of wrongdoing,...
On Behalf of Demetrius J. Karos, Ltd. | Sep 17, 2024 | IRS
The Internal Revenue Service (IRS) is strict about taxes. It expects taxpayers, individuals and businesses alike, to pay their bills and pay them on time. Failure to do so can result in serious ramifications, including financial penalties and possible legal...
