How Much Are IRS Failure to File Penalties in the USA?
💰In the USA, the IRS Failure to File penalty is incredibly steep, generally costing 5% of your unpaid taxes for every month your return is late, capping at a massive…
by catalog.lawyerMar 25 No commentsHow Long Does the US IRS Have to Collect a Tax Debt?
💰In the United States, the IRS generally has a 10-year statute of limitations to collect unpaid tax debt. This period is known as the Collection Statute Expiration Date (CSED). However,…
by catalog.lawyerMar 25 No commentsHow to Remove an IRS Bank Levy in the USA?
💰To remove an IRS bank levy in the USA, you generally have a strict 21-day holding period to contact the agency before your bank legally surrenders your money. Most taxpayers…
by catalog.lawyerMar 25 No commentsWhat to Do If the US State Department Revokes Your Passport for Tax Debt?
💡Under the FAST Act, the US State Department can revoke or deny your passport if the IRS certifies you have a “seriously delinquent tax debt” (generally exceeding $62,500, adjusted for…
by catalog.lawyerMar 25 No commentsHow to Claim the Foreign Earned Income Exclusion (FEIE) on US Taxes?
🌎Generally, to claim the Foreign Earned Income Exclusion (FEIE) on your US taxes, you must attach IRS Form 2555 to your standard return. For the 2025 tax year (filed in…
by catalog.lawyerMar 25 No commentsWhat is the US Trust Fund Recovery Penalty for Unpaid Payroll Taxes?
💡The US Trust Fund Recovery Penalty (TFRP) allows the federal government to pierce the corporate veil and hold business owners, managers, or accountants personally liable for unpaid payroll taxes. If…
by catalog.lawyerMar 25 No commentsHow Much Does It Cost to Apply for a US ITIN?
💡Applying for a US Individual Taxpayer Identification Number (ITIN) using IRS Form W-7 is technically completely free if you mail the documents yourself. However, most applicants choose to use a…
by catalog.lawyerMar 25 No commentsWhat is a Material Witness Warrant in a US Federal Investigation?
👮A material witness warrant in a US federal investigation allows the government to arrest and temporarily detain a completely innocent person. To execute this, prosecutors must heavily prove to a…
by catalog.lawyerMar 25 No commentsHow to Request a Downward Departure at a US Federal Sentencing?
💡To request a downward departure at a US federal sentencing, your defense attorney must generally file a formal sentencing memorandum proving you qualify for leniency under specific guideline provisions. The…
by catalog.lawyerMar 25 No commentsHow Long Does It Take to Receive US Survivor Benefits After a Spouse Dies?
💡In the USA, it generally takes 30 to 60 days to begin receiving Social Security Survivor Benefits after a spouse passes away, provided all necessary documents are promptly submitted. You…
by catalog.lawyerMar 25 No commentsWhat Are the US Tax Implications of Giving up American Citizenship (Exit Tax)?
🚈Renouncing your US citizenship can trigger a massive Expatriation Tax, commonly known as the Exit Tax. If your net worth exceeds the federal threshold (over $2 million), the IRS generally…
by catalog.lawyerMar 25 No commentsHow to Set Up an IRS Installment Agreement Online in the US?
💻Generally, if you owe the IRS less than $50,000 in combined taxes, penalties, and interest, you can set up a guaranteed Installment Agreement online in just a few minutes. Most…
by catalog.lawyerMar 25 No commentsWhat to Do If You Mistakenly Received a US 1099-K Form?
💡Receiving a US 1099-K form for personal transactions on platforms like Venmo or PayPal does not automatically mean you owe additional taxes. To avoid paying taxes on personal reimbursements, you…
by catalog.lawyerMar 25 No commentsWhat to Do If You Are a Victim of Tax Identity Theft in the US?
💡Generally, if you are a victim of tax identity theft in the US, you must immediately file IRS Form 14039 (Identity Theft Affidavit). To prevent future fraud, you should also…
by catalog.lawyerMar 25 No commentsHow Does the US Foreign Investment in Real Property Tax Act (FIRPTA) Work?
🏠Under the US Foreign Investment in Real Property Tax Act (FIRPTA), a buyer is generally required to withhold 15% of the gross sales price when purchasing US real estate from…
by catalog.lawyerMar 25 No commentsHow Much Are Social Security Spousal Benefits in the USA?
💡In the USA, Social Security spousal benefits can equal up to 50% of your partner’s primary insurance amount. To receive this maximum payout, you generally must wait until your Full…
by catalog.lawyerMar 25 No commentsHow Are Alimony Payments Taxed Under Current US Federal Law?
💡Under current US federal law, if your divorce was finalized or significantly modified after December 31, 2018, alimony/spousal support payments are no longer tax-deductible for the payer. Furthermore, the recipient…
by catalog.lawyerMar 25 No commentsWhat Are the US Tax Rules for Renting Out Your Primary Residence?
🏠The “Augusta Rule” allows you to rent out your primary residence in the US for up to 14 days per year completely tax-free, without reporting the income to the IRS.…
by catalog.lawyerMar 25 No commentsHow to Get an IRS Certificate of Discharge for a Property Lien in the USA?
🏠Generally, to sell US real estate burdened by a federal tax lien, you must submit IRS Form 14135 to apply for a Certificate of Discharge. This allows you to transfer…
by catalog.lawyerMar 25 No commentsWhat to Do If You Receive an IRS CP2000 Notice in the USA?
📬If you receive an IRS CP2000 Notice in the USA, it simply means the income you reported on your tax return does not match the information the IRS received from…
by catalog.lawyerMar 25 No commentsHow Does the US IRS Tax Non-Resident Aliens on Rental Income?
🏲️By default, the IRS requires a mandatory 30% tax to be withheld from the gross rental income of all non-resident aliens. However, foreign investors can file Form W-8ECI to elect…
by catalog.lawyerMar 25 No comments
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