Insights

Tax penalties can add unnecessary financial pressure to individuals and businesses alike. What begins as a missed deadline or a filing error can escalate into substantial costs if not addressed quickly. While penalties may feel unavoidable once assessed, many strategies can reduce or even eliminate them when handled properly.

Getting a notice from the IRS that you’re being audited can cause immediate stress and confusion. It's normal to feel overwhelmed, uncertain, or even scared. You may be wondering why you were selected or what the consequences might be.

Tax debt can weigh heavily on individuals and families, creating stress that often feels overwhelming. The worry of receiving IRS letters, mounting interest, and possible collection actions can make anyone feel stuck. If you’re in this situation, you’re not alone—thousands of people face the same struggles each year. What matters is that there are real options available to reduce your burden and move forward.

Partnerships in Utah are a popular business structure for many entrepreneurs due to the flexibility they offer in terms of ownership and management. However, understanding the intricacies of partnership taxation can be challenging.  Partners need to understand their tax obligations and the potential pitfalls that can arise from partnership tax issues. This is where a qualified tax law attorney becomes invaluable.

Falling behind on tax obligations can happen for many reasons—illness, financial hardship, natural disasters, or honest mistakes. Fortunately, Utah tax law allows for several penalty abatement options that may reduce or eliminate those burdens.

Settling your IRS tax debt through an Offer in Compromise (OIC) can be a major relief when financial pressures become overwhelming. At Common Law PC in Salt Lake City, Utah, we work closely with individuals and businesses seeking a second chance at resolving unpaid tax liabilities.

Tax litigation, especially in the context of state and federal tax disputes, requires a nuanced understanding of legal structures, procedural requirements, and strategic considerations. In Utah, as in other U.S. states, tax litigation often involves disputes between taxpayers and the Utah State Tax Commission or the Internal Revenue Service (IRS).

As a law firm representing clients facing debt collection lawsuits in Utah, we understand the importance of proper documentation in building a strong defense. When creditors or debt collectors initiate legal action, they must prove their case with valid and complete evidence.

As tax law continually evolves, it's vital for businesses to develop strategies that not only comply with state and federal regulations but also minimize liabilities and maximize opportunities for growth. In Utah, businesses face a range of tax considerations—from state-specific taxes to federal obligations.

When dealing with tax issues, prior audits can have a significant impact on current cases. These audits often influence the way the Internal Revenue Service (IRS) or other authorities approach new investigations.