Episode 6

Published on:

22nd Mar 2022

Nemeth IRS News - Episode 6 (Your Tax Bill Might Be Bigger Than You Think)

Owing taxes to the IRS is no laughing matter. Between the penalties and other fees that add up, you may find yourself facing a bill larger than you’d imagine.

In the latest installment of Nemeth IRS News, we’re going to discuss what steps you can take if you find yourself owing taxes. And as always, if you find yourself facing this issue, we encourage you to contact the Law Offices of Nick Nemeth. Our IRS tax attorneys can help!

So sit back, relax, and enjoy another informative conversation!


0:06 - Introduction and overview on the topic of the day

1:50 - Jamie Flores sets the scene

2:24 - The most common reasons someone might owe money to the IRS

4:20 - How your tax bill can grow and worsen as time goes on

7:00 - The recommended steps to take if your tax bill is higher than you anticipated

8:03 - The penalties for not filing your tax return on time

12:00 - Installment agreements and an offer-in-compromise

14:45 - How an offer-in-compromise can be achieved and who qualifies for this

17:27 - Closing remarks

Connect with Nick Nemeth and Jamie Flores:





Show artwork for Nemeth IRS News

About the Podcast

Nemeth IRS News
Got an IRS Tax Problem? We've Got Solutions
Every year the IRS sends millions of notices and letters to taxpayers for a multitude of reasons. We understand that seeing an envelope from the IRS can cause fear and anxiety! But, take a deep breath and recognize that taking care of the problem is likely a straightforward solution.

Welcome to Nemeth IRS News, featuring Nick Nemeth, Founder, of the Law Offices of Nick Nemeth, and Jamie Flores, a Managing Attorney at the firm, for in-depth tax talk!

Join us for each episode as Nick Jamie explore the world of tax law and offer solutions for resolving a variety of issues with the IRS. Every episode will feature a new topic and draw upon real examples of Nick and Jamie's client cases.