The closest location where the US Tax Court holds trial sessions is in Houston, found at the address Room 7006, Casey U.S. Courthouse, 515 Rusk St. 77002.

The closest low-income taxpayer clinic to Cypress is the Houston Volunteer Lawyers found at 1111 Bagby St., FLB 300, Houston, TX 77002.

In Cypress, tax avoidance is a valid legal strategy that individuals and businesses employ with the aid of accountants and legal counsel. Tax avoidance covers planning out financial transactions to minimize tax consequences. In contrast, tax fraud is the illegal act of providing the IRS with false statements or information to avoid paying taxes.

Depending on the lender, you might still be able to refinance your home in Cypress if you can secure a subordination from the IRS, granting the lender first lien on your property. This gives the lender priority to the property but does not remove the federal tax lien. Legal counsel can assist in requesting a subordination from the IRS.

As a general rule in and around Cypress, you cannot recover funds used to pay someone else's taxes because applicable laws do not consider you the taxpayer who can file suit for a refund. The exception to this rule is if you file a lawsuit under the Court of Federal Claims for taxes you paid involuntarily because of a possible implied contract between you and the IRS.

Three main payment options are available to tax debtors in and around Cypress that offer in compromise, partial pay, and installment agreements. An offer in compromise allows the debtor to pay less than what is owed upon IRS approval, a partial pay installment agreement lets debtors pay a portion of their tax debt over time, and an installment agreement is the same as the previous one but covers the entire tax debt.

Yes. In Cypress, the IRS classifies virtual currency and cryptocurrencies as property subject to income taxation. The virtual currency you hold as an investment is subject to tax laws covering capital gains and losses, and the cryptocurrency you gain or spend in transactions is considered ordinary income or loss. Cryptocurrency is a type of digital currency that uses cryptography to keep deals safe and track how many new units are made.