Finding Real Life Solutions To Your Tax Problem
The IRS expects everyone to file an annual tax return, on Form 1040, 1040A or 1040EZ. If they have no record of receiving one of these forms from you, they will let you know with a Verification of Non-Filing Letter. This letter explains that they never received a...
With all the advertising produced by major insurers such as Allstate, Progressive and State Farm, you probably will never hear such commercials about captive insurance policies. Captive insurance, as its name suggests, refers to insurance policies that are created and...
In a number of our posts we highlighted how private debt collectors would be dispatched to collect on dormant taxes as a result of the PATH legislation. It was created to generate and divert tax revenue for infrastructure projects. In addition to new collection...
The IRS frequently provides notice about potential scams that may be directed at taxpayers. They want people to know exactly what sorts of tricks are being used to obtain sensitive information from individuals.In many cases, the scammers pretend to work with the IRS...
As tax attorneys, we know how difficult dealing with the IRS can be. After all, most business owners do not have the same intimate knowledge of the U.S. Tax Code that IRS agents and Justice Department lawyers may have. But prosecutors have a great deal of discretion...
In a prior post, we highlighted the new collection efforts the Internal Revenue Service would be allowed to employ as a result of an infrastructure funding bill passed last year. We noted that private debt collection companies could be calling to pursue past due tax...
Keeping track of income tax withholding for employees is difficult enough. The task of doing so for employees that travel often and stay in different states for extended periods of time is much more difficult.While comprehensive tax reform is still on the horizon,...
It’s been nearly two months since the federal income tax filing deadline passed, and a number of taxpayers have yet to complete and file their 2016 returns. While many have requested and have been granted extensions, there are some who live in fear of the IRS...
The long rumored tax reform is still months away from serious discussion in Congress, but one practice bemoaned by Republicans and Democrats alike is already being repealed that will satisfy their constituencies. For years the federal government would seize the tax...
As we have noted in a number of our posts, having to owe Uncle Sam money during tax season can be quite troublesome; especially if you are already dealing with a glut of past due debt stemming from other facets of your life. Because of this, you are probably inundated...