You probably didn’t think to run a credit check on your spouse before you got married. After all, love reigns supreme, right?
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TOPICS IN THIS ISSUE: Top 5 Tips On How To Handle Back Taxes California Extends Offer In Compromise Program For Five Years IRS TAX TIP: Learn about Tax Benefits for Education I Owe Joint Taxes with My Spouse: What Do
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Taxpayers who are victims of a disaster might need to reconstruct records to prove their loss. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. IRS Tax Tip 2017-54, October 4, 2017 Here are 12
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California’s Governor Brown has signed a bill (AB 525) which extends the life-span of the Board of Equalization’s (BOE) Offer in Compromise program for an additional 5 years. Offer in Compromise is a state program that allows small businesses to
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The unmarked vehicles arrived in the morning. More than 20 armed agents poured out. Hours later, Mii’s Bridal & Tuxedo was out of business after serving customers for decades. Its entire inventory of wedding gowns and dresses as well as
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If a joint tax return is filed by a married couple, and the taxes are not paid or the IRS comes in and audits – asserting that additional taxes are due – a spouse may be entitled to be excused
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The FBI is looking into suspicious federal returns filed using Turbo Tax software, as a number of states work to contain a wave of criminal filings. The scams are delaying refunds around the country. CBS News business analyst Jill Schlesinger
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Couples who elect to file a joint tax return enjoy many advantages. But when you do file jointly, know that both spouses are “jointly and severally liable” for the taxes owed. This means if one spouse is a tax cheat,
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If you are one of the millions of taxpayers who owe back taxes to the IRS there are certain actions you can take to protect yourself from garnishment.
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The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two tax credits available to those who pay higher
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Where individuals and businesses owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. Known as an “Offer in Compromise,” Congress has given the IRS the authority to “compromise” and reduce
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We didn’t know how to dig ourselves out of our tax debt, but we managed to do it, and we learned some valuable lessons along the way. If you’re overwhelmed by the amount you owe, here are some tips to help you rebound from a surprise tax bill.
Read more →by McNair Law Firm, P.A. If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can consider placing the account into “currently not collectible” (CNC) status. If placed in
Read more →TOPICS IN THIS ISSUE: Introducing TaxRelief.Info For Your Peace of Mind Tax Tip: File Form 1040X to Amend A Tax Return ALERT: Program Underway To Yank Tax Delinquents’ Passports Tax Tip: IRS Recaps “Dirty Dozen” List of Tax Scams for
Read more →Sometimes seniors find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions. Article by Chambliss, Bahner & Stophel, P.C. – You may read the article in its entirety
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