This is fitting since the tax filing deadline is only one day away. QUESTION: I have been trying to work things out with the IRS on my own, but every time I send something in, I am told that they did not receive it. How should I be providing information to the IRS to ensure…
Monthly Archives: April 2007
Is My Spouse Liable for My Business’ Payroll Taxes?
QUESTION:            I used to own a small business and got behind in paying my payroll taxes. I have now closed the business. My wife was never involved in my business. I have recently begun receiving letters from the IRS wanting payment. Is my wife liable for these taxes? ANSWER:            I am going to make the…
“You Sit on Your Biscuit and Never Have to Risk It”
I was watching an episode of “The Office” and Dunder Mifflin was having a safety demonstration in the warehouse. With all of the dangerous equipment in the warehouse, Darrell’s safety demonstration was much more interesting than Toby’s office safety discussion about carpel tunnel syndrome and Michael’s interjection of depression. At that point, Michael and Darrell…
IRS Negotiations of an Offer in Compromise Getting More Difficult?
I was recently reading an article at FoxNews.com (link opens in new window) about how the new law requiring a 20% down payment to the IRS with the submission of an Offer in Compromise as well as the newly re-energized focus on collections has made the acceptance of Offers in Compromise more difficult for the…
Even the Rich and Famous get into Tax Trouble!
Especially Even the rich and famous get into tax trouble with the IRS. I read an article this morning about how singer and record producer Marc Anthony recently agreed to pay over 2.5 million dollars in taxes, penalties and interest for not filing income tax returns from 2000 to 2004 for over 15 million dollars…
Injured Spouse Relief: Can They Take My Wife’s Portion of Our Tax Return
QUESTION: I owe the IRS a lot of money for income taxes, however, I incurred all of this debt before I got married. Since then, my wife and I are always due a refund, but the IRS keeps it and applies it towards my debt. Is there any way my wife can get her portion…