After dealing with the IRS for any period of time a practitioner can get the feeling that the IRS and the collections unit are really out for blood and they are not considering what is in the best interest of the government or the taxpayer. Then you hear of stricter requirements for the offer in [...]
Monthly Archives: June 2007
Do It On Your Own?
I recently read an article in Consumer Report’s Money Adviser magazine and it answered a question about whether someone should purchase will making software from the office supply store and create their own willl or should they spend the couple hundred bucks to have an attorney draft their will. Basically the article hit the high [...]
Can My Children Avoid Liability for My Business Debts in Their Names?
QUESTION: My wife and I set up our business in the names of our 2 sons. It is now going bad and we are going to close it. We have over $50,000 in unpaid payroll taxes. We have no assets. Our sons are technically responsible since the business is in their names. Can our sons [...]
Can I Transfer my “Tax Account” from Another City to Where I live Now?
QUESTION: I was recently transferred by my company from Texas to Greenville. I owed back taxes for several years and had been contacted by the IRS in Texas. Can they find me here in Greenville and can you help me even though the tax liability arose in Texas? ANSWER: Welcome to Greenville and thank you [...]
Can I Discharge Past Due Taxes in Bankruptcy?
QUESTION: I have delinquent taxes from several years ago. Can I discharge those taxes if I declare bankruptcy? ANSWER: The answer, as in most cases in the law, is “maybe.†The more recent an unpaid tax liability is, the less likely it is to be discharged in bankruptcy. The most common consumer bankruptcy is the [...]
Records Set All Around This Filing Season
The 2007 numbers are in and many records were set this year regarding the electronic filing of income tax returns. Over 76 million taxpayers electronically filed their tax returns. This included a surge in the amount of taxpayers who filed at the last minute. Most of the time, last minute filers are those clogging up [...]