http://www.atkinssc.com Helping Taxpayers deal with their IRS Problems Tue, 04 Nov 2008 13:21:46 +0000 http://backend.userland.com/rss092 en Question:I stopped paying taxes in 2001, when my long-time employer bankrupted.  I have worked on and off as a sub-contractor since earning about $30K/year but have no assets of value.  I'm getting letters from the IRS.  What can they do except throw me in jail? Answer: When you owe the IRS ... http://www.atkinssc.com/getting-on-course-with-tax-problems/ QUESTION: I owe the IRS a lot of money for the last several years.  I simply have not had the money to pay the IRS when I filed my tax return.  So far I have been able to hide and ignore them and that has worked, but now they have ... http://www.atkinssc.com/covering-up-your-tax-problems/ A federal judge in Las Vegas ruled yesterday convicted tax fraudster Irwin Schiff (and his partner Cynthia Neun) could no longer sell his products that promote people not filing or paying their income taxes while he is in prison or when he is released in the future.  One of Schiff's ... http://www.atkinssc.com/sorry-you-cant-sell-your-tax-fraudevasion-guides-schemes/ Question: Can I use the deed to a house we own free and clear to make an offer in compromise to the IRS for back taxes? Answer: The short answer is no.  Basically, in determining whether you qualify for an offer in compromise, the IRS will examine you entire financial "self."  ... http://www.atkinssc.com/using-deed-to-house-to-pay-irs-offer-in-compromise/ QUESTION: I filed my 2007 tax return on October 15, 2008 and I owed $50,000.  I don’t have the money to pay any of my taxes with my return.  What will happen when the IRS receives my tax return.  Will they immediately come take my house? ANSWER:  If you filed an ... http://www.atkinssc.com/filing-a-tax-return-when-i-owe-money-i-cannot-pay/ Question: I owe the IRS about $60,000 and they have a filed a tax lien in the county where I live.  Because of the national insecurity due to the upcoming election, the banking crisis, and Wall Street blues I desperately need to sell my house.  I would like to just ... http://www.atkinssc.com/tax-liens-impact-on-the-sale-of-my-house/ Question: I stopped paying taxes in 2001, when my long-time employer bankrupted. I have worked on and off as a sub-contractor since earning about $30,000 per year but have no assets of value. I'm getting letters from the IRS. What can they do except throw me in jail? Answer: Thanks for ... http://www.atkinssc.com/i-stopped-paying-my-taxes-now-what-are-my-options/ If you are in tax debt with the IRS there is a way you can negotiate with the IRS to settle the amount you owe for less.  This IRS program that allows for this is called an offer in compromise.  As an attorney, I have negotiated lots of these for ... http://www.atkinssc.com/offer-in-compromise-manual/ We are continuing on through the Hobby vs. Business series and have come to the second of the factors used to determine whether your activity should be considered a business or a hobby and we remember that this determination could make a huge impact on your tax returns and what ... http://www.atkinssc.com/hobby-vs-business-do-you-depend-on-income-from-this-activity/ In the series we started earlier this week Hobby vs. Business we briefly mentioned several factors that the IRS will use to determine if the activity you are engaged in is actually a business where you can deduct expenses that you incur in trying to make the business work or ... http://www.atkinssc.com/hobby-vs-business-time-and-effort-to-make-a-profit/