Taxes are not necessarily an issue that exists in a vacuum. They involve so many aspects of your life that when your taxes intertwine with these other issues, legal problems can easily arise. For example, do you run or own a business? Then there could be serious tax...
Back Taxes or Tax Debt
Tax extensions can help those who aren’t ready to file
As Tax Day draws nearer, some people may be realizing that they aren't prepared for April 15. Maybe they haven't received the necessary paperwork to complete their taxes yet; or perhaps their filings are so complicated that the task at hand is overwhelming. Even...
FAST Act takes effect in March
A new law that relates to taxes will take effect in March, and even though it was signed back in 2015, you may not have heard about it or contemplated its effects. The law is called the FAST Act, which stands for "Fixing America's Surface Transportation." Under this...
Appeals are a critical part to tax law
When thinking about the Internal Revenue Service, many people think of a monolithic and powerful agency that can't be stopped. This is a gross exaggeration, but they definitely have a lot of power. Respecting this power is essential, but there are also many options...
Dealing with back taxes and unpaid tax debt
It may feel like it's a long way off, but Tax Day 2017 is actually just around the corner. There will be many people that have to confront significant issues as the deadline approaches. Should they file for an extension? What should they do if they can't pay what the...
Does the IRS always follow procedures for determining tax debt?
The IRS should always follow the same procedure for identifying delinquent taxpayers and determining the collectiblility of tax debt. Unfortunately, according to a recent report, this is not the case. According to the Treasury Inspector General for Tax Administration...
IRS has new strategy for collecting tax debt from nonfilers
The IRS loses billions of dollars every year in tax revenue from those who neglect to file tax returns. An audit was done by the Treasury Inspector General for Tax Administration (TIGTA) to determine if the IRS controls were effectively identifying and addressing...
CPA or lawyer: Who do you need for your tax issue?
When you have a tax issue to resolve, it can be difficult to know if the matter is best resolved through a certified public accountant (CPA) or a qualified tax attorney. In most situations, the particular circumstances will determine if one or the other, or both, are...
IRS to hire private tax debt collectors for delinquent accounts
The IRS is hoping that the third time's the charm with private tax debt collection. Beginning in early 2017, private companies will be hired to pursue old, delinquent, outstanding accounts that the IRS doesn't have time to do itself. Private collection of IRS tax debt...
Do you owe “nanny taxes” for your child’s summer caregiver?
Did you hire a nanny or full-time babysitter to care for your children over the summer break? If so, you may owe a "nanny tax" by the end of September.If you paid a caregiver $2,000 or more in a calendar year, that individual is considered a household employee,...