Written by attorney Stephen Dunn, over 2 years ago.
On September 24, 2010 the Federal Trade Commission sued American Tax Relief, LLC, of Beverly Hills, California, (American Tax Relief) and its owners, Alexander Seung Hahn, 43, and his wife, Joo Hyun Park, 37, in the U.S. District for the Northern District of Illinois in Chic...
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Written by attorney Stephen Dunn, over 2 years ago.
Suppose that wife does not work in 2010, or that she works but has enough income tax withheld and remitted to taxing authorities to cover income tax on here income. Husband, on the other hand, has $400,000 of self-employment income in 2010. Having paid no estimated taxes, husband...
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Written by attorney Stephen Dunn, over 2 years ago.
Lawyers code of professional responsibility forbids them from handling matters in which they have a conflict of interest. But conflicts of interest are common in legal practice and nowhere are they more common than in estate planning. Here are some examples Ive seen in my 25 year...
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Written by attorney Stephen Dunn, over 2 years ago.
On October 5, 2010, Governor Granholm signed a Michigan tax amnesty bill into law. The new law provides that, from May 15, 2011 through June 30, 2011 (amnesty period), Michigan Treasury shall waive all criminal and civil penalties with respect to a taxpayers failure to timely fil...
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Written by attorney Stephen Dunn, over 2 years ago.
Suppose you have negotiated settlements of your credit card debts. Or maybe you have executed a short sale of your house. You are concerned about tax on discharge of indebtedness income. The creditor may report the discharge of indebtedness income to the IRS on a Form 1099-C, ...
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