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Costa Mesa Tax Lawyer.
Written by attorney Henry Lively, over 1 year ago.
When can you deduct taxes on your income tax return? The first hurdle you will face is that you will need to itemize to be able to deduct taxes. Tests To Deduct Any Tax The following two tests must be met for you to deduct any tax. The tax must be imposed on you. You must p...
24 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
An often asked question when taxpayers get into trouble and owe the Internal Revenue Service (IRS), is whether the tax debt can be discharged in a bankruptcy. The short answer is maybe. Certain criteria must be met to discharge the taxes and as always you must seriously consider ...
29 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
An important issue in tax representation is always looking at the applicable Statutes Of Limitation. That is, the time period available to proceed with a particular action under the law. The key tax statutes of limitation are as follows: Statute of Limitation for IRS Collection a...
19 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
The Mortgage Forgiveness Debt Relief Act of 2007 (the Act) gives important relief to borrowers that are considering a Short Sale, Deed in-Lieu of Foreclosure, or a Foreclosure. The Act is effective until 2013. Prior to the enactment of the Act if a borrower paid less than the ful...
26 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
If you owe a significant amount of tax liability to the IRS there is a program that is available to you where you can actually pay the government less than you owe. It is called an Offer in Compromise (OIC). An OIC is not automatic and it is at the discretion of the IRS to grant ...
18 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
It is always better to file your return and not pay the balance due than to not file at all. Why? It is a crime to not file a return, but it is not a crime to not pay. In fact, the IRS has many programs for you if you cannot pay your taxes. One method to consider is an installmen...
20 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
If you are unhappy with the results that you received in an Audit, you have the right to appeal the decision. When you receive your 30 day letter from the auditor detailing the Examination Changes it explains that you have 30 days to contest the letter by discussing it with the a...
23 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
When a Federal Tax Lien is paid in full or becomes legally unenfoceable, Section 6325(a) of the Internal Revenue Code requires the Intenal Revenue Service to release the lien. Another, often unknown requirement for the IRS to release a lien is when they accept a bond for payment ...
21 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
You were audited and received a 30 day letter from the Internal Revenue Service. This is a Notice of Proposed Changes to your tax return. It can be for multiple years. Now what do you do? The first question you have to ask is whether you agree with the adjustments made by the aud...
24 people found this guide helpful
Written by attorney Henry Lively, over 1 year ago.
So you went through an audit and did not agree with the results. You wanted to take your case to Appeals, but before your appeal was granted the auditor issued you a 90 Day Letter. This is the Notice of Deficiency that gives you 90 days to pay the tax or petition the United State...
18 people found this guide helpful