I owe IRS and they want me to pay immediately

If you send in the form 656, be sure to include all of the required financial disclosure. This includes a form 433-A(OIC) and all attachments...

Will there be negative consequences to ignoring a letter from the IRS not personally addressed to me but to my former business?

I would consult with an attorney so that have all the facts. In my mind, however, there is something to be said for going to the post office and...

What can I do when Walmart lied to the IRS about my settlement amount and taxes witheld resulting in IRS coming after me.

Hiring an attorney is the best advice normally. But, for the amount due, it may not be practical. There is a middle ground. Get a consultation...

How can I settle my IRS debt?

On $18,000 per year, the interest and late payment penalty should only be about $1,000 per year. You are paying in $3,600. So, be patient. Just...

Do I need to report this transaction to IRS?

So long as both bank accounts are in the U.S. there is no reporting requirement to move money from one back to another. This presumes you do the...

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Will I be held responsible for the taxes if he did lie and owes the IRS?

The phrase "turn us over to the IRS" implies he is attempting to threaten that you will be criminally prosecurted. Under the facts as you stated,...

Is my monthly income taxable or not? What lawyer practice that can help me with USA regulation and law as I am new in USA ?

All of your world wide income is taxable in the USA. Treaties may allow credits and there are often exemptions. As for scholarships, if you are...

For tax purposes, would this be considered a gift? No services were rendered or products sold.

The key is to document that agreement. First of all, the money should go to the mother and then to the mortgage-holder. By doing so, mother can...

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How to stop future tax offsets

You should adjust your withholding so that you do not get a refund. By doing so, you have more money to live on week-to-week and there is no money...

Foreign inheritance from my wife mother who is not a American citizen. Do we have to pay any federal or state taxes

Although you are likely not subject to tax, you probably need to file an information report, form 3520. Failure to do so will result in severe...