Can I buy property on a land contract if I have a federal tax lien?
You need to address your underlying tax liability with the IRS. In this regard, you may qualify for a "collection alternative," e.g., an...
Albany, NY
Tax Lawyer at Albany, NY
Practice Areas: Tax
You need to address your underlying tax liability with the IRS. In this regard, you may qualify for a "collection alternative," e.g., an...
The U.S. Dept of Justice and the IRS have a Voluntary Disclosure Program, which deals with non-filing. You should, ASAP, retain the services of a...
The Appeals Office is a part of the IRS. And the IRS is a part of the Treasury Department.
The short answer is you may, indeed must, file a separate return. Such filing protects you from civil and criminal failure to file penalties.
You may qualify for tax relief from IRS (e.g., an offer-in-compromise or hardship status.) This should be explored by a tax attorney.
Reporting of income is not optional or voluntary. And if you fail to do so, you risk severe civil and criminal penalties.
It all depends on the facts. Accordingly, you should have a tax attorney review your situation.
It is possible to reduce or eliminate your IRS liability. In this regard, you should consult with a tax attorney at your earliest convenience.
Yes! Indeed, the failure to report this income would subject you to the risk of civil and criminal tax penalties.
You are short on the facts. Once a competent tax attorney reviews your full set of facts, your options will then become apparent.