Do I need to inform IRS?

The first step is to determine the amount of your liability, if any, to the IRS. The next step is to determine if you have any defenses, such...

Once a tax matter is referred by the IRS to the Attorney General the taxpayer is in jeopardy of losing his freedom and his assets. The person of...

I do agree with the answer of Attorney Dearborn Wynn. The winnings are income and losses are treated as a deduction. The only caveat that I have is...

You did not provide enough information to answer your question, but first you need to find out the basis for their assessment. It would be wise to...

The IRS does not contact taxpayers by phone. The IRS send letters concerning delinquency or an intent to levy. This is a very well known scam...

Photography Business Questions... Mainly Tax related!

Attorney Grey is correct. You do need to set up a corporate structure. Generally speaking, that would be an LLC or a S Corp. However, setting that...

In Pennsylvania a sales tax is added to the sale of tangible personal property. There are some items that are exempt, but jewelry is not among...

Am I required to file a return for a family member who died during 2016?

This should have been handled by the executor of the estate. The executor of the estate is required to file an Estate Tax Return within 9 months of...

First, it is not likely that you will be able to sell your house with a Federal Tax lien filed. The tax lien attaches to all of the tax debtor's...

There are a limited number of items that a homeowner can deduct on his or her federal 1040 tax return. Property taxes are one such item. However,...