I just received a 2566 letter from the IRS. It's saying I owe some ungodly amount of money. I may owe some, but not that much.

You will need to file those returns and then take the necessary steps to stop collection action on those balances while the returns process. You...

I NEED ADVISE ON A ISSUE WITH H&R BLOCK WITH WHAT THEY HAVE DONE TO E AND PUT ME THROUGH COULD YOU PLEASE CONTACT ME

You should call a local tax lawyer and explain the situation further. Feel free to call me this week. 404-593-2644.

IRS agent assigned to my girlfriend's case. She owns a house. Is there any way to protect it? What happens next?

It is rare for the IRS to take a home. However, it is possible. The main concern is the IRS going after bank accounts and pay checks. First we need...

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Can taxes owed be "negotiated down" via the IRS? Should I hire an attorney or a CPA?

There is typically a way to minimize what you have to pay on the taxes over time while protecting you from collection action. The IRS only has ten...

What can I do after an IRS bank levy from a SFR for 2010 tax year?

File the return immediately. Make sure 2011 is filed also and that 2012 is filed on time. Call IRS collections at 1-800-829-7650 and tell them you...

Would it be a Federal Offense say if you have your own small business but don't report the income to the IRS ?

yes. If the unreported income would have resulted in tax owed, then yes.

Unfortunately you can only take $3,000 of the loss in a given year. The rest can be carried forward to offset gain the next year. The $3,000 you...

I was first deemed non-collectible by IRS, then they put a tax lien on me. How can I resolve this. it is for about $20,000. Also

Unfortunately whenever the balance is above $10,000 they can file a lien and typically whenever they qualify you for currently not collectible...

I feel am being terrorized by IRS. I have sent them documents but i bet they want to milk me money that am sure i don't owe them

Dealing with an audit can be difficult especially when they are trying to deny a child credit. Many times no matter what you send them they claim...

Do I have to deduct the alimony I paid to my ex spouse? She will not be able to pay her tax bill if I use this deduction?

Alimony typically is a deduction to you and taxable income to her. The only way around this is if the transfer of money from you to her does not...