The failure-to-file penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late. The penalty maximum is 25% of...

A loan is not income and therefore not reported on your return. A loan can be income if it is forgiven (i.e. you did not pay it back and the lender...

Resolving tax debt?

It all depends on what you want to do. If you to make payment arrangements for the balance that is fairly easy. If you want to contest the debt...

Tax?

I believe this question has already been asked and answered. If all income is fully and correctly disclosed on a tax return, there will be no...

Audit tax

The IRS is looking for the correct reporting of income and expenses. If your cousin reports all the income he earned (whether legal or illegal), he...

Audit question

The IRS will let you know what documents they want. They will probably ask for bank statements and reports from Pay Pal.

A debtor who files bankruptcy may own assets outside the US, however, the debtor must declare all assets owned whether the assets are located in...

What can I do to get this information not available as public?

Since you do not state where your wife filed these tax returns, it is impossible to provide any guidance. I suggest you reach out to the place...

Selected as the best answer

You need to comply with the Tax Court's rules of procedure regarding motions to dismiss and motions in general. Here is the link:...

If I owe the IRS on April 15?

The IRS will not know what you owe you actually file the return on October 15. Hence, they will not demand payment in any way before then. If you...