It may be is your best interest to consult with a tax lawyer first because a person’s willful failure to file a federal income tax return is...

A taxpayer files a Form 5495 after regular filing of either an Estate or Gift tax return. The form is used to request discharge from personal...

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My husband is a British citizen and hold a green card. Is tax fraud a reason for deportation?

Convictions for even non-violent minor crimes can result in deportation and long-term exclusion. For example, non-citizens are subject to...

Offer in compromise

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's tax liabilities for...

I am considering a short sale on my home. What are the tax obligations I may face?

In a short sale, the lender agrees to accept less than the total amount due under the mortgage. However, not all owners or all properties qualify....

I am considering a short sale on my home. What are the tax obligations I may face?

In a short sale, the lender agrees to accept less than the total amount due under the mortgage. However, not all owners or all properties qualify....