I inherited 31 acres appraised at $1800 an acre,sold for $35,000. What will my tax liability be?

Your tax would be calculated in the difference between your basis (what it was worth at the time of the inheritence) full market value and the...

What happens to the outstanding debts, such as payroll taxes to the irs after we shut the doors of our LLC?

This is actually a much more difficult question than can be answered in this type of format. Typically though you will want to make sure that you...

How can I dispute a accuracy penalty from the IRS?

The short answer is that you will need to appeal any audit finding that has an accuracy penalty that you disagree with. You do this by filing an...

Do I need a tax attorney?

You don't necessarily need an attorney to respond to your CP2000 notice but it wouldn't hurt from the aspect that an experienced has been there...

Corrected w2

Your former employer is not responsible for correctly calculating your taxes. Unfortunately, I don't think you're going to win that particular issue.

If i receive an inheritance and I owe the IRS some money can they take this

Short answer is yes...probably. If the IRS has filed a Federal Tax Lien OR they have previously sent you a Final Notice of Intent to Levy and more...

It wasn't legal to file the return without the signed e file signature form. You can complain to the IRS...

I owe the IRS around $15'000 do i need to get a lawyer to work this out or can I get treated fairly without one?

If you simply want an Installment Agreement, chances are you could work this out yourself. Ask the IRS for a streamlined Installment Agreement and...

It really depends upon which taxes your husband hasn't been paying. If you are referring to payroll taxes there's not much chance you will be held...

Help i owe some back taxes but i am wanting to do and have tried an offer an compromising with the irs but each time i was rejec

An Offer in Compromise can be a complicated matter. Most Offers are not accepted because the taxpayer didn't fill out the paperwork correctly or...