As the previous attorney stated, when a joint return is filed IRS holds both spouses jointly and severally liable. This means you both are on the...

As the previous attorneys stated, you should engage a tax professional to assist you. The CP2000 notice should list the income that IRS believes...

Yes it is considered taxable income and may be subject to self-employment tax. Check out United States v. Garber, 589 F.2d 843 (1979). You should...

IRS is required to notify both spouses on a joint return of any examination, adjustment, or balance due. The notices will be mailed to the address...

Selected as the best answer

Should my mother declare bankruptcy based on the situation I described below? If not, what would be a better solution?

If she wants to sell the house she may be able to apply for a Certificate of Discharge with IRS. This means IRS would remove the lien from the...

I received a CP 501 letter to my corporation from the IRS. Not sure how to respond.

IRS typically issues Letter 2797 to verify a taxpayer's address if mail has been returned as undeliverable or insufficient. IRS may be attempting...

Is it feasible to work with a Tax lawyer out of state?

While I agree with the other posts that a CPA can prepare the returns, it may be advisable to meet with a qualified tax attorney to discuss any...

Ex Deferred Rental Home/Vacation Home Taxes Until After Divorce. Am I Liable?

As several of the other attorneys stated, the general rule is that spouses who file a joint return are both liable for the income tax due. That...

Need to know tax question regarding LLC.

A lot more information is needed to properly answer your question (how your LLC is taxed, other business expenses, capital expenses, cost of goods...

My husband is starting the naturalization process and our attorney has advised us we need our tax papers...and transcripts.

As the previous attorneys noted, you can obtain your tax return transcripts from the IRS. Also, if the balance owed to the IRS is under $25,000 you...