Unless (i) you are self employed and the ipad is an ordinary and necessary business expense, or (ii) your employer requires that you purchase,...

What if you pay your taxes but your spouse does not?

You stated you filed "married filing single". I suspect you meant that you filed a separate return as a married person and that you indicated as...

Can I personally be sued in civil court by AMEX for an outstanding debt on my corporate card? It's an S corp in my name.

When you opened the Amex account you undoubtedly co-signed as obligor. All credit card account contracts contain language holding the primary...

It is really quite simple. The addition of a corporate officer, (assuming the bylaws allow additional officers and do not specifically limit the...

When the IRS reconstructs your income (substitute for return), is their income figure always assumed correct?

No the rule is not "anything goes". Normally, the IRS will create a return when the taxpayer has failed to file. The IRS will use whatever...

Does the taxpayer have any recourse when the IRS circumvents due process?

Yes, the taxpayer certainly does have recourse. There are two provisions that you should be aware of. First, there is section 7214 of the...

If you owe taxes can your wages be garnished by the IRS?

Yes, the IRS can certainly garnish your wages when taxes are owed. I would however, point out that taxpayers are not always clear on just when a...

When the IRS asks you for information regarding your income, do their questions have to be specific?

If the agent tells you that "you will have to provide more information", you should respond with, "I would be more than happy to do so. Please...

Sole Proprietor Doctor Looking into creating S Corp

The fact that you are jumping to the conclusion that an S corp is the solution is somewhat frightening. Yes, an S corporation will provide limited...

If my second home goes into foreclosure, will I still be responsible for the property taxes?

What you need to understand is that if the bank is willing to forgive your loan to the extent that the sales price is less than the amount of the...