Are penalties and interest in IRS lien dischargeable?
Generally, older income taxes are dischargeable in bankruptcy. So, not only penalties and interest, but also the underlying tax may be discharged....
Bannockburn, IL
Tax Lawyer at Bannockburn, IL
Practice Areas: Tax, Foreclosure ... +2 more
Generally, older income taxes are dischargeable in bankruptcy. So, not only penalties and interest, but also the underlying tax may be discharged....
Are these 2 different entities? LLC profits are imputed to the members as income, much like a partnership or S corp.
Generally, all parties with an interest in property are named in the foreclosure case. Bankruptcy does stop creditor actions against property. ...
You mention that you filed separately in 2012. If the tax obligation is reported on his tax return, or should have been, and you did not file with...
Generally, if you have custody of children you can come up with some proof that they lived with you (e.g. daycare expenses, doctor visits,...
Do you have ANY issues with the IRS? If not, they may be reviewing your purchases for an audit. Sometimes income can be imputed to you based on...
When you sign a tax return, you sign under penalty of perjury. You are attesting to the information contained therein. If you take deductions you...
Generally, the parent who has custody more than 50 percent of the time gets the deduction - ABSENT A CONTRARY AGREEMENT. If the custody agreement...
You can bring an action in court. However, this may not be the best way to handle this. You can get the original tax returns (you don't mention...
Any changes to a previous tax return without your signature will not obligate you. You don't mention the kind of changes he is making, so it is...