Does the IRS tax hobbies differently than self-employment? I cannot find the hobby tax rate/bracket anywhere.

There is no hobby tax rate. There are nine factors the IRS looks to in whether or not they allow losses from activities or classify them as hobbies...

Can you sure a tax preparer if they missed filling your 1095 and now caused your insurance to be canceled and tax return is wron

I don't really know what your issue is. Tax preparers don't file 1095s. Insurance companies do. The information goes on a tax return. If it doesn't...

Got letter from Bank of America that they received legal order to deduct $4,036.22 from my account by IRS!

the bank has to hold the money for 21 days before sending it to the IRS. This gives you a bit of time to work out an alternate resolution with...

If I went to prison in 2005 and didn’t file taxes in 2004 should I owe interest and penalties ?

We can't tell if it is right or wrong without doing a thorough analysis of your tax account for 2004.

suing is not the answer. I had real difficulty following your chain of events. If LIberty did your taxes incorrectly, you may have a claim against...

The IRS does not file liens on specific property. They file a Notice of Federal Tax Lien (NOFTL) which attaches to all property owned by the...

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My husband made 107,000 last year gross. I made 47,000 gross. We both have our 2 kids 50percent. Why was I only awarded $834.00

This is a question you should ask your attorney. If you don't have an attorney that is probably why you only received $834

How long does the IRS have to collect back taxes? I owe for years 2008, 2010 & 2011.?

The general rule is 10 years from the date of assessment. However, studies by TIGTA and the taxpayer advocate show that the IRS has the wrong...

I work as a bookeeper. Can i be held liable by IRS if my employer is audited?

If you are knowingly aiding him in the evasion of taxes then you can be charged. Tax returns are different than company books. There are...

There are industry standards to determine cash sales based on the amount of credit card sales. Credit card sales are reported on a 1099-K and also...