I agree with the foregoing answers, but want to add the following: Keep a paper trail. I am referring to the following: - Go to your bank and get...

Does the LLC file its own return (i.e., Form 1065 or Form 1120S)? If yes, then you can ask the IRS for wage and income transcripts using the LLC's...

IRS liens for unpaid taxes and IRS levies only apply to property belonging to the taxpayer. Accordingly, if the property does not belong to the...

Unfortunately, if the consent to assessment contains the penalties, there is no way you can sign it agreeing to only the tax, but not the...

Depending on the case and claims settled, you may be able to deduct the attorney fees. That said, the situations you can deduct attorney fees are...

How my LLC company is taxed exactly?

The answer to your question depends on a few things, and there is not enough information provided here to give you a specific answer for your...

Was the criminal restitution court-ordered by the judge in the criminal proceedings? Or was it agreed to as a settlement (for instance in exchange...

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If the government reimbursed me for my move, what expenses can I claim as moving expenses on my 2016 taxes?

If you receive a reimbursement for your moving expenses, how you report the amount you receive and your moving expenses depends on whether the...

To contribute to a Roth IRA, you must have earned income (for instance income you earn from wages or self-employment), and you can’t contribute...

What do you want to achieve or think you could achieve if you confronted him? If he is claiming the kids mistakenly, maybe confronting him will...