What is the worst-case scenario if I have net income of $40K per year and I have not filed taxes in the last 8 years?
John's answer
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Answered on December 18, 2020
It is possible that you would be arrested but in my experience that is not very likely. The most likely scenario is that the IRS comes back and...
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Tax law general question
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Answered on December 11, 2020
It's unlikely she would be jailed or face any criminal prosecution from the IRS. Depending which state she is in that could be a different story...
How would my parents file taxes if I (a minor) had an Etsy shop in their name?
John's answer
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Answered on August 31, 2020
Yes, most likely a schedule C if you were not incorporated or an LLC. List out income and expenses from the business and the net profits will...
2019 taxes: Help making payment arrangement?
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Answered on June 24, 2020
Thank you for your question. The IRS is now just returning to work and it looks like they will be opening the phone lines again July 15th. I...
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Every year my income tax return is seized to pay federal criminal restitution. Will my Covid relief check also be seized?
John's answer
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Answered on April 07, 2020
I do not know if your stimulus payment will be taken for back criminal restitution but my guess is it will not be. The IRS is not offsetting or...
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Pueblo Colorado stimulus check
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Answered on April 01, 2020
So far the guidance I have been reading states that the stimulus payments ($1,200 per adult/$500 per child) will not be offset to pay existing IRS...
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Am I responsible for taxes owed to the IRS for an S-Corp that was not in my name?
John's answer
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Answered on October 13, 2019
It sounds like your referring to "flow through" income from the S-Corp not payroll taxes. If it is just income then I 100% agree with the above...
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My ex-wife boyfriend, used my daughter as his own, w/o anyones permission. I have custody and cannot claim her now. What to do?
John's answer
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Answered on August 02, 2019
Your first step would be to respond to their letter with a hard copy of the tax return claiming your daughter and all of the credits and a letter...
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Tax issue related to owing back taxes-how long after contacting the IRS to make payment plan before I start paying?
John's answer
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Answered on July 18, 2019
It depends on what type of payment arrangement you are proposing. If you're proposing a streamlined agreement where the balance will be paid in 5...
Can I sue my former employer for putting the wrong social security number on my W2s and taking months to fix
John's answer
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Answered on July 17, 2019
Depends on how much you like your job. I can't imagine that's going to go over well with your boss. With that being said I agree with the...