What do I need to do to pay $12000 in late IRS taxes?

If you have filed all required tax returns, you can request an online payment agreement on the IRS's website. The webpage to setup a plan is...

First off, I want to say what your boyfriend is doing it tax fraud. His actions are felonies and are a jailable offense. Second, these types of...

Landlord got Form1099 from Tenant's company. Lease is with Tenant, not with his company. How could this affect Landlord legally?

It sounds like your tenant is trying to write off some of his rent by treating it as a business expense. This action is probably not correct, but,...

Selected as the best answer

Can the IRS sell property after someone receives a Release Of Levy/Currently Not Collectible Status?

Mr. Cappuccio is correct. However, if the retirement property has positive equity, and it is vacant and unimproved, it is likely that the IRS will...

Insolvency Work sheet for IRS

You will report the remaining principal owed on the loan, not the total amount that was lent to you or the total amount financed. Also, your house...

Does the owner have to file 5471 with the tax return for tax period 1st jan 2015 - 31 dec 2015?

You are required to file Form 5471 for 2015 because there is not a holding requirement for Categories 2 & 3. Also, you should confirm that you will...

Does the receiver of cash in a divorce need today tax on the money ?

When real or personal property is transferred pursuant to a divorce decree, IRC sec. 1041 defers recognition of the gain. The basis in the property...

Do foreign workers living abroad but delivering work to clients in the USA need ITIN numbers ?

As a general rule, income earned from personal services performed abroad is sourced in the country where the services are provided. Thus, the...

How can I get this lien released?

Mr. Larson is correct. Furthermore, once you receive a lien release you are not responsible for the liability.

What can we do if someone has used our children to file taxes

Unfortunately, there is not much you can do. As Mr. Hazelman stated, file your taxes with the children and the IRS will contact you to verify they...