My wife's business may receive a large back tax judgement. I have nothing to do with it. Can the IRS seize my assets?

First, it depends upon what type of tax liability is involved. If it is a liability for the trust fund portion of payroll taxes, then your wife...

What can I do if my tax return was embezzled by my tax preparer???, and will I get it back?

You should hire a lawyer, presumably a general civil litigator, in Arlington, Texas. The IRS is too busy to address a situation like this. The...

Does the IRS have to specify what asset is being levied in a notice of intent to levy?

The notice of intent to levy need not specify specific assets. The IRS can seize what it finds. The IRS will not seize exempt assets. The IRS...

If the person from whom you are to inherit has already died, you may be unable to cmplete an OIC in a timely fashion. It typically takes at least...

I owe IRS from a previous restaurant business I had. 10,000. I hired a company, BBB accepted to settle this debt. 3500.00

First, I don't know why being disabled makes you exempt from paying income taxes. Second, if you are going to file for bankruptcy you should hire...

Question about IRS 1099-K tax form.

Yes you can report that the 1099 income is yours if it is truly yours. However, the IRS is going to send out a notice when your cousin does not...

If you need help with your ITIN call the IRS toll-free at 800-829-1040.

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There is no federal estate tax on that amount. There is no income tax on an inheritance. You need to talk to a lawyer in D.C. to find out about...

CAN CRIMINAL CHARGES BE FILED AGAINST SOMEONE WHO WILLINGLY LIED ON THEIR TAX RETURN?

You can tell the IRS about this. However, the IRS is very busy and has extremely limited resources to spend on criminal matters. This is probably...

What is the best way to take title to avoid a property tax reassessment when inheriting property from a family trust?

There is an unlimited parent-child exclusion as to the principal residence. However, if your brother is giving up his half of the home, then only...

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