How long does it take the IRS to make a decision on IRS Form 6118?

Six months may be too soon to hear back from the IRS. Of course, if you want to file a petition in Federal District Court, by all means do so. ...

How apply for ITIN number?

Messrs. Schwartz and Doland have told you that (i) there is nothing to pay for to get an ITIN; and (ii) where to file to get one. If you have...

Penalties on default of 401k loan... So I did not pay this, left my company, and just found out that I owe the IRS

No. Once it has been counted as taxable income it won't be counted as taxable income a second time. If you fail to pay the loan than the...

Is it possible to get a reduction on the income tax burden from short sale of a primary home?

Mr. Atchley has shared with you the insolvency exception to CODI (cancellation of debt income). Of course, if you have an overall tax problem, you...

Should vacation time be taxed if part of severance pay?

All compensation for services rendered, including compensation for untaken vacation time, is taxable income.

California law obligates a taxpayer to report the results of any change in federal tax liability, as might result from an IRS audit. If you do not...

My husband lied about his income and as a result paid me little alimony in 2009. he filed his taxes later and now shows

I suspect that your attorney is going to argue, since your attorney filed a motion that your husband committed fraud, that your husband did not...

County Tax Increase through escrow account in a Chapter 13

You should call Hale Antico at 661-267-6200 or Francis Ruggier at 818-796-3529, both competent bankruptcy attorneys in Palmdale.

The Margate Properties, LLC case means that the LLC continues to be liable. It does not mean that the owner of the LLC is personally liable. The...

I filed tax returns way late, can i be assessed 75% in penalties?

No. The only 75% penalty is for civil fraud. If you filed and paid late the general penalty is 25% plus interest.