Tax penalties and back taxes

Interest and penalties will continue to accrue until the bill is paid in full. If you file your 2009 tax return without full payment the IRS will...

It does not make any difference whether your corporation was a C or an S Corporation. Even in an S corporation, liability for taxes and other...

I have some tax questions and am wondering who is better to talk to a tax attorney or a cpa.

This is a hot potato. Although some may differ my suggestion would be first to see a tax attorney. You can tell him everything, and it will be...

IRS Fraud

I agree with Mr. Lively that you should file an innocent spouse claim. I have provided a link to an article I wrote that explains a little bit...

Want to withdraw foreign account with money made in that country to US account. Any tax implications or other potential issues?

If you have an account in a foreign country you are required to file Form TD F 90-22.1 (FBAR) with the Internal Revenue Service, and to check a box...

You should see a tax attorney who has experience dealing with the IRS on criminal tax matters. You will probably need to file the back tax returns,...

Is there capital gain tax or any tax on sale of matrimonial hse bought 20+ yrs ago overseas.

As a resident alien you pay tax tax on your worldwide income. Generally you are taxed on the difference between your cost basis, and what you...

Tax implications of money transferred from overseas

If the amount is deemed by the IRS to be a gift than you have an obligation to file Form 3520 with the IRS assuming the amount of the gift is over...

As a Resident Alien,will my heirs have a tax problem with an inheritance when I die?

As a resident alien you are entitled to the full unified credit which if you die this year will be $3.5 million, and therefore would pay no tax if...

Can I file last year's (2008) taxes with the IRS right now & go back and file for previous years' taxes a few months from now?

You can file the tax returns in any order you like. If you have not filed tax returns in 5 years, however, and you had large amounts of income that...