My wife got a W2 from a company she worked for in 2006 claiming income earned in 2011.

One of the most misunderstood principles of taxation is forgiveness of debt is income. The debt forgiveness becomes income in the year it is...

Filing amended federal tax return

If you pay the tax with your return, it should not affect your 2011 refune because you have no outstanding tax liablity. To be safe, take the 2011...

Selected as the best answer

How do I file taxes with my nonresident alien husband if he is still using an invalid social security number at work?

Your spouse could ultimately be denied citizenship and deported for continuing to violate teh laws of the United States. If that is not motivation...

Audit/Ammended Return

You need to secure professional representation if you are being audited to insure that you do not pay more than you may owe. It is possible that ...

Limiting liability Limiting liability Internet Business

You have not indicated whether you be selling services or goods. This will affect your selection of business entity. Is this an e-commerce cite or...

My fiance lives with me and he is 90% disabled per the US Military, he cantnot work, had retirement pay of 11k can I claim him?

Your fiance does not meet the relationshipt test or the support test. He therefore does not qualify as a dependent. Phillip M. Smith Jr. Tax &...

IRS liened me $51K as officer in corp that didn't pay payroll tax but wife is getting house - what to do

Once the IRS lien attaches, your wife will need to secure counsel to protect her interest. She needs to retain a tax attorney before the sale to...

Small business structure

In additon to limiting liability you should also seek to use a business entity that provides you with the best tax advantages. Many small...

Default

No. HIre an attorney to file a default prove up. A judge must determine if you are entitled to punitive damages based upon the default documents...

Can I post a bond to have a disputed trust fund recovery lien removed?

You need to retain tax counsel in this matter because it is not the type of matter where sel-representation is helpful. You could lose the bond if...