Archived
If I have a personal IRS liability and I form a new LLC venture can the IRS target my new businesses assets to collect?
Bertram's answer
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Answered on October 28, 2013
Generally, a bona fide LLC is a distinct entity and the IRS cannot reach into it and levy upon its assets, since the LLC owns them,. not you. ...
Archived
Can I still Appeal an IRS audit decision?
The IRS did a correspondence audit on my 2010 -form 1040, (Joint).
Bertram's answer
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Answered on October 26, 2013
At this time, you cannot appeal because the examination division did not propose to increase your tax. It is possible that if the IRS later...
Archived
Kentucky taxes owed me (i think), resident or non-resident status?
Bertram's answer
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Answered on October 14, 2013
Or from a Louisville point of view, call Joel Turner, Esq of Frost, Brown, Todd at (502) 589-5400
Archived
How exactly is LLC in california taxed on funds not spent during year and left over?
Bertram's answer
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Answered on October 14, 2013
The answer depends on facts not contained in your question. Were you engaged in a trade or business? Or just getting ready to be in one? If you...
Archived
Should I speak with the Appeals Officer (i.e. set up an appt to see him) or let my accountant continue to handle this?
Bertram's answer
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Answered on September 29, 2013
You are in Tax Court. You do need an attorney ASAP.
With a few exceptions, CPA's cannot try cases in Tax Court. People who represent...
Archived
Mortgage interest deduction on Tax Return. Possible for person on deed but not on loan to take the deduction? How? He pays pymnt
Bertram's answer
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Answered on September 24, 2013
Generally, the rule is that only the person liable for the debt can deduct interest. However, a taxpayer who is not personally liable on the...
