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I have over $38,000 in IRS Tax debt dating back to the year 2000. Majority of the balance is due to interest. Any solution?
Evan's answer
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Answered on October 08, 2012
Your situation is not unusual in that the majority of an older debt with the IRS is often mostly composed of penalties and interest. You may have...
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My ex husband works overseas and nets 13,000 per month in cash. He claims only a fraction of that income on his tax returns.
Evan's answer
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Answered on October 06, 2012
Sounds like there are some potentially serious issues here. If income is being improperly reported, there are some significant tax implications....
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I filed Ch7 Bk and recently received a discharge. I think that I listed the address for one of my creditors wrong because he did
Evan's answer
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Answered on October 06, 2012
Yes, just sent the creditor a copy of the discharge notice and it should resolve the situation.
Can the state of california levy social security income for back state taxes?
Evan's answer
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Answered on October 06, 2012
No - While several other states do, California does not levy Social Security Benefits. However, the IRS definitely can. (See section 6334 (c) of...
Archived
Can a real estate title transfer clear if I have a personal tax lien but title goes to LLC?
Evan's answer
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Answered on October 06, 2012
No, unfortunately not - the only way past this little obstacle is through it. Until the lien expires, it will cloud the title and prevent a...
Archived
How to get accuracy related penalty abated?
Evan's answer
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Answered on October 04, 2012
Yes - the local office can make adjustments to your return just like the field examiners or auditors. Keep in mind that the 6662d accuracy penalty...
Does the IRS still share information with the CA Franchise Tax Board?
Evan's answer
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Answered on October 04, 2012
You ask a very good question. The answer is yes, but requires a little explanation. We regularly handle both IRS and CA tax audit matters and often...
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Filed Taxes, and Bankruptcy
Evan's answer
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Answered on January 18, 2012
You should let the trustee know. In CA, there is likely an exemption that will apply to protect the funds you receive so there's a good chance...
Archived
Personal bankruptcy
Evan's answer
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Answered on January 18, 2012
When you file bankrptcy, an automatic "stay" goes into effect which prevents any creditor from pursuing collection activity of any kind (with a few...
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