IRS

I agree with attorney Fromm as to the method to obtain records from the IRS. The IRS typically keeps your records and returns on file for a period...

Will there be any tax consequences - name change on deed

For Federal tax purposes an unlimited gift is allowed between spouses and there is no income or gift tax consequences due to this transfer. Most...

I received a notice of lien and wage garnishment for delinquent state taxes from the CO dept of revenue. I now live in NV.

Yes, the garnishment is enforceable and recognized under the full faith and credit clause of the U.S. constitution. You should contact an attorney...

Does a single member (resident of WV) LLC operating in MD have to pay pass through entity tx or any income tx to the state of MD

This is a disregarded entity for both Federal and State income tax purposes because it is a single-member LLC. However, the state of MD requires...

Yes it can. Attorney Martin gives a good summary of the rule here. When you are doing a technical formation of a corporation you should have an...

IRS has sent me a certified packet stating that they have determined there is a deficiency (increase) i my 2008 income tax, and

A Notice of Deficiency, or 90 day letter as it is sometimes called, gives you 90 days to petition the U.S. Tax Court if you do not agree with the...

What are the possible penalties for Amazon refusing to charge the mandatory sales tax in California?

This has become a significant legal battle for Amazon and the outcome is not clear. The possible penalties are the same as for any retailer that...

If I am filing bankruptcy on my taxes from 2001-2003 where I owed, and am now just filing 2009, and 2010 can I protect my return

If you are due a refund after you have filed a Chapter 7 the trustee will keep the refund. If you owe the IRS and are due a refund, the IRS will...

Can I still "just go to Mexico"?

Before you go to these drastic measures hire a tax professional to represent you in this matter. You may be able to enter into a payment...

Yes you can file and you may have credits that could give you a refund. You may also have alimony that would be income to you and should be...