How do I protect my spouse's assets from being liable for my Federal tax debt when submitting an Offer In Compromise?

Before anyone can answer your questions you first need to know whether your physical separation from your spouse is sufficient under California law...

Affordable Care Act Tax Penalty

You do not provide enough information to answer. Your buddy should directly consult with a CPA or tax attorney to answer these questions. Very...

Very broadly, the statute of limitations in California for professional negligence lawsuits against accountants is generally two years from the...

I am about to file 2 returns: 1040 & 1065. Penalties will be imposed. Am I entitled to 2 separate First Time Abate relief?

You can request First Time Abate for both. The failure to file penalty for Form 1040 is stated under section 6651(a)(1) of the Internal Revenue...

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Should my ex's federal tax filing status be Married filing separately since were still married .

Assuming your separated spouse satisfies the requirements under section 7703(b), she is able to claim head of household status. Generally, a...

Generally, under both federal and California law, married taxpayers filing a joint return for the year of sale of the principal residence can claim...

Employer requests that I pay back FICA taxes for last 16 months

Until an employer collects FICA from the employee, both the employee and the employer remain liable for the for the correct amount of FICA taxes....