Tax Leins

They can keep it on as long as you owe them. Even if you are considered non-collectible, this does not end the Statute of Limitations for...

Can I as a stockholder in a subchapter S corporation be held personally responsible for late filing penaltys imposed by IRS .

No. A pure shareholder cannot be liable for the tax debts of an S-Corp simply because they are a shareholder. Christopher Larson

I'm about to settle a debt but to qualify for tax insolvency can I count my asset only or do I have to count my husband's also?

It would be my guess that because you live in a community property state, unless you have an agreement that makes your property non-community, your...

I have unfilled tax returns and owe a substantial amount to the IRS. What should be my first step in resolving the matter?

Contact a tax attorney or CPA. At this stage, if you are proactive, you don't have too much to worry about. 9 out of 10 time these things are...

Yes. You should look into an Offer in Compromise. If you cannot get one under Doubt As To Collectible, you should maybe seek the advice of a very...

What is my recourse for my employer not allowing me to fill out a W2 or 1099?

It sounds as if they are not giving you a W-4. This could be a problem and you need to find out why. They could be treating you as a non-employee....

I am renting a room to a friend and he is going into the military. Do I need to claim this rent on my taxes?

Rental income is income, but you actually have to receive it as a cash basis taxpayer. If you do not receive rent for any period, you do not have...

It would be negligent if an attorney gave you an opinions such as that without some time to dig into the facts as they particularly relate to the...

Are there fines & penalties for Tax debts to heirs after death of tax evader ?

Definitely talk to an attorney first. This sounds a little weird at best. Christopher Larson

How do i file my taxes if i get paid cash?

Getting paid in cash is a little bit of a problem nowadays. As the previous attorney stated, your 1099 or W-2 will have to be the basis for this....