May I transfer assets from one company to another while pending IRS tax liability

I would need more information to answer this question, but I can provide you with some information regarding the IRS's stance on conveyances of...

Corporate income (and losses) in an S corp. are passed through to the shareholders of the corporation. The shareholders report the income on their...

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Will my husband's over 1million IRS debt be my responsibility if he pass away?We have separate bank account, separate tax filing

Since your fiancee incurred the liability prior to marriage, you would not be liable for his income tax debt. However, since California is a...

How do I get a Certificate of f Release of Federal Tax Lien?

The IRS will not consider an installment agreement or offer in compromise until all your returns are filed. Your first step should be to file all...

The California State Board of Equalization is asking me $ 150,000.00. if I leave the country for good would that follow me?

Leaving the country is probably a bad idea, and the liability is not going anywhere. In fact, penalties and interest will continue to accrue for...

I need to find a way to file an offer in compromise with the IRS, however I have very little income.

I do not know enough facts about your situation, but here are a couple of suggestions. You state that you are low-income. You would first need to...

I was sole-proprieter & have closed down the business. i owe 940 & 941 taxes. i need a tax attorney.

There are various resolutions to resolving your tax matter with the IRS and the EDD. Bot the IRS and the EDD have offer in compromise...

I have 941 taxes owed on a soon to be dissolved S-corp. I cannot afford to pay the amount they say I owe, what can I do?

The IRS is aggressive in collecting employment tax liabilities (940/941). In employment tax cases, Revenue Officers are typically assigned to...

What are the main differences between filing separately and filing jointly as married?

Spouses are jointly and severally liable for any balances due on the return if they file a joint return. If you file a separate return from your...

How much trouble am I in for not filing my taxes for the past 3 years?

You should file your returns as soon as possible. If you do not file your returns, then the IRS may file a Substitute For Return (SFR), and assess...