Previously, California had no statute of limitations on collection actions. However, as of 2006, California has a 20 year statute of limitations on...

Is there a federal and/or state tax liability on short sales in california ?

Yes, a short sale under the amount of debt on the property triggers tax liability for cancellation of indebtedness under both federal and state...

How do I pay my taxes?

Look into an ITIN or Individual Tax Identification Number. I've provid IRS website provides the following: What is an ITIN? An Individual...

I am a US citizen, worked and had bank accounts in the foreign country where I lived 6 yrs. I did not know I had to file taxes

Your participation in the voluntary disclosure program should avoid criminal prosecution which in itself is a favorable outcome. Without knowing...

Although your prior employer may have mistakenly issued incorrect 1099s, your duty to timely and accurately report income on your returns is solely...

Do you rally need a lawyer if you have a tax lien or can one of teh companies specializin gin tax assistance help you?

Depending upon your facts and circumstances, you may be able to get help from a CPA, enrolled agent or one of the tax debt companies to help on a...

Short sale and second mortgage 1099c ? reportable or not?

Issuance of the 1099-C is dependent upon the bank deciding to forgive the debt and foregoing pursuing the deficiency balance after the sale. If the...

Tax debt split in divorce? Is it fraud?

Regardless of whether your wife's actions were fraudulent, your duty to file is non-delegable. You are held responsible by the Service. If returns...

Abatement of penalties requires reasonable cause which is a facts and circumstances analysis and often left up to the discretion of the examiner or...

Can you complete your US Citizenship formalities knowing that you have committed crimes such as fraud, tax evasion and assisting

Your question indicates you are taking serious risks with both your potential citizenship and your legal rights in either event. Fraud and tax...