Which debt would be offset first, delinquent IRS income tax obligations or federal restitution?

Your 2018 refund should go first to your delinquent tax liability.

Do we have to pay taxes on a 401k Hardship withdrawal due to Hurricane Irma?

Yes, hardship withdrawals from a 401(k) plan are taxable and you must pay taxes on the amount you withdrew.

Generally, a Social Security levy is up to the 15% mark. This is if the levy is through the Federal Payment Levy Program. However, if it is a...

Didn’t file 2017 1040 have payment plan for 2018?

In order to include a balance for 2017 into your current installment agreement, you will first need to file your 2017 tax return. Failure to file a...

Can an employer pay its staff under the table and then ask them to fill out tax forms without any prior "on-boarding " ?

Which tax forms are you being asked to sign? Are you an employee or an independent contractor? If you are an employee you should be receiving...

Can anything be done when the State puts a levy and garnishes both husband and wife at same time?

You need to reach out to the collection agency and inquire if establishing a payment arrangement will stop the garnishments. The state can garnish...

If someone ran a bussinrss unfet my name and did not gilr taxes and I have no access to records what fo I do

How did you friend get your tax ID? Is this fraud or did you provide your friend with your information to start a business? There are a lot of...

How can I get past debt relief from my spouse's ex who didn't pay tax?

Generally, if a tax liability is joint each taxpayer is jointly and severally liable. There are a few options your wife may have depending on the...

Should I consult a CPA/lawyer before starting an LLC for just myself?

Yes, it will be beneficial to do some tax planning with a tax attorney to determine the course of action, such as entity formation.

My mom was to leave her paid off home to her grandson. What is the best way to do this with out a lot of taxes

The 2019 estate tax exemption for an individual is $11.4 million, double for joint filers. Unless an estate is in excess of the exemption amount...