Treasurer of corporation failed to remit payroll withholding taxes and sole shareholder found personally liable for the taxes not paid. The Facts of the Case The taxpayer was the president and … [Read more...] about Individual Was Personally Liable for Unpaid TFRP
IRS Tax Planning Ideas, Tips & News
Taxpayer’s Excuse for Non-filing is Dismissed by the Courts
1985 U.S. Supreme Ct. case of Boyle Again Confirmed U.S. Supreme Ct. Case of Boyle The 1985 Supreme Court case United States v. Boyle (469 U.S. 241, discussing IRC Sec. 6651(a)(1) and … [Read more...] about Taxpayer’s Excuse for Non-filing is Dismissed by the Courts
IRS Levies Social Security Benefits
It is Well-Established that the IRS has 10 Years from its Date of Assessment to Collect Delinquent Taxes - Or Does the IRS Authority to Collect Social Security Benefits Go Beyond 10 Years? … [Read more...] about IRS Levies Social Security Benefits
When You Say “I Do”, You Need To Do
Newlyweds Need to Understand How Tying the Knot Affects Their Taxes Tax Checklist for Newly Married Couples Name. When a name changes through marriage, it is important to report that … [Read more...] about When You Say “I Do”, You Need To Do
John Doe Subpoena to Identify Foreign Holdings
As the Use of Cryptocurrency Gains Popularity, IRS Enhances Its Enforcement Procedures FBAR Reporting Requirement Every year, under the law known as the Bank Secrecy Act, U.S. persons … [Read more...] about John Doe Subpoena to Identify Foreign Holdings
Currently-Not-Collectible (CNC) Status – A Tax Resolution Alternative
Resolving a taxpayer’s tax debts with the IRS usually falls into one of three major categories. These three settlement options are offers-in-compromise (OIC), installment agreements (IA) and … [Read more...] about Currently-Not-Collectible (CNC) Status – A Tax Resolution Alternative
