November 2013

It is that time of the year again, when the holiday spirit and gift giving is upon us. Most of us donate money during the holidays for charitable reasons but some of us also make year end donations for tax reasons. In fact, the federal …

Trust Fund Taxes Liability: IRS will use aggressive method to collect unpaid withholding trust fund taxes from employers and “responsible individuals”. Payroll tax liability is know as “941 liabilities” The IRS will go extra mile to collect payroll tax and hold liable any and all …

Many Tax Professionals know that 1040 Income taxes can be discharged in a bankruptcy once certain rules are adhered to.  But what happens to your client after a bankruptcy is filed?  Does the IRS contact the client or his attorney?  Does the IRS show up …

I have a client that has been considering bankruptcy for several months now. He doesn’t want to file bankruptcy but over that last several years his credit card usage just got out of hand. He would rather try to work out deals with the various …

I can’t afford an IRS payment plan.  What should I do? I always have clients come to me and tell me “I have an IRS payment plan and I can’t afford to pay it. Can you help me?” Of course I can! It doesn’t matter …

1 2