IRS

March 20, 2020
What is the Step Transaction Doctrine?

What is the Step Transaction Doctrine?

The Step Transaction Doctrine: Page Contents at a Glance Retired high-income earners who have contributed to a Roth IRA may find calculating income taxes confusing, especially […]
January 30, 2020

What are IRS allowable expenses?

Allowable expenses are the expenses the IRS considers to be necessary in the production of income or to provide for the health and welfare of the […]
January 30, 2020

How do I get a tax lien removed or released?

The easiest and fastest way to get a tax lien released is to pay the tax debt in full. Once the tax debt is paid in […]
September 23, 2016

What are some events that can suspend or extend the collection statute allowing the IRS more time to collect on an outstanding tax debt?

What are some events that can suspend or extend the collection statute allowing the IRS more time to collect on an outstanding tax debt? Bankruptcy: When […]
September 23, 2016

How long can the IRS collect on a past due debt?

Generally, the IRS has 10 years from the date of assessment to collect on an outstanding balance due per Internal Revenue Code 6502.  If a taxpayer […]
August 2, 2016

When Can a Divorce Result in Both a Husband and Wife Facing Exposure for the Potential Investigation and Conviction of Tax Crimes?

Consider the following scenario where a husband typically prepares the couple’s married filing jointly tax returns on Turbo Tax with very little involvement from his wife.  […]