October 11, 2016

Does Section 1041 Apply to all Property Transfers of Income Incident to a Divorce?

A divorce ordinarily involves a transfer of cash or other property in exchange for the release of support or other marital rights as part of executing […]
December 4, 2015

Can I set up a payment plan for unpaid payroll taxes?

Generally, if a taxpayer owes payroll taxes for an amount less than $25,000, the taxpayer can request an installment agreement to full pay their tax liability […]
December 4, 2015

What do I do if I owe payroll taxes?

If the business is still operating, the first thing that must be done when you owe payroll taxes is to start making timely federal tax deposits.  […]
November 30, 2015

What is an eggshell audit?

An egg shell audit is a civil audit in which the return(s) under examination contain a material understatement of income, material overstatement of deductions or credits […]
October 14, 2015

Does the IRS allow other expenses as necessary expenses?

The IRS will allow “other expenses” if they meet the necessary expense test which is whether the expense is necessary in the production of income or […]
October 14, 2015

What to do if there is an IRS discrepancy in amounts owed?

Why is there ordinarily a discrepancy between what the taxpayer calculates they are able to pay as opposed to what the IRS determines they can pay? […]