Posts Tagged ‘innocent spouse relief’

Posted on May 22, 2018 in IRS

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a legal claim against property to secure payment of the tax debt, while a levy actually takes the property to satisfy the tax debt. Where does Internal Revenue Service (IRS) authority to levy […]

Now that tax season is over, audit season has arrived. Based on statistics released in the 2017 IRS Data Book, the audit rate for individual tax returns is the lowest it’s been since 2002. It’s currently 0.6 percent, or about one in every 160 returns. That rate amounted to 934,000 audited returns in 2017. But there […]

Posted on May 5, 2018 in IRS

Your client wants to sell or buy valuable property, and you have patiently answered questions and jumped through all the hoops, but you know that if the seller cannot convey clear title after the contract is signed, all inspections completed and conditions met, there will be no deal.  You get the title commitment and realize […]

When the IRS comes around to collect, sooner or later you’re going to have to face the music. If you play games with the tax collector, the system is designed to make your life miserable. So here are ten things to remember when you owe the IRS: Don’t ignore any IRS notices. More people get […]

Porterville, Calif.: Preparer Marie E. Sherrill, 56, has pleaded guilty to one count of wire fraud and one count of aiding the preparation of a false return. According to the plea agreement, Sherrill promoted a fraudulent investment program that promised the victims that their money would be put into “pooled investments” with the money of other […]