Question: I’m currently separated from my spouse, who owns his own business, and we are in the process of getting a divorce. I have always filed jointly with my husband and now the IRS is sending me notices stating I owe $65,000. I have no idea how they are coming up with this amount as …
Question: I do not have the funds to pay what I owe for my 2018 income tax return. I also was late in filing the return. Not only is the IRS demanding the tax I owe, but they have slapped on these huge amounts for penalties and interest. I had extenuating circumstances that caused all …
If you needed heart surgery, would you shop around for the least expensive surgeon or would you get the very best you can find? The same holds true for dealing with the Internal Revenue Service. Having IRS problems can ruin all aspects of your life, your marriage, relationships with your children and family members, your …
The final step in the IRS collections process is a seizure. At this point the IRS will take everything you have left to satisfy the debt they believe you owe! What Can the IRS Do? Unlike an IRS levies which involves intangible assets such as your bank account, a seizure is the taking of physical assets, including your home, …
Question: I have a huge tax amount owed to the IRS and they are harassing me and I need help. I got a quote from a national firm which seems extraordinarily low. Why should I go with you? Answer: If someone quoted you a bargain basement fee, think about this: do you think an experienced …
Beware of Scammers on the Hunt For COVID-19 Stimulus Checks The IRS is urging citizens to be on high alert for scams related to the COVID-19 economic impact payments. While more than 80 million taxpayers who opted for direct deposit should have already received the payment, millions more will receive the stimulus via a check …
Question: My business has been adversely affected by the COVID-19 Corona virus. I’ve had to lay off all of my employees and basically shut down my operation. I don’t have the money to pay my payroll taxes that I owe. Is there anything I can do? Answer: Yes. The Small Business Administration (SBA) has just …
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A former ordained priest in South Dakota, Marcin Stanislaw Garbacz, faces up to 65 years in prison and penalties totaling $1,250,000 for wire fraud, money laundering, transportation of stolen money and five counts of making and subscribing a false tax return. While employed as a priest with the Catholic Diocese in Rapid City, Garbacz stole …
Read more “Livin’ on a Prayer… and Stolen Parishioner Donations”
Timeshare Salesman Now Sharing His Time in Jail Cell A timeshare salesman in Virginia, Gregory Overton Powell, 62, was charged with evading his federal income tax obligations for approximately 13 years. Powell made roughly $300,000 a year between 2006 and 2016, but neglected to file his tax returns on time and made minimal payments towards …
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Of all the creditors or companies you might owe money to, the Internal Revenue Service can be the least forgiving about debt. If you don’t pay your taxes, the IRS will levy and take possession of your property, including cash accounts, wages, and real and personal property. The IRS will sell non-liquid assets to raise …