Three-time Indianapolis 500 champion, Helio Castroneves was acquitted in 2009 of six counts of tax evasion after the IRS claimed he owed back taxes on earnings between 1999 and 2004. Now they claim that Castroneves owes an additional $3.6 million in taxes and $2.7 million in fraud penalties on the same income that was in… Continue reading →
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Potential Tax Debt for Los Angeles Religious Center
The tax-exempt Kabbalah Centre and many of its charities is being investigated by the Internal Revenue Service for financial improprieties. Many of the charities are backed and supported by celebrities. Madonna had even replaced the CEO of one of the charities, Raising Malawi. The singer later moved the charity out of the Kabbalah Centre’s office… Continue reading →
Is Your Tax Refund Held Up Because of Your Spouse’s Tax Debt? You May Be Eligible for Innocent Spouse Relief.
Your spouse has a tax liability and you do not. Perhaps their liability was incurred under circumstances for which you are not liable. If you are owed a tax refund but are having trouble attaining it, the innocent spouse relief measure may help you.
Is the IRS Finally Easing Up On Taxpayers? For Tax Liens, the Answer is Yes.
In recognition of the huge, long term negative effects a Tax Lien has upon taxpayers, the IRS has announced that it will initiate a series of new policies and programs to help taxpayers pay back taxes and avoid tax liens. Read on for more information.
Case In Point-Hiring A Qualified Professional To Handle Your Tax Settlement = A Good Investment
Hiring a qualified tax professional can seem like a bit of an investment. However by representing yourself before the IRS or State Tax Board small mistakes or assumptions can cost you even more time and money. This case study is a real world example.
Consider Carrying Back a Net Operating Loss as a Tax Settlement Tool
In this economy many taxpayers have allowable deductions that exceed gross income. The Net Operating Loss Carry Back provision can be used to offset taxes paid in or even owed for prior years. Read more below about this excellent tax settlement option.
