Bo Diddley, who died at the age of 79 in 2008, had sold some of his music rights to pay for his medical care after a stroke. Shortly after, Diddley incurred a large tax debt, as the IRS is claiming taxes on the sale. Diddley’s managers were given permission by circuit judge Robert Roundtree to… Continue reading →
tax debt
Make the IRS an Offer They Can’t Refuse, and Reduce Your Tax Debt with This Tax Settlement Option.
Chances are, you have heard the claims that your federal taxes can be settled for “pennies on the dollar” Sounds too good to be true, right? Although many of the companies advertising these claims are a scam, the IRS does have the authority to settle, or “compromise,” on tax debts, accepting less than the full… Continue reading →
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 →
Increased Funding for IRS Enforcement Means Avoiding the IRS Is Harder Than Ever
With $1.1B more funding, enforcement is going to be increased. It is always better to approach the IRS before they approach you. The clear message for taxpayers is that they should take whatever steps are necessary to become income tax compliant.
Unfiled Tax Returns or Back Tax Troubles? Here is Some Back Tax Guidance
Can You Get Help With Back Taxes? If you are like many Americans who are having trouble keeping up with finances these days then you may have also found yourself a year or two behind on paying your taxes. Perhaps you even skipped filing for a few years. Left unresolved, unpaid tax debt or unfiled… 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.
