Solid Solutions to Serious Tax Problems Income Tax Workouts • Responding to Notices
Business and Self-Employment Tax Problems
Free Initial 30 Minute Consultation 952-232-0371 | 877-221-1651
Hurry! Hurry! Hurry! Do Not Delay Responding to a Tax Notice
Learn How i can help

Contact Me

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Back Taxes or Tax Debt Archives

After his wife embezzled funds, the IRS sent him a bill

On jointly filed tax returns, each spouse can be 100 percent responsible for back taxes caused by errors or omissions. The tax issues started when the wife was accused of embezzling almost $500,000 from her employer in 2010 and 2011. After a conviction for theft, she was sentenced to prison.

Got tax debt? The government could seize your business’ property.

Tax obligations can result in serious consequences. Businesses that fall behind in tax obligations can face more than stiff penalties from state and federal agencies, they could face loss of property.

Hefty IRS debt? Consider making an offer the IRS can’t refuse.

Tax obligations do not just go away. Fortunately, those who struggle with tax debt have options. One specific option to address a hefty bill with the Internal Revenue Service (IRS) is referred to as an offer in compromise.

Should the goodwill of a business be a taxable interest?

When you think about the sale of a business, you typically think about the assets of the business being sold to another party in exchange for a sum of money. Of course, the sale would be a taxable event for the seller, as he or she could realize a windfall in the transaction.

Tax debt collection: What once was old is new again

There are so many sayings that seem to apply to our topic today. There's the one in the headline. There's also, once bitten, twice shy. And how about, the definition of insanity is doing the same thing over and over again and expecting a different result.

Dealing with IRS liens against property

When you purchase property, is it really yours? The answer, of course, is yes. However, there are qualifiers. If you borrow money to buy a house or car and use the property as collateral, your lender has a stake in the game in the form of a lien. However, even if you hold clear title to the property, it is still possible find yourself confronting a lien from state or federal tax collectors.

What's my best option for resolving IRS tax claims?

There is no single answer to the question posed above. Perhaps the most useful response is that the best option is the one in which you clear your tax debt in the shortest amount of time with the least amount of financial hardship.

What to know about cancelled mortgage debt

Minnesota residents may be aware that canceled debt is generally considered as income that must be reported to the IRS. However, there are some exceptions to that rule. For instance, some homeowners who had their mortgage debt canceled in 2015 and 2016 may not have to count it as income. This exemption may apply to those who took out loans to buy, build or improve their main homes in a substantial manner.

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.