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penalties
In my tax law practice, I often counsel and represent individuals and businesses with past and current tax problems.  When I say “tax problems”, I mean they owe back taxes and/or they have not been filing tax returns.  The start of a new tax year provides these people and businesses the opportunity to start the...
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My home might get foreclosed and I might have a tax liability as a result? Are you kidding me? Unfortunately, not, but with some proper planning a person in such a situation might be able to avoid a tax liability resulting from the foreclosure. As a result of the decline in the real estate market...
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The attached articles were written based on the state of the law as of the date written.  The authors of the attached articles assumes no responsibility to update the content of the articles as a result of any changes in the law.  Anybody reviewing the attached articles should consult with the authors of the articles, or their professional tax or legal advisor to verify the current status of the law as it relates to their own personal transactions.