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The post 18. IRS Appeals Office – Can They Help Me? (10/12/23) appeared first on Tax Debt Solutions.

Many businesses are conducted though entities that are legally “separate” from their owners – i.e. LLC’s, corporations, etc. Generally business debts do not create legal liability for the business owner – absent an explicit personal guaranty by the owner. However for payroll tax debts – obligations can arise for not …

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The post 17. Payroll Tax Debt – Am I Really Responsible For Company Debt? (4/12/23) appeared first on Tax Debt Solutions.

You’ve run up a tax debt – either through filing a tax return with a balance due or if the IRS computes a balance due – through the Substitute For Return procedure. As mentioned in a previous discussion once this happens the IRS is automatically granted a lien on all …

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The post 16. Property Liens – Who Gets Paid First? (1/13/23) appeared first on Tax Debt Solutions.

OK, OK I know I owe the IRS money for my taxes – can they come after me forever? The short answer is no – the IRS generally has ten years to attempt to collect the debt. Many laws contain a “statute of limitations” (SOL) – a period of time …

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The post 15. Statute Of Limitations – Run Out The Clock? (12/21/22) appeared first on Tax Debt Solutions.

OK I know I should have filed a tax return – but life got in the way…. Now the IRS has told me they prepared a “substitute for return” – what does this mean! The US tax system is referred to as a “voluntary” tax system – I know, hold …

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The post 14. IRS Substitute For Return – What To Know (12/6/22) appeared first on Tax Debt Solutions.

So I owe taxes to the IRS and to Massachusetts. I provided a bunch of information to the IRS and they agreed to lower my tax debt through their Offer In Compromise program. I know that the IRS and MA share tax information. Does this mean MA will just settle …

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The post 13. Tax Collections in Massachusetts – What Should I Know (11/15/22) appeared first on Tax Debt Solutions.

For this post I’m veering from the tax collection area into an issue of tax avoidance. Although this commentary relates to “Trump” it is in no way a political commentary. My comments are solely related to recent events relating to the Trump Organization. As reported in an article by Vice …

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The post The Trump Organization – Tax Troubles – A Case Of Fringe Benefits? appeared first on Tax Debt Solutions.

I filed my tax return – it showed that I owed money – I didn’t send in payment. Now the dreaded envelope arrives – it’s from the IRS. I finally open it…. Help what does it mean, what does this notice number mean? The IRS is notorious for sending out …

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The post 12. IRS Collection Notices – What Do They Mean? (10/17/22) appeared first on Tax Debt Solutions.

Help – the IRS is after me! I’m an employee – my taxes are taken out of my pay – my wife is self-employed – the government says we owe money due to some issue with her business – we field a joint tax return – am I on the …

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The post 11. Innocent Spouse – Do I Qualify? (9/28/22) appeared first on Tax Debt Solutions.

Marriage and taxes are inexorably intertwined. Let’s begin with the basics of tax returns and tax liability. Most individuals (those with sufficient taxable income) have a tax filing obligation. This is an individual obligation – even for married taxpayers. The default filing status for a married individual is Married Filing …

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The post 10. Marriage And Taxes – Whose Debt Is This? (9/14/22) appeared first on Tax Debt Solutions.