There are several different situations in which a taxpayer may request innocent spouse relief. One of these is the formal administrative process, which is commenced by filing Form 8857, Request for Innocent Spouse Relief. What is IRS Form 8857? Form 8857 is an IRS tax form used by taxpayers to file for relief from a …
When Should a You Use Form 8857 – Request for Innocent Spouse Relief? Read More »
A separate penalty of $5,000 under IRC § 6702 is imposed when a taxpayer submits a specified frivolous submission. It is in addition to all other penalties. Specified Submission A specified submission refers to the following: a request for hearing under IRC, Section 6320, or Section 6330 (relating to collection due process) an application under …
Preparing a tax return can be nerve-wracking process. You give a tax preparer your information, they input the data and ask some questions, and the software tallies your total tax bill. Sometimes that amount is larger than you can afford, and you can only partially pay the amount owed when filing your tax return. When …
What is the Penalty For Underpaying Taxes When Filing? Read More »
A lien is a charge or claim against a property for the payment of a debt. A creditor’s lien does not, by itself, transfer property ownership to the creditor. There must be a levy or seizure first to force a sale. What Is A Tax Lien? When it comes to the government’s claim or charge …
General Federal Tax Liens: When They Arise And How They Affect The Taxpayer Read More »
Summary: This is a shortened version of the article What You Should Consider Before Hiring A Tax Attorney on The Sacramento Attorney Blog. In brief, tax attorney fees can be expressed as either a (1) retainer fee and hourly rate or (2) flat fee. Some tax attorneys offer payment plans for their fees, but consider …
As a bankruptcy attorney, I regularly encounter tax debt. However, bankruptcy is not always the perfect vehicle for achieving tax resolution. In brief, recent income tax debt, payroll tax liability, and other non-dischargeable tax obligations cannot be eliminated in chapter 7 bankruptcy. In general, only income tax debt at least 3 years old whose tax returns were …
