Community Property and Tax Liabilities
Texas is a community property state, which means that all “community property” is owned jointly and equally by both spouses. In Texas, all property accumulated …
Texas is a community property state, which means that all “community property” is owned jointly and equally by both spouses. In Texas, all property accumulated …
When a husband and wife sign a joint tax return, each spouse is jointly and severally liable for all taxes relating to that year. Where …
IRS to Assign Millions of Collections Accounts to Private Debt Collectors The IRS announced several months ago of its plans to assign millions of taxpayer …
US Citizens Owing Back Taxes Now Getting Passports Revoked More travel complications are in store and it’s not just for foreigners. Under new rules to …
Discharging Tax Debt Under Chapter 7 A common misconception is that federal taxes cannot be discharged through bankruptcy. A Chapter 7 filing can be a very …
Step 1: Determine if you are Current on your Tax Obligations You must be currently be in full compliance (1), which means: You’ve filed all …
Trust Fund Recovery Penalty The IRS may be kinder and gentler after the 1998 IRS Restructuring and Reform Act, but that certainly doesn’t seem to …
IRS collections – Federal Tax Liens Anyone who has been in trouble with IRS tax debt probably has some experience with a federal tax lien. …
Guide to IRS Penalties There are many different types of penalties that the IRS can impose on individual and business taxpayers. Here are some of the …
Can IRS Debts be Settled? Yes, the IRS can settle with you on a tax debt through what is called an “offer in compromise.” However, …