MASSACHUSETTS DOR TAX AMNESTY: MASS OFFERS AMNESTY FOR EXISTING TAX LIABILITIES FROM APRIL 1 THROUGH JUNE 1 - 03/19/10 06:41 PM
<!--StartFragment--> If you owe Massachusetts sales tax, income tax or almost any other tax liability you may be able to take advantage of a new Amnesty program announced by the Mass Department of Revenue (DOR).
 
The Amnesty program will cover all tax years ending on or before December 31, 2009.  The program will provide taxpayers a waiver of all penalties for full payment of the tax and interest owed. 
 
For the small business our office deals with in Massachusetts, state taxes are often the first expense the business falls behind on.  And once a business fails to either … (0 comments)

Real Estate Sale IRS Lien: Helping clients sell their property with an IRS Lien in Hartford, CT - 03/06/10 04:28 PM
Are you trying to work with someone to sell real estate who has an IRS lien attached to it?  This is not an uncommon situation, and will only become more common as the 2009 income tax returns roll into the IRS this year.
As of December 31, 2008, more than 9.2 million taxpayers were in the IRS Collection Division inventory!  What makes this number more incredible is that the inventory number reported by the IRS as of December 31, 2008 includes only the returns filed at that time: 2007 and prior.
We represent a number of taxpayers sent to us by … (1 comments)

Defaulted IRS Installment Agreement: What to do if you have defaulted on your IRS Installment Agreement in Hartford, CT? - 03/06/10 02:14 PM
What should you do if you had an installment agreement with the IRS and you have defaulted on the agreement?
The first thing is do not panic.  There are a number of ways that well-meaning taxpayers can default on an existing IRS installment agreement, including:
Failure to file a tax return timely; Creating a new tax liability; and Failing to make an installment agreement payment on time. Our office handles these situations frequently in Hartford, CT as well as other areas of the state, and the first step we often counsel clients to do to take is immediately contact the IRS … (1 comments)

 
News, updates and innovative discussion of what is happening in the world of estate planning, tax planning, and criminal and civil taxpayer representation.


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