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Separate IRS Accounts can be created when one or both spouses/ex-spouses are fully or partially liable for a joint tax liability.  The joint liability of each spouse is duplicated on each separate tax account. This can occur due to a variety of reasons: Innocent Spouse Relief Bankruptcy Installme...
11/08/2021
IRS tax levies may impact independent contractors and wage earners differently. In other cases they are affected the same. When it comes to a tax levy on a taxpayer's wages and salary, it is called a continuous tax levy. The tax levy will be issued once and repeated every pay period until the lev...
11/07/2021
Can the IRS Issue a tax levy on retirement account assets to collect unpaid taxes?The short answer is generally, yes. Retirement account assets that qualify under the Employee Retirement Income Security Act (ERISA) such as pension plans, 401(k) and others can be subject to an IRS tax levy. Non-qu...
10/31/2021
Department of JusticeOffice of Public Affairs Chief Financial Officer for Oklahoma Business Found Guilty of Employment Tax Fraud A federal jury convicted a North Carolina woman on Oct. 22 of employment tax fraud. According to court documents and evidence presented at trial, Christina Rochelle Ang...
10/30/2021
 FOR IMMEDIATE RELEASEThursday, October 14, 2021Former Owner of Florida Produce Business Sentenced to Prison for Tax EvasionA Florida man was sentenced yesterday to 18 months in prison for tax evasion, at a proceeding in federal district court in Miami. According to court documents, Alejandro Gom...
10/24/2021
Removing federal tax liens can save your real estate deals from collapsing. This is an often misunderstood topic that leads to a reduction of real estate transactions every year. You can sell a property with a federal tax lien in all of the five following scenarios: Sales of real estate with equi...
10/23/2021
According to a recent article by Bloomberg Tax, Zappers, also known as an automated sales suppression device or phantom ware are widely used in California restaurants. Results from a limited pilot program in the state determined approximately 20% of the businesses the California Department of Tax...
10/10/2021
The IRS recently awarded new contracts to private collection agencies that assist with collecting certain unpaid taxes due to the IRS. Effective September 23, 2021, taxpayers may be contacted by the following private collection agencies (PCAs):CBEP.O. Box 2217Waterloo, IA 50704800-910-5837Coast P...
10/09/2021
Employment tax fraud and unfiled tax return prosecutions continue to be a top priority for the Internal Revenue Service (IRS) and the US Department of Justice (DOJ).  https://www.justice.gov/opa/pr/queens-business-owner-pleads-guilty-tax-fraud Department of JusticeOffice of Public AffairsQueens B...
09/30/2021
 https://www.justice.gov/opa/pr/indictment-unsealed-against-six-individuals-and-foreign-financial-service-firm-tax-evasion  Department of JusticeOffice of Public Affairs Tuesday, September 28, 2021Indictment Unsealed Against Six Individuals and Foreign Financial Service Firm for Tax Evasion Consp...
09/29/2021
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