Liens and Levies

Divorce Rip-off

December 14, 2011

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Today TaxMama hears from Kathy in the TaxQuips Forum who is in despair. Let me summarize her problem – and you can read the details, here. Her husband’s ex-wife keeps claiming their children on her joint tax return with her new husband, even though the divorce agreement says Kathy’s husband gets the children. Kathy and [...]

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Repeal of 3% Withholding Provision is Unanimous! Why?

November 18, 2011

HR 674 was passed by the House this week and sent to President Obama for signature. The AICPA is happy with this law. In a press release, Edward Karl, vice president of taxation for the American Institute of Certified Public Accountants said, “The AICPA commends Congress for recognizing that it makes sense to repeal the [...]

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Terrifying Tax Tales

October 25, 2011

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Today TaxMama wants to ask you. “What is your most terrifying tax tale? What is the worst thing that IRS or your state tax agency ever did to you? Or the most embarrassing thing? Did your ex-spouse or ex-lover get you in trouble? Or did your tax professional mess up big time?” Please tell us [...]

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Really Innocent Spouse

August 23, 2011

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Today TaxMama hears from Fred in the TaxQuips Forum, with this problem. “My ex-wife and I were legally divorced in Sept. 2008.  For the tax year 2008, she filed as married, filing jointly.  She withdrew her entire 401(k) fund and was penalized for early withdrawal.  She now owes the IRS over $10,000. Because she filed [...]

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IRS Announces New Effort to Help Struggling Taxpayers Get a Fresh Start

March 18, 2011

WASHINGTON — In its latest effort to help struggling taxpayers, the Internal Revenue Service today announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is [...]

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Payroll Garnishments

May 24, 2010

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Today TaxMama hears from Rebecca in California who is facing serious problems. “We don’t know what to do, and now that the CA franchise tax board has garnished my paycheck, we don’t have any extra funds. This is based on tax returns not filed for 1999 and 2000. What can we do?”

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Nine Things You Should Know about Penalties

April 2, 2010

The tax filing deadline is approaching. If you don’t file your return and pay your tax by the due date you may have to pay a penalty. Here are nine things the IRS wants you to know about the two different penalties you may face if you do not pay or file on time. If [...]

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IRS Outlines Additional Steps to Assist Unemployed Taxpayers and Others

March 12, 2010

IRS has added a new resource – just for you. They have opened up their offices on Saturdays. How that helps people who don’t have jobs and can come in on weekdays, I don’t understand. It certainly is a big help to people who work, though!   Video Owe Taxes But Can’t Pay? English Unemployment Compensation: [...]

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Owes IRS

June 10, 2009

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Today TaxMama hears from Dunn in Ohio, with this concern. “I owe federal taxes from when I was working for my employer. I have just started my own business (LLC). Will the IRS take the money I earn from my LLC to pay the personal taxes I owe?”

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