From the March, 2014

Here Comes The Health Care Tax Penalty

The Patient Protection and Affordable Care Act, commonly called the “Affordable Care Act” or “ObamaCare” was enacted four years ago and requires all US Citizens to have health insurance or pay a penalty on […]

The Taxpayer Advocate Service Focuses on Economic Hardship Cases

The Taxpayer Advocate Service (TAS) is an independent organization within the IRS. TAS helps financially distressed taxpayers who can no longer provide basic needs for themselves such as housing, food and transportation.  TAS also […]

New IRS Guidance For Innocent Spouse Procedures

Often times a spouse, or former spouse, may receive an enormous tax assessment from the IRS and have no idea why.  It might just be that the tax liability is the result of tax […]

Arizona Businessmen Sentenced for Failure to Disclose Millions in Swiss Bank Accounts.

Two prominent Phoenix businessmen were sentenced to 10 months in prison for failing to report over $8 million they controlled in Swiss bank accounts.  According to trial evidence, the businessmen filed false tax returns […]

Late Tax Filing Penalties for LLC’s – They can be waived!

Late filing penalties are assessed by the IRS any time you file a return later than the specified deadline. And while it’s possible to have these waived if you can show “reasonable cause,” the […]

Are There Errors On Your Credit Report?

Pretty much everyone has a credit report and most are used to determine credit worthiness for various types of loans. But a surprising one in four reports contain some type of error according to […]