Generally, a statute of limitations is a law that limits the time a legal proceeding, or act allowed under a law, can be initiated. Think of it as a way of legal housecleaning – […]
From the nielsen law group Tag
Ever wonder what the chances of winning in an IRS Audit might be? With 1 in 100 taxpayers being selected for an audit, there’s a small chance you’ll find out. But it you’re just […]
It is a pervasive misconception among debtors in Chapter 7 bankruptcy cases that the debtor has a duty to enter a new contract with secured creditors in order to retain their vehicles, their home, […]
With the majority of personal tax returns now filed, how did the IRS do compared to the prior tax year? Well, here are a few statistics just published by the IRS (processing dates are […]
The US is unique in its view that citizens should pay tax on money they earn anywhere in the world, even if they don’t live in the US. Most countries either tax their citizens […]
A recent ruling from the 9th Circuit Bankruptcy Appellate Panel has clarified an ambiguity in the bankruptcy code by clarifying that property inherited more than 180 days after the filing of a Chapter 13 […]
From biblical times until now, the tax man was synonymous with the bad man – someone to fear, and on occasion, to hate. The IRS, our modern day version of the tax man, fits […]
A taxpayer in California received a letter early this year notifying them that their 2013 tax return was being examined – but they hadn’t yet even filed their 2013 return. An Arizona couple was […]
The Internal Revenue Service recently released their views on the proper tax treatment of virtual currencies such as bitcoin. These virtual currencies are often used as a medium of exchange for payment for goods […]
The Internal Revenue Code (Section 7501) states that payroll taxes withheld from an employee’s paycheck are held in trust for the United States and must be paid to them. Withholding these funds and then […]