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Can I Avoid Paying Back Taxes by Declaring Bankruptcy?

There are several different types of bankruptcies, including a Chapter 13 (repayment plan for individuals), a Chapter 11 (repayment plan for businesses) or a Chapter 7 (liquidation). In a Chapter 13 or a Chapter 11, the taxes are typically paid…

November 21, 2017

Can I Go to Jail for not Paying my Taxes?

Absolutely yes you can go to jail for not paying your taxes! Failing to file a tax return is a misdemeanor punishable by imprisonment for up to one year in jail. Filing a tax return that you know is not…

November 21, 2017

havent-paid-my-taxes-in-years

What Should I Do If I Haven’t Paid My Taxes in Years?

I haven’t paid my taxes in several years. What should I do? Is the IRS asleep and has not contacted you? Is the IRS actively taking enforced collection action against you such as levying on your wages or bank accounts?…

November 21, 2017

IRS Halts Substitute for Return Program for Non-Filers

If you do not file a tax return, and if you are required to file a tax return, the IRS typically sends a series of letters asking you to file a tax return for the year in issue. If you…

November 06, 2017

Former CEO Pleads Guilty to Tax Evasion

Peter Nordberg was the CEO of Max International located in Salt Lake City.  Max International makes and sells nutritional supplements. Nordberg was paid by Max International with a salary and commissions related to sales.  Bonuses were also paid to Nordberg,…

October 18, 2017

Floyd Mayweather Seeking Installment Agreement on 2015 Taxes

As Floyd “Money” Mayweather prepares for his epic battle against UFC superstar Conor McGregor in August 2017, he’s also got something else on his mind — namely some unpaid tax liabilities. According to a petition filed with the US Tax…

July 20, 2017

Louisiana Attorney Sentenced to 30 Months in Prison for Tax Evasion

Criminal defense attorney Michael Thiel of Baton Rouge, Louisiana was recently sentenced to 30 months in prison for tax evasion. From 2003 through 2013, Thiel evaded paying approximately $1 million in income and employment taxes, plus penalties and interest, by concealing…

June 12, 2017

Proposed Law to Bar Bonuses for Tax Delinquent IRS Employees

Most people do not realize that bonuses can be paid to certain IRS employees. IRS managers can recommend that employees be given bonuses if they perform at a certain level. According to the Treasury Inspector General for Tax Administration, more…

March 22, 2017

81-Year-Old Veteran Scammed Out of $8,000 After Payment with iTunes Cards

In recent testimony before the Senate Special Committee on Aging, 81-year-old veteran Philip Hatch of Portland, Maine detailed how IRS impersonators scammed him out of $8,000.00 and, in a brazen move, attempted to steal even more money. According to his…

March 10, 2017

Should a Discharged Student Loan Be Treated as Income on Your Tax Return?

Generally speaking, when you are relieved of a debt outside of bankruptcy, such as when a bank forgives a mortgage, you may experience forgiveness of indebtedness income. It is kind of counterintuitive to think that forgiveness of debt can lead…

February 09, 2017

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