The Long and Short of It – This Attorney is Going to Jail
New Jersey attorney Douglas M. Long pleaded guilty to evading more than $250,000 in federal taxes on income generated from his law firm. Long, managing partner of Long & Marmero LLP, had primary control over the firm’s finances and supervised the firm’s bookkeeper. He used the company’s bank accounts to pay for school tuition payments […]
Form 433-D IRS Installment Agreement [with video]
Form 433-D is used for the application for an Installment Agreement with the IRS to know when and how much to automatically draft from a bank account. What a Form 433-D is used for This form is used for the application of an Installment Agreement with the IRS. An Installment Agreement is the understanding between […]
Federal Tax Lien Statute of Limitations
A fact that is not widely advertised by the Internal Revenue Service is the statute of limitations on Federal Tax Liens. The Federal Tax Lien Statute of Limitations is 10 years. This means that the Internal Revenue Service has 10 years to collect unpaid tax debts from you. After the 10 years expires, the IRS […]