Your IRS Questions Answered Here…
Question: I received a notice from the IRS because I did not have the funds to pay the taxes I owed on my 2017 income tax return. I also was late in filing my tax return. Not only is the IRS demanding the tax I owe, but they have slapped on these huge amounts for […]
IRS Terror Tale of the Month
Unless you have been living under a rock, you’ve probably heard of Paul Manafort and the millions he failed to pay the IRS in taxes. Due to the brief time Manafort spent as President Donald Trump’s campaign manager during the 2016 election, Manafort’s tax fraud and other crimes were often spun based on political leanings. […]
First Prison Term for Cannabis Related Tax Crimes
After the November 6, 2018 elections, 10 states now have legalized recreation marijuana use, and 31 states have legal medical marijuana. Even though cannabis is still illegal on a federal level, income earned must still be reported on an individual and/or business tax return. Matthew Price, a dispensary owner in Oregon learned the hard way. […]