Deferring 2020 Tax Payments Due to the COVID-19 Outbreak

For both private and commercial taxpayers, there is some relief from the Covid-19 outbreak and the damage it has wrought on the financial side. Known as the Notice 2020-17 as part of the Robert T. Stafford Disaster Relief and Emergency Assistance Act, it affords more time to make payments than was previously the case (up to certain limits). Royalty-free image…

Things Homeowners Need to Know About Taxes and Avoiding Foreclosure

Individuals and families in fear of losing their homes finally found relief through the government’s modification program. With some of the principal decreased or the entire second mortgage removed from the equation, making the monthly house payment became a little easier. For some, it was a welcome change from the months of struggling to pay a sizeable mortgage on top…

An Attorney Can help with Criminal Tax Investigations

Are you under criminal investigation by the IRS? You’re not alone. According to the IRS, 5,314 people were under investigation from October 2012 to September 2013. Of those people, 3,311 people were convicted of crimes and 80.1 percent of those were sentenced to prison. Breaking tax law has serious consequences. Whether you broke tax laws on purpose or due to…