In our last post, we discussed a few of the most common tax penalties imposed by the IRS. Here we explain some ways of getting those penalties, and interest, reduced or removed entirely (otherwise known as “abatement”). It’s bad enough owing taxes, but when penalties and interest are added your bill can become a downright…
How are the small farms in the Central Valleydealing with water, the economy, and inflation? Plus, Russian born Victor Gichun reveals what it means to have a side hustle in the US. (more…)
Learn about options for dealing with tax debt and what happens when you can’t pay your taxes. This episode focuses on individuals with tax problems. This week Steve is joined by his long-time colleague Chris Housh. Chris chairs the firm’s tax resolution and business entity compliance practice groups and is the Vice President of the…
Other Posts in this Series Part II: Negligence Part III: Substantial Misstatements It’s not enough to just file your tax returns and pay some amount to the government – the penalties for incorrect returns can be as significant as those for late filing and payment. There are quite a few accuracy-related penalties on both the…
If you have overpaid your taxes or had penalties unlawfully collected, there are ways of getting your money back. But you must move quickly – if you wait too long, the statute of limitations may run out and you may no longer be eligible for tax refunds. Obtaining a tax refund The Internal Revenue Service…
If you are having tax troubles, whether you are completely innocent of any wrongdoing or have done some things you wish you hadn’t, we want to help. The experienced tax attorneys at Moskowitz, LLP are ready to use their substantial knowledge of tax law and courtroom experience to give you the best possible representation. Audits and…
Financial specialist Simon Brady asks a simple question; are your finances ready should you get divorced or your spouse were to die? Divorce and taxes; And what about your parents in their final days; will they, or YOU, outlive your money? (more…)
Even successful business owners sometimes find themselves with a tax bill they cannot pay. April 15th is just around the corner, and many people – particularly small business owners – find that they owe taxes that they are unable to pay. As a tax law firm, we have many clients who face the dilemma of…
If you do not pay your taxes in full, you will receive a bill from the IRS. That bill marks the beginning of a collections process that could have a devastating effect on your business and your life. The tax attorneys at Moskowitz, LLP can determine the most advantageous route for relief of your tax…
A recent Texas case clearly demonstrates how unforgiving the courts can be when it comes to unpaid employment taxes.McClendon v. U.S.In May of 2009, Dr. Robert McClendon learned that the Chief Financial Officer of his medical practice had been embezzling money from him, and that his practice owed roughly $10 million in unpaid employment taxes…
