Previous posts on this blog have described the broad powers the IRS has to pursue a person's wages and property in order to collect a delinquent tax debt. For instance, the IRS has the power to use wage levies, which work a lot like garnishments. Unlike traditional...
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Month: September 2019
The business versus hobby distinction
Many people in White Plains and the other communities around New York City have hobbies. In most cases, people probably think of a hobby as something that a person spends money on in order to get a non-financial benefit, like relaxation or personal satisfaction.There...
Knowing injured spouse relief from innocent spouse relief
The IRS has seen every kind of complication an American family or business can offer. So even in the tax-law sense of the terms, in a nation with a population of over 300 million, innocent and injured spouses are relatively routine to the IRS.To save you time below,...
IRS offering limited settlement to some taxpayers under audit
The Internal Revenue Service (IRS) does not have a reputation as being particularly forgiving. Some taxpayers currently under audit, however, are getting an uncommon opportunity: a limited-time settlement offer that will bring some finality to the issue at-hand.Here...
Reality star indictment illustrates important lessons
Two reality starts that might be familiar names to residents of the Chicago area are now facing federal allegations of tax evasion and other federal charges. The couple has said that they are innocent of the criminal charges and have publicly blamed a former employee...
IRS wage levies can drain a person’s paycheck fast
Like other debt collectors, the Internal Revenue Service has a process by which it can garnish an Illinois taxpayer's wages and divert those wages to offset delinquent taxes. Unless the taxpayer makes other arrangements, the wage levy will continue until the taxes get...