Grego Law Related News
“IRS Provides Tax Relief to Victims of Hurricane Isaac; Return filing and Tax Payment Deadline Extended to Jan. 11, 2013” In Information Release 2012-70, the IRS granted tax relief to victims of Hurricane Isaac for individuals and businesses located in certain counties and parishes that were affected by Isaac. For tax returns due on or […]
Generally speaking you – or any person – have a 1 in 200 chance of being audited. This risk increases to 1 in a 100 if you make over $100,000 per year. Thankfully for most of us, the IRS has been forced to cut staff which means your odds of being audited just got a […]
Hurricane Isaac Relief For certain Louisiana and Mississippi residents, the IRS has extended the 2011 tax return filing and tax payment deadline as relief from the hurricane Isaac disaster. This filing relief will include most extended corporate and individual tax returns, originally due on September 15 and October 15. “The tax relief postpones various tax […]
If you owe the Internal Revenue Service a great deal of money and are full of despair as to how you will ever get it paid off, you might want to consider a plan where you will make a monthly disbursement or installment agreement in order to gradually get your outstanding balance paid down. The […]
The purpose of the innocent spouse rule so far as the IRS is concerned is to effectively limit the joint liability which results when a couple files a joint income tax return. Be aware, however, that filing an innocent spouse claim is both difficult and time-consuming particularly in community property states. There is one form […]
There are many people in the United States who have neglected to take care of past due tax returns—even for more than a few years. Perhaps times were tough and they thought they would catch up on the taxes once their economic situation improved yet now there are potentially years of past due returns piling […]