https://www.courtlistener.com/opinion/9385539/charles-lin-amy-lin/ Background Charles Lin and Amy Lin, a retired couple residing in Virginia, filed their 2019 federal income tax return. On their return, they reported $4,010 in dividends, $50,629 in taxable retirement benefits, and a rental real estate loss of $8,189. The rental loss was from a room that the couple rented out to a […]
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Offer in Compromise Pre-Qualifier Tool
Tax problems can happen to almost anyone. Perhaps you got behind on your estimated payments as a self-employed individual, or you withheld too little from your paycheck, and now owe thousands of dollars to the IRS. Whatever the case may be, if you are having trouble paying off your tax debt, you may be able […]
Paycheck Protection Program
Paycheck Protection Program If your business is in immediate need of cash, the federal government has rolled out several different programs to assist businesses, one of which is the Paycheck Protection Program. The Paycheck Protection Program (“PPP”) is a federally guaranteed loan to businesses to pay their payroll and certain other operating expenses. PPP has […]
COVID-19 Tax Relief: Everything You Need to Know
The IRS and state governments have announced various COVID-19 tax relief programs due to the coronavirus. We’ll do our best to keep this page updated with the most up to date information. The IRS’s COVID-19 Tax Relief Announcements The IRS officially extended the deadline to file and pay your 2019 taxes until July 15, 2020, […]
Nonfilers: What to do when you haven’t filed your tax returns in years
One of the most common types of matters I handle is the nonfiler—the individual or business that has not filed taxes in one or more years. One in every ten people who has a filing requirement does not file a return. Some common reasons people don’t file: An illness or family death around tax season […]
