TL;DR If you’ve been dealing with overwhelming tax debt, you’ve probably seen or heard ads for the IRS Fresh Start program. The ads likely promise that the program will provide options to pay down or settle the tax debt. But what’s the truth about the IRS Fresh Start process? Keep reading to find out. Understanding […]
Tax Law
What Is Tax Negligence?
When clients call Paladini Law for the first time, they often have questions about what negligence means, who can represent them, and what they should bring to a first meeting. This guide answers those questions. Tax negligence refers to careless or reckless handling of your tax obligations, such as: Negligence can result in substantial accuracy […]
Tax Court Takeaways: Even Tyga Needs To Make Estimated Tax Payments to Get an Installment Agreement
Background Michael R. Stevenson, aka Tyga, recently sought review in Tax Court of an Intent to Levy Notice issued by the IRS. Tyga timely filed his 2019 federal income tax return but failed to pay the reported liability of $2,166,469. In an effort to collect this liability, the IRS issued a notice of intent to […]
How And When To Get A Tax Extension in 2020
For most people, the deadline for paying taxes on income earned in 2019 will be April 15, 2020. If you have a more complicated return or just need extra time collecting the documentation needed to complete and send it, you have to file an extension with the IRS by April 15 or face interest and […]
