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unfiled tax returns

What to Do If You Have Unfiled Tax Returns

What to Do If You Have Unfiled Tax Returns No one likes filing their taxes, but not filing them at all is never a good idea. The IRS is a powerful collection agency, and an unforgiving one. Getting on the…

December 02, 2019

cryptocurrency and taxes

Why Early Adopters of Cryptocurrency Should Explore Their Tax Resolution Options Now

The stunning rise in the value of Bitcoin, along with the myriad of cryptocurrencies, is surely one of the biggest financial stories of the 21st century, at least so far. What started out as a mere curiosity and niche project…

December 02, 2019

filing your taxes

4 Mistakes That You Don’t Want to Make When Filing Your Taxes

Filing Your Taxes It can be a stressful experience preparing your taxes and filing them. It can be even more stressful however, if you make these mistakes that land you into tax trouble. It’s important to remember that if you…

November 11, 2019

the-rise-of-cryptocurrency

The Rise of Cryptocurrency

The Rise of Cryptocurrency The stunning rise in the value of Bitcoin, along with the myriad of cryptocurrencies, is surely one of the biggest financial stories of the 21st century, at least so far. What started out as a mere…

October 21, 2019

Can I Avoid Paying Back Taxes by Declaring Bankruptcy?

There are several different types of bankruptcies, including a Chapter 13 (repayment plan for individuals), a Chapter 11 (repayment plan for businesses) or a Chapter 7 (liquidation). In a Chapter 13 or a Chapter 11, the taxes are typically paid…

November 21, 2017

Can I Go to Jail for not Paying my Taxes?

Absolutely yes you can go to jail for not paying your taxes! Failing to file a tax return is a misdemeanor punishable by imprisonment for up to one year in jail. Filing a tax return that you know is not…

November 21, 2017

havent-paid-my-taxes-in-years

What Should I Do If I Haven’t Paid My Taxes in Years?

I haven’t paid my taxes in several years. What should I do? Is the IRS asleep and has not contacted you? Is the IRS actively taking enforced collection action against you such as levying on your wages or bank accounts?…

November 21, 2017

IRS Halts Substitute for Return Program for Non-Filers

If you do not file a tax return, and if you are required to file a tax return, the IRS typically sends a series of letters asking you to file a tax return for the year in issue. If you…

November 06, 2017

Former CEO Pleads Guilty to Tax Evasion

Peter Nordberg was the CEO of Max International located in Salt Lake City.  Max International makes and sells nutritional supplements. Nordberg was paid by Max International with a salary and commissions related to sales.  Bonuses were also paid to Nordberg,…

October 18, 2017

Floyd Mayweather Seeking Installment Agreement on 2015 Taxes

As Floyd “Money” Mayweather prepares for his epic battle against UFC superstar Conor McGregor in August 2017, he’s also got something else on his mind — namely some unpaid tax liabilities. According to a petition filed with the US Tax…

July 20, 2017

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