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AREAS OF PRACTICE
AREAS OF PRACTICE
If the IRS determines that a taxpayer is unable to pay his, her, or its outstanding tax liabilities, it may delay collection until the taxpayer’s financial condition improves. Depending on a taxpayer’s particular situation, there are two primary means to have the IRS delay taking enforced collection against a taxpayer.
Not all taxpayer qualify for temporary collection holds or currently not collectible status, or, even if a taxpayer does qualify, there may be better and more effective options available to a taxpayer in resolving his tax liabilities.
If you are facing IRS collection, contact a tax attorney at the Politte Law Offices today, to determine what options are available to you, and what the best option is, which of based on your unique situation.
When are Legal Settlements Taxable?
More often than not, the taxability of an award or legal settlement is not on the forefront of a person’s mind when they are a party to a dispute or a lawsuit. Yet the tax implications of an award or legal settlement are important and should not be ignored, or there may be issues down […]READ MORE
What if a Contractor or Vendor Refuses to Provide a W-9 for a 1099?
In our last blog, Filing a Form 1099, we discussed business’s 1099 filing requirements. Here, we will discuss what a business should do if a contractor, vendor, or other person will not provide the information necessary for the business to prepare and file a 1099. If a business (including sole proprietors) pays a contractor, vendor, […]READ MORE
Filing a Form 1099
You have a business, and your business paid an independent contractor, vendor, or other person for services, goods, or rent sometime during the year. Perhaps you paid an accountant to do your bookkeeping, or an attorney to advise you regarding a contract. Maybe you paid someone to do some overflow work for you for a few weeks […]READ MORE