Can I Get Rid of Back Taxes in My Chapter 7 Bankruptcy? – Jacquelyn

“Dear Jim, I am converting from chapter 13 to a chapter 7 and I have owed federal taxes in it they will work with me on it won’t they? Will they work with me to pay back my taxes? Jacquelyn” Dear Jacquelyn, Thanks for the question. Although bankruptcy is filed in federal US Bankruptcy Court, … Read more

My Mother-In-Law Moved From Puerto Rico to the U.S. Does She Need to File a U.S. Tax Return? – Amy

“Dear Jim, My mother-in-law moved from Puerto Rico to the US and the only income she has is from a pension that she receives from a lifetime of teaching in PR. Even though she lives in the US, does she need to file a US tax return if she does not receive any US income? … Read more

The Virginia Department of Taxation is Taking All of My Pay. – Leslie

“Dear Jim, I owe back taxes to the state of Virginia for ’06 and ’07. I neglected to pay only because I was dealing with a brain tumor. The VA Dept. of Taxation levied a garnishment of 100% of net. VA Dept. of Taxation uses federal tax exemptions not federal limits for garnishment. At least, … Read more

I Owe the IRS. Will They Settle for a Lesser Amount in an Offer in Compromise or Do I Need an Attorney? – Diana

“Dear Jim, I owe the IRS $26,000. There were some years I failed to file taxes and some years I filed and owed, but they said I never filed, I have the copies. I have all the information except one year. My question is will the IRS settle with me for a lesser amount or … Read more

Are the Monthly Fees I Paid for Debt Settlement Tax Deductible? – Susan

“Dear Jim, I engaged Greensheild FS after loosing my job5/2009, due to @ 50, 000 in debt. I started paying their fee 7 2009. I was not able to get a copy of the the contract on line until two months before I found my account had been transferred to davenport law (@12 2010). Each … Read more

I Didn’t File Tax Returns for the Last Five Years But I Live on Very Little. What Do I Do? – Barb

“Dear Jim, I am in my late 70’s and I have gotten neglectful and ill the last five years and did not file a return. I know I do not owe money since I usually owe them nothing(it is taken out) or very very little for many years. I am retired and live on about … Read more

I Owe the IRS a Lot of Money and They’ve Put a Lien on Me. What Do I Do Now? – George

“Dear Jim, I own IRS appx 40,000., 65,000, with penalties and interest in back taxes. IRS recently notified me of a lien for almost 40,000. I want to set up an installment plan with the irs over 5 years to pay all the monies due. I am a retired federal employee and make approx 90,000., … Read more

Owe The IRS? Here Are Eight Awesome Insider Tips to Make it Less Painful and Cheaper

The following guest post was contributed by Jim Buttnow. Jim is a licensed CPA who spent 19 years with the IRS coordinating large compliance teams of IRS agents and specialized personnel. In the last 5 years, Jim has invented consumer and practitioner software and treatises on how to address many different tax issues. He has … Read more