The holidays are great for many people, as they get holiday bonuses and year-end bonuses that they can spend any way they want. These are often used to buy presents, take trips and pay off debts. It’s a good way to start the new year. That’s not true if you owe back taxes to thecontinue reading…
Back Taxes Or Tax Debt
Can popular artists count on fans to erase tax debt?
Paisley Park opens its doors for public tours starting next week. Readers in Minneapolis and western Wisconsin who happen to be fans of Prince probably already know this. What is also common knowledge is that managers of Prince’s estate are making this move because it’s estimated he may owe as much as $150 million in estate taxes.continue reading…
‘First Time Abate’ is useful, but not for everyone
We have noted before that the tax collector is not someone to be trifled with. When a taxpayer receives a notice of an issue regarding his or her taxes from the IRS or from the Minnesota Department of Revenue it can be disconcerting, but it is not something that can be ignored. It’s not onlycontinue reading…
How do I get out from under tax debt?
Owing back taxes or a tax debt to the IRS can be stressful. The situation may have been caused by several things: Being self-employed and not having taxes withheld Not having enough taxes taken out initially Not having the money to pay taxes when they were due Simply not filing a tax return Whatever causedcontinue reading…
What do I do if the IRS comes after me for my spouse’s actions?
The turning of a new year is a point of significant demarcation for a lot of people in Minneapolis and Wisconsin. Tradition suggests that it’s the time for us to turn over new leaves. Those in the practice of family law know it also happens to be the point at which a lot of couplescontinue reading…