Source: http://thorgoodlaw.com/category/settlement/
Timestamp: 2017-04-25 08:26:41
Document Index: 355895055

Matched Legal Cases: ['§6159', '§6306', '§6320', '§6331', '§7122', '§7345']

Settlement | FREE Yourself from IRS Problems
Settlement	New Highway Bill Gives IRS New Collection ToolsPublished March 8, 2016 | By admin	In December 2015, Congress passed the Fixing America’s Surface Transportation Act (FAST). Provisions included in this bill authorize the State Department to deny or revoke passports for individuals with delinquent tax debt of more than $50,000. The bill also resurrects the IRS private debt collection program and requires the IRS to use third-party entities to collect tax debt under limited circumstances. The IRS contracted with private debt collection agencies from 2006 to 2009, but then at the end of this period insisted it could more efficiently collect the debt itself, thus ending the private program. This is a preview of New Highway Bill Gives IRS New Collection Tools. Read the full post (798 words, 1 image, estimated 3:12 mins reading time)	Posted in Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Innocent Spouse Relief, News, Settlement, Tax Evasion, Tax Fraud | Tagged FAST, innocent spouse relief, IRC §6159, IRC §6306, IRC §6320, IRC §6331, IRC §7122, IRC §7345, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, offer and compromise, Tax, tax attorney, tax lawyer, The Fixing America’s Surface Transportation Act | Leave a comment	For Americans abroad, surviving in the world of FATCA and FBARPublished February 18, 2016 | By admin	In March, 2010, FATCA , or The Foreign Account Tax Compliance Act, was enacted by Congress to remedy a perceived growing problem with foreign banks facilitating and encouraging U.S. taxpayers to conceal assets in their financial institutions. Seventy-nine countries have since signed FATCA agreements with the IRS, which require the financial firms within each of the participating countries to report account data for accounts owned by U.S. taxpayers or face severe penalties.
This is a preview of For Americans abroad, surviving in the world of FATCA and FBAR. Read the full post (571 words, 1 image, estimated 2:17 mins reading time)	Posted in Civil Penalties, Fast Track Settlement Program, FATCA, FBAR, Foreign Financial Account, Income, Settlement | Tagged civil penalties, FBAR, foreign financial account, Form 8938, new york city tax attorney, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Schedule B, tax attorney, tax lawyer, The Foreign Account Tax Compliance Act (FATCA) | Leave a comment	WHAT IS AN OFFER-IN-COMPROMISE?Published January 29, 2016 | By admin	Taxpayers that are unable to pay their tax bill have several options. All is not lost. Taxpayers who can’t pay their tax liability or who create a financial hardship by paying this liability may take advantage of a federal tax program in which they utilize a mechanism known as an “Offer In Compromise” to resolve and settle these tax problems with finality. The Offer in Compromise (or “OIC” in IRS and legal jargon) program is not for everyone and the IRS advises that taxpayers explore all other payment options before submitting an OIC. An experienced tax professional is absolutely essential in all steps of the process of formulating, making, and awaiting the IRS to accept, an OIC.
This is a preview of WHAT IS AN OFFER-IN-COMPROMISE?. Read the full post (892 words, 1 image, estimated 3:34 mins reading time)	Posted in Civil Liabilities, Civil Penalties, Delinquent Taxes, Offer-In-Compromise, Representation, Settlement | Tagged assessment, federal tax lien, financial hardship, Form 656, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, offer in compromise, reasonable collection potential, tax attorney, tax lawyer | 1 Comment	WHAT? I HAVE TO PAY TAXES ON MY LAWSUIT AWARD?Published January 6, 2016 | By admin	You’ve just received an award as the prevailing party in a lawsuit and it’s just a few weeks before the April 15th tax deadline. As you organize your documentation for the preparation of your taxes, you suddenly wonder if you have to pay taxes on the legal proceeds that you received a few weeks earlier. Are they indeed taxable? Whether you must include the amount of the proceeds in your income depends on all the facts and circumstances of each individual case. It also depends upon the type of injury incurred.
This is a preview of WHAT? I HAVE TO PAY TAXES ON MY LAWSUIT AWARD?. Read the full post (739 words, 1 image, estimated 2:57 mins reading time)	Posted in Damages, Emotional Distress, Form 1040, Interest Income, Physical Injury, Proceeds, Punitive Damages, Schedule SE, Settlement, Taxable Income | Tagged Attorney, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Tax, tax attorney, tax lawyer | Leave a comment	Follow Us!