Court’s Decision: TurboTax Not to Blame for Taxpayer’s Submitted Tax Return Rejection Taxpayer on the Hook for an Estimated $200,000 in Penalties, Part One
Part One of a Two-Part Series It was just days before the tax deadline in April 2013. John Spottiswood prepared his joint return for himself and his wife and submitted it to TurboTax. Along with his…
Now What? I Got a CP59 Notice from the IRS. Help!
April 15th is now well behind us. If you didn’t file your tax return (or file for an extension), a CP59 notice from the IRS may soon be appearing in a mailbox near you. How Do I Know I Got a CP59…
You got a tax notice. You cannot run or hide, so now what? What to do when the IRS wants something from you.
You Got a Tax Notice. You Cannot Run or Hide, So Now What? What to Do When the IRS Wants Something from You. An SFS Tax Problem Solutions Blog. So you got a tax notice. Plan your next move very, very…
Stormy Daniel's Attorney's Firm Failed to Pay Back Tax Payment of Over $440,000, Could Face Legal Action by the Federal Government
A law firm tied to Stormy Daniel’s attorney is in hot water with the IRS over a missed back tax payment of over $440,000 that was due the week of May 14. Michael Avenatti “personally guaranteed” the…
Working for the Tax Man: Will Smith & The Fresh Prince of Bel Air
The popular “The Fresh Prince of Bel-Air” TV series made Will Smith a household name. It also got him out of tax trouble with the IRS, according to an article from The Hollywood Reporter. It was in…
Facebook and the $7 Billion Tax Case - Top 3 Lessons to Take Away
Even social media giants can have tax trouble. Facebook’s request to have its $7 billion tax case decided by the IRS Office of Appeals has been denied by a California judge, as reported by Forbes on…
5 Things Doughnuts and Taxes Have in Common
On this hallowed holiday (National Doughnut Day) we take a moment to pay our respects. It turns out that doughnuts and taxes are pretty similar, believe it or not. 1. No matter what your individual…
The "Taxi King" and the $5 Million Tax Bill
Evgeny A. Friedman, 46, calls himself the “Taxi King.” On May 23, he pleaded guilty to tax fraud to the tune of $5 million, as reported by licpost. Friedman is the former CEO of Taxiclub Management…
Getting Love Letters, Notices from the IRS?
Getting Love Letters, Notices from the IRS? Don’t stick them in a drawer. Or worse, throw them away. After the initial shock wears off, you shouldn’t forget to actually open the notice. You’d be…
