I have 5 years of unfiled taxes for State (MN) and IRS. The state has filed returns and garnished wages for some of the returns. I'm estimating the balance to be approximately $60,000. What is the best course of action for me to clean up this mess? Should I file the returns and then file bankruptcy, or should I consider an offer in compromise?

July 13th, 2023

I will be working overseas for the next 9 months starting in December. What income tax will I have to pay?

August 12th, 2023

Are legal fees deductible that were incurred by a single member LLC in a startup business that never got off the ground due to a dispute with the other party who was supposed to market the business & its unique product in the real estate industry?

February 5th, 2024

I am the only beneficiary of my mother's estate who passed away in December 2017. The estate includes an overdue property tax from October 2017. I don't want the property, which is a small piece of land in a flood plain, and it won't sell. I am also the Power of Attorney for my mother. Am I liable for the property tax, and if I disinherit myself from the property, will I still owe the tax or be liable for future taxes?

August 17th, 2023

Can I use funds from my 401K to fund an LLC in FL to purchase a rental property in NC, and improve the property over the years? What tax advantages does this offer?

March 24th, 2024