In 2010, I bought a car from Illinois but I live in PA and did not pay state taxes. I just received a letter from a law firm/debt collector obtained by the state to collect the amount. What will happen if I ignore them? What is the process for this type of situation?

September 20th, 2024

I am transferring $100,000.00 from two of my accounts to a third account in my and my daughter's name. Will the IRS be notified of such a transfer, and is there any penalty or tax on the transfer?

August 12th, 2024

My husband had an LLC for a small business that was only in his name. He passed away a month ago, and I found out he never filed regular taxes every year, although he paid quarterly payroll taxes. My children and I need the income from the business and can keep it going, but I'm not sure what to do. I don't want to be liable for his debt to the IRS. What should I do to handle the tax situation and continue the business?

June 23rd, 2024

I haven't paid taxes in 10 years but I want to make it right. What should I do?

July 8th, 2023

Are the registration fees for marathons, where the taxpayer participates to raise money for qualified charitable organizations, considered charitable deductions? Additionally, what are the rules for deducting mileage, lodging, and meals for these marathon ventures?

August 13th, 2023