I had a tax debt to the IRS for unfiled tax returns. My wife had no taxable income for those years. My accountant, against my instructions, filed the returns as married-filing jointly, pulling her into the tax debt and causing a lien on her property. The accountant just said 'oops'. This has caused significant problems, including the inability to sell the house. What can I do?

November 13th, 2024

I received a 1099-C from a loan consolidation finalized in January 2011. During the 18-month loan modification process, I filed bankruptcy, which was discharged in June 2010. Can I claim that 1099-C 'income' under my bankruptcy? My home was in foreclosure during the bankruptcy process.

June 15th, 2023

Can the IRS impose a levy on my unemployment wages?

March 28th, 2023

If Social Security is your only source of income, are you required to pay income tax on $1475 per month?

March 1st, 2023

My AGI was over 162k last year, and I have over 21k in rental losses. Since I am not a real estate professional, is there any exception that allows me to claim my rental loss on my taxes? If not, should I consider opening a business to claim the loss as a business loss in future years?

March 2nd, 2024