» Tax Tips for Professionals
Steps to Take Before Suing the IRS for a Tax Refund
March 21st, 2022
When the IRS makes a mistake, individuals and small businesses often want it corrected in a hurry. They may rush to file a lawsuit to correct the error. But if you miss certain steps before suing the IRS for a tax refund, your case could be dismissed…
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Is a Disability Discrimination Award Taxable as Income?
August 24th, 2020
By the time a wrongfully terminated employee receives their disability discrimination award after filing an employment discrimination lawsuit, much of that money is already earmarked for lawyers, medical providers, and other bills that have come due.…
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Is a Retirement Account Early Withdrawal Tax Penalty Unconstitutional Discrimination?
May 26th, 2020
What’s the difference between a tax-advantaged retirement account and a regular savings account? About 10% if you take a withdrawal too early. But could that early withdrawal tax penalty be unconstitutional age or disability discrimination? The U.S…
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Court Says Taxpayer Could Not Redeem Real Estate Sold Under Tax Lien
May 11th, 2020
Taxpayers who sink their assets into real estate rather than pay their taxes can find themselves facing sheriff sales when the IRS comes to collect what is owed. One taxpayer tried to use a Utah law to redeem real estate sold under a tax lien, but th…
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Bankruptcy Court Lifts Stay for IRS to Collect Tax Lien on Retiree’s Pension
April 10th, 2020
Bankruptcy attorneys often advise clients that filing their bankruptcy petition will put an end to collections efforts by creditors. However, tax attorneys know that the IRS does not give up so easily. A recent bankruptcy court case shows that an aut…
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