Arizona

Tax Debt and Bankruptcy Blog

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By Michael S. Anderson of Anderson Tax Law logo for Arizona tax attorney Michael S. Anderson P.C.
  • Legislators consider private IRS debt collection

    The U.S. Senate passed it’s version of a bill meant to fund the highway system, but included language in the bill that would privatize much of the IRS’ collection responsibility.  The U.S. House of Representatives is working on it’s own highway bill and may just include a similar provision.  (The House GOP Wants Private Debt…

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  • Unfiled Tax Returns? Six things you need to know

    If you have unfiled tax returns and the IRS is looking for them as they always do, you should know a few things: 1.  The IRS has income and other information about you.  You can get the info from them. The IRS maintains a record of w-2 forms, 1099s, mortgage interest and other items that…

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  • Unfiled Tax Returns? Answers to your most basic questions

    I have written about unfiled tax returns quite a bit.  The reason?  Many Americans don’t file tax returns on time and a good percentage of those people have failed to file returns for several years or more. If you haven’t filed in quite a while and have questions, this article will provide answers to most…

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  • Unfiled tax returns going back a dozen years…do I really need to file all of them?

    If you have unfiled tax returns, I’m not going to Judge you.  I have helped hundreds of Arizona clients deal with unfiled return issues and have learned that at least in Arizona, the failure to file a return is usually the result of emotions and thoughts we all have at some point in our lives….

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  • I haven’t filed my tax return for 2012 yet, am I going to get an IRS penalty?

    If you haven’t filed a 2012 return yet and you didn’t ask for an extension to file, you need to file it as soon as possible.  The IRS gets to add interest and penalty to your debt for each month un-filed and for each month unpaid and it adds up fast. The penalty for filing…

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  • IF YOU FILED YOUR INCOME TAX RETURN ONE DAY LATE WILL IT FOREVER BE BARRED FROM DISCHARGE IN BANKRUPTCY? SOME COURTS ARE SAYING YES.

    File Tax Return Late?  Debt Barred From Bankruptcy Discharge? I repeat myself on an almost daily basis when I tell people that income tax debt and certain other tax related debt is dischargeable (the obligation to pay it can be eliminated) in bankruptcy if certain requirements are met. The requirements in their most basic form…

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  • Instant Tax Service Franchisee barred from creating tax returns….forever

    A federal court in Nevada has barred the owner of several Instant Tax Service Franchises from preparing tax returns. Benyam Tewolde and his wife signed an injunction order without admitting guilt which was signed by the US District Court Judge Miranda M. Du. Apparantly Mr. Benyam and his staff were helping clients fabricate business and…

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  • Mortgage Forgiveness Debt Relief Act – You can take a breath now…It has been extended

    The “Fiscal Cliff” Bill passed by the House and Senate this week, re-authorized the “Mortgage Forgiveness Debt Relief Act“. This should delight all those facing a home foreclosure in the coming year. Background When a Homeowner owes the Bank more than the home is worth, and the home is foreclosed on, the Bank will typically…

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  • IRS DEBT? IT CAN BE SOLVED

    IRS Debt: The stuff of sleepless nights and serious regrets. If you have a serious tax debt ,you may have some regrets and worse…you may feel as if there won’t be a viable solution. I can tell you though that for many people with serious tax debt problems, there is hope. Many of my clients can…

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  • Unfiled Tax Returns? There are some things you need to know

    Sharing income with the Government is a burden and a responsibility we share. Many of us think that it is the worst way to raise revenue, but it is the law and failure to do so can result in serious problems. Despite this, there are millions of people in the U.S. who are late filers….

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