Articles Posted in TAX PROBLEMS

An IRS income tax return may be made your tax attorney if the taxpayer is unable to make it by reason of illness or continuous absence from the United States for a period of at least 60 days before the due date, or if the taxpayer requests written permission from the IRS and the IRS finds good cause to allow such substitution.

A return that is signed by the IRS tax attorney on behalf of the taxpayer, but without the taxpayer having first executed a valid IRS power of attorney, is not a valid tax return from the IRS’ perspective.

Tax Liability for income, estate, and gift taxes generally is reflected on required tax returns. To the extent that these tax returns disclose that IRS tax debt exists, the IRS may summarily assess those tax amounts even if you or your tax attorney did not execute the return.

Many taxpayers that meet with our lawyers in our Los Angles office often have not filed their IRS tax returns in many years. I actually met with someone who hasn’t filed a IRS tax return in over 25 years.

In terms of helping anyone with this type of tax problem it is important to prepare and file all unfiled tax returns. Besides the fact that unfiled tax returns could lead into criminal tax and tax fraud related problems with the IRS, you will probably pay less in taxes by filing your IRS tax return on your own.

What happens if you do not file IRS Tax Return?

A common IRS tax problem or IRS tax controversy concerns raised by our Los Angeles, Riverside and Orange County clients to our tax attorneys centers around the tax problem which arises through foreclosure and short sales of real estate.

We are not talking about real estate taxes but IRS tax problems which arise as our housing markets crash in Los Angeles, Orange and Riverside areas.

IRS tax law requires all lenders to report to the Internal Revenue Service when they obtain partial or full satisfaction of a debt which is secured by interest in real estate. The lender is also required to report to the IRS when the borrower abandons property that is security for the debt.