Tax problems may seem insurmountable. But there are many things that can be done to set things right, to relieve the stress, and to create a new beginning. A highly skilled tax attorney, a former prosecutor, and a Fellow in the Society of Actuaries, Tom works hard to resolve your immediate and long-term tax issues. Whether you're running a business, raising a family, or exploring the world Tom offers top quality legal representation with a small firm's personal touch.
Working Abroad - Paying the U.S. Income Tax Expatriates and the federal income tax Going abroad to live and work is a very exciting thing to do. It also has tax consequences because the United States will tax your income, no matter where you live and no matter. How Marriage and the Joint Return Can Affect Your Tax Liability Does the Tax Code Reward or Penalize Marriage?
The story is as old as time. First comes love then comes marriage. And quick as a rabbit after that: the joint tax return. Ah, sweet bliss, married only a few weeks or.
Working Abroad - Paying the U.S. Income Tax Expatriates and the federal income tax Going abroad to live and work is a very exciting thing to do. It also has tax consequences because the United States will tax your income, no matter where you live and no matter. How Marriage and the Joint Return Can Affect Your Tax Liability Does the Tax Code Reward or Penalize Marriage?
The story is as old as time. First comes love then comes marriage. And quick as a rabbit after that: the joint tax return. Ah, sweet bliss, married only a few weeks or.
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An attorney and an actuary, Tom brings a unique skill set to the tax challenges faced by individuals and businesses, both at home and abroad.
More than twenty-five years ago Tom left the plains of Kansas to earn his law degree in Washington, D.C. Afterward, he worked as a criminal prosecutor in New York and later became a Fellow in the Society of Actuaries.
Now, with a Master of Laws (LL.M.) in Taxation from the Boston University School of Law, Tom focuses his practice on taxation in all its civil and criminal aspects.
More than twenty-five years ago Tom left the plains of Kansas to earn his law degree in Washington, D.C. Afterward, he worked as a criminal prosecutor in New York and later became a Fellow in the Society of Actuaries.
Now, with a Master of Laws (LL.M.) in Taxation from the Boston University School of Law, Tom focuses his practice on taxation in all its civil and criminal aspects.
Whether you're dealing with the IRS, the Massachusetts Department of Revenue, the Appellate Tax Board, or the U.S. Tax Court, act now to protect yourself, your family, and your assets.
Just because you've received a letter demanding payment doesn't necessarily mean you have to pay the amount stated.
The tax code is hugely complex and a myriad of factors can have big impacts.
Bottom line: A Notice of Deficiency or Assessment is just the starting point.
From certain investments or loans, gifts made or received, property bought or sold, judgments received or paid.
Just because you've received a letter demanding payment doesn't necessarily mean you have to pay the amount stated.
The tax code is hugely complex and a myriad of factors can have big impacts.
Bottom line: A Notice of Deficiency or Assessment is just the starting point.
From certain investments or loans, gifts made or received, property bought or sold, judgments received or paid.
Unfiled tax returns and tax debts owed can result in liens on your property, both public and private, and damage your credit rating.
And that can hamper your ability to move, change jobs, qualify for loans, or obtain financial aid for yourself or your children's education.
For many folks, building a better future for themselves and their families begins by fixing prior tax mistakes.
Engaging a tax professional's help can be crucial to success.
When done correctly, the total tax owed may well decrease, even be eliminated, when missing tax returns are filed.
And that can hamper your ability to move, change jobs, qualify for loans, or obtain financial aid for yourself or your children's education.
For many folks, building a better future for themselves and their families begins by fixing prior tax mistakes.
Engaging a tax professional's help can be crucial to success.
When done correctly, the total tax owed may well decrease, even be eliminated, when missing tax returns are filed.
When you first get that letter from the Taxman demanding that you pay back taxes, plus interest and penalties, it can be a stomach-churning moment.
The amount they want you to pay, and just about immediately, too, could change all your future plans.
The thing to try and remember, though, is that the letter is just the IRS or DOR's opinion that you owe them money.
They can be wrong.
They can be lacking key information.
They may have misunderstood the situation.
After all, they only have a few sparse forms to go by.
The amount they want you to pay, and just about immediately, too, could change all your future plans.
The thing to try and remember, though, is that the letter is just the IRS or DOR's opinion that you owe them money.
They can be wrong.
They can be lacking key information.
They may have misunderstood the situation.
After all, they only have a few sparse forms to go by.
But sometimes it happens that, when all is said and done, there remains a balance due.
In that case the IRS or DOR will demand payment.
Fail to pay and they can file tax liens against everything you own, even seize your bank accounts, investments, your car and home.
It may feel as though there is nothing more to be done but pay if you can or suffer the humiliation of seizure if you can't.
But nothing could be farther from the truth.
And for those who likely will never be able to pay in full an Offer in Compromise can be made, which may result in complete forgiveness of some or perhaps all the tax debt.
In that case the IRS or DOR will demand payment.
Fail to pay and they can file tax liens against everything you own, even seize your bank accounts, investments, your car and home.
It may feel as though there is nothing more to be done but pay if you can or suffer the humiliation of seizure if you can't.
But nothing could be farther from the truth.
And for those who likely will never be able to pay in full an Offer in Compromise can be made, which may result in complete forgiveness of some or perhaps all the tax debt.
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