The Tax Preparation Blog

Posts Tagged ‘levy’

Question: I need to know if tax fraud has been committed by my tax preparer. I am divorcing my husband and have discover?

discovered, upon discovery, our joint tax returns were sent in without my signature. Is this legal?

Answer: Contact a lawyer and ask him. This sounds serious to me, and I”m not an accountant, but I would find out if it were me!

Pembroke tax preparer pleads guilty to fraud

RALEIGH — A Pembroke tax preparer pleaded guilty this week in Wake County Superior Court to felony tax charges filed by the North Carolina Department of Revenue. Robbie G. Revels, 38, of 503 Breec…

Tax Tips: Dirty Dozen – February 2010

Question: What liability do tax preparers have?

My tax preparer made a mistake when entering information on my tax forms from last year. This mistake may cost me $10,000 in back taxes from last year and thousands less on my return this year. Are tax professionals typically held liable for these mistakes or does the fault most often fall back on the tax payer themselves?

Answer: What is the real problem? Did the preparer make a mistake that will cost you $10,000 extra or did the preparer make a mistake by overlooking a $10,000 liability that you had anyway? It is unlikely that a preparer will make a mistake that can’t be fixed that generates additional tax and if you owed it in the first place, you haven’t been harmed. To the extent that you have to pay extra you may have some private claim against the preparer.

Liability of Tax Return Preparers (Order No. J1-1466) $75.00 …

Tax Return Preparers Liability: Guidelines for Professional Responsibilities $24.95 …

Effects of Decision-Aid Use on Evaluations of Tax Preparer Liability $66.94 Prior research demonstrates that the use of decision aids by auditors can influence jurors’ assessments of liability for audit failure. This study extends such research to tax preparation, investigating how tax practitioners’ use of decision aids influences jurors’ evaluations of liability. Participants included 226 qualified jurors responding to a hypothetical lawsuit against…

Expiring Bush Tax Cuts Present Dilemma for Preparers

The Senate Finance Committee held hearings last week to consider the effects of the soon-to-expire Bush tax cuts, and those problems could be magnified for tax practitioners and their clients.

How to Pick the Right Tax Preparer

Question: Does the California FTB cease collections if I file an offer in compromise?

The IRS ceases collection attempts while an offer in compromise is in review. Does the California Franchise Tax Board do the same? Can I stop making payments while the OIC is being reviewed?

Answer: Hello Hiro,
What you need to understand is that the offer in compromise application does not guarantee that it must be approved. You should continue to make payments until the collector from your county make first contact and advisies you that you can stop payment. Learn more about the process from the California Property tax blog at :http://www.californiapropertytax.info/california-offer-in-compromise/

The IRS speaks: bankruptcy, OICs, e-filing highlight Liaison meeting.(Offers-in-Compromise): An article from: California CPA $5.95 This digital document is an article from California CPA, published by Thomson Gale on January 1, 2006. The length of the article is 901 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation DetailsTitle: The IRS speak…

Top 10 News Stories of 2009:Homeless at forefront

1 City agonized over homelessnessCity agonized over homelessness

irs tax help and Offer in compromise

Guilty Plea in Tax Scam

A San Fernando Tax Return Preparer pleaded guilty to charges she filed false federal income tax returns with the Internal Revenue Service and stole more than $20,000 in refund checks payable to her clients.

Tax CPA Houston – How To Choose A Houston CPA Tax Attorney Preparer

There are many different aspects of home loan modification to be aware of when researching your best option for a loan modification company.  One major factor is simply where you live.  While the federal government is responsible for regulating banks and lenders at the national level, it is often state governments, not federal loan modification law, who set the rules for foreclosures and debt collection.  Because of this, the process for protecting you from unfair collection action may be different from state to state.   In Maryland, for example, it now takes lenders a minimum of 135 days to foreclose on a home.  This is as opposed to North Carolina, where it may take as little as 90 days.  Differences like these are important for any loan modification company to take into account when deciding how best to proceed.

Each state in the country has their own regulations regarding licensing for the loan modification process.  Many states have almost no mortgage loan modification restrictions; other states are fraught with oversight, rules and regulations. Additionally, due to the current market situation, most states are in the process of creating, changing, or adding to the requirements, which can make matters even more confusing.   In some states, such as Oregon for example, only mortgage brokers and attorneys may initiate home loan modifications.  This is not terribly restrictive, as the wise homeowner would want a qualified professional handling their case anyway, but some other states allow almost anybody to do loan modification.  If you don’t know the regulations in your state (or even if you do), the best course of action is to get help from a legal professional.  The attorneys at Feldman Law Center are here to lend you the benefit of their expertise.

Principle reduction is a major benefit to a homeowner if a loan modification agreement can be reached successfully, but it is important to stay within your state’s guidelines when negotiating with your lender.  With so many loan modification laws and so many of them changing so rapidly, it is virtually impossible for the layperson to stay abreast of the mortgage loan modification situation.  That is why Feldman Law Center attorneys may be the best option for understanding the laws in your area.  Educated, competent professionals are the most effective and safest decision for loan modification help regardless of the laws in your state.

If you’re a victim of predatory lending or you’ve suffered a financial hardship, loan modification may be the way to go for you.  At Feldman Law Center, we have contacts all over the country keeping up to date with the current legal situation.  We can help you make contact with the expert you need to get your loan modification handled properly and legally no matter where you live.  If you are in danger of not being able to make your home loan payments, but you would like to stay in your home and would be able to with some principle reduction or other home loan modification, contact the Feldman Law Center today.  The sooner a legal professional becomes involved in you case, the more likely the odds of success.

Tax Preparers: Oregon’s Regulatory Regime May Lead to Improved Federal Tax Return Accuracy and Provides a Possible Model for National Regulation.: An … General Accounting Office Reports & Testimony $9.95 This digital document is an article from General Accounting Office Reports & Testimony, published by Stonehenge International on November 1, 2008. The length of the article is 805 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Tax…

Students’ work influences new IRS rules

By Brian Reynolds Staff Writer After nearly three weeks of undercover work last January, students from the University of Alabama hoped their efforts would result in legislation regulating commercial tax preparers in the state.

Obama Declares War in 02/24/09 Real Estate & Mortgage Report