What is an offer in compromise?

Categories: Tax Law

Arizona Tax Lawyer - Kaczmarek & Jojola

a.k.a. How can I settle with the IRS for “pennies on the dollar”? The IRS can be a fearsome creditor, levying bank accounts and other assets or filing liens to notify the public of your debt to the IRS.  On rare occasions, the IRS may seize your home or criminally prosecute you for willful failure…

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Are You Properly Deducting Your Expenses, Your Honor?

Categories: Tax Law

tax deductions

Are You Properly Deducting Your Expenses, Your Honor?   By Kaczmarek & Jojola   As a general principle, employees may only deduct expenses as itemized deductions on Schedule A (“unreimbursed employee expenses”). This treatment causes several disadvantages. A more advantageous deduction occurs “above-the-line” which is not generally available to employees. Above-the-line deductions reduce a taxpayer’s…

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Going, Going, Guam!

Categories: Tax Law

Arizona Tax Lawyer - Kaczmarek & Jojola

by: Kaczmarek & Jojola For nearly two decades taxpayers owed a tax refund from the government of Guam faced uncertainty as to the timing of their refund. While some taxpayers received an effortless prompt refund, other taxpayers faced years-long periods of waiting and pleading before receiving their refunds. In April 2011, frustrated taxpayers filed a…

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New Law Allows I.R.S. To Suspend U.S. Citizens’ Passports

Categories: Tax Law

Arizona Tax Law Attorney - Kaczmarek & Jojola

by: Kaczmarek & Jojola As part of last December’s transportation bill, Congress passed a new weapon in the I.R.S.’s collection arsenal – the authority to revoke or deny passports “in case of certain tax delinquencies”. Taxpayers with upcoming international trips should ensure federal income taxes have been paid or that adequate steps have been taken…

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