05 Jan
Posted by Mike Habib, EA as Back Taxes, Bank Levy, IRS Audit Reconsideration, IRS Problem, IRS Tax Penalties, Offer In Compromise, Offer In Compromise - OIC, Past Due Tax Returns, Payroll Tax Audit, Payroll Tax Problems, Penalty Abatement, Sales Tax Problem, State Tax Audit, Tax Controversy, Tax Relief, Unfiled Tax Returns, Wage Garnishment, Wage Levy
No More Tax Problems in 2009
Mike Habib, EA
Here is a New Year resolution you can’t afford to ignore… No more tax problems!! Yes, you can get rid of your tax problems in 2009.
You can solve your tax problems and get tax relief through our tax resolution services. You can finally get a [...]
30 Dec
Posted by Mike Habib, EA as Back Taxes, IRS Audit Reconsideration, IRS Audits, IRS Problem, IRS Tax Penalties, Offer In Compromise, Offer In Compromise - OIC, Payroll Tax Audit, Tax Relief, US Taxes
Capital contributions did not restore or increase shareholders’ tax bases in loans to S corporations Nathel, (2008) 131 TC No. 17
Mike Habib, EA
The Tax Court has held that taxpayers’ capital contributions to S corporations did not constitute income to the S corporations and that the contributions did not restore or increase their tax [...]
18 Sep
Posted by Mike Habib, EA as IRS Audit Reconsideration, IRS Audits, IRS Problem, Tax Controversy, Tax Relief
Like many of us, you’ve probably dreamed of turning a hobby or avocation into a regular business. You won’t have any unusual tax headaches if your new business is profitable. However, if the new enterprise consistently generates losses (deductions exceed income), IRS may step in and say it’s a hobby—an activity not engaged in [...]