THORGOOD Law Firm Archives - Page 4 of 5 - FREE Yourself from IRS Problems

Shamsey Oloko March 29, 2017 Identity Theft, Internal Revenue Service, THORGOOD Law Firm 0

Public Awareness: “Taxes. Security. Together” Campaign

The Internal Revenue Service, the states, and the tax industry are working together in an unprecedented partnership to protect taxpayers’ federal and state tax accounts from identity thieves. The “Taxes. Security. Together” awareness campaign is an effort to better inform…

Shamsey Oloko January 17, 2017 Deductions, Income, Income Exclusions, Income Tax, Profits & Losses, Taxable Gain, Taxable Income, THORGOOD Law Firm 0

The (Trump’s) Net Operating Loss (NOL), Explained

At the beginning of October, the New York Times released pages from Donald Trump’s Connecticut, New Jersey and New York 1995 tax returns, apparently reflecting that the Donald declared “other income” of negative $916 million and was prepared to forego…

Shamsey Oloko October 18, 2016 Civil Liabilities, Civil Penalties, Delinquent Taxes, Installment Agreement, Tax Attorneys, THORGOOD Law Firm 0

The “What Ifs” for Struggling Taxpayers

Many of life’s events such as losing a job, foreclosure of a home or even forgiveness of a debt impact the payment of taxes. The tax law offers hope in these situations. As an example, if a taxpayer’s income decreases,…