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

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,…

Shamsey Oloko October 5, 2016 Deductions, Expenses Deductions, Home-Related Deductions, Investment-Related Deductions, Job Search Expenses, Moving Expenses, State & Local Taxes

The Most Overlooked Tax Deductions, Part 8

This is the eighth part of our series of blogs on the most overlooked tax deductions. In this blog, we will attempt to summarize the first half or group of prior articles in the series. For a more a detailed…

Shamsey Oloko July 15, 2016 Civil Liabilities, Collection Activities, Criminal Liabilities, Debt Forgiveness, Delinquent Taxes, Earned Income Tax Credit (EITC), IRA, Representation

Part 1 – What If: Job Related Life Events And Struggling Taxpayers

If you have any type of financial difficulty, keep in mind that there’s a tax impact to events such as job loss or foreclosure. Such consequences may not necessarily be predominantly negative. For example, if your income decreased, you may be…