by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
Yes! A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside. A federal tax lien can also negatively impact your credit report scores. It is notice to all your other creditors that the IRS has a secured...
by TaxResolution360 | Jun 26, 2024 | Your IRS Questions
When a legally required income tax return isn’t filed on time, the IRS can and will file an income tax return on your behalf. It’s called a “substitute for return” or “SFR”. Most of the time the ensuing tax liability is much greater than if you filed your own...
by TaxResolution360 | Jun 26, 2024 | Consequences
A tax preparer from New Jersey, was arrested for filing 1,387 tax returns falsely, and claiming more than 124 million dollars in COVID-19 employment tax credits. The tax returns this tax preparer filed claimed false credits on behalf of his clients. He told his...
by TaxResolution360 | Jun 26, 2024 | Consequences
The sales manager of a Los Angeles based wholesaler and retailer of recreational vehicles and motorsports accessories, was sentenced to 18 months in prison for embezzling $478,434 and failing to report any of the money on his tax returns. He was in charge of...
by TaxResolution360 | Jun 26, 2024 | Consequences
The owner of an oil and gas leasing business in Mississippi, was sentenced to 30 months in prison for filing false corporate tax returns. The business owner refused to pay taxes on three million dollars earned through the business in 2008, so he and his tax preparer...
