Finally filing your tax return can take a major weight off your shoulders. It can be very stressful to go over your annual income and try to minimize your tax liability. For most people, once they drop the envelope with their return in the mail or hit the e-file...
Working The Puzzle From All The Angles
Month: May 2020
Can an offer in compromise help your tax situation?
On Behalf of Demetrius J. Karos, Ltd. | May 15, 2020 | Tax Controversy
A person who owes considerable money to the Internal Revenue Service knows how stressful the situation can be, especially if you don’t have the means to pay what the agency says you owe. For some people, being able to enter into an offer in compromise can help to take...
Could Innocent Spouse Relief protect you from the IRS?
On Behalf of Demetrius J. Karos, Ltd. | May 14, 2020 | Tax Law
After your wedding, you and your spouse integrate your lives. Your house, your finances and most other aspects of your life will wind up intermingled and shared. Most of the time, this situation benefits both parties. You can rely on your spouse to provide income if...
If you’re accused of tax evasion, you need a strong defense
On Behalf of Demetrius J. Karos, Ltd. | May 5, 2020 | Tax Law
In Illinois, intending to evade taxes is a Class 3 felony if you owe $300 or more. That’s important to know because the last thing you want to face is a felony charge for your taxes. Tax fraud and tax evasion are serious crimes to be accused of. The Internal Revenue...