Feb 27, 2017
Benjamin Franklin once observed “in this world, nothing can be said to be certain, except death and taxes.” For those who doubt Franklin’s sagacity in that regard, consider the recent case of Marci McNicol. A federal court found her personally liable to the Internal Revenue Services to the tune of $125,000.00 with respect to taxes owed by her late husband. Here’s what happened.
On his death, in addition to their four minor children, McNicol’s husband … Read more
Jan 4, 2016
We all periodically provide federal and state tax authorities with written summaries of our most personal financial information seldom thinking that our data will be used to inflict more pain than the applicable tax laws require. We still generally assume that the employees of federal and state taxing agencies adhere to general standards of integrity. That’s particularly true when the revenue agents handling our information are supposedly responsible for helping us.
The IRS has just … Read more