Monthly Archives: May 2011

MUCH OF LATIN AMERICA MAY YET BE A TAX INFORMATION BLACK HOLE

Posted on May 26, 2011 by taxpenaltylawyer

The U.S. and Panama have concluded a Tax Information Exchange Agreement that is now in effect.  The agreement signed in 2010 requires the delivery of information to the requesting country in all tax matters relevant to applying and collecting taxes and investigating and prosecuting … Continue reading →

Posted in TAX, TAX INFORMATION EXCHANGE AGREEMENTS | Leave a comment

DOCUMENT DEBT DISPUTE TO AVOID TAXABLE DEBT DISCHARGE AND HELP YOUR CREDIT SCORE

Posted on May 16, 2011 by taxpenaltylawyer

We often receive bills which are in error or with which we disagree.  Most common are disputes involving hospital bills, lab bills, cellular phone bills and charges to credit cards.  Left undisputed and unpaid, the creditor may at some point write off the bill and send to … Continue reading →

Posted in CANCELLATION OF DEBT INCOME, TAX | 2 Comments

INNOCENT SPOUSE: ACTUAL KNOWLEDGE UNDER SEC. 6015(c) WILL NOT BE INFERRED

Posted on May 9, 2011 by taxpenaltylawyer

Decisions of the Tax Court in cases filed under the Small Case procedures of Section 7463 are nonappealable and may not be cited as precedent but can be instructive of what the court thinks is non- controversial and settled law and … Continue reading →

Posted in INNOCENT SPOUSE, RETURNS | Leave a comment