Category: Uncategorized

Article Highlights: Risky  What is a Day Trade?  Pattern Day Trader  Equity Requirements  Margin Trading  Tax Implications  Day Trading as a Business  Day Trading Business

IRS Installment Agreement – 08-16-2006 Taxpayer Situation: Taxpayer owed the IRS for tax years 1992-2005. The taxpayer was current with the filing of all his tax returns.

Article Highlights: Extensions  Contributions to IRAs  Estimated Tax Payments for the First Two Quarters of 2020  Individual Refund Claims for the 2016 Tax Year  Foreign

Article Highlights: Pending Supreme Court Case  Past ACA Taxes May be Invalidated  Who May be Impacted by the Court Ruling  2016 Tax Statute of Limitations

State Accepts Offer in Compromise in Hobbs, NM   IRS Offer in Compromise – 07-06-2007 Taxpayer Situation: Taxpayers owed the New Mexico Taxation and Revenue Department for

IRS Released Levy in New Prague, NM   Levy Release – 05-19-2009 Taxpayer Situation: Taxpayer owed the IRS for tax years 2003, 2005, and 2006. The taxpayer

IRS Accepts Revised Audit Outcome in Silver City, NM   IRS Revised Audit Outcome – 06-26-2008 Taxpayer Situation: The taxpayer was audited for 2003-2005 and chose

IRS Reverses Full Denial of Refund Claim in Albuquerque, NM   IRS Reverses Full Denial of Refund Claim– 04-09-2008 Taxpayer Situation: The taxpayer filed an amended

IRS Released Levy in Las Cruces, NM   IRS Levy Release – 07-28-2011 Taxpayer Situation: Taxpayers owed the IRS for the tax year 2008. The taxpayers were

IRS Accepts Currently Not Collectible Status in Truth or Consequences, NM   IRS Currently Not Collectible Status – 04-14-2012 Taxpayer Situation: Taxpayers had outstanding tax liabilities