taxes

A taxpayer’s problems with the Internal Revenue Service start in any number of ways, but it is seldom that a tax problem arises from a taxpayer setting out with the intention of defrauding the IRS.

Most tax problem cases begin as the side effect of some serious life event. Some of the events that lead to tax problems are:

Divorce

Divorce can result in unexpected tax liabilities. A spouse may start to receive alimony payments without being aware of the fact that this new form of income is taxable.

A divorce settlement may involve the liquidation of some material assets that result in taxable gains. A division of property is often facilitated by converting assets to cash, like an insurance policy, with the unexpected aspect of a tax liability.

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