IRS First Time Penalty Abatement – FTA The first-time penalty abatement (FTA) waiver is an administrative waiver that the IRS may grant to relieve taxpayers from failure-to-file, failure-to-pay and failure-to-deposit penalties if certain criteria are met. The policy behind this procedure is to reward taxpayers for having a clean compliance history; everyone is entitled to…
Seat Belt Laws, New York Starting November 1, 2020, New York State now requires all passengers to buckle up regardless of where they sit in the vehicle – including drivers and all passengers. If your passengers do not wear a seat belt, your vehicle can be pulled over and your adult passengers may receive a ticket. If you…
If you filed a chapter 7 bankruptcy, look into filling IRS form 982 When you filed your bankruptcy, debts were written off. Creditors sometimes mail to you a document called a 1099-c. This is sometimes referred to as “forgiveness of debt” In order to eliminate the potential negative income tax consequences to you: When you…
DID SOMEONE FILE FOR UNEMPLOYMENT BENEFITS UNDER YOUR NAME? If you discover that someone has collected unemployment under your name (or someone you know) here are some things you can do to deal with this situation. This is a bigger problem that you might imagine. There are people trying to collect unemployment, in multiple states…
