Looking back at the horrific events of that fateful Thursday morning February 18, Americans are divided over what to think of Joseph Stack, the angry man who flew his single engine Piper Cherokee airplane into the side of the 7 storey IRS building in Austin, Texas killing one man other than himself and injuring scores of others. Some see him as a hero, others as a washed up coward and anything in between.
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Hotel Sues Bogus IRS Officer
The Ignatio hotel in Novato has filed a breach of contract lawsuit against Sherry Lynn Vertoch, 64, for failing to pay $55,175.25 in various hotel charges comprising of room fees, pet charges and miscellaneous expenses over a two year stay. The lawsuit was filed at the Marin Superior Court last Friday. Vertoch faces a jail term of up to 3 years when sentencing is carried out April 20. She pleaded guilty to the charge.
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Guess who thinks the tax code is complex and does not prepare his own tax returns? Doug Shulman, the IRS Commissioner! In a recent interview, Shulman confessed that he engages a professional tax preparer to fill out his tax forms, adding that he has been using one for 10 years.
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Americans in the state of Georgia can expect delays in receiving their tax refunds, especially for those who filed their tax returns via paper filings. Those who filed their returns electronically, however, are unlikely to be affected. Why the discrepancy?
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Do you know what CSED stands for? Collection Statute Expiration Date. And CSED means the time period by which the IRS must collect the taxes you owe. Beyond this time limit, your tax debt is cancelled. But before you jump for joy, you need to know that the CSED time limit is 10 years. And furthermore, it can be extended. Your CSED period can be extended due to several factors listed below. If you are not sure if your CSED expired, you should consult a tax attorney who can help you sieve through your personal records of tax payments and other tax related matters. Here are several situations where your CSED may be extended.
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