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Redd Foxx, the legendary comedian and actor, faced significant tax problems in the 1980s due to unpaid income taxes. He owed the IRS over $3 million, which led to the seizure of his assets, including his home and personal belongings. His financial troubles were exacerbated by a series of poor business decisions and mismanagement of his earnings. Despite these challenges, Foxx continued to perform and work in entertainment until his passing in 1991.
What else can I help you with?
Where can a person go for advice on dealing with the IRS and tax problems?
One can go to a tax adviser when it comes to dealing with tax problems with the IRS, usually if one has a personal tax adviser, the adviser will deal with the problems for you.
Why do people have problems with paying taxes?
People often have problems with paying taxes due to a variety of factors, including financial constraints, lack of understanding of tax laws, and feelings of inequity in the tax system. Some may find the tax code complex and overwhelming, leading to confusion about their obligations. Additionally, resentment may arise from perceptions that tax dollars are not being used effectively or fairly. Economic hardships and job instability can further exacerbate the difficulty in meeting tax obligations.
What is deferred tax?
Deffered Tax is the amount the payment of which you delayed to pay in future. There are many reasons for deffered taxation. There are so many expanses and incomes which are not allowed by taxation department of Government but we enter as income and expenses in our financial statements because in accounting they are allowed as income or expense and that's why in the end the net income calculated by company and tax department is rearely reconsile due to problems mentioned above and due to that tax calculated by company is different the tax calculated by tax departments that's why deffered taxation is use to adjust tax between entity and tax department.
What is average time to receive Missouri state tax refund?
once the return is keyed and if there are no problems with the return, the refund is usually issued in 3 days.
Who can benefit from Original Issue Discount?
OID securities are great for non-taxable entities. They have none of the tax problems taxable entities have with imputed interest etc.
Can you provide assistance with tax problems?
Yes, I can help with tax problems.
Where can a person go for advice on dealing with the IRS and tax problems?
One can go to a tax adviser when it comes to dealing with tax problems with the IRS, usually if one has a personal tax adviser, the adviser will deal with the problems for you.
Is an attorney the best option for solving tax problems?
An attorney is the second best option for solving tax problems. The best option for solving tax problems is honesty. Be honest all the time, and one will never have a tax problem.
What are community problems?
tax
Do you need help with tax problems?
Do you require assistance with tax issues?
How can a CPA assist with resolving tax problems?
A CPA can assist with resolving tax problems by providing expert advice on tax laws, preparing accurate tax returns, representing clients in dealings with tax authorities, and helping to develop strategies to minimize tax liabilities.
What are some community problems?
tax
What organizations offer consumers help with tax problems?
There are several organizations that offer consumers help with tax problem. One good example would be Tax Resolution that have been helping people with tax problems since 1998.
What has the author Thomas Parvin Glassmoyer written?
Thomas Parvin Glassmoyer has written: 'Legal problems in tax returns (January 1952)' 'Legal problems in tax returns' -- subject(s): Income tax
What are the most common tax problems faced by individuals and businesses?
The most common tax problems faced by individuals and businesses include failure to file tax returns, underreporting income, claiming improper deductions, late payment of taxes, and tax audits.
What were the international problems of the articles of confederation?
no tax policy
Who can help me with IRS problems?
You can seek help with IRS problems from tax professionals such as enrolled agents, certified public accountants (CPAs), and tax attorneys. These professionals have the expertise to assist you with tax issues and represent you before the IRS.
