Most people I talk to about their IRS problem have already built the worst-case scenario in their head. The reality is usually much more manageable. I'm Darrin Mish, and I've been representing taxpayers before the IRS for 32 years. Here's what actually tends to happen.
IRS seeks $360,000 from Faith Evans
After a 5 year lapse, singer Faith Evans is on the comeback trail. The singer’s publicist has recently announced the upcoming release of her new studio album and even a reality TV series. But the IRS is not interested in her music as much as it is in her money. Money that the agency says she owes them, that is. The Notorious B.I.G.’s widow is alleged to be behind in her state and federal taxes by more than $360,000.
According to the Detroit News, the 36 year old singer has been slapped more than one lien by various parties. Among the liens are an IRS lien for $119,821 filed February 16 with the Los Angeles County Recorder of Deeds and another lien for $36,360 on March 4 filed at the New York City Register’s office. In addition, the State of New Jersey filed its own lien amounting to $204,000 against Evans on October 30, 2008 at the New Jersey State Superior Court.
Her tax issues notwithstanding, Evan’s comeback is firmly on track with her reality TV series entitled, ‘It’s All About Faith’ that traces her return to the music stage after an absence of 5 years. The series is produced by E1 Music/TV, formerly Koch Records.
IRS Extends Deadline for Flood Victims
Residents in severely flooded areas of Massachusetts have been given a reprieve in filing their taxes. Several deadlines including the April 15 deadline for filing personal income taxes will be postponed to a later date. The new deadline is May 11.
The President has declared the following Massachusetts counties as federal disaster areas and therefore deserving of individual assistance: Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk and Worcester. In most cases, residents in these areas and those who have businesses here qualify for the May 11 deadline. The IRS computer systems are able to automatically identify taxpayers from the affected areas and apply the payment deadline accordingly.
Likewise, the Massachusetts Department of Revenue will also follow suit and extend the April 15 deadline to May 11 to file state taxes for residents and businesses in the affected areas. The department reiterated that this later deadline does not apply to residents or businesses in other parts of the state.
However, individual taxpayers and businesses in the severely flooded counties that have not been badly affected are encouraged to file their taxes following the original deadline.
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