Tax Litigation Law Office of Scott Kauffman
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August 2015 Archives

Tax considerations during the divorce process

We haven’t discussed the effect of divorce or separation on your taxes since last summer. In our June 1 post last year, we discussed the increase in IRS scrutiny on alimony (also called spousal support) payments. The reported gap between deductions claimed by payers and income reported by recipients had surpassed $2 billion in 2010.

3 options for paying off tax debt

If an employer failed to withhold enough tax from your pay or your estimated tax payments did not account for an increase business, a large tax bill can come as an unpleasant surprise. Even when you cannot pay the balance, filing a return will avoid a late filing penalty. But penalties and interest accrue until you pay the balance.

FBAR filing deadline moves to April 15

In a common sense move, Congress has moved the filing due date for the Report of Foreign Bank and Financial Accounts (FBAR) from June 30 to the better known April 15 U.S. tax filing deadline. The change, tacked onto a bill to extend the Highway Trust Fund, went into effect when President Obama signed the legislation on July 31.