Category: Updates

Does the IRS require a W-9?

Form W-9 (or an acceptable substitute) is used by persons required to file information returns with the IRS to get the payee’s (or other person’s) correct...

Does IRS look at assets?

The IRS may levy (seize) assets such as wages, bank accounts, social security benefits, and retirement income. The IRS also may seize your property (inclu...

Do federal statutes expire?

The federal courts have long held that a statute of limitations may be enlarged retroactively as long as the previously applicable period of limitation ha...

What securities are exempt?

Exempt securities Securities issued by the U.S. government or federal agencies. Municipal bonds (local government bonds) Securities issued by banks, savin...