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Innocent Spouse Relief of Taxes

Spouses who file joint federal tax returns are both generally liable for the tax owed. But filers who qualify may seek “innocent spouse relief” from …

Climbing Federal Deficit

The Congressional Budget Office (CBO) has reported that the estimated federal budget deficit for the first 11 months of fiscal year 2021 was $2.7 trillion. …

Changes to a Key Pension IRS Form

At GLO, we handle a number of pension issues for our clients.  Form 5500 is an important part of this.  The IRS, the U.S. Department …

IRS Uses Private-Collection Agencies

Taxpayers who owe past-due taxes to the IRS may hear from private-collection agencies (PCAs). As of Sept. 23, 2021, three new agencies began assisting the …
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