-
Scammed in a “Pig Butchering” Investment Fraud? The Tax Code May Give New Mexico Victims Back a Piece
Investment scam victims may deduct losses under IRC 165(c)(2) even after the TCJA. How New Mexico victims document, time, and claim a theft loss deduction.
-
Haven’t Filed Tax Returns in Years? The Six-Year Path Back Without Blowing Up Your Life
The IRS generally wants six years of returns, not twenty. How non-filers in New Mexico come back into compliance, undo inflated IRS substitute returns, and save…
-
The Real Math Behind an IRS Offer in Compromise: A Worked New Mexico Example
Pennies on the dollar is a formula, not a slogan. The reasonable collection potential math, worked through for a New Mexico taxpayer with an $85,000 IRS…
-
New Mexico Gross Receipts Tax Audits: A Field Guide for Business Owners Who Just Got the Letter
New Mexico’s gross receipts tax reaches services most states never tax. How TRD audits work, the 60-day NTTC rule, the 90-day protest deadline, and managed audits.
-
How to Stop an IRS Wage Garnishment in New Mexico: What the IRS Can Take, and the Five Ways Out
An IRS wage levy takes most of your paycheck, not a percentage. How New Mexico workers can get a garnishment released fast: CDP rights, hardship, and…
-
A $1 Billion Wind Farm Fight Just Ended After 13 Years, and Every New Mexico Renewable Project Should Read the Autopsy
The Court of Federal Claims rejected a DCF valuation in the $1B Alta Wind Section 1603 dispute. What the ruling means for New Mexico wind and…
-
The IRS Is Quietly Rewriting Its FBAR Forgiveness Rules. Here’s What New Mexico Account Holders Should Do Before the Door Closes
The IRS pulled its Delinquent FBAR Submission Procedure and is replacing First Time Abatement with automatic relief. What New Mexico foreign account holders should do now.
North Star Law Firm
☰
HomeTax DefenseIRS Audit DefenseAppeals & CDP HearingsLevy & Garnishment ReleaseFederal Tax LiensOffer in CompromiseInstallment Agreements & CNCPenalty AbatementInnocent Spouse ReliefUnfiled ReturnsTax Court LitigationTax LawEntity Selection & StructuringGross Receipts TaxTrust & Estate Tax PlanningBusiness Sale & M&AReal Estate Tax StrategyRetirement & Self-Directed IRAsExit Tax & InternationalBankruptcyChapter 7 BankruptcyChapter 13 BankruptcyChapter 11 ReorganizationSubchapter V Small BusinessPreference Clawback DefenseAboutPhillip Zagotti, Attorney-CPAAshley Burdette, CPABlogContactClient Portal(505) 309-0693
Insights ✶ New Mexico
Tax & Bankruptcy Insights
Plain-English analysis of federal tax defense, tax planning, and bankruptcy developments that matter to New Mexico individuals and business owners. New posts every week from attorney-CPA Phillip Zagotti.