I have had a few individuals ask me to run them through a hypothetical case to see how the different items I have discussed apply in real life.  So, with that request let’s talk about Joe and Mary. The names used and the dollar amounts have been changed.

  • Joe and Mary owe $187,000 in Back Taxes from 2014 – 2018
  • Joe and Mary owe Utah $28,000
  • Joe is 45, Mary is 43
  • Joe was a contractor and was self-employed but is now a W-2 employee
  • Joe earns $90,000 a year, Mary earns $48,000 a year
  • Joe and Mary live in Salt Lake County
  • They have two children, ages 17 and 14
  • The family CPA filed tax returns for 6 years – 2014 – 2019 – more on this later
  • They have set up a payment plan with Utah for $500 a month

In my next post I will discuss their assets.  If you or someone you know has tax problems, feel free to reach out and contact us. (801) 532-7080 – ask for Kent.  https://strongandhanni.com/attorneys/attorney-kent-brown/