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Do I Have to Close Business to File Offer-in-Compromise, Tax lawyer, Tax Law Offices, (Napierville, IL)

Do I Have to Close My Business to File an Offer-in-Compromise?

Do I Have to Close My Business to File an Offer-in-Compromise?   Business owners thinking about filing an Offer-in-Compromise often want to know if they have to close their business in order to file their offer.   This is our Morning Coffee Series, and we’re going to cover that question today.   Do I have…

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Can I File an IRS Offer-in-Compromise If My Income Changes, Tax Lawyer, Tax Law Offices, (Napierville, IL)

Can I File an IRS Offer-in-Compromise If My Income Changes?

Can I File an IRS Offer-in-Compromise If My Income Changes?   A business’s income changes all the time, and business owners want to know:   Can they file an Offer-In-Compromise when there is a change in income?   This is our Morning Coffee Series, and we’re going to talk about that.   Can a business…

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What is the Minimum Percent My Business Can Offer to Settle with IRS, Tax Lawyer, Tax Law Offices (Napierville, IL)

What is the Minimum Percent My Business Can Offer to Settle with IRS?

 What is the Minimum Percent My Business Can Offer to Settle with IRS?   Business owners considering filing an Offer-in-Compromise ask us all the time:   What’s that “magic percentage” to offer to the IRS?   This is our Morning Coffee Series, and that’s going to be our topic for today.   Is there…

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How Do I Calculate Minimum Offer Amount, Tax Law Offices Tax Lawyer (Napierville IL)

How Do I Calculate the Minimum Offer-in-Compromise Amount to IRS for my Business? 

How do I calculate the minimum Offer-in-Compromise amount to IRS for my business?    We often speak with tax accountants, tax attorneys, and business owners who want to know:   How does a business calculate its minimum offer for an Offer-in-Compromise with IRS?   This is our Morning Coffee Series, and we’re going to go over the high…

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How Gamblers Make an Offer in Compromise, Tax Lawyer, Tax Law Offices (Napierville, IL)

How Gamblers Make an Offer in Compromise for Illinois State Taxes

What happens when frequent gamblers receive huge tax debts from their winnings? Learn more with Business Tax Settlement below. Why Are Gambling Taxes So High? Part of the reason why taxes on gambling is so high is that some states do not allow gambling expenses to be written off as itemized deductions. In that instance,…

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Avoid Tax Penalties - IRS Helps Cannabis Business Owners Tax Law Offices Tax Lawyer (Napierville IL)1

Avoid Tax Penalties – IRS Helps Cannabis Business Owners

Are you involved in the cannabis – marijuana industry? Do you want to know how growers avoid IRS penalties?   The IRS is working to help businesses involved in the growing, distribution, and sales of cannabis – marijuana.   Why Is This Important? Cash-only businesses have unique problems. The IRS understands cannabis – marijuana businesses…

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Morning Coffee Series: Can I File an IRS Offer-in-Compromise for Business Tax?

Can I file an IRS Offer-in-Compromise for Business Tax?   We often get calls from business owners asking:   Can I file an Offer-in-Compromise?   Let’s talk about that.   This is our Morning Coffee Series, and we’ve got a lot of great information for you.   We’re going to talk about that question briefly here….

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Gambling Addiction for Reasonable Cause to Remove IRS Penalties, IRS Tax Lawyer, Tax Law Offices (Napierville, IL)

Gambling Addiction for Reasonable Cause to Remove IRS Penalties

Gambling addicts may have a unique opportunity to remove IRS tax penalties. Income from gambling commonly results in unexpected (and often substantial) tax debt. To make matters worse, compounded penalties can put the payment of the tax debt out of reach for many Taxpayers. But if those penalties were reduced or eliminated, it gives many…

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New Tax Breaks for Charitable Donations Everything You Need To Know

New Tax Breaks for Charitable Donations Everything You Need to Know

If you plan to make charitable donations this year, you can’t afford to miss out on the charity donation tax breaks available to you. Learn more about the new tax incentives you could be eligible for, and contact Tax Law Offices today! Why Should I Care? The IRS confirmed that the government is cracking down…

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IRS Tax Attorney to reduce Installment Payment, Tax Law Offices (Napierville, IL)

How To Change An IRS Installment Agreement

Can You Reduce Your IRS Installment Payment? Are you currently making payments to the IRS through an installment plan? What if your monthly payment to the IRS becomes too expensive? If it does, you may be eligible to make changes to your payment plan. These changes can include changing your payment due date, decreasing your…

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