Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know
Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know Illinois business owners – If you’ve received a Notice of Proposed Tax Liability, you probably have questions. This article briefly answers the three questions you may have after receiving this notice from the Illinois Department of Revenue – Audit…
Tax Law Offices: What to Expect During COVID-19
Tax Law Offices: What to Expect During COVID-19 A lot has changed over the recent weeks. At Tax Law Offices, we are still here for you, just as before. Here’s the IRS business you should know right now: 1) IRS has not frozen direct debit payments during COVID-19. IRS will continue to debit payments from…
Holiday Travelers – Has IRS Blocked your Passport?
Holiday Travelers – Has IRS Blocked your Passport? If you have unpaid IRS tax debt, your international travel could be in danger. By Department of Treasury procedure, IRS can request to block the issuance or renewal of U.S. Passports for those who owe significant tax debt. If the debt remains without payment arrangement, IRS can…
Tax Law Offices Reduced Clients’ Taxes and Penalties by 99 Percent
Tax Law Offices Reduced Clients’ Taxes and Penalties by 99 Percent Last year we accepted a new client with a serious IRS problem. The government sent a bill for almost $300,000. But we disagreed with that amount. Instead, we believed our client should only pay about 1% of that tax bill. We were right! After several…
Do I Need an IRS Tax Attorney?
Do I Need an IRS Tax Attorney? Yes, maybe. Large, serious tax problems are NOT easy to correct. Even worse, it they aren’t handled correctly, they will cost even more than if you hired a good IRS tax lawyer in the first place. Good tax return preparers and smart business owners know – these problems…
Is My Employer Entitled to Change My Pay-Type from W-2 to 1099?
Because we provide businesses, their owners and employees with IRS representation, we receive questions constantly about how to handle small problems. This one came into our Naperville, IL office. Changed from W-2 to 1099? Question: “As an employee, are there any personal legal implications if my employer is classifying me as W-2 for the majority…
Sell Your Property, Pay Zero Tax
This is a real thing. See, we defend against IRS challenges to all sorts of transactions. Maybe here, by our explaining some of the IRS rules, we might just help someone avoid an IRS audit. This particular article is about tax-free exchanges. Again, this is a real thing outlined in the Tax Code. What is…
IRS Payment Plans for Variable Income
IRS Payment Plans for Variable Income Recently, we posted an article about the professional boxer and irregular-income earner Floyd Mayweather, and his troubles paying his IRS tax debt. But today, we would like to discuss more IRS payment plans for the irregular or seasonal income for regular, everyday people, such as: • Farm workers •…
The IRS May Be Calling You
The IRS May Be Calling You The IRS is making a big change to its collection process. This change, probably wanted by the IRS, is not going to be good news to anyone who may owe taxes. The IRS is now hiring third party debt collectors to call on behalf of the IRS, rather than…
Employee or Independent Contractor Audit Selection
Employee vs Independent Contractor Audits This company represents trucking construction trades, and other small to mid-sized businesses. In IRS examinations, among the top 3 most common areas we see for audit is the legal question of whether workers/drivers are independent contractors, or simply employees. Employees’ wages are reported to the federal and state governments on…