Why Tax Law Offices is Based in Naperville IL (2024)
Why Tax Law Offices is Based in Naperville IL (2024) Over the last 20 years, our tax defense and resolution services have called several Chicagoland areas home. Some may remember when we started on Dearborn Street in downtown Chicago. Others may have become part of the Tax Law Offices circle during our years in Schaumburg….
How to Avoid the Top 3 Cryptocurrency Tax Traps
How to Avoid the Top 3 Cryptocurrency Tax Traps Lately, a lot of focus is on investment transactions in various cryptocurrencies. So now the IRS is watching – maybe even closer than you think. Let’s talk about how to avoid the top 3 cryptocurrency tax traps. TRAP #1 You have to…
Can I Deduct Business Expenses Paid With a PPP Loan?
Can I Deduct Business Expenses Paid With a PPP Loan? The Paycheck Protection Program (PPP) was introduced in March 2020 as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Under PPP, small businesses were given up to 24 weeks of cash flow assistance through federally guaranteed loans. In December 2020,…
How to Spot IRS Phone Scams
How to Spot IRS Phone Scams If someone calls demanding money for IRS tax, is this a legitimate call? Probably not, because IRS just doesn’t make collection phone calls. One of the more popular scams now is the caller who threatens to arrest you today. Usually a male voice, he will claim to be an…
Due Process to Stop IRS Collections
If IRS files a tax lien against you, you have a right to stop them. One way is by “Due Process of Law”, but without the help of a skilled tax lawyer, you don’t always get the chance to exercise that right. And that’s a problem. This legal term, “Due Process”, basically means fair treatment…