corporate tax lawyer

The Sneaky 20% Accumulated Earnings Tax on Your Profits

By J Anton Collins / November 8, 2023

The Sneaky 20% Accumulated Earnings Tax on Your Profits   If your business is successful, this could cost you another 20% (maybe more) of your profits. This article relates to profitable businesses that have accumulated some savings.   This Accumulated Earnings Tax (“AET”) is usually discovered in IRS tax audits. Be aware that the IRS…

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Am I in Trouble Over These Payroll Taxes?

By J Anton Collins / July 7, 2023

Am I in Trouble Over These Payroll Taxes? When the IRS hired thousands of new agents, officers, and support staff, the government had a specific plan in mind.   What Businesses Are Included?   One type of targeted situation is any business that is habitually late in reporting or paying its payroll taxes. It could be the business owner that…

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Do You Have to Report Gambling Winnings?

By J Anton Collins / May 19, 2023

Do You Have to Report Gambling Winnings?   Today we are going to talk about whether you must report gambling winnings on your taxes. It’s a simple question, but the answer is a little more complicated.   Gambling winnings are reportable on your federal and state income.   1. Can You Deduct Your Losses Against…

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Tax Law Offices Reduces $100,000 IRS Penalty to $1000

By J Anton Collins / March 23, 2023

Tax Law Offices Reduces $100,000 IRS Penalty to $1000   Tax Law Offices recently had a client with a six-figure corporate penalty, and we were able to get a fantastic result for them. Keep reading to hear the whole story.   This case was actually referred to us by a fellow attorney. He knew our…

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Tax Law Offices Receives BBB Complaint Free Award!

By J Anton Collins / February 28, 2023

Tax Law Offices Receives BBB Complaint Free Award!     Tax Law Offices once again reached an annual milestone – the BBB Complaint Free Award for 2022. This honor is awarded to those companies that show the highest level of customer care in avoiding complaints through the Better Business Bureau (BBB).   At Tax Law…

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If You Pay Your Employees Under the Table Here Is What You Need to Know

By J Anton Collins / October 17, 2022

If You Pay Your Employees Under the Table Here Is What You Need to Know   If you are the owner of a business and you are paying your staff cash under the table, what consequences could you face if caught?   First of all, you may think that no one will ever find out.…

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Why You Should Never Keep Secrets from Your Tax Attorney

By J Anton Collins / September 19, 2022

Why You Should Never Keep Secrets from Your Tax Attorney   Let’s say you are being audited by the IRS, or maybe you owe a large amount of back taxes. You have hired a tax attorney to fix the problem. No one enjoys having to expose their private lives and personal finances to a third…

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IRS 2 Traps for Payroll Taxes, Tax Lawyer, Tax Law Offices, (Naperville, IL)

IRS Set 2 Traps for Payroll Taxes – How to Protect Yourself

By J Anton Collins / April 4, 2022

IRS Set 2 Traps for Payroll Taxes – How to Protect Yourself   If your business has problems with IRS payroll taxes, this blog is for you. The IRS set 2 traps for that business owner that’s fallen behind on payroll taxes, and you need to know about them.   The first trap is financial.…

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Cryptocurrency IRS Basics, Tax Law Offices, Tax Lawyer, (Naperville, IL)

Cryptocurrency Savvy – Know What the IRS Knows

By J Anton Collins / March 8, 2022

Cryptocurrency Savvy – Know What the IRS Knows   Have you wondered what the government knows about your crypto transactions? If cryptocurrency investment is supposed to be encrypted and private, what does the IRS get to see?   There are three main sources of information the government gets:   1.) Voluntarily provided data. This is…

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An image of a woman at a desk looking confused.

Tax Debt Lawyer Verbiage and What It Means

By Margaret Sharemet / May 20, 2021

When it comes to tax debt, surrounding either you or your business, it can be extremely overwhelming to know where to begin. From discussing the legalities and hiring a lawyer to implementing and doing your own research, there are many terms that can pop up that you might not know. Today, we’re going to be…

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