IRS Audit Help

How to Handle Due Diligence Audits

By J Anton Collins / March 8, 2024

How to Handle Due Diligence Audits Tax return preparers, if you are facing an IRS due diligence audit, let me give you some guidance. You may have even heard stories, advice, or other information from YouTube, from other tax return preparers, or even tax resolution professionals.   A lot of this information won’t help you…

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How to Help Your Boss(3 Ways to be the MVP)

By J Anton Collins / January 24, 2024

How to Help Your Boss with Tax Issues (3 Ways) This article is to help employees of companies with owners who are overwhelmed. This especially applies if you work for a struggling business that is having trouble keeping enough cash flow. Some of the signs of a struggling company may be: Payroll is often slow,…

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2024-01-19 Tax Lawyer for IRS Payroll Tax Problems, IRS Tax Attorney (Naperville IL)

January 31 Form W-2 and Form 1099 Filing Deadline – Now What?

By J Anton Collins / January 19, 2024

Let Us Fix Your IRS Payroll Tax Problems   Every year, employers have until Jan. 31 to submit the Form W-2 Wage Statements and Form 1099 for Independent Contractors with the government. Use the instructions for Form W-2 to guide you through the filing process.     Tax Law Offices specialized in resolving IRS Payroll…

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Top 3 Problems of Business Owners (and How to Cure Them)

By J Anton Collins / January 10, 2024

How to Cure the Top 3 Problems of Business Owners The 3 most common concerns that I hear from business owners are not what you might expect. Self-employed people want to “get their finances in order”. And that can mean a few different things. This could mean more savings, better cash flow, or improving their…

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Tax Law Offices is Ready for New Year‘s Changes at IRS (2024)

By J Anton Collins / December 29, 2023

Tax Law Offices is Ready for New Year‘s Changes at IRS (2024)   Orlando: We constantly improve our tax lawyers and technical support staff. This time the training conference was in Orlando FL, which is one of the most fun places in this country! Lots to do, lots to see. And there was a lot…

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Why Tax Law Offices is Based in Naperville IL (2024)

By J Anton Collins / December 20, 2023

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.…

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IRS’s Top 3 Targets for Small Biz Owners (2024)

By J Anton Collins / December 11, 2023

IRS’s Top 3 Targets for Small Biz Owners (2024)   Let’s talk about the Top 3 Targets the IRS is very concerned about coming into next year. Spoiler alert: each is related to payroll.   #1 – Worker Classification (Form 1099 or W-2)   You may have workers for whom you report earnings on Form…

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Do I Need a Lawyer for the IRS CP2000 Audit?

By J Anton Collins / November 27, 2023

Do I Need a Lawyer for the IRS CP2000 Audit?   Everybody has to watch their expenses. Always consider the best (and worst) options. The “proposed” tax appearing on the CP2000 notice is not permanent. It can be contested. Usually, you only have one opportunity to respond to this CP2000 “proposed tax due” letter. Unfortunately,…

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How to Answer the IRS Letter CP2000

By J Anton Collins / November 15, 2023

How to Answer the IRS Letter CP2000   With the Letter CP2000, the IRS wants to audit 100% of people who have not reported all income. Using its new tech tools, the government can now choose many more people to be audited. The CP2000 letter is the IRS’s official notice that you are under audit…

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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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