1. Handling IRS Audits – Mistakes On Return By Your CPA

    It’s common to assume that when you hire a Certified Public Accountant (CPA) that your taxes are going to be error free. In a large majority of cases, your taxes will be safe in the hands of a CPA. But what happens when you are notified of an error or you discover an error that costs you hundreds or thousands? In this article, Jeffrey Anton Collins, a tax consultant, will be sharing how to handl…Read More

  2. Handling IRS Audits – Employee vs Contractor Issues

    It is your responsibility as an employer to classify your workers, whether they’re an employee or independent contractor. These classifications determine how much you need to withhold as an employer. If you classify an individual as an employee, but you do not withhold and pay your proper employee taxes, the IRS will keep you on the hook for unpaid taxes. Did you know that the IRS assessed 5.9 m…Read More

  3. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    IRS Uses Private Debt Collection Agencies – Are My Clients Affected? Beginning in 2016, IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the “Fixing America’s Surface Transportation Act” (or “FAST”). The idea was to facilitate an expedited collection of tax, to e…Read More

  4. IRS Uses Private Debt Collection Agencies – Are My Clients Affected?

    IRS Uses Private Debt Collection Agencies – Are My Clients Affected? Beginning in 2016, IRS is allowed to assign a person’s tax debt to a private company for collection. Oddly enough, this fairly new law is both tax law and transportation legislation, namely, the “Fixing America’s Surface Transportation Act” (or FAST). The idea was to facilitate an expedited collection of tax, to expedit…Read More

  5. IRS Secrets About Criminal Tax Investigations

    How the IRS treats criminal tax investigations may seem like a secret. In fact, how they go about their process is public knowledge, which you can find on their website under How Criminal Investigations Are Initiated. For your benefit, we wanted to go through the IRS information and give you some insight on how it works, revealing the “secret” that is the IRS. In this post, we’ll cover crimi…Read More

  6. IRS Audits for Cash Intensive Businesses: Part 1 – Minimum Income Probes

    What does an IRS Revenue Agent look for when auditing a cash-intensive business? The short answer is this: correct gross receipts and reasonable accuracy of deducted expenses. But this article focuses more specifically on how IRS examines for unreported cash. You will want to understand that the IRS tax audit process is not set in stone, even though it follows a general path each time. A number of…Read More

  7. Don’t Fight The IRS Alone

    You’ve received a letter in the mail, and it’s got your name on it — along with some specific claims about tax liabilities. What do you do? Some people fold up the letter, tear it in half, and throw it in the trash. Others check to see who it’s from, discovering that the Internal Revenue Service sent the note. A majority of people simply panic. And rightfully so. When the IRS says you owe …Read More

  8. 3 Ways The IRS Can Disrupt Your Life

    You’re already struggling through life. The last thing you need is the IRS on your back about back taxes. It’s uncomfortable getting a letter in the mail from a faceless entity telling you that they will collect on the money you owe if you don’t pay them. It seems too awful to be true. At Tax Law Offices in Naperville, we understand your frustration. The IRS can be overwhelming. Nonetheless,…Read More

  9. 6 IRS Tax Lawyer FAQs Answered

    When dealing with the IRS, it can be overwhelming. You don’t want to handle them alone. The complicated tax law combined with your elevated emotions around how much you owe and potential criminal charges can make the situation unbearable. These two reasons alone make it obvious that you need an experienced IRS tax lawyer you can trust to stand in your corner with you to reduce tax obligation and…Read More

  10. 2 Ludicrous Tax Attorney Scams To Avoid

    You’re getting letters in the mail. The IRS won’t leave you alone. You discover you owe more taxes than you expected. Now you’re on the hook for hundreds, thousands, and, in some cases, hundreds-of-thousands of dollars. What can you do? You can continue to attempt to avoid the IRS, but that won’t work. We’ve seen plenty make this attempt, but the IRS always gets their dues. The second op…Read More