1. How Do Regular Gamblers Handle IRS?

    How Do Regular Gamblers Handle IRS? Regular gamblers, gamers, off-track betters and wagers all take losses. No matter whether they file a tax return, get audited, have a tax lien, or try setting up an installment agreement, they usually get a raw deal from IRS about their gambling losses. All gambling losses should be deducted to reduce tax! Let’s start there. Here is the general rule: Gambling …Read More

  2. 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 require the right help. I’m Smart – Can I Just Figure This Out Myself? These IRS problems a…Read More

  3. I Don’t Have My W-2 Form

    Most every worker in the United States knows to expect his/her Form W-2 no later than January 31st. Even though many tax preparers will process your return by using your final pay statement for the previous year, you are still entitled to receive this form. There are steps you can take. Read on to learn more. Why Didn’t I Receive My W-2? As a tax defense attorney, I have seen dozens of reasons w…Read More

  4. IRS Innocent Spouse Relief

    https://www.youtube.com/watch?v=NBJ4mALwPOw&feature=youtu.be We all know that our tax system allows couples to file their taxes together, but what can a spouse do when they find out their significant other has been filing taxes improperly, or worse, not at all? Is there a way to protect their assets? As it turns out, yes! This program is called innocent spouse relief, and you can file for it i…Read More

  5. Tax Help Due to Hurricane Irma

    Tax Help Due to Hurricane Irma Extensions and Removal of Penalties - Help for Hurricane Victims This article is a little different than those we usually publish. But millions throughout the country were affected by this year’s Hurricanes Harvey and Irma. This time, the Internal Revenue Service took notice. The IRS announced that it would provide an extension to victims of Hurricanes Irma and Har…Read More

  6. What are the Simplified Rules for a Tax-Free, Like-Kind Exchange?

    If you could sell your property for a gain, the Internal Revenue Code Section 1031 allows you to postpone paying tax on that gain. The requirement: you have to be willing to reinvest the proceeds into a similar property. If you meet all the rules under §1031, this transaction would qualify as a like-kind exchange. Even though the requirements under IRC §1031 (actually, 26 United States Code §10…Read More

  7. 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 Meaning of “Tax-Free Exchange” of Property? The easiest way to explain is by a real example…Read More