Naperville Illinois IRS Tax Lawyer

COMPLETE IRS & TAX REPRESENTATION

Free IRS Help Now – Form 911

Free Help for Tax Problems – Form 911   This is an IRS Form 911. It is used to contact the IRS Taxpayer Advocate’s Office. To use the Taxpayer Advocate service, just complete Form 911 and submit.   Let me tell you a few things about that service, and how it is commonly used. Watch…

Read More...

Deduct Gambling Losses on Your State Taxes

Deduct Gambling Losses on Your State Taxes This Article is for Gamblers   Gamblers, whether professional, habitual, or just casual players, have a few things in common. First, they occasionally win. But also, they occasionally finish the year with a net loss from wagers. Still, they all must prepare federal and state tax returns showing…

Read More...

How to Choose Tax Professionals (Not Doughnuts)

How to Choose Tax Professionals (Not Doughnuts)   Because it’s the beginning of the year, I want to discuss how to choose the right tax professionals to help you. We see advertisements constantly with companies that promise to get you the largest refund possible. Well, please be careful about that. This is why for the…

Read More...

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

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,…

Read More...

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

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…

Read More...

How Do Tax Liens Affect Your Credit Rating?

 Do Tax Liens Affect Your Credit Rating? This is a trick question. The Positives:   Tax liens currently do not affect your credit score. Because of the Equifax case back in 2018, the credit bureaus stopped including tax liens on credit reports as derogatory history.   Note: Before 2018, yes, tax liens definitely were…

Read More...

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

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…

Read More...

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….

Read More...

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

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…

Read More...

The Sneaky 20% Accumulated Earnings Tax on Your Profits

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…

Read More...