1. Keep All Tax Return Copies

    Mistakes Do Happen (So CYA) It is a good idea to keep everything you or your tax preparer file with the IRS. (Duh.) One of our recent cases gives an example of an IRS problem caused by failing to keep complete and accurate records. This case is being handled out of the Matteson IL office. This IRS location handles most collection cases from cities like Matteson, Frankfort, Mokena, Orland Hills, an…Read More

  2. Closing a Business with Tax Liability

    Closing a Business with Tax Liability If your business has tax problems, can you simply close the company? Yes, of course you can shut down the business. However, the tax problems do not necessarily end with the closing. Here is one item that you and your IRS tax attorney should discuss when considering terminating a business with tax debt. Can I Just Start Fresh with a New Company? This is an exa…Read More

  3. Is Chicago the Home of Health Care Fraud?

    Is Chicago the Home of Health Care Fraud? Chicago is the home of many things: deep dish pizza, hot dogs, great sports, greater people. And it's nicknamed the “windy city!” But more recently, Chicago is becoming the new home of health care fraud. Home health care is a massively growing industry in the U.S. as a direct result of our aging population and lack of health care providers. Mistakes ca…Read More

  4. IRS-Audit-Passive-Loss-Active-Participation

    Routine IRS Audits Can Become Complex Situations Imagine that the IRS office in Matteson, IL sent a Notice of Tax Examination to a small, Joliet-area business. For the year under exam (or “audit”), the business reported an operating loss. The IRS tax audit was completed, and from there, all income and expenditures were properly reported on the business’s tax return. This business is owned by…Read More

  5. False Identity and Refund Check Cashing

    We handled similar cases in San Juan, Puerto Rico and Joliet, IL. This is an example of a case of tax fraud, as well as criminal conspiracy under Title 26 and 18 of the United States Code. A resident woman of Columbus, Georgia, was sentenced to 37 months in prison for her role in a stolen identity refund fraud plot. Between June of 2012 and December of 2013, Tonya Alexander worked at SunTrust Ban…Read More

  6. Tax Evasion – Advising Tax Clients

    Business tax clients often have secrets. When they become afraid, those same clients will share their secrets. Most serious tax preparers at some point receive a client’s questions about tax evasion. Tax return preparers are rarely charged with this crime related to their clients. However, tax professionals have a unique ability to advise their clients’ next steps. The federal crime of tax eva…Read More