Criminal Tax Attorney Naperville

COMPLETE IRS & TAX REPRESENTATION

How to Handle Due Diligence Audits

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…

Read More...

IRS Letter LT38

IRS LETTER LT38   In 2020, due to COVID-19, the IRS began to suspend most of its collection enforcements and bank fund seizures. This courtesy was a form of COVID relief. Also, some automatic penalty relief was granted for 2019 and 2020 tax returns. Thank you, IRS.   But that suspension has ended. Now, the…

Read More...

Find W-2 Forms for Bigger State Refunds

Find W-2 Forms for Bigger State Refunds   Take a look at this IRS form W2.   Most of us know that this form is important when preparing and filing your tax return. Every year the information from this form is included within your tax return. But also, attach this form to your federal and…

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...

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...

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...

Can You Believe This? The Newest on Fake Charities!

Can You Believe This? The Newest on Fake Charities!   This post is to help anyone. I want to especially advise our seniors, and friends who may be challenged with speaking English. These matters. There are charity causes created by disease, weather, disaster, and even war that are actively seeking help from the public. And…

Read More...

Frozen Refund? Options While Awaiting IRS Employee Retention Credit

Frozen Refund? Options While Awaiting IRS Employee Retention Credit   Refund Updates: You may have an IRS Employee Retention Credit (ERC) refund application on file. In September 2023, we were advised by the IRS that the government stopped processing applications during the remainder of 2023. Part of the reason for this moratorium on ERC refund…

Read More...

Can IRS Tax My PPP Loan?

Can IRS Tax My PPP Loan?     Business Owners – Did you know Paycheck Protection Loan forgiveness may not always be tax-free? Here are three things you need to know.   #1   If you had a legitimate business in operation by February 15th, 2020, and took out a PPP Loan, your loan is…

Read More...