1. What Classifies as Tax Fraud over Negligence?

    Believe it or not, the IRS estimates that only about .0022 percent of taxpayers are convicted of tax crime each year. However, they also claim that around 17 percent of all taxpayers make serious mistakes and do not comply with the tax code. On top that, individual taxpayers are the ones who commit 75 percent of all tax fraud—not corporations. So which violations are people making, and why isn…Read More

  2. Should I Hire a Tax Attorney, CPA, or Someone Else?

    You might be well aware of the fact that you require the assistance of a tax professional, but where exactly should you turn? Could an accountant help you better, or are you in need of an IRS tax attorney to help you recover from an audit? Today, we would like to talk to you about the different types of tax professionals available to help you so that you may be better equipped to choose one who ca…Read More

  3. Taxes on Prize Money

    It feels pretty good to win money, doesn’t it? Whether you hit it big at a casino, called into the radio at just the right time, or won a sweepstake, you earned a prize you didn’t have before. While winning these things might feel good - or incredible! - keep in mind that these prizes are taxable. If you are wondering how these prizes are taxed, read on to learn more. We at Tax Law Offices som…Read More

  4. Top Business Tax Audit Triggers

    You can ask any small business owner what they would like to avoid most when it comes to their company, and we are sure most of them would respond with “a tax audit from the IRS.” It’s no wonder why - these audits can lead to disaster and financial ruin if things are handled incorrectly. That’s why it’s important to contact an IRS tax lawyer the moment you know your business is being aud…Read More

  5. When and Why You May Need an IRS Tax Attorney

    What can you expect when you have IRS tax issues? Can you handle them on your own, or is it best to hire an attorney to represent you? The IRS is not an agency you want to cross, and unfortunately, everything they deal with is very sensitive when it comes to the consequences. Even the smallest mistake could cost you time and money, and it may very well land you in jail. So, if you are facing an au…Read More

  6. Top Tax Mistakes That Could Get You Into Trouble

    Tax season has officially ended, so you’ve surely gotten everything turned in to be processed! Did you do your taxes correctly? Little mistakes happen all the time, so that does not necessarily mean that the IRS is going to be sending you threatening letters or showing up at your door anytime soon. However, it is much wiser to be safe than sorry. Unless you are well-accustomed to doing your taxe…Read More

  7. Does Trump Pay Taxes

    What About Trump’s 2005 Tax Return? In these last few days, someone leaked copies of Donald Trump’s 2005 Federal Income Tax Return. It definitely shows that he made money that year. But you may be surprised at what else we learned: Wages: During that year, he and his spouse were paid combined salaries of slightly under $1M. The reported income was just $1401 short of 7-figures from regular pay…Read More

  8. What About Trump’s 2005 Tax Return?

    What About Trump’s 2005 Tax Return? In these last few days, someone leaked copies of Donald Trump’s 2005 Federal Income Tax Return. It definitely shows that he made money that year. But you may be surprised at what else we learned: Wages: During that year, he and his spouse were paid combined salaries of slightly under $1M. The reported income was just $1401 short of 7-figures from regular pay…Read More

  9. Big Mistake in Handling IRS Audits!

    IRS examinations are intimidating. Mistakes are made. That's why it's important to have the knowledge of an experienced IRS tax attorney at your disposal. Typically, during an IRS examination, the auditor wants to do a full review of items on (and off) your client’s tax return. Then, when the exam is nearly complete, the IRS agent wants you to sign an agreement for an increase in tax. Or maybe …Read More