1. Floyd Mayweather, Another Celebrity With Tax Issues. Here is what you should know…

    Floyd Mayweather, Another Celebrity With Tax Issues…Here is what you should know… Recently, the news broke that Floyd Mayweather may be in some tax trouble. According to reports, he owes millions in back taxes totaling $22 million. This is a lot of money but should be easily handled by someone with his means, right? Floyd Mayweather has earned hundreds of millions of dollars throughout his car…Read More

  2. Closing A Business with Payroll Tax Debt (Can You Really Do That?)

    Closing A Business with Payroll Tax Debt (Can We Really Do That?)  Clients regularly seek my advice closing their companies when faced with back taxes and interest. In many cases, they want to walk away from the failing business and the unmanageable text debt. One of the most common problems that these companies face is wrestling with payroll taxes. Payroll tax complicates business closures. We'v…Read More

  3. Our Government Has Repealed Obamacare – How Does This Immediately Affect You?

    Our Government Has Repealed Obamacare – How Does This Immediately Affect You? The biggest change to our current health-care system, which will affect the majority of Americans, is the repeal of the IRS tax penalty for the health insurance mandate. One outcome of the repeal is that some employers are no longer providing health insurance benefits. Another effect is that healthier Americans are cho…Read More

  4. Jeffrey Collins Named Top 100 National Black Lawyer

    IRS tax attorney Jeffrey Collins has been recently listed as one of the Top 100 National Black Lawyers. In order to be named to this prestigious list, lawyers must be carefully screened and invited for membership. Criteria includes: Reputation among peers, the judiciary, and the public The previous year’s achievements in the practice area of specialty Board Certifications in area of specialty No…Read More

  5. Expectations for Working Moms Under Trump Tax Plan Explained

    President-Elect Donald Trump’s proposed tax plan is surprisingly very detailed.  Without advocating, defending, or bashing the plan, I want to summarize what to expect. Trump Tax Plan Easily Boosts Net-of-Tax Incomes for the Wealthy First, Trump spoke to the “working class.” He promised to "massively cut taxes for the middle class, the forgotten people, the forgotten men and women of this c…Read More

  6. Employee or Independent Contractor Audit Selection

    Employee vs Independent Contractor Audits This company represents trucking construction trades, and other small to mid-sized businesses. In IRS examinations, among the top 3 most common areas we see for audit is the legal question of whether workers/drivers are independent contractors, or simply employees. Employees’ wages are reported to the federal and state governments on the Form W-2, Wage a…Read More