IRS tax attorney near Naperville

Deduct Gambling Losses on Your State Taxes

By J Anton Collins / March 1, 2024

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…

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IRS Letter LT38

By J Anton Collins / February 23, 2024

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…

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IRS Text Message Scam – Watch Out!

By J Anton Collins / February 1, 2024

IRS Text Message Scam – Watch Out!   The image shown is a text message sent to millions of American cell phones. It begins with the words “IRS Government”. The message goes on to state that:   “The system detects an error in the calculation of your tax please complete the data for a tax…

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

By J Anton Collins / January 24, 2024

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,…

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

By J Anton Collins / December 29, 2023

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…

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Why Tax Law Offices is Based in Naperville IL (2024)

By J Anton Collins / December 20, 2023

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.…

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If the Government Shuts Down, Do I Still Have to Pay Taxes?

By J Anton Collins / September 28, 2023

If the Government Shuts Down, Do I Still Have to Pay Taxes?   First Thing: How Does a Government Shut-Down Affect the IRS   Without an approved budget to, in part, fund the governmental operations, the U.S. government operations may become suspended effective October 1, 2023. This would be the 4th of these events in…

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Part 2 – Can you Buy or Sell a Business Subject to Tax Liens?

By J Anton Collins / June 15, 2023

Part 2 – Can you Buy or Sell a Business Subject to Tax Liens?     This is the second article in our upcoming 3-part series on selling a business with tax liens.   Federal Tax Liens can disrupt the sale of a business in multiple different ways. Sellers want a top-dollar sale price. Buyers…

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How Long Do You Have to Claim Your Tax Refund?

By J Anton Collins / March 23, 2023

How Long Do You Have to Claim Your Tax Refund?   How long do you have to claim your tax refund from IRS? This is a question we hear often.   The general rule is that you can claim your refund up to three years from the due date of the tax return.   So…

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IRS Notice CP2000 – Am I Being Audited?

By J Anton Collins / February 1, 2023

IRS Notice CP2000 – Am I Being Audited?   Have you received an IRS Notice CP2000? What does it mean? Keep reading to find out what you need to know.   One of our attorneys was on a call with a client who received an IRS Notice CP2000. Before hiring Tax Law Offices, she called…

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