IRS tax lawyer

IRS Audits - Everything You Need to Know, Tax Law Offices, Tax Lawyer, (Naperville, IL)

IRS Audits – Everything You Need to Know

By J Anton Collins / May 23, 2022

IRS Audits – Everything You Need to Know   The filing deadline has passed, and tax returns have been filed. Many Americans have gone from worrying about getting their returns filed to worrying about hearing those dreaded words “IRS Audit.”   Even the thought of being audited strikes fear in most people’s hearts. So today, we…

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IRS Shredded 30 Million Returns, Tax Law Offices, Tax Lawyer, (Naperville, IL)

The IRS Shredded 30 Million Tax Returns – What Does This Mean For You?

By J Anton Collins / May 16, 2022

The IRS Shredded 30 Million Tax Returns – What Does This Mean For You?   An article last week in the Journal of Accountancy and a few other sources told us that IRS just shredded 30 million unprocessed tax returns. That’s 30 million. Now that’s not good news for those who filed those tax returns.…

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7 Tax Refund Secrets, Tax Law Offices, Tax Lawyer, (Naperville, IL)

7 Secrets About Tax Refunds

By J Anton Collins / April 18, 2022

 7 Secrets About Tax Refunds   Tax season just ended, so now the thing on everyone’s mind is their tax refund.   How much will my refund be?   When will I get it?   Today, we will talk about some things that you may not know about tax refunds.   Secret #1  …

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Form 1099-MISC VS Form 1099-NEC 2022

By J Anton Collins / April 12, 2022

Form 1099-MISC VS Form 1099-NEC 2022   If you are a gig worker or independent contractor, you have probably noticed that you received a different form showing your compensation.   Previously,  you would receive Form 1099-MISC to show your gig income or compensation.   For 2021 income, you will now receive Form 1099-NEC. So what’s…

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Form 1040 Cryptocurrency Question, Tax Law Offices, Tax Lawyer, (Naperville, IL)

Form 1040 Cryptocurrency Question – How to Get It Right

By J Anton Collins / March 29, 2022

Form 1040 Cryptocurrency Question – How to Get It Right   If you invest in cryptocurrency, this is information you MUST know for this tax season.   The IRS is going to be closely watching those who deal in cryptocurrencies. Filing an incorrect tax return can result in an audit, so you need to ensure…

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What IRS Can't Take, Tax Lawyer, Tax Law Offices, (Naperville, IL)

Know Your Rights – What the IRS Can’t Take

By J Anton Collins / March 21, 2022

Know Your Rights – What the IRS Can’t Take   Every day we get a phone call from someone who is scared that the IRS will come and take everything they own from their house in the middle of the night.   Today we’re going to talk about things that the IRS absolutely can NOT…

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How to Avoid Top 3 Crypto Currency Tax Traps, Tax Lawyer, Tax Law Offices (Naperville, IL)

How to Avoid the Top 3 Cryptocurrency Tax Traps

By J Anton Collins / March 14, 2022

How to Avoid the Top 3 Cryptocurrency Tax Traps   Lately, a lot of focus is on investment transactions in various cryptocurrencies. So now the IRS is watching – maybe even closer than you think.   Let’s talk about how to avoid the top 3 cryptocurrency tax traps.   TRAP #1   You have to…

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Will My Recovery Rebate Credit Be Used to Pay Back Taxes, Tax Law Offices, Tax Lawyer, (Naperville, IL)

Will My Recovery Rebate Credit (Stimulus $$) Be Used to Pay Back Taxes?

By J Anton Collins / February 21, 2022

Will My Recovery Rebate Credit (Stimulus $$) Be Used to Pay Back Taxes?   We have good news – The answer is no! Keep reading to find out more.   The Recovery Rebate Credit allows individuals who did not receive their stimulus payment to potentially claim the missing amount on their 2021 tax return.  …

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What Happens if the IRS Rejects My Offer In Compromise, Tax Attorney, Tax Law Offices, (Naperville, IL)

What happens if the IRS rejects my Offer-in-Compromise?

By J Anton Collins / December 13, 2021

What happens if the IRS rejects my Offer-in-Compromise?   Potential clients who have already filed Offers-In-Compromise often want to know what will happen if the IRS rejects their Offer-in-Compromise.   This is our Morning Coffee Series, and we’ve got some information about that.   What if IRS rejects an Offer-In-Compromise filing? The good news is…

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