Tax Attorney

If You Pay Your Employees Under the Table Here Is What You Need to Know

By J Anton Collins / October 17, 2022

If You Pay Your Employees Under the Table Here Is What You Need to Know   If you are the owner of a business and you are paying your staff cash under the table, what consequences could you face if caught?   First of all, you may think that no one will ever find out.…

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3 Things to Know If You Get Paid Cash Under the Table

By J Anton Collins / October 12, 2022

3 Things to Know If You Get Paid Cash Under the Table   Getting paid under the table may seem like a win-win situation. You don’t have to keep track of your income, and even better, you don’t have to report your income to the IRS. If you don’t report your income, then you don’t…

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Illinois Notice of Proposed Tax Liability, Tax Law Offices, Tax Lawyer, (Naperville, IL)

Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know

By J Anton Collins / June 6, 2022

Illinois Notice of Proposed Tax Liability – 3 Things You Need To Know     Illinois business owners – If you’ve received a Notice of Proposed Tax Liability, you probably have questions.   This article briefly answers the three questions you may have after receiving this notice from the Illinois Department of Revenue – Audit…

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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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IRS Forgives Innocent Spouse of $62,000

By J Anton Collins / December 2, 2021

IRS Forgives Innocent Spouse of $62,000     After nearly three years, we won our client’s “impossible” cases against the IRS and the Wisconsin Department of Revenue. Previously from Milwaukee, WI, this client had been unfairly assessed nearly $62,000 of tax, interest, and penalties.   The back taxes ranged from years 2007 to 2013. The…

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How Gamblers Make an Offer in Compromise, Tax Lawyer, Tax Law Offices (Napierville, IL)

How Gamblers Make an Offer in Compromise for Illinois State Taxes

By J Anton Collins / October 11, 2021

What happens when frequent gamblers receive huge tax debts from their winnings? Learn more with Business Tax Settlement below. Why Are Gambling Taxes So High? Part of the reason why taxes on gambling is so high is that some states do not allow gambling expenses to be written off as itemized deductions. In that instance,…

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New Tax Breaks for Charitable Donations Everything You Need To Know

New Tax Breaks for Charitable Donations Everything You Need to Know

By J Anton Collins / September 21, 2021

If you plan to make charitable donations this year, you can’t afford to miss out on the charity donation tax breaks available to you. Learn more about the new tax incentives you could be eligible for, and contact Tax Law Offices today! Why Should I Care? The IRS confirmed that the government is cracking down…

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An image of a woman at a desk looking confused.

Top 3 Reasons Why Tax Problems Can Repeat

By madwire / February 5, 2021

This might help you, or someone you know.  No matter whether you are one of our past clients, you still know people with tax problems. They are all around you. Some never got help. Some already had some tax resolution in the past. Tax resolution is supposed to be permanent. But sometimes tax problems come…

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The IRS Due Diligence Audit and Penalty

By madwire / December 16, 2020

The Most Insane IRS Penalty Against Tax Pros   What is an IRS Due Diligence Audit?   The IRS expects that some return preparers will cheat the system, in order to create illegally large Earned Income Tax Credit refunds for their clients. Let’s start there. Spoiler Alert: There is no such thing as a return…

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Deadline Nov 21 — Stimulus Payments for College Students

By madwire / November 9, 2020

College Students May Still Qualify for Economic Impact Payment The Internal Revenue Service confirmed last week that eligible college students who are self-supporting and who do not need to file a tax return may still receive the Economic Impact Payment (EIP). November 21 is the registration deadline to receive the benefit payment before the end…

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