Blogs
Tax Deductions for Business Owners 2023
The end of the year is creeping up on us, and that means yet another dreaded tax season. Did you know that there are many tax deductions available to business owners? If you are...
When Should I Hire a Tax Attorney?
When should you hire a tax attorney? This is an important question, and the answer depends on your specific situation. There are some cases in which it is absolutely essential to...
3 Ways to Lower Next Year’s Tax Bill
Are you looking for ways to lower your tax bill for next year? There are a number of things you can do to reduce the amount of taxes you have to pay. In this blog post, we will...
Report Someone to the IRS for Fun and Money
Who are the Internal Revenue Service's favorite superheroes? The X-Men. The IRS loves to hear from ex-spouses, ex-business partners, and ex-employees about taxpayers who may not...
The Tax Cost of Litigation, Part I
When a plaintiff wins a judgment or reaches a settlement, the tax man will be lurking to get his share. There are two main issues in the taxation of litigation. This blog post...
IRS Codification of the Economic Substance Doctrine Imposes New Penalties
Taxpayers seeking the tax benefits of a transaction that the IRS deems to have no economic purpose, aside from the reduction of tax liability, will face stiff penalties under the...
Forming a Tax-Exempt Organization
With the current state of the world, charities are needed now more than ever. If you are contemplating creating a charity you should consult with a qualified tax attorney or...
IRS Appeals Procedure
The IRS has finished its audit and has issued a “30-day letter” with proposed adjustments. What now? The IRS provides a forum for appealing a proposed income tax deficiency known...