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Talk with a Tax Attorney Talk with a Tax AttorneyWhether you file the simple 1040EZ or a complex 1040 and a raft of schedules, making a mistake on your tax form could lead to big tax trouble. Something as simple as a math error or unsigned form could invite…
October 09, 2020
Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a…
January 06, 2020
In a recent case, a corporation learned that it did not file its federal Form 941 employment tax returns for 2010 through 2013 or paid the related liability. The corporation said that it first learned of this issue when it…
May 06, 2019
The IRS recently clarified that the new tax law does allow you to deduct business meals for entertaining clients under the new tax law provided that certain rules are met. Before this clarification, most businesses believed that the 50% deduction…
March 18, 2019
In a recent case, the ex-wife brought suit against the IRS claiming that she was an innocent spouse related to her tax liability for 2009. During that year, the husband operated an air conditioning business. Although the wife was listed…
December 02, 2018
Owners of a popular River Grove, Illinois Italian restaurant were recently charged with tax evasion after not reporting hundreds of thousands in cash receipts. According to a report in the Chicago Tribune, the father and son owners of Da Luciano…
January 10, 2018
There are several different types of bankruptcies, including a Chapter 13 (repayment plan for individuals), a Chapter 11 (repayment plan for businesses) or a Chapter 7 (liquidation). In a Chapter 13 or a Chapter 11, the taxes are typically paid…
November 21, 2017
Two business owners were recently indicted by a federal grand jury for allegedly conspiring to defraud the government, for failing to pay over employment taxes and for obstructing the internal revenue laws related to their operation of a temporary employment…
April 04, 2017
According to a recent report by the Treasury Inspector General for Tax Administration (TIGTA), the IRS should allocate more resources to combat the increase in egregious employment tax noncompliance. When a business has employees it is required to file employment…
April 04, 2017
If you are a regular reader of this blog, you are aware that the IRS and the United States Department of Justice are now vigorously pursuing employment tax violations and are taking a much stricter position on civil and criminal…
January 13, 2017
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