Generally speaking, damages received by a taxpayer who suffered physical injuries or sickness is excludable under the Internal Revenue Code, meaning that the taxpayer does not have to include any such payments as income on his income tax return. When…
October 05, 2017
Americans are known for charitable giving. In 2016 alone, Americans donated nearly $390 billion to charitable causes — an amazing 4.2 percent increase over 2015. We are especially giving in times of national tragedy, like the devastating recent hurricanes that…
September 18, 2017
Local tax attorney Patrick T. Sheehan is pleased to announce that the law firm he founded in 1991, Patrick T. Sheehan & Associates, will also now be known as IRS Trouble Solvers. This new co-branding effort “allows us to better…
September 07, 2017
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