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
As Floyd “Money” Mayweather prepares for his epic battle against UFC superstar Conor McGregor in August 2017, he’s also got something else on his mind — namely some unpaid tax liabilities. According to a petition filed with the US Tax…
July 20, 2017
In a recent case, the United States Tax Court found that a wife is entitled to innocent spouse relief and a refund of her taxes that were applied to a joint tax liability with her ex-husband. In the case of…
June 22, 2017
The IRS is the most powerful creditor on the planet. It can walk into your bank and take all of the money out of your bank account. It can go to your employer and take virtually all of your W-2…
April 04, 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
We have a client that has some unpaid assessed liability due to the IRS along with unfiled tax returns. Our client is working with his accountant to cause the preparation of the unfiled tax returns, but is doing so at…
January 25, 2017
Good Beer. Doing Good. That’s our slogan for Hops for Humanity—the 501(c)(3) non-profit organization started by Elmhurst Tax Attorney Patrick T. Sheehan in 2014. Three years later, and we’re still going strong! How Hops for Humanity works is actually pretty simple. Members…
January 09, 2017
Under Internal Revenue Code Section 121, taxpayers can avoid paying tax on the sale of their principal residence if they live in the home for more than two years. A single taxpayer can avoid paying tax on up to $250,000.00,…
July 20, 2016
We’ve launched our new website with the help of Idea Marketing Group, a Chicago area marketing company. The custom designed WordPress website replaces our former website with a new design, enhanced features and a cleaner look and feel. As a Chicago…
August 18, 2014
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