Tax Law BlogPage 27 of 28
Expert insights on IRS tax resolution, criminal tax defense, and compliance from our attorneys.
IRS Notices for Late Filing
If you have not filed an income tax return for at least one year, the IRS may issue a letter inquiring about the omission. If you haven’t filed the tax return for a number of years, the IRS may prepare a “Substitute For Return” (SFR) using third-party information — such as your Form W-2 (wages) and
Gregory McCauley Jr., Esq.•2 min readNov 18, 2016Local IRS Office Locations
If you are seeking face-to-face tax help, the IRS has Taxpayer Assistance Centers (TACs) located across the country. Note that TACs are closed on federal holidays and generally operate on a first-come, first-served basis. Visit “Contact Your Local Office” on the IRS website to find the addresses and
Gregory McCauley Jr., Esq.•1 min readNov 16, 2016Where Is My Tax Refund?
If you want to check the status of your Federal tax refund, you can do it online, by telephone, or even with a smartphone application. The IRS provides a “Where’s My Refund?” online tool that tracks your tax refund by providing 3 simple alerts: Tax Return Received, Tax Refund Approved, and Tax Refun
Gregory McCauley Jr., Esq.•1 min readNov 14, 2016Recent Taxpayer Q&A
Question: I received a Notice of Federal Tax Lien via certified mail for unpaid back taxes and I’m scared and don’t know what to do. Can you help? Answer: Yes. A Notice of Federal Tax Lien (NFTL) is public record and is generally filed with the County Recorder where you reside. A federal tax […]
Gregory McCauley Jr., Esq.•1 min readNov 11, 2016IRS Phone Numbers
Do you have an issue with the IRS and cannot find the right phone number? See the list of IRS hotlines below: Tax Help Line for Individuals: 800-829-1040 Tax Help Line for Businesses: 800-829-4933 Order Tax Forms and Publications: 800-829-3676 Information Return Reporting: 866-455-7438 Employer Iden
Gregory McCauley Jr., Esq.•1 min readNov 9, 2016Ohio Man Sentenced for Four Counts of Tax Evasion
A Lakewood, OH resident, Thomas Klocker was sentenced to six months in prison and ordered to pay nearly $1.8 million in restitution to the IRS for claiming false write-offs and not declaring income. Kloker diverted funds from his metal sales business for his personal use to purchase a waterfront r
Gregory McCauley Jr., Esq.•1 min readNov 9, 2016All IRS Tax Notices Explained
This is a complete list breakdown of all notices you may receive from the IRS. Any notices from CP171 to CP220. "Control + F" to search this document. About us At McCauley Law Offices, P.C., our lawyers will find a solution to your tax problems, no matter how complex your IRS issue is. View our […]
Gregory McCauley Jr., Esq.•58 min readNov 7, 2016The Largest Tax Debt in History
Although this took place in 2007, it remains to date the largest amount owed in back taxes. Telecommunications mogul Walter Anderson was sentenced in 2007 for failing to pay a whopping $200 million in taxes to the IRS. Although in 1996 he earned over $126 million, his federal return showed only $67,
Gregory McCauley Jr., Esq.•1 min readNov 7, 2016Owner of First Touch Payment Solutions Co. Has the Last Touch of His Worker’s Employment Taxes
A resident of Germantown, TN, Larry Thornton was sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay more than $8 million in employment taxes. Thornton owned 2 companies, First Touch Payment Solutions, a credit card processing company and Softwa
Gregory McCauley Jr., Esq.•1 min readNov 4, 2016North Carolina Man Goes to Great Lengths Not to Pay IRS
Billy Floyd, of Monroe, NC was indicted on charges of interfering with the due administration of the Internal Revenue laws and filing false tax returns. It was alleged that Floyd filed amended tax returns for the years 2000-2002 showing his tax liability reduced to zero. In 2010 he again filed amend
Gregory McCauley Jr., Esq.•1 min readNov 2, 2016Connecticut Man Faces Prison Term for Hiding Income in Panama
Saul Hyatt, from Weston CT., pleaded guilty to one count of concealing over $1.5 million in income by using an undeclared bank account in Panama. Hyatt registered a Panamanian Corporation, The Centennial Group, which bought and sold duty-free alcohol and tobacco products. Both products were shipped
Gregory McCauley Jr., Esq.•1 min readNov 1, 2016Year End Tax Planning Tips
Here are some of the most important, according to AccountingToday, 2016 tax-planning considerations for individuals: Accelerate Deductions and Defer Income: It sometimes makes sense to accelerate deductions and defer income. There are plenty of income items and expenses you may be able to control. C
Gregory McCauley Jr., Esq.•4 min readOct 31, 2016IRS Announces 2017 Pension Plan Limitations
The IRS has released cost-of-living adjustments for the dollar limitations for pension plan contributions and other retirement-related items for tax year 2017. The contribution limit for 401(k)s remains unchanged, at $18,000 for 2017. However, income ranges for eligibility to make deductible contrib
Gregory McCauley Jr., Esq.•2 min readOct 29, 2016Check Cashing Store Owner Sees Dead People and Cashes Their Tax Refund Checks
Owner, Junior Jean Baptiste, of a North Miami check cashing store named Surveillance Masters, was convicted of numerous crimes including theft of government funds, or plainly stated he cashed in other peoples’ tax refund checks. Evidence presented at court showed that from 2009 to 2011, Baptiste kno
Gregory McCauley Jr., Esq.•1 min readOct 28, 2016How To Request Your Own IRS Transcripts
When negotiating a deal with the IRS it is extremely important to have all of the facts. The IRS knows everything about you and your past filings, so shouldn't you too? In all matters that we handle with the IRS, we ALWAYS request the taxpayers, or business' IRS transcripts. While we have a special
Gregory McCauley Jr., Esq.•1 min readOct 27, 2016Are You Withholding Properly?
If you are a W-2 employee, the IRS Withholding Calculator can help you determine whether you need to give your employer a new Form W-4, Employee's Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. The IRS tool will also help you fill
Gregory McCauley Jr., Esq.•1 min readOct 26, 2016Employers Face New W-2 Deadline; IRS To Delay Some Refunds
Employers and small businesses have a new January filing deadline for W-2s, the Internal Revenue Service warned, adding that it must also hold some refunds until Feb. 15. A new federal law accelerates the W-2 filing deadline for employers to Jan. 31. The new law also requires the IRS to hold refunds
Gregory McCauley Jr., Esq.•1 min readOct 25, 2016IRS to improve OIC according to reports
The Internal Revenue Service has taken steps to improve the offer in compromise process for both taxpayers and the IRS, but it can still do more, according to a new report. An OIC is an agreement between a taxpayer and the IRS that settles a tax liability for a payment of less than the full […]
Gregory McCauley Jr., Esq.•1 min readOct 24, 2016Interesting IRS Historical Fact Of The Month
In 1952, the IRS (which was known at the time as the Bureau of Internal Revenue) had a tax collector position where the employee’s only responsibility was to read newspapers and magazines for stories that might catch people evading paying taxes. Upon reading an article in the New York Times about a
Gregory McCauley Jr., Esq.•1 min readOct 23, 2016Private collections agencies pursue liens aggressively
If there's a lien on your home or other property, it's best to address it right away. That's because municipal governments are increasing turning to private collections agencies to recover unpaid property taxes. These private collections agencies often use more aggressive and punitive tactics than t
Gregory McCauley Jr., Esq.•1 min readOct 19, 2016Does Trump have to reveal his income tax returns?
There is no requirement that a person running for public office has to make their income tax returns public. Presidential candidates must file financial disclosure records, which describe their income and assets, but financial disclosure records do not reveal how much a person paid in taxes. Accordi
Gregory McCauley Jr., Esq.•1 min readOct 19, 2016Beware of charity scams related to the Orlando shooting
As if the horrific recent shooting at an Orlando nightclub wasn't bad enough, the IRS is now warning of potential scams that aim to take advantage of people's desire to help the victims and victims' families. According to the IRS web site, people wishing to make contributions to charitable organizat
Gregory McCauley Jr., Esq.•1 min readAug 19, 2016Can you discharge tax liens in bankruptcy?
There are certain types of tax debt that, under certain circumstances, can be discharged in a bankruptcy filing. However, if a tax lien existed on your property before you filed for bankruptcy, the lien will remain, even if you are no longer required to repay the tax debt in question as a result of
Gregory McCauley Jr., Esq.•1 min readJul 19, 2016Offshore tax havens create a "finance curse"
With tax shelters now under scrutiny as a result of the Foreign Account Tax Compliance Act (FATCA), much of the criticism of offshore accounts has been focused on recouping lost federal tax revenue. But according to a recent article in The Atlantic, offshore tax havens appear to be similarly damagin
Gregory McCauley Jr., Esq.•1 min readJun 19, 2016Bill providing protection against IRS asset seizure advances
A bipartisan bill that would require the IRS to provide evidence of illegal activity before seizing assets has passed the U.S. House of Representatives Ways and Means Committee. Hundreds of taxpayers who have had assets seized between October 2009 and October 2014, when IRS seizure and forfeiture ac
Gregory McCauley Jr., Esq.•1 min readJun 19, 2016Keep your property off the IRS auction list
The IRS has its own kind of Craigslist. But instead of selling its own used items to strangers over the internet, the IRS auctions off property that has been seized to compensate for unpaid taxes. Need a new car, some antiques, some silver coins or a diamond necklace? Maybe you've been hoping to mak
Gregory McCauley Jr., Esq.•1 min readApr 19, 2016Beware of jointly owned property
If you own a property with a spouse, an IRS lien affects both of you. Technically your spouse's lien would only apply to their portion of ownership in the property, but in reality a lien on a property is a barrier to its sale. You personally may be free of the lien, but until your […]
Gregory McCauley Jr., Esq.•1 min readMar 19, 2016Showing 703–729 of 732 articles
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