Tax Law BlogPage 14 of 31
Expert insights on IRS tax resolution, criminal tax defense, and compliance from our attorneys.
Not Such A Minor Offense
New Yorker Mark Wolanyk pleaded guilty to tax evasion for a scheme that included his minor son. Wolanyk opened a bank account in his son’s name in 2010, and listed himself as the custodian of the account. During the next three years Wolanyk deposited more than $250,000 in the account, the majority o
Gregory McCauley Jr., Esq.•1 min readAug 11, 2020Ruby’s in the Red
Illinois resident Ruby Toosevich pleaded guilty to bank fraud for defrauding the medical practice where she worked by using the company’s bank account to pay her personal expenses. Toosevich created fake invoices disguised as legitimate business expenses in order to get checks from her employer. She
Gregory McCauley Jr., Esq.•1 min readAug 6, 2020What the Puck Was She Thinking?
A simple mistake, oversight, or your accountant’s malpractice may trigger an IRS criminal investigation. Specifically, unreported income, a false statement, the use of an impermissible accounting or banking service, or declaring too many deductions are things that could initiate an audit, which coul
Gregory McCauley Jr., Esq.•1 min readAug 4, 2020IRS Innocent Spouse Relief
Question: I’m currently separated from my spouse, who owns his own business, and we are in the process of getting a divorce. I have always filed jointly with my husband and now the IRS is sending me notices stating I owe $65,000. I have no idea how they are coming up with this amount as […]
Gregory McCauley Jr., Esq.•2 min readJul 30, 2020President of United Auto Workers Union Driven to Crime
Gary Jones, the former president of the international United Auto Workers union pleaded guilty to conspiring to embezzle one million dollars of UAW dues money, to racketeering and to evading taxes. Jones admitted to conspiring with at least six other high-level UAW executives in a conspiracy to embe
Gregory McCauley Jr., Esq.•1 min readJul 28, 2020Stolen Identity Refund Fraud: The Wrong Way to Do Laundry
There is always someone out to try to game the system. Over the past several years the IRS has seen tens of thousands of fraudulent returns filed in what they are terming Stolen Identity Refund Fraud. In essence, criminals obtain Social Security Numbers and proceed to file false tax returns yielding
Gregory McCauley Jr., Esq.•2 min readJul 23, 2020COVID-19: IRS Warns of Scammers
The COVID-19 Pandemic has plagued our economy in more ways that one. Now, scammers have been trying to take advantage our US Citizens seeking relief from the Pandemic. It is incredibly important to make sure that your tax information is secured. At McCauley Law we offer services to check your IRS tr
Gregory McCauley Jr., Esq.•2 min readJul 21, 2020Orange is the New Black for Couple Who Defrauded Forever 21
The IRS is making a push to punish individuals who have used nonprofits for their own personal gain. Contact our office today to ensure that you are running your business properly. Geraldine and Clayton Hill pleaded guilty to using a charity to evade taxes and defraud donors. The Hills founded On Yo
Gregory McCauley Jr., Esq.•1 min readJul 16, 2020Director of Mis-Information – Filing False Returns
It is important that you report your income, even if your income is "earned" through illicit means. Contact our office today to discuss tax preparation services. Steven Russo of Pennsylvania pleaded guilty to filing false tax returns and wire fraud after embezzling 2.79 million dollars from a former
Gregory McCauley Jr., Esq.•2 min readJul 14, 2020Tax Return Preparation – Are You Deducting Everythign You May Be Entitled To?
Some Music Lessons may be deductible on your Schedule A Both the clarinet and music lessons are tax deductible. This is due to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child’s overbite and should qualify as a medical expense. At McCauley Law Offices, P
Gregory McCauley Jr., Esq.•1 min readJul 9, 2020What Are the Odds? This Family Gambled And Lost, and Dad Went to Prison
The IRS has always pursued individuals for under reporting of income; especially gambling income. Its important that you report your gambling winnings and losses, even if you lost more than you had won. See Publication 525, Taxable and Nontaxable Income, for rules on gambling and Publication 529, Mi
Gregory McCauley Jr., Esq.•2 min readJul 7, 2020Has the IRS filed a Federal Tax Lien against your house in someone else's name?
Our office often receives calls from Taxpayers claiming that the IRS has filed a Federal Tax Lien, IRS Form 668(Y), against their house, but the lien is in someone else's name. Unfortunately this is very common as the IRS cannot always get it right. That said, it is important that you make sure the
Gregory McCauley Jr., Esq.•1 min readJul 1, 2020Your IRS Questions Answered Here…
Question: I do not have the funds to pay what I owe for my 2018 income tax return. I also was late in filing the return. Not only is the IRS demanding the tax I owe, but they have slapped on these huge amounts for penalties and interest. I had extenuating circumstances that caused all […]
Gregory McCauley Jr., Esq.•1 min readJun 30, 2020Did You Know?
Exotic dancer Chesty Love decided that she needed breast implants to get bigger tips. The IRS said no to the deduction she claimed for the size 56FF implants, but the tax court disagreed, deeming the implants as depreciable assets, a type of stage prop.
Gregory McCauley Jr., Esq.•1 min readJun 25, 2020A Thousand Talents But Staying Out of Trouble Is Not One of Them
Xiao-Jiang Li, a former Emory University professor, pleaded guilty to filing a false tax return. Li did not declare income he made as a participant in the Thousand Talents Program, which recruits professors and researchers to work for China. Li was sentenced to one year of probation and ordered to p
Gregory McCauley Jr., Esq.•1 min readJun 23, 2020IRS tax attorneys near you with a free consultation
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 services and contact us (or call 610-388-4474) to schedule a free consultation with one of our tax attorneys. Nationwide, and international, representation for clie
Gregory McCauley Jr., Esq.•3 min readJun 19, 2020Calculating Your IRS Penalties
Every year, millions of Americans file their taxes on time. They either pay the government the amount owed or wait patiently to receive their refund. But what happens when you don't pay what is owed to the Internal Revenue Service (IRS)? What types of penalties will you be looking at when everything
Gregory McCauley Jr., Esq.•3 min readJun 18, 2020How to Find a Great Tax Attorney
Choosing the right tax attorney is important for many reasons: performance, costs, and availability are just a few. You want to ensure that you are working with a professional that can handle negotiations and proper deals with the IRS with regards to your tax debts and future. It is imperative that
Gregory McCauley Jr., Esq.•3 min readJun 18, 2020What is an IRS seizure and how to avoid it
The IRS can seize your property if you're in debt to them. A quote from the IRS website: "If the IRS seizes your house or other property, the IRS will sell your interest in the property and apply the proceeds (after the costs of the sale) to your tax debt." When your property is seized, it's […]
Gregory McCauley Jr., Esq.•2 min readJun 18, 2020Selling or Refinancing when there is an IRS lien
The dreaded tax lien is essentially an official statement telling you that the government has claim to your property until you pay your unpaid tax debts that you owe the Internal Revenue Service. Tax liens dramatically impact your refinancing and buying options more so than any other kind of debt. T
Gregory McCauley Jr., Esq.•4 min readJun 18, 2020The Long and Short of It – This Attorney is Going to Jail
New Jersey attorney Douglas M. Long pleaded guilty to evading more than $250,000 in federal taxes on income generated from his law firm. Long, managing partner of Long & Marmero LLP, had primary control over the firm’s finances and supervised the firm’s bookkeeper. He used the company’s bank account
Gregory McCauley Jr., Esq.•1 min readJun 18, 2020Form 433-D IRS Installment Agreement [with video]
Form 433-D is used for the application for an Installment Agreement with the IRS to know when and how much to automatically draft from a bank account. What a Form 433-D is used for This form is used for the application of an Installment Agreement with the IRS. An Installment Agreement is the underst
Gregory McCauley Jr., Esq.•2 min readJun 17, 2020Federal Tax Lien Statute of Limitations
A fact that is not widely advertised by the Internal Revenue Service is the statute of limitations on Federal Tax Liens. The Federal Tax Lien Statute of Limitations is 10 years. This means that the Internal Revenue Service has 10 years to collect unpaid tax debts from you. After the 10 years expires
Gregory McCauley Jr., Esq.•4 min readJun 16, 2020How Does the IRS Calculate Penalties
According to law, IRC § 6651(a)(1), the your Internal Revenue Service has to impose penalty for failure to pay tax that is due on your return. The same law, IRC § 6651(a)(2), provides the IRS with percentage of penalty to impose or fine the taxpayer. The IRS calculates penalties according to law and
Gregory McCauley Jr., Esq.•4 min readJun 16, 2020How to file form 3921 electronically
IRS Form 3921 is used to report the exercise of an incentive stock option. This form is used by corporations to document each transfer of stock to a person. If your corporation offers incentive stock options and you accept, you must file Form 3921 for each transfer. Where to find Form 3921 If employ
Gregory McCauley Jr., Esq.•2 min readJun 16, 2020What happens if you owe the IRS money and don't pay
Year after year, some taxpayers end up owing more money because it accrues year over year with more debt. But what if you don't or can't pay? Well, in some cases they will use your assets to pay back the debt. The IRS can place a lien on your property and assets, which could later […]
Gregory McCauley Jr., Esq.•2 min readJun 16, 2020A Buffet of Lies and Deceit
The owners of the New China Buffet and Grill in Tennessee have been charged with employment and income tax fraud, conspiracy to harbor illegal aliens and money laundering. Quanwei Shi and Chongqiang Chen, both 29, are accused of hiring undocumented workers from China and Guatemala to work at their r
Gregory McCauley Jr., Esq.•1 min readJun 16, 2020Showing 352–378 of 825 articles
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