Tax Law BlogPage 15 of 32
Expert insights on IRS tax resolution, criminal tax defense, and compliance from our attorneys.
A 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, 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, 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 everythi
Gregory McCauley, 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, 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 [&helli
Gregory McCauley, 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, 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, Esq.•1 min readJun 18, 2020IRS Form 433-D Installment Agreement, Explained
How to complete Form 433-D, what the IRS checks, and where to mail it. Written by the tax attorneys at McCauley Law Offices.
Gregory McCauley, 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, 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, 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, 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, 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, Esq.•1 min readJun 16, 2020Tax Penalty Relief
McCauley Law Offices, P.C. can help you if you are dealing with large penalty amounts and interest fees being applied to your back taxes. Hopefully, the fact that the IRS charges penalties and interest fees on the debt that you owe does not come as a surprise to you. You may feel as if you [&helli
Gregory McCauley, Esq.•4 min readJun 15, 2020What is the Fresh Start Initiative and Can I Qualify?
You are not alone if you are a struggling taxpayer that hopes that the IRS will just forget about your tax debt. Unfortunately, the IRS will not forget about your tax debts and leave you alone if you decide to ignore your tax liability and fail to pay them. Failing to pay taxes that are […]
Gregory McCauley, Esq.•3 min readJun 12, 2020I have Unfiled Payroll TaxesWhat Should I do?
Payroll taxes are taxes paid on the wages and salaries of employees. These taxes fund social insurance programs such as Medicare and Social Security. A company owner, or chief officer is typically held personally liable for paying payroll taxes, however the IRS can pursue more than just one person f
Gregory McCauley, Esq.•3 min readJun 11, 2020What is an IRS Installment Agreement and How do I pay?
Owe back taxes? Facing wage garnishment? You may have heard about an IRS Installment Agreement but you are unsure of how to proceed. McCauley Law Offices, P.C. can help you negotiate an IRS Installment Agreement that puts your mind at ease and allows you to pay your tax debts in a reasonable way. If
Gregory McCauley, Esq.•4 min readJun 11, 2020What is Form 8027 and how to file electronically
Form 8027 is used for food or beverage establishments where tipping is customary. If your employees make more than $20 in tips per month, they are required to send you a document stating how much they made so you can record this on Form 8027. They can use Form 4070 to record tips to share […]
Gregory McCauley, Esq.•2 min readJun 11, 2020The IRS Returns, But This Tax Preparer Taketh
Michigan tax preparer, Mark Alan Patterson has been charged with wire fraud. Patterson worked for Shuster Tax Service as a tax return preparer from 2015 until February 2020, when the fraud was discovered. He is accused of stealing a portion of his clients’ tax refunds by directing portions of refund
Gregory McCauley, Esq.•1 min readJun 11, 2020I Cannot Pay My Taxes..Now What?!
Have you have received your tax debt for the year and realize that you cannot pay the debt owed for the year? If you cannot afford to pay your debt then the first thing to remember is that you should not panic. When your debt is not collectible the IRS will continue to bill you […]
Gregory McCauley, Esq.•4 min readJun 10, 2020Offer in Compromise (OIC)Is it a Good Idea?
The offer in compromise (OIC) option that the IRS provides for settling a tax debt should not be entered into without first giving it a great deal of thought and consideration. You should receive sound advice from a tax attorney that you can trust before you make agreement for an OIC to the IRS. Y
Gregory McCauley, Esq.•2 min readJun 10, 2020How to Avoid an IRS Audit
It has been said that there are few certainties in life and taxes are one of them. We are positive that getting audited by the IRS is something that we all, with certainty, want to avoid. Some reporting groups say that getting audited is about as half as likely as it would have been ten […]
Gregory McCauley, Esq.•4 min readJun 9, 2020Why you could have gotten an IRS notice letter
The IRS sends out millions of letters each year notifying taxpayers of important things to remember or address. If you get one of these letters with a code, you may or may not have to respond to the letter — depending on the notice. Read the letter thoroughly to learn what you need to do […]
Gregory McCauley, Esq.•2 min readJun 9, 2020How to respond to an IRS notice letter
Don't panic if you get a letter from the IRS with a code listed. In most cases, you don't have anything to worry about. The IRS sends out millions of letters each year to taxpayers notifying them of account information. Read it carefully to know what you're supposed to do. If you don't need to respo
Gregory McCauley, Esq.•2 min readJun 9, 2020What to do when you get an IRS notice letter
Don’t panic. People often get letters from the IRS notifying them of changes to their account. Most of the time you don't need to do anything. Other times, you will need to edit your information or send a letter back. If you get a letter with a notice code, simply follow the instructions on the [&he
Gregory McCauley, Esq.•2 min readJun 9, 2020She Left Her Employer Out in the Cold
Kerry Snow Yeager pleaded guilty to tax evasion, wire fraud and identity theft after embezzling $316,231 from her employer. Snow Yeager’s deceit began in 2015 and ended in 2017 when the owner of the company discovered the fraud. Snow Yeager stole the money through unauthorized ATM withdrawals, unaut
Gregory McCauley, Esq.•1 min readJun 9, 2020Can I Get a Release from a Bank Levy?
The IRS can take money out of your bank account, take the cash value from any life insurance policies that have a cash value, seize your retirement accounts and keep your state tax refund. They can even take your license from you. They wield a great amount of power when collecting tax debts. They
Gregory McCauley, Esq.•2 min readJun 8, 2020Showing 379–405 of 838 articles
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