Tax Law BlogPage 31 of 31
Expert insights on IRS tax resolution, criminal tax defense, and compliance from our attorneys.
Professional, knowledgable, and calming ~ Jim F.
Professional, knowledgable, and calming ~ Jim F. McCauley Law Offices are THE very best! A couple of years ago some other firm had misled me and got me into even bigger trouble with the IRS and took money from me ,in addition to the bad advice. I was hesitant but felt I had no choice […]
Gregory McCauley, Esq.•1 min readNov 1, 2016Best Lawyer in Philadelphia ~ Amanda S.
Best Lawyer in Philadelphia ~ Amanda S. When I needed the best lawyer in Philadelphia to handle a sophisticated real estate case that not only had over 200,000 documents but they were also in English and French. I needed Gregory McCauley. As a well-known handwriting expert [Sandy Stevens, CDE] I nee
Gregory McCauley, Esq.•1 min readNov 1, 2016Exceptional Service ~ Mate D.
Exceptional Service ~ Mate D. The McCauley Law Offices provide exceptional services on par with many of the larger firms in this practice area, both personal and corporate, of which I am familiar. If you've had any exposure to this practice area for whatever reason, you will quickly recognize the va
Gregory McCauley, Esq.•1 min readNov 1, 2016
Connecticut 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, 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.
Gregory McCauley, 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 contri
Gregory McCauley, 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, 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 speci
Gregory McCauley, 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, 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, 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 [&hellip
Gregory McCauley, 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, 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, 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, Esq.•1 min readOct 19, 2016testimonial 1
For seven years, I ran up a $500,000.00 plus tax problem with IRS and state sales tax. Greg settled my case and I’m back in business… Whatever you do, hire that man and get your life back!"
Gregory McCauley, Esq.•1 min readOct 18, 2016testimonial 1
For seven years, I ran up a $500,000.00 plus tax problem with IRS and state sales tax. Greg settled my case and I’m back in business… Whatever you do, hire that man and get your life back!"
Gregory McCauley, Esq.•1 min readOct 18, 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, 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, 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, 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, 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, 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, Esq.•1 min readMar 19, 2016Not paying is better than not filing
This year's tax deadline has come and gone, and hopefully you've filed your taxes by now; or at least filed for an extension. If you've avoided filing this year out of an inability to pay, however, it's worth knowing that not filing your tax return will cost you much more in the long run than [&hell
Gregory McCauley, Esq.•1 min readFeb 19, 2016How to Survive IRS Audit
So you filed your tax returns and thought all was well only to receive an audit letter from the IRS. The key in dealing with this is to first and foremost remain calm. Many taxpayers contact our office in a frantic state after receiving this letter. Below you will find a series of steps to [&hell
Gregory McCauley, Esq.•2 min readFeb 2, 2016Are offshore bank accounts illegal?
As the "Panama Papers" story continues to unfold, the extent of the offshore bank accounts set up by Panamanian law firm Mossack Fonseca is becoming increasingly clear. To date, leaked documents show that the firm has created almost 215,000 shell companies for about 14,000 wealthy and powerful clien
Gregory McCauley, Esq.•1 min readJan 19, 2016Showing 811–835 of 835 articles
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