TAX REPRESENTATION FROM A FORMER IRS EMPLOYEE
CALL 815-534-4402
Tax audits occur less frequently than most people believe they do, and most of them are conducted by mail. However, some Frankfort, Illinois residents may face an in-person tax audit at some point, and it is wise to prepare for this procedure. According to H&R...
There are various benefits to being self-employed. You can call the shots, including setting your schedule and not having a cap on your wages. However, you don’t have an employer taking deductions from your paycheck. You have to keep track of your tax obligations...
For years, it was the first piece of advice that a financial planner would give anyone with more than a million dollars and assets: It was common knowledge that they should move their resources to an offshore bank account where the IRS wouldn't be able to locate those...
If you find yourself in this situation, not to worry, inheriting the family home does not need to be complicated. You have many options available to you depending on how you would like to use the property -- but there are a few things you need to handle first. Here...
Running your own business is hard. It seems like there’s always a ton of rules to wade through when it comes to every aspect of your business, including when it comes down to hiring employees and independent contractors. Misclassifying an employee as an independent...
Once you submit your tax return, you might still lose sleep over it. You might lie awake expecting the Internal Revenue Service (IRS) to knock on your door and tell you they want to audit your company. However much you trust your accounting team, you know mistakes...
It’s not uncommon for people to miss the tax-filing deadline, even though most people know when it is. They might miss it unintentionally or refuse to file for other reasons. If you haven’t filed a tax return for the past year when you were supposed to, then you still...
Estate planning is often thought of as something that's only necessary for those over 60. However, this could not be further from the truth. The fact is that the future is uncertain for everyone. Therefore, anyone who has assets should have an estate plan in place....
The head of the Internal Revenue Service (IRS) issued a stern warning to corporations and individuals of means last week. He noted that they better either pay up the $1 trillion in taxes he alleges that they owe or otherwise prepare themselves to face the...
Bitcoin has been around for more than a decade, but it recently rose to prominence a few years ago when the price started to surge. All of a sudden, it went from a niche concept backed by some people online to a potentially mainstream investment. Although the market...
