The Illinois tax amnesty program, which ended in November brought the State of Illinois more than $717 million in unpaid taxes Gov. Pat Quinn’s office announced. The Illinois tax amnesty program gave Illinois taxpayers a welcome break by not charging any interest or penalties for previously unpaid taxes as long as you paid them by…Details
Federal Tax Conference 2010 Here’s a great opportunity for Chicago, Illinois tax lawyers to keep up on their CPE credits and a chance to mingle with other attorneys from law firms around Illinois. It’s not only educational but it’s a lot of fun exchanging war stories and case law information that could actually help you…Details
Chicago, Illinois IRS Tax Audit Attorneys We are experienced tax audit attorneys that helps settle IRS tax audit problems for taxpayers in Chicago, Illinois and nationwide. If the IRS or an Illinois tax authority has contacted you, it is not a time for panicking but it is definitely time to be concerned. Based on decades…Details
Often times taxpayers in Chicago, IL Cook County or nationwide who have IRS tax problems will often find themselves confronted with new IRS tax law terms like “tax penalty abatement” or “offer in compromise”. In this post we wanted to give you the definition of an Offer In Compromise (OIC) in case your looking for some quick and specific information on an Offer in Compromise. If there’s anything else you’d like to see us talk about on the blog please let us know.
Follow this link to read the definition.Details
Our clients allow us to use their real names and stories — and they even gave us pictures! — because it is tough to know who’s telling the truth these days. They have done this to help YOU! Please respect their privacy. Here is the story of John Leach who owed $56k and payed nothing!
“I just want to say Alex, Katheryn, and everybody have been nothing but fabulous. I’ve had many lawyers trying to help me with my back taxes to no avail.Details
Unfiled Tax Returns In Chicago, Illinois
Filing your tax returns is serious business and shouldn’t be taken lightly. If you have an unfiled tax return or years worth of late tax returns, you should immediately get them filed. By not filing late taxes, the IRS can legally attempt to collect the tax debt from you for up to ten years. If you owe money on your late tax returns, you don’t have to pay them right away but it’s very important that you get them filed for the time being and I’ll tell you why.
Most Common Tax Breaks 2013 for Small Business Most of the small businesses in America have lean operations where people have very little chances to make mistakes. That means these small businesses have to act on their own during the tax times. From the researches, it has been identified that many small business owners do…Details
Best Small Business Tax Strategies Taxes can be considered as one of the biggest expenses of a company. Small business owners pay their special attention to these taxes because they create a significant impact on the business. All the taxes are calculated by the company’s best accountants at the end of every business year. Huge…Details
IRS Tax Resolution in Chicago – The Tax Defenders Need Tax Resolution help? http://www.thetaxdefenders The Tax Defenders are a full service IRS tax resolution firm. Over the years we’ve helped taxpayers save millions on their tax issues all over the country. If you’re looking for a tax attorney, CPA or IRS tax resolution service for…Details
What is a Penalty Abatement? The IRS defines Penalty Abatement as the abatement (i.e. lessening) of any Penalties and Interest incurred when filing a late tax return, paying your taxes late and late deposit of taxes currently owed to the Internal Revenue Service. How To Qualify for a Penalty Abatement A taxpayer must have legitimate…Details
IRS Audit Lawyers Guide Being audited is an ordeal that can be highly stressful without the right help. An IRS audit attorney can make the process run more smoothly and could possibly get you a much better outcome. The IRS actually likes working with IRS audit attorneys in Chicago because they understand the process and…Details
Owning a small business in Chicago can be a smooth ride or a rough one, depending on how organized and knowledgeable you are. Running a business takes more than knowing how to sell a service or product. You’re going to need to know how to run your finances, so that when tax time comes around,…Details
Running a business comes with a lot of responsibilities, including withholding Medicare taxes, social security taxes and income taxes from their employees. As a business owner with employees, if you fail to pay the IRS these taxes due, then you could face legal issues. A payroll tax attorney can be consulted if you are dealing…Details
Tax Abatement Lawyer Chicago Tax abatement could be a solution for you if you meet certain criteria. In the event that you have fallen behind in your taxes and are being charged penalties by the IRS, then you could consult with a tax abatement lawyer Chicago to see if this is an option for you.…Details
Chicago Small Business Tax Preparation The Tax Defenders Small Business Bookkeeping, Record Keeping, Accounting and Tax Preparation Service in Chicago provides professional income tax preparation and payroll tax preparation for all types of small businesses and the self-employed in the Chicagoland area. We offer the best tax preparation service in Chicago for Federal, State and…Details
Reduce Back Taxes Owed There’s no shame in owing back taxes but doing nothing about it makes things much, much worse. The IRS knows there are billions of dollars in unpaid income taxes each year and if you’re reading this, chances are the IRS is now coming after you. If you owe unpaid back taxes,…Details
OFFER IN COMPROMISE HELP Did you know that you can use something known as an Offer in Compromise to settle your tax debt with the IRS? You can use this Offer in Compromise to retire an outstanding tax debt for less than what you actually owe. But what, exactly is an Offer in Compromise? An…Details
Are you thinking of filing for bankruptcy for tax debt? If you are, you’re not alone. Last year—as detailed in a report made by the United States Courts—the number of bankruptcy notices may have increased by about 20%. And the bankruptcy reports in the month of March were higher than they’ve been in eleven months.…Details
What is a Federal Tax Lien? The IRS is divided into several divisions. And one of those divisions—the Collection Division—is responsible for a Federal Tax Lien and enacting something the IRS refers to as an enforced collection. An enforced collection refers, essentially, to any action that goes beyond what most people would consider conventional. Most…Details
Has the IRS brought a wage garnishment against you? This garnishment can be interrupted in one of two ways. One, it can be interrupted simply by settling your tax debt in a timely manner. And two, it can also be interrupted by negating the impact of the levy relating to your financial situation. Unsurprisingly, the…Details
It’s tax season again and a lot of the federal tax laws have changed for 2011 and we wanted to provide a list of tax deductions that you might qualify for or have overlooked. It’s also worth noting that in 2011 taxpayers have until April, 18th 2011 to file their tax returns because April 15th,…Details