How Far Back Can the IRS Audit?
By Kelly Hanley, Esq., Tax Attorney Delve into the depths of IRS audit timelines, discover how long they can look back, and learn what you can do to stay prepared. Introduction If you’ve ever wondered,…
Non-US Citizen Tax Law: A Case Study
The United States attracts people worldwide seeking opportunities and a better life for themselves and their families. However, navigating non-US citizen tax law can be challenging, especially for those unfamiliar with the system. This article…
How to Complete IRS and Illinois Unfiled Tax Returns
Help! I have not filed required Federal Tax Returns – What Should I Do? Introduction With every new year comes new responsibilities, including filing taxes or an extension prior to the April 15th deadline date….
I Pay My Taxes for That?
There are many outrageous ways that tax dollars have been spent. Overpriced bus stops or outhouses in national parks, nonsensical research projects, and never-used software programs are just some of the wasteful expenditures that have…
Do My Taxes Really Matter?
It’s easy to think your taxes don’t really matter. It’s one of the reasons people get behind on taxes and end up needing tax relief. They know that taxes from big companies and wealthy individuals…
At what point will the IRS start to seize my assets? Which assets can they seize?
If you find yourself in the unenviable position of being audited by the IRS, it’s important to know just what’s at stake if the government determines – either correctly or incorrectly – that you have…
IRS Examination Appointment – Nailed It
Imagine walking out the door of your IRS examination appointment (court summons) with a lilt to your step, thinking to yourself, Nailed it. Here’s how to make that happen. What is an IRS examination appointment?…
Tax Basics for Online Sellers (including Amazon Sellers)
Whether you are moving thousands of dollars of merchandise every week or selling some vintage fishing flies that have been sitting in the garage for a few decades, you’ve come to a good spot to…
What the IRS Will (and Won’t) Do if You Don’t Pay Your Taxes
With 330 million Americans, will the IRS notice itty-bitty me if I don’t pay my taxes? What’s the worst that could happen? Perhaps this question is one that you’ve considered. After all, the gigantic tax…
What tax issues will I likely face with an asset inheritance?
Finding out you just inherited your great-grandmother’s lake house on Mackinac Island is great news until your brother tells you to brace yourself for the IRS to take its cut. Will you have to pay…