By Kelly Hanley, Esq., Chicago Tax Attorney Tax law is replete with complexities and nuances, a reality starkly illuminated in the recent case of Cortez v. IRS. This case offers lessons for taxpayers and underscores…
Hey, you up? Yeah, I figured. It’s that 3 a.m. dread, isn’t it? The one where you’re lying in bed, staring at the ceiling, and your brain decides to throw a rave party, headlined by…
By Kelly Hanley, Esq. Many of us may imagine the IRS as a relentless hound, tirelessly sniffing out any trace of unfiled taxes, irrespective of their age. But is this depiction accurate? Is there a…
Farhy v. Commissioner decision limits the IRS’s power to impose penalties for failure to file or filing late Form 5471 In a recent U.S. Tax Court opinion, Alon Farhy v. Commissioner, 160 T.C. 6 (Apr….
If you find yourself thinking, “I haven’t filed taxes in 10 years. What do I do?” you’re not alone. Many people find themselves in this situation for various reasons, such as financial hardships, disorganization, or…
Unfiled tax returns are a common issue that many people face, but you shouldn’t ignore the problem. If you’ve missed the deadline for filing your tax return, you may be feeling overwhelmed and unsure of…
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….