Understanding IRS Tax Penalties
Tax penalties can lead to many sleepless nights for taxpayers who owe the Internal Revenue Service (IRS). Delinquent taxes are one thing, but IRS tax
Tax Audit
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What Triggers an IRS Audit?
These are some of the top IRS audit triggers that could cause a closer look at your return. See our IRS Audit Survival Guide for more info.
May 21, 2021
How Far Back Can the IRS Audit You?
Normally, the IRS can go back 3 years to audit you, but they can sometimes go back 6 years or indefinitely. Learn why from our tax lawyers.
May 21, 2021
How the Section 1202 Exclusion Can Save Millions in Taxes
The Qualified Small Business Stock (QSBS) tax exemption is a very powerful tax saving tool for those who qualify—it can
May 10, 2021
Did You Receive IRS Letter 6174, 6174-A, or 6173?
If you received an IRS crypto warning letter, you should call us sooner rather than later.
August 25, 2020
Audited by the IRS: What to Do Next
First, don’t panic. If you got a letter from the IRS, are freaking out, and need to speak with someone, get in touch with our experienced tax lawyers.
February 13, 2020
If Your Business Uses Venmo, Read This Now
Why is Venmo Blowing Up? Released by PayPal in January 2018, Venmo’s instant, person-to-person transfer feature is becoming more and
January 23, 2020
Crypto Tax: New Form 1040 Include Cryptocurrency Section
The Internal Revenue Service released a new Form 1040 draft — and Schedule 1 (Additional Income and Adjustments to Income)
October 18, 2019
IRS Letter 6174-A: Uncle Sam is Officially on the Hunt for People Not Properly Reporting Crypto Transactions
Not to be those people…but we told you so. Cryptocurrency Tax Letter 6174-A: IRS on the Hunt for Virtual Currency
July 15, 2019
FBAR Case Law: A Cautionary Tale About Not Reporting Offshore Accounts To the IRS
Gather round ye taxpayers with offshore banking and investment accounts! Here’s a cautionary tale about not submitting a FinCEN Form
March 14, 2019
Tax Law: IRS Will Scour Social Media To Catch Tax Evaders
If you’ve failed to report side business income on your tax returns, it’s time to review your social media marketing
January 10, 2019
Protesting IRS Audit Results: IRS Appeal
Do you disagree with your IRS income tax audit results? Good news: You can protest — a.k.a, submit an IRS
August 21, 2018
Illinois Sales Tax Audit: What You Need To Know
Did authorities select you for an Illinois sales tax audit? Are you preparing for the possibility? Either way, we’re here
August 13, 2018