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Restaurant Owners Charged With Hiding Cash Receipts

Owners of a popular River Grove, Illinois Italian restaurant were recently charged with tax evasion after not reporting hundreds of thousands in cash receipts. According to a report in the Chicago Tribune, the father and son owners of Da Luciano…

January 10, 2018

Can I Avoid Paying Back Taxes by Declaring Bankruptcy?

There are several different types of bankruptcies, including a Chapter 13 (repayment plan for individuals), a Chapter 11 (repayment plan for businesses) or a Chapter 7 (liquidation). In a Chapter 13 or a Chapter 11, the taxes are typically paid…

November 21, 2017

Grand Jury Indicts Two Business Owners Related to Employment Taxes

Two business owners were recently indicted by a federal grand jury for allegedly conspiring to defraud the government, for failing to pay over employment taxes and for obstructing the internal revenue laws related to their operation of a temporary employment…

April 04, 2017

IRS’ Response to Government Report Both Good News and Bad News for Employment Tax Delinquents

According to a recent report by the Treasury Inspector General for Tax Administration (TIGTA), the IRS should allocate more resources to combat the increase in egregious employment tax noncompliance. When a business has employees it is required to file employment…

April 04, 2017

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IRS Cracks Down on Unpaid Employment Tax

If you are a regular reader of this blog, you are aware that the IRS and the United States Department of Justice are now vigorously pursuing employment tax violations and are taking a much stricter position on civil and criminal…

January 13, 2017

Chicago Tax Lawyer Patrick T. Sheehan Scores Double Win at the IRS

A recent business client of Chicago Tax Attorney Patrick T. Sheehan & Associates had not filed its Forms W-2 or W-3 with the Social Security Administration for one year.  As a result, the IRS assessed a Civil Penalty against our client…

January 13, 2017

IRS Launches New Professional Employer Organization Certification Program

Does your business use a professional employer organization (PEO)? If yes, we suggest that you inquire as to whether your PEO is certified by the IRS.  A professional employer organization (PEO) leases its employees to your business.  The PEO is…

September 12, 2016

Business Deductions Disallowed For Lack of Proof

If you are a business owner with business expenses, you must keep accurate records of your business income and business expenses in order to claim them on your tax returns. In a recent case before the United States Tax Court,…

July 18, 2016

Emancipation Day 2016 Causes the IRS to Erroneously Assess Payroll Tax Deposit Penalties

The IRS recently announced that it erroneously assessed payroll tax penalties, even though the federal tax deposits were made by the April 18, 2016, deadline.  Because Emancipation Day in 2016 fell on April 18 instead of April 15, failure to…

June 01, 2016

The IRS Whistleblower Office Helps Government Collect Half a Billion Dollars

  According to the IRS Whistleblower Office annual report, 2015 was a big year. Nearly 100 awards were made to whistleblowers, totaling more than $103 million.  The payments made in 2015 are nearly what the Whistleblower Office paid out during…

February 15, 2016

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