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Do you have unpaid personal or business liability?

The IRS levied on a bank account belonging to a landscape company and froze over $19,000.00 in that account. Landscape businesses are seasonal and are just starting to operate as spring arrives. With no money, the business could not operate,…

April 26, 2012

Do you owe money to the IRS that you cannot pay?

What do you do if you owe money to the IRS but cannot make any payments because your income has gone down? One of our clients owes over $100,000.00 to the IRS but recently lost his high paying job. Because…

April 25, 2012

Can you claim your hobby is really a business?

Do you like to race cars or ride horses? Those are some expensive hobbies. So why not claim that your hobby is really a business in order to deduct the costs associated with that hobby? Brilliant idea, right? The IRS…

April 24, 2012

Avoid The Temptation To Not Report Cash

People who earn their income in cash are still obligated to honestly and accurately report that income on their tax returns. Although the temptation to not report cash is huge, failure to file honest tax returns reporting all sources of…

April 23, 2012

The Doctrine Of Innocent Spouse: Part 2

Yesterday we began talking about a defense called the doctrine of Innocent Spouse. Please refer to yesterday

April 20, 2012

The Doctrine Of Innocent Spouse: Part 1

Today and tomorrow we talk about something called the doctrine of Innocent Spouse. Innocent Spouse is typically claimed where one spouse is at home or working elsewhere and the other spouse is typically self employed. They file joint returns together…

April 19, 2012

Has your identity been stolen?

One of our clients neglected to file his tax returns for several years. What he did not realize is that somebody had stolen his identity and began working under his name and Social Security number. Worse yet, the thief then…

April 18, 2012

Tax Day Is Today

Ahhh, tax day. Your federal and state Form 1040 tax returns are due today. Either you are breathing a sigh of relief because your returns are already filed or you are rushing around like crazy trying to meet the deadline….

April 17, 2012

Federal & State Tax Returns Are Due Tomorrow


April 16, 2012

Are you a business owner affected by the trust fund recovery penalty?

On March 29, 2012, the government was granted summary judgment in a case where the IRS was given the go-ahead to personally collect Trust Fund taxes from a business owner. The business owner ran a limousine service and had employees….

April 13, 2012

Chicago Area Tax Attorneys

Speak With A Tax Attorney


Chicago Tax Attorneys

314 North York Road
Elmhurst, IL 60126
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American Society of Tax Problem Solvers

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