Tax Planning – Macon County, Illinois Tax Law Firm

We are experienced and have expertise in the areas of business and commercial transactions, including where there are multiple entities as well as multiple shareholders/partners. We provide representation regarding the economics of contemplated transactions, including ensuring that clients are aware of tax consequences that may arise, including in the future, in regard to transactions. We have experience in handling the sales of businesses, real estate investments, commercial properties, professional practices, etc.

We can help you with tax problems, including, but not limited to, liens against property, levies against wages, Offers in Compromise, payroll tax problems, representation prior to and during audits, penalty abatement, bankruptcy advice, innocent spouse protection and filing delinquent tax returns, including for those who have not filed for one year or for many years.

Tax Returns Not filed for Years – Blake Law Group, P.C. Larkdale, Illinois Tax Lawyers

We represent many taxpayers who have not filed federal and/or state tax returns for many years. Sometimes there are unusual or even catastrophic events that occur in one’s life. For many reasons, those events can cause persons not to file tax returns. By not filing in any given year, that can exasperate the anxiety and pressure an individual may be experiencing. Sometimes tax returns are not filed in subsequent years, after a year is missed, because of the very real concern that by filing tax returns, after tax returns have not been filed for a year or more, that may lead to the discovery and consequences associated with tax returns not being previously filed. All the while, taxes, penalties and interest continue to accrue.

Levies Against Employers/Bank Accounts – Blue Mound, Macon County, Illinois Tax Law Firm

We are often hired by clients who have tax problems and who may receive notices of levy of federal and/or state taxes against their employers or bank accounts. In many instances, there are exigent circumstances and not much time to act. The employee is concerned with keeping his or her job, how much may be taken and their finances in the event they do not receive their normal paycheck. We generally work with the taxpayer to explore options that may be available including working with the federal and/or state tax agency in regard to the underlying tax liabilities.

Amended Tax Returns – Forsyth, Argenta, Macon County, Illinois Tax Law Attorneys

Our tax system is based on self-assessment. That means each of us are responsible for computing taxes, filing tax returns and paying tax liabilities. Sometimes, for various reasons, tax returns are not prepared properly or all legitimate deductions are not taken, or taxes can be overstated. If not paid, this can also result in additional accruals for interest and penalties. With any tax case, we work with the taxpayers to make sure tax returns are correct. If tax returns are not correct, depending on the facts and circumstances, we discuss filing amended tax returns with the client.

Doubt as to Collectability/Doubt as to Liability – Mount Zion, Macon County, Illinois Tax Law Firm

Sometimes resolutions can be reached in regard to tax liabilities, including taxes, penalties and/or interest, based on doubt as to collectability and/or doubt as to liability

Bankruptcy and Taxes – Harristown, Warrensburg, Macon County, Illinois Tax Lawyers

We are often consulted regarding tax liabilities as same may be impacted by bankruptcy. Sometimes these cases have to do with individuals where there are tax liabilities claimed due and owing, even after a bankruptcy has been filed. In some cases, bankruptcies are dismissed, including Chapter 13 bankruptcy cases, with tax liabilities still claimed due and owing. In other instances, there can be successful completion of bankruptcy cases, but with tax liabilities still claimed owed. We have also conferred with individuals regarding discharging tax liabilities. In those instances, our analysis includes the type of tax, whether or not certain kinds of penalties have been asserted, the conduct of the taxpayer and many other variables.

Audits – Southern Illinois Tax Attorneys

We provide representation in preparation for and representation at audits, both federal and state. This usually includes working with the taxing agency in regard to deciding what documents or information to produce, the actual production and review of documentation and information and providing an interface or Ago between the taxing agency and the client. In certain situations, depending upon the circumstances, it may not be recommended that there be direct contacts between the taxing agency and the taxpayer, at least initially, and until there is some control over the case and potential consequences are properly evaluated.

Breached Installment Payment Arrangements – Attorneys Handling Cases with Internal Revenue Service and Illinois Department of Revenue

We have represented clients over the years in regard to installment payment arrangements, including breach of installment payment arrangements, or situations where promises have not been kept that have been made to the taxing agencies. These situations often involve the taxing agency making demand for immediate payment, or proceeding with wage garnishment (employer), non-wage garnishment (bank accounts), etc.

Criminal Tax Cases – Federal Tax Cases and State Tax Cases in Southern Illinois

We have represented taxpayers over the years in regard to criminal tax prosecutions, both at the state and federal level. With respect to criminal tax cases, the prosecutor has to show a taxpayer is guilty beyond a reasonable doubt to sustain the burden of proof. Therefore, the initial actions by the taxpayer, as well as decisions being made regarding whether or not there is going to be cooperation, can be critical for the client, including analyzing matters that may not be of apparent immediate importance. Criminal tax cases at the state level often have to do with income tax, sales tax, use tax, and/or withholding tax. In many instances, taxpayers have had issues that extend over a number of years. Criminal tax cases at the federal level in many instances involve income taxes or employment taxes. In some situations, there are both federal and state tax issues for the same years, depending on the taxpayer and the circumstances.