Tax Attorney Blog

The “Better” Tax Lawyer

On April 23rd, 2014, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

I think the old saying about lawyers is wrong:  “A good lawyer knows the law well; a better lawyer knows the judge well.”  Apart from insulting the impartiality of judges, this observation assumes the “better” lawyer has to go to court to win.  In this case, he triumphs because he and the judge are friends...

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Good Isn’t Always Good Enough

On June 24th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Tax professionals – accountants, enrolled agents, and lawyers – are no different than any other person. When they make a small mistake, they move on, confident that the error can be rectified without serious consequence. Getting it right 99 percent of the time is a pretty admirable record…most people would say. But here’s what you..

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Don’t Let the State Take Your Driver’s License

On June 17th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Good tax policy says that the broadest expanse of our citizenry should pay their fair share of taxes. Bad tax policy enforces the idea of a shared burden in a heavy-handed manner. A wide variety of professionals – including architects, barbers, electricians, engineers, lawyers, and even accountants – have found themselves unable to work when..

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Streamlined Installment Agreements

On June 10th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Bestowed by the “Kinder, Gentler,” IRS, the Streamlined Installment Agreement promised to help taxpayers who owe less than $25,000 quickly reach a resolution of back tax debt. Hidden in its benevolent promise, however, is a trap waiting to sink those who dial the IRS’ toll free telephone number and sign up. Under regulations updated in..

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Pesky OIC’s

On May 26th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Government statistics for Delinquent Collection Activities have shown that the IRS rejects more than three of every four Offers in Compromise. The IRS accepted only 11,000 of 52,000 of Offers in Compromise submitted in 2009. Even though the government is strapped for funds, the IRS accepted a mere 21 percent of people trying to get..

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Addicted To Audits

On May 6th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Almost daily the media reminds us that small business drives the American economy.  The IRS is listening, and with increasing zeal has hitched a ride on the small business engine. Statistics have shown that the IRS Examination Division – the army of feared auditors – focuses on small business owners with positive incomes between $100,000..

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The Dangers of Misclassification

On April 26th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

Faced with a recession that just won’t quit, small businesses have been finding ways to sneak into loopholes, clearing $50,000 to $100,000 of net profit without having to develop a new product or win new customers.  To a small business owner, that can mean the difference between years of sweat equity or the start of..

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Know How to Fight the IRS Consequences of Identity Theft

On February 20th, 2013, posted in: Tax Attorney Blog, Tax Knight Blog by 0 Comment

When it comes to taxes, there’s nothing more disappointing than tearing open your IRS refund letter and instead of finding a check there’s a bill for several thousand dollars.  Surprise – you forgot to claim some self-employment or interest income.  The IRS picked it up when the company or person who paid you sent in..

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