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Archive for the Tax Law Category

The Equifax Data Breach and Steps to Stay Safe

From the Desk of Michael T. McCormick The Equifax Data Breach and Steps to Stay Safe Equifax discovered a data breach on July 29, 2017 through a flaw in a tool designed to build web applications called “Apache Struts”, which is used by many large businesses and […]

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Tax Relief for Victims of Hurricane Irma

From the Desk of Lauran L Stevenson Tax Relief for Victims of Hurricane Irma Hurricane Irma left record breaking damage in its wake, leaving many taxpayers in uncertainty for the coming months. President Trump has declared that major disaster areas exist in Florida, the U.S. Virgin Islands, […]

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IRS Tax Relief in the wake of Hurricane Harvey

From the Desk of Lauran L Stevenson IRS Tax Relief in the wake of Hurricane Harvey On Tuesday, the IRS made an announcement outlining several relief provisions for victims of Hurricane Harvey. One of the relief provisions will allow for any employee to forgo vacation time, sick […]

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Happy Labor Day!

From the Desk of Lauran L Stevenson Happy Labor Day! Labor Day was created to celebrate “the contributions workers have made to the strength, prosperity, and well-being of our country.” It was celebrated in over 30 states before it was proclaimed as a national holiday in 1894. […]

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Defining Your Charitable Contributions

From the Desk of Lauran L Stevenson Defining Your Charitable Contributions In recent years, there has been an influx of options available for charitable giving and gift giving to online groups or organizations. There are many examples of fundraising apps and websites where individuals, groups or charities […]

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IRS Data Mining: Social Media

From the Desk of Lauran L. Stevenson IRS Data Mining: Social Media We are all aware that big companies collect our information to market better. There are other organizations, such as the IRS, who are data mining our social media accounts to gather more information on taxpayers. […]

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The IRS’ Heavy Reliance on the Online Account Benefits

From the Desk of Lauran L. Stevenson The IRS’ Heavy Reliance on the Online Account Benefits In December of 2016, the IRS launched a new taxpayer service that is supposed to assist taxpayers “with straightforward balance inquires in a safe, easy and convenient way.” The tool is […]

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Denial or Revocation of Passports Impairs Taxpayer Rights

From the Desk of Lauran L. Stevenson Denial or Revocation of Passports Impairs Taxpayer Rights Delinquent tax debt is defined as “unpaid, legally enforceable federal tax liability of an individual.” According to the Taxpayer Advocate Service (TAS), several taxpayer rights can be impacted by the IRS’ certification […]

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The New Illinois Tax Hike

From the Desk of Michael T. McCormick The New Illinois Tax Hike Illinois budget legislation has been enacted over Gov. Bruce Rauner’s veto that increases corporate and personal income tax rates, creates an income and personal property replacement tax addback for the federal domestic production activities deduction […]

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Taxpayer Advocate Service Mid-Year Report to Congress

From the Desk of Lauran L. Stevenson Taxpayer Advocate Service Mid-Year Report to Congress This week’s post will introduce the Fiscal Year Objectives Report to Congress. This report presents a review of the 2017 Filing Season and identifies the priority issues (“Selected Areas of Focus”) the Taxpayer […]

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