Tag: Tax

CLE on Using Energy Tax Credits to Benefit Your Clients

A client walks into your office. Due to some bad investments, she has been forced to file bankruptcy. Making her situation even worse, she still owes $100,000 to the IRS… and according to the bankruptcy code she must pay in cash and reorganization is not an option. Energy Tax Credits  There is a great deal of opportunity for your clients with tax…

CLE Course: How to Negotiate with the IRS

There are few things that inspire more fear in adults than three little words… Internal Revenue Service. We have all heard the horror stories of the IRS levying checking accounts, shuttering & selling businesses and even putting taxpayers in jail in the most extreme cases. However, while the IRS is an extremely powerful entity, most of what our clients fear is more…

CLE Course on 1031 Exchanges

Even the most lucrative sale of investment property includes one major downside… taxes!! But what if you don’t sell the property – and you exchange it instead? A properly structured 1031 exchange allows investors to sell investment properties and reinvest the proceeds in a new property, all while deferring capital gains taxes. 1031 Exchanges Like anything having to do with the IRS…

CLE on Common Issues in State Tax Practice

State taxation issues are extremely difficult to deal with – far more so than dealing with IRS tax issues. It is an incredibly vast subject and very few legal practitioners are skilled in this practice area because it requires a high knowledge bar. And even for a skilled tax practitioner, there are always new challenges, problems and issues that arise in everyday…

Avoiding IRS Audit Red Flags

It’s that time of the year again… Tax season! For all of you attorneys out there filing your personal and business taxes you want to make sure that you are avoiding the main red flags that could possibly get you audited. As we all know, certain items on a taxpayer’s tax return stand out as red flags to the IRS agents responsible…