Woodstock, IL
Business Lawyer at Woodstock, IL
Practice Areas: Business, Tax ... +2 more
OUTCOME: $0.00 tax liability. Client victory
Auto dealership's 2014 1120 return was audited by the IRS. There were several concerning issues that could have resulted in an estimated $500,000 $1 million busness tax liability from changes proposed ... from the IRS examination.
OUTCOME: Victory for client - $0.00 taxed owed
Daughter was asssessed $450,00 of federal income tax. The liability was the mother's business liability. The IRS sought collection of the taxes from the daughter. The IRS conceded to our position th ... at the daughter was not liability for the tax debt.
OUTCOME: Settled for $500
Settled a $130,000 federal income tax liability for a single mother for $500 with the Internal Revenue Service
OUTCOME: Pending
Representing Illinois engineering company in its federal lawsuit and claim for refund against the Internal Revenue Service (IRS) for $400K+ of FTP and FTF penalties denied at IRS Appeals level.
OUTCOME: Settled $170,000 debt for $1,000; and $60,000 for $2,500
Less than 1% of all Offer in Compromises filed under the basis of effective tax administration (ETA) are accepted by the IRS every year. In 2012, I successfully obtained two (2) ETA Offers from the IR ... S whereby my client paid $1,000.00 on a $170,000 liability, and a $2,500 on a $60,000 income tax liability
OUTCOME: An approximate savings of $3.5 million
I was able to save my corporate client (which owns nearly 24 national franchise restaurants) an estimated $3.5 million in corporate income tax as a result of an audit that resulted in a disqualified S ... corporation election. The IRS took the position that the corporate had operated a C corporation from its inception and, as a result, faced a substantial federal tax liability. I successfully obtain a Private Letter Ruling from the IRS permitting my client to make a late QSub election.
OUTCOME: Client was not liable for an approximate liability of $60,000.
President and 90% shareholder of a well-known AZ bar & grill was assessed the trust fund recovery penalty (a/k/a civil penalty) related to unpaid 941 employment taxes.
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