What is considered intangible property and how is the sale or transfer of intangible property taxed?  Intangible property could be considered personal property that has a value to it, but the property cannot be seen or touched.  Thus, in regards to intangible property consider property such as the goodwill from a business, which would be...Read More

What property does an IRS tax lien attach to?  As a tax attorney, I am asked many questions regarding tax liens, and one such question is, what property does the tax lien attach to?  The article below has been prepared to provide additional information regarding the above question.  As always, you should discuss your particular...Read More

If you are experiencing problems with the Internal Revenue Service, you may want to consider hiring a tax attorney to represent you before the IRS.  The IRS procedure and current tax code can be confusing and scary to individuals and businesses that are not familiar with it.  Thus, hiring a tax attorney may save you...Read More

If the Internal Revenue Service has filed a tax lien against me, what are my rights as a taxpayer?  Because a tax lien filed by the IRS can have many negative implications, it is very important that you understand your rights as a taxpayer when the IRS files a Notice of Federal Tax Lien.  The...Read More

The United States Tax Court is a federal trial court and hears cases relating to federal tax matters prior to the additional assessment of tax by the Internal Revenue Service.  It is important to note, that a taxpayer does not need to pay the tax prior to bringing their case before the US Tax Court,...Read More

Who qualifies for the Earned Income Tax Credit?  Does my child qualify for the Earned Income Tax Credit?  As a tax attorney, these are common questions I am asked.  Furthermore, as a tax attorney, it is quite often I see a taxpayer improperly claim a child for purposes of the Earned Income Tax Credit. To qualify...Read More

If you have an issue or matter with the IRS, you may wonder what your options are to resolve such issue.  Thus, what is an IRS tax resolution and what resolution options are available?  The article and video below have been prepared by a tax attorney to provide their opinion regarding what is an IRS...Read More

How is the purchase price or monies paid for a business allocated?  When a business owner sells their business for a lump sum amount, the sale is considered a sale of each individual business asset as opposed to one single asset.  Of course, this would not necessarily apply if the exchange or transfer was considered...Read More

Receiving a notice from your bank or the Internal Revenue Service that your bank account has been levied can be scary, confusing and frustrating.  Moreover, in addition to the money levied by the IRS from your bank account, the bank levy can cost you considerable money in bank fees and/or overdraft fees if the bank...Read More

What is a Schedule E?  A Schedule E is where a taxpayer will state supplemental income from rental properties and income from pass through entities such as a Limited Liability Company (LLC), S Corporation or other partnership. In terms of income from a rental property, a taxpayer will use Schedule E to report each property...Read More