The Employee Retention Tax Credit (ERTC) is a federal program aimed at helping eligible businesses keep their employees on payroll during the COVID-19 pandemic. While the program has been immensely helpful for many organizations, it has also drawn the attention of the IRS. Unfortunately, many less-than-ethical companies sprung up overnight to take advantage of ERC […]
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Owe Back Taxes? Everything You Need to Know
IRS back taxes creep up on unsuspecting individuals who haven’t settled their dues with the Internal Revenue Service (“IRS”) or state taxing authority by the due date. These liabilities can be income taxes, payroll taxes, self-employment taxes, and more, even encompassing taxes assessed during an IRS audit. When taxes are not paid, the IRS unsheathes […]
From Distressed Properties to Tax Distress: Uncovering the Lavish Lifestyle of a Real Estate Mogul’s Tax Fraud
Unmasking the Master of Distressed Properties Robert Anthony Di Giorgio, Sr., was a real estate guru who turned distressed properties into goldmines. But this high-rolling, jet-setting tycoon wasn’t just hiding renovation secrets – he was also hiding a fortune from the taxman. Between 2005 and 2007, Di Giorgio failed to report a substantial portion of […]
Charles Lin & Amy Lin
https://www.courtlistener.com/opinion/9385539/charles-lin-amy-lin/ Background Charles Lin and Amy Lin, a retired couple residing in Virginia, filed their 2019 federal income tax return. On their return, they reported $4,010 in dividends, $50,629 in taxable retirement benefits, and a rental real estate loss of $8,189. The rental loss was from a room that the couple rented out to a […]
Offer in Compromise Pre-Qualifier Tool
Tax problems can happen to almost anyone. Perhaps you got behind on your estimated payments as a self-employed individual, or you withheld too little from your paycheck, and now owe thousands of dollars to the IRS. Whatever the case may be, if you are having trouble paying off your tax debt, you may be able […]
