Empowering You with legal Knowledge

The recent terrible event in Allen, Texas, has prompted several conversations with friends and family related to safety, security, and estate planning. These conversations have yielded several questions and inquiries that I have distilled into a 10-part series: Estate Planning Considerations...

Forensic accounting is a specialized form of financial investigation that uses accounting principles to detect and prevent fraud. It combines the principles of auditing and analysis to uncover potential financial irregularities and illegal activity. As a result, forensic accounting is an...

The Offer in Compromise (OIC) is one of the few programs available to taxpayers that can allow them to settle their federal tax debts for less than the full amount owed. Many taxpayers are probably familiar with hearing ads for settling IRS debt for “pennies on the dollar.” However, the OIC is not..

For small business owners, the risk of financial fraud is always a concern. To protect your company and its finances, it’s important to be proactive with forensic investigations. These investigations uncover fraud and provide operational controls and solutions that will help you prevent future...

Cryptocurrency has become an increasingly popular asset in the last several years, especially as the value of Bitcoin and other cryptocurrencies skyrocketed. In recent years, cryptocurrency is a hot topic and regularly discussed, as more people invest. Accordingly, it’s important for taxpayers to...

The Foreign Bank Account Report (FBAR), FinCEN Form 114a, is an important document for taxpayers who own or have signature authority over a foreign financial account. The FBAR must be filed annually with the Financial Crimes Enforcement Network (FinCEN), and it provides critical information about...

The U.S. federal tax system is complex and ever-changing. With the right guidance, you can take advantage of the many legal services available to taxpayers that can help you save money and stay compliant with the law. In this blog post, we’ll take a look at five essential services all taxpayers...

It’s never too early to start preparing for taxes. Knowing the important deadlines in advance is key to having a stress-free tax season. With “Tax Day” inching ever closer, taxpayers should be aware of multiple deadlines throughout 2023. Individuals and businesses should review the list of major...

Filing taxes can be a stressful process for many individuals, especially when the tax deadline is just under 10 weeks away. Taxpayers may face even more stress when dealing with the Internal Revenue Service (IRS) outside of tax season. Why? Taxpayers may receive various types of notices, undergo...

Filing a federal income tax return can be a daunting task. But, if you’re not careful, your audit risk could increase significantly. Let’s look at some of the factors that could put you at greater risk for an audit and how to reduce your chances of being audited by the IRS...

The Internal Revenue Service (“IRS”) is the government agency responsible for collecting federal taxes. When taxpayers are unable to pay, the IRS may levy or lien their assets to collect unpaid taxes. In this blog post, I will discuss what levies and liens are, how they are different from each...

As President Joe Biden stated on April 28, 2023, this year's Law Day theme is "Cornerstones of Democracy: Civics, Civility, and Collaboration." This theme emphasizes the crucial role each of us plays "in defending democracy and [preserving] the guardrails that make it possible."