IRS Problem Solver Attorney Mary King Discusses New Issues For Filing 2014 Tax Returns
Jan 12, 2015
Attorney Mary E. King appeared on the talk radio show Money For Lunch to discuss new considerations taxpayers must deal with when filing their 2014 tax returns.
Chief among the concerns were the changes made to many tax forms to include additional information for the implementation of the Affordable Healthcare Act often referred to as ACA or Obamacare.... read story...
Tax Attorney Mary King Wins Two Awards At The EXPYS
May 12, 2014
IRS Tax Relief Attorney Mary King has Won Two Awards at The 2014 National Association of Experts, Writers and Speaker Awards.
Attorney Mary King With Kevin Harrington of "Shark Tank"
Mary King, owner of the Law Office of Mary King P.L. In Sarasota Florida, received an Award for her contribution as an expert author of Protect And Defend. In the bo... read story...
Florida Tax Attorney Mary King Joins Elite MasterMind Group, The X-Group
May 08, 2014
Mary King, attorney and tax lawyer, was recently selected to be a part of the exclusive “X-Group” – a new Dicks + Nanton Ultimate Celebrity Expert® Mastermind group.
Sarasota, Fla. – May 8, 2014 – Best-selling author Mary King, a tax attorney and frequent public speaker for civic organizations, is proud to announce that she has been accep... read story...
Florida Tax Attorney Mary King Now Taking IRS Criminal Defense Cases
Mar 01, 2014
Sarasota Florida Based IRS Tax Defense Attorney Mary E. King Esq., has expanded practice areas to include representing clients for criminal tax cases.
The IRS resolution law firm Law Office of Mary King P.L. Has added to it's list of tax-related practice areas and will be accepting new cases for individuals and businesses with criminal tax problems. Th... read story...
IRS Problems? The Law Office of Mary E. King, P.L. is your Solution
The IRS is not an agency of which most people speak favorably. They are a source of fear and anxiety for many. The tax problems that people face, for the most part, are avoidable and cause unnecessary stress in their lives by avoiding them.
My name is Mary E. King and I am more than just a tax lawyer who has a solution and plan for your tax problems, but I am here to help, counsel and educate you on how to better handle your taxes in the future.
I began my journey in 1988 at the University of Florida where I earned a Bachelor of Science in Business Administration Degree. In 1990, I studied at Babcock Graduate School of Management (at Wake Forest University) where I earned a Master of Business Administration Degree in Finance. Finally, in 1993 I graduated from Stetson University's College of Law and began my career as an attorney.
While tax defense representation has been the majority of my focus, I am well versed in all aspects of tax law. The services of my law office can be broken down into 3 main areas of tax strategy.
1. IRS Tax problems.
There are a multitude of IRS tax problems that... ...read full post
Undisclosed Foreign Assets? The IRS is Coming For You.
If you have assets in an offshore bank account, you more than likely know the name Bradley Birkenfield. Once a banker for the Union Bank of Switzerland (UBS), Birkenfield cooperated with the IRS and the US government giving them information for approximately 19,000 clients and assets totaling $19 billion US dollars. Birkenfield served 40 months in a federal prison for his involvement in helping his clients evade taxes.
When released from prison, he was compensated $104 million dollars for being the first person to officially expose Swiss bank accounts for what the IRS suspects they may be - a haven for tax evaders.
As a direct result of Birkenfield's cooperation, the IRS developed a program to entice taxpayers with offshore accounts to willfully come forward without fear of criminal prosecution and potential imprisonment for tax evasion. That program is called the Offshore Voluntary Disclosure Program (OVDP).
Since the program's inception, the IRS has made adjustments and changes to what it offers. In fact, it's not even certain how long this program will be an option. Not to mention that the IRS' power, authority and access to taxpayer information increases by the day. They almost constantly gain new ways to gather... ...read full post
5 ways the IRS can (and will) destroy your life if you avoid them
Procrastination is a way of life for many people. For some, it's the mundane and simple annoyances that are avoided. It's washing their dirty car. It's sorting through and condensing their email inbox that's overflowing. Or maybe it's not annoying at all and it's something like catching up on their favorite tv show. For others, it tends to be more substantial of an avoidance and one that can radically change their lives.
I'm talking about procrastinating with taxes.
There is no avoiding the IRS. It's impossible. Whether you embrace this idea sooner rather than later is completely up to you. If the IRS is on your list of things to procrastinate, my advice to you is to take them off immediately.
Here are 5 ways the IRS can ruin your life if you procrastinate filing and/or paying your taxes.
1) Direct financial penalties.
First of all, penalties with the IRS are "stackable" which means one does not void the other one out. If you filed late, you get a penalty. After you file, if you pay late, you get a penalty on top of that. So on and... ...read full post
International Agreements Turning Up Pressure For Offshore Bank Account Disclosure
The IRS and U.S. Justice Department, now more than ever, due to a the combined efforts of willful witnesses, whistleblowers, and data from the Foreign Account Tax Compliance Act (FATCA, are able to track down offshore accounts. Offshore account holders have been warned that they either disclose now or face severe consequences. Banks all over the world now want to know if account holders are in compliance with the IRS. It is easier to be discovered by the IRS. The list of accounts that are facing costly penalties has expanded considerably. As of 2016, with the help of these offshore account programs,the IRS has collected over $8 billion in taxes and penalties.
It is becoming increasingly difficult for offshore account holders to go unnoticed from the IRS. Under FACTA, the U.S. and partnering territories now have an complicated web of intergovernmental agreements (IGAs). The IRS now has an updated and expanded list of foreign banks with a cost-prohibitive 50% penalty (formerly 27.5%) with the Offshore Voluntary Disclosure Program (OVDP).
Since 2009, the OVDP has offered offshore account holders with undisclosed income, the opportunity to get up-to-date with their taxes and other pertinent tax information. The OVDP encourages taxpayers to cooperate... ...read full post
8 Tips To Keep Your IRS Problem From Getting Worse
If you’re in trouble with the IRS, it’s important to address the issue head-on, and not allow the problem to get any worse. Mary E King has been a tax attorney for over 20 years, and these are the common mistakes that she sees folks make that only makes their problems worse:
1) Open Your Mail
As soon as you get something in the mail from the IRS, open it. I know, I know, it’s not easy. But letting mail from the IRS stack up on your desk or kitchen table unopened can be one of the worst mistakes you can make. Chances are very good that they’ve given you a deadline to respond, and if you don’t respond, things will get worse. It may seem a little scary, but it’s better to know exactly what’s going on at all times. If you open your mail from the IRS and it’s a letter that’s threatening to garnish your wages, put a lien on your property, or levy your bank account, download the free report called “The 5 Things You MUST Do IMMEDIATELY If You've Received a Threatening... ...read full post