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...
Different Types Of IRS Audits Require Different Preparation
Dealing with IRS audits and all of the baggage that comes with them is an exceedingly difficult task for practically anyone, especially since there are many different types of IRS audits. Each of these audit types require different preparation techniques. Through different settlement programs and legal defense angles, your IRS debt issues can be properly addressed and successfully closed. Here is a closer look at how different types of IRS audits require different preparation.
When you are faced with an audit, it's important that you're well prepared. A field audit may just be the most daunting of the many types. The reason for this is that the IRS will visit you at your office or home. It's important to note that the audit isn't limited to a certain amount or type of items. While these types of audits are rarer than the others, they occur because the IRS is specifically looking for something and are practically certain that they will find it. Legal representation is essential when preparing for a field audit.
Audit Through Correspondence
A correspondence audit... ...read full post
How to Stop an IRS Tax Levy
An Internal Revenue Service (IRS) notice of intent to levy is a last-resort collection method to shock and scare delinquent taxpayers into paying overdue taxes, but if they cooperate, even if they can't pay, they can stop a levy from going into effect and sometimes even reduce the arrearages or at least make tolerable arrangements to pay them over time.
Pre-Levy IRS Procedure
The Fifth Amendment of the Constitution prohibits the IRS from taking taxpayer property without due process of law. To comply with this prohibition, the IRS must notify the taxpayer of the impending levy and grant an opportunity to be heard about it. The IRS must send the taxpayer a notice "given in person, left at the dwelling or usual place of business of such [taxpayer], or sent by certified or registered mail not less than 30 days before the day of the first levy." [i]
The notice must include "in simple and nontechnical terms the right of the [taxpayer]... ...read full post
Mistakes on Tax Returns Can Be Costly - Here Are A Few To Avoid
The holiday season is over, and many people are starting to think about taxes. With the annual changes in tax law, it is easy to feel intimidated and procrastinate to the point of being rushed, which makes it more likely that mistakes will occur. According to the Internal Revenue Service (IRS), the following errors are the most common.
While most people do not misspell their own names, they do misspell the names of wives, husbands and other dependents. A good rule of thumb is to use names exactly as they appear on Social Security cards. If the Social Security information is wrong, it should be corrected as soon as possible.
Incorrect or Missing Social Security Numbers
This error usually occurs because of fast typing or inattention to detail. All numbers should be double checked before filing the return.
Wrong Filing Status
The IRS provides five distinct filing statuses, and it is vital to choose the correct one. They are Single, Married Filing Separately, Married Filing Jointly, Head of Household and Qualifying Widow or Widower With Dependent Child. Every taxpayer must choose a filing status that matches the current life situation. Under state law, if a person is married on December 31 of the tax... ...read full post
Tax Deductions For Business Gifts - Limits And Guidelines
The tax code is clear - there is a cap on how much you can deduct per business gift. Right now the maximum allowance for any single business gift is $25 per recipient.
Obviously, many business gifts or multiple gifts to any single client or business partner might exceed that amount, but right now the IRS only permits a maximum of $25 tax deduction for any given recipient. Furthermore, the IRS regulations stress that this $25 cap is per individual, not the gift themselves. Therefore if you reward a faithful customer with three business gifts over the course of a year for a total of $75, you are only permitted a single $25 deduction because all of the gifts went to the same individual.
That being said, if you bought those same three gifts but bestowed them on three different people, you could write off the entire amount as a tax deduction. And, since completing deduction paperwork for your tax forms requires a lot of due diligence, it is critical to be as accurate as possible, which is why incidental costs are so relevant.
What Are Incidental Costs?
The IRS regulations stipulate that the $25 cap on gifts for a single individual does NOT... ...read full post
Getting through to the IRS in next to impossible for taxpayers
If you've ever tried to contact the IRS by phone, and had an incredibly difficult time reaching a human being, it's not just you. Just recently, IRS Commissioner John Koskinen admitted in a public speech that his agency is deliberately ignoring at least 60% of phone calls. Citing a lack of resources, Commissioner Koskinen called on Congress to fork over more of the taxpayers' money in order to be able to answer telephone calls from those same taxpayers.
In his speech given at the National Press Club, Commissioner Koskinen complained that his customer service staff were overwhelmed, and unable to answer the majority of phone calls that they receive. The commissioner claimed that if Congress increases the IRS' budget, they will be able to collect an additional $2 billion in compliance revenue.
Unfortunately for Mr. Koskinen, a recent report from the House Ways and Means Committee revealed that the IRS is misusing its resources, preferring to pay out bonuses to employee and fund parties instead of diverting staff to answering customer phone calls.
The Congressional report emphasized that even Commissioner Koskinen had recognized that the IRS was providing 'abysmal' customer service. But a close review of the IRS budget revealed that the IRS... ...read full post