Internal Revenue Code (IRC) Section 368 allows merger and acquisition transactions to qualify as a reorganization when an acquiring corporation gives a substantial amount of its own stock as consideration to the acquired (or “target”) corporation. Section 368 has several conditions which must be satisfied in order for a transaction to qualify as a “reorganization;” just as with partial […]
If you’ve been selected for an audit, you may wonder which documents you’ll need to provide. You are required by law to keep any records you used to prepare your tax return for at least three years after the date the return was filed. Although it might be overwhelming and frightening, it might not be as bad […]
As we’ve discussed before, an offer in compromise (OIC) is one of the best means to settle your back tax liability for less than the full amount. OICs have been used to help literally millions of Americans bring either their federal or state accounts up-to-date and begin on a fresh track. In New York State, taxpayers can submit an […]
Though all American taxpayers are subject to the same federal system of taxation, New York taxpayers face a higher than average tax burden. Many people forget or never focus on the wide variation in state level taxation. State level taxation varies both in terms of degree and kind: states impose a wide range of income, sales and property […]
Alphonse Capone – typically known as “Al” Capone – was a notorious gangster who, at the height of his power, ran and commanded one of the most profitable criminal organizations in history. Born in Brooklyn, New York in 1899 to parents of Italian descent, Capone began his criminal career early and by his mid-20s he had gained […]
If you owe back taxes, one very important fact you should keep in mind is that the IRS does not have an unlimited amount of time to collect your debt. Just as a district attorney or federal prosecutor only has a limited time to prosecute certain crimes, the IRS is also bound by a statute […]
If you or any other New Yorker should find yourself in a situation in which you’re panicking about how to deal with back tax debt, the first piece of advice you need to absorb is this: don’t panic, because you have options. In the U.S., at both the state and federal level, the tax system is not intended […]
As an employer, you have a legal responsibility to withhold payroll taxes and pay those taxes to the IRS when due. Even if you use a payroll service, you still have a responsibility to see that this is done. If you do not withhold payroll taxes and pay them correctly and in a timely manner, […]
I had a wonderful experience with Mr. Callahan during my initial phone call. He fully understood my issues and provided me with helpful information on how to proceed with my tax issue. I am very appreciative of his time and expertise!
Erin
Mackay, you are a godsend. Thank you dearly for taking the time to go through in great detail options for our situation. You were patient, thorough and extremely helpful even after you knew we were unable at this time to pay for services. I wish other companies would follow your level of customer service.
I was in despair for years and now finally I have hope.
God bless,
Tiffanie
“I had a BIG problem with the IRS and wasn’t making any progress with them, even with my accountant’s help. Then I heard about Mackay, Caswell & Callahan. I’m here to tell you that ALL the good things about those tax attorneys are true. Joe Callahan got a $30,000 tax bill reduced to $200! Thanks Joe, I still can’t believe you pulled that off! Christmas came early this year!”
William Poole on Google
“Joe was very professional and put my mind at ease! Up to date information and easy to understand! I highly recommend this firm and will have them do all of my tax work! A+ attorney!”
Sheila Abrahams on Google
“Joe Callahan has been exactly what my growing business has needed for far too long. Joe has been invaluable in helping me navigate and sort through issues past and present to keep my dream of owning my own business alive. Thanks Joe looking forward to many years of having you in my corner.”
Bryan Edwards on Google
“Joe Callahan helped me out of a big mess. I also went to several other “tax specialists” and got no good answers. Very professional and efficient. I would highly recommend him for complex tax issues. I could have saved a lot of time and money had I used his office earlier on.”
JC on Yahoo
“Mr. Callahan was able to resolve my tax issue quickly. He was up to speed on all recent tax code changes and successfully resolved my issue based on this information. His retainer was very reasonable and I am highly satisfied with the outcome of his hard work.”
A Lawyers.com Consumer
You can contact us using this form day or night, 24 hours a day, 7 days a week, 365 days a year. You will hear back from one of our attorneys the same day or next day.
If you would like to speak with a team member immediately, we are available 24/7 via this form — or via phone toll-free from 6am – 8pm EST M-F at: 844 - MCC - 4TAX