The IRS recently released a statement discussing its latest attempt to enforce tax collection. The recent statement relates to cryptocurrency and non-crypto virtual currency taxation. The statement is IR-2019-132. It describes how the IRS is sending out over 10,000 letters to taxpayers as part of a tax enforcement effort. The letters is addressed to taxpayers […]
On our blog, we’ve dedicated a few articles to covering different aspects of student loan debt. As we’ve discussed, this debt is quite substantial. In fact, it now surpasses most other kinds of consumer debts. Student loan debt is also very difficult to step away from. In 2005, Congress amended the law so that student loan debt can’t […]
As we move forward through the coming months, we will concentrate a lot more heavily on federal tax debt resolution. At MC&C, we offer a wide range of legal services, but tax debt resolution is among the most common. IRS tax debt is among the most burdensome types of debt out there. In this post, we’ll […]
Section 1031 is one of the most financially beneficial provisions in the tax code. This section literally allows taxpayers to use borrowed tax money to purchase more investment or business property. With this borrowed tax money, taxpayers can make their own wealth grow faster. Although this may not have been the original intent of Sec. […]
When it comes to money management, corporations are in many ways very similar to individuals. Businesses often struggle when it comes to managing their finances and paying their debts and other obligations. Corporations often take loans which later become difficult to pay back. Corporations are subject to the corporate tax rate, and very often they […]
For those who itemize their tax return, understanding the differences in risk between tax deductions is highly beneficial. Not all tax deductions carry equal audit risk. Though all deductions will reduce a taxpayer’s taxable income, certain deductions carry more risk of an IRS audit than others. In part, this follows from the substantiation requirements of […]
Falling into debt is unfortunate on many levels. Debt can damage your credit, especially if you fall behind on any repayment schedules. Some types of debt are preferable to others, but being debt free is always the best state. One of the negative things which can stem from having debt is dealing with communication from debt collectors. Debt […]
Dealing with IRS tax debt can be a very onerous task. If you have unpaid tax debt, this can lead to a variety of negative consequences. You can have your wages garnished, your bank account frozen, or have other valuables seized. To combat tax debt, we’ve discussed some of the resolution options which taxpayers can […]
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.”
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