Tax relief is a major part of our professional practice. It follows, then, that we should expend some ink going over what constitutes taxable income. One of the more confusing forms of taxable income is the phantom income known as cancellation of debt or, simply, COD income. It’s the source of many bewildered telephone calls to this law […]
So far, we’ve devoted a couple of blog posts to look at the celebrity financial difficulties. We’ve looked at celebrity bankruptcies and, more generally, looked at celebrity tax troubles. Here, we’d like to continue this review. Accordingly, in this post, we’re going to look at a few public figures who’ve gotten themselves into really big […]
As we’ve pointed out before, tax resolution is a major focus of our practice here at Mackay, Caswell & Callahan, P.C., and for that reason we’ve covered a number of different topics related to this focus. Resolving tax obligations with the Internal Revenue Service and New York State is a primary focus of ours. Throughout our various […]
We’ve covered offers-in-compromise (OICs) before in our blog posts. That’s for good reason: here at Mackay, Caswell & Callahan, tax relief is a major area of our practice. OICs can be a very attractive option for resolving back tax debt in certain cases. When someone owes tax debt to the IRS, he or she can submit an OIC. It […]
Here at Mackay, Caswell & Callahan, one of the central pillars of our practice is resolving tax debts with the IRS. We’ve helped hundreds of people resolve their back taxes with the IRS. That allows them to continue on and move forward with their lives. Debt may be a part of life, particularly for today’s younger Americans. […]
Like taxes, debt also appears to be something which is nearly universal in life. This applies doubly to Americans living in the early part of the 21st century. Modern day Americans are more indebted than ever, particularly younger Americans of the millennial generation. Millennials, for instance, have record-breaking levels of educational debt. Very often, they […]
As difficult as it may be for Americans to believe, celebrities are really just human beings. In the U.S., though, we glorify Hollywood, athletes, musicians and entertainers of all sort. We tend to place celebrities on a pedestal. We view them as nearly superhuman compared to normal citizens. Might they have problems? Certainly, but whatever problems […]
As we’ve discussed before, when the IRS considers an offer-in-compromise (or OIC) it will view the amount offered with reference to the taxpayer’s reasonable collection potential (or RCP). In other words, the IRS will measure your offer against the amount which it can reasonably expect to collect. This is true both for individual taxpayers and business entities. When reviewing an OIC, […]
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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