In a recent post, we discussed the sales tax audit procedure here in the State of New York. As we saw, the NY sales tax audit process is complex. If you find yourself saddled with an audit, you will almost certainly need to obtain a qualified tax attorney. Navigating the audit process by yourself is […]
As with any other area of law, the law of Sec. 1031 has gradually developed over the course of time. When Sec. 1031 was first introduced in the early 20th century, its contours were still unclear. The lawmakers who created the section had a sense of what it meant, but its operation, in practice, was […]
IRC Section 1031 applies to federal income taxation of capital gains. This means that an investor’s federal capital gains receive deferral treatment regardless of where he or she resides. However, the nonrecognition treatment of Section 1031 doesn’t necessarily apply to state taxation. Pennsylvania’s Sec. 1031 treatment is a case in point. We’ve discussed this on […]
A NYC tax attorney typically handles a wide variety of cases. From tax fraud to innocent spouse relief, the nature of a tax attorney’s caseload can be extremely diverse. Significantly, and given the fact that New York City has its own personal income tax, NYC tax attorneys must also be prepared to deal with a […]
When we use the terms “above-the-line” and “below-the-line,” what does the “line” refer to? The answer is simple: the line is the demarcation between your adjusted gross income and taxable income. Your adjusted gross income (or AGI) is your gross income less any adjustments (or deductions) you claim. Your AGI is the figure you use […]
Tax debt can occur for any number of reasons. Certain types of workers, for instance, are more likely to slip into tax debt than others. Those who work as independent contractors are a good example. That’s because they commonly calculate their tax liability incorrectly and so fall into tax debt. Independent contractors are those who […]
Lately, we have covered the issue of student loan debt from a variety of angles. See, e.g., Should the Government Forgive Student Loan Debt, January 31, 2019; and Strategies For Paying Off Student Loan Debt, December 21, 2018, and Can Student Loan Debt Ever Be Discharged, December 5, 2018. This is not surprising: millennials are […]
We’ve written about Enron a number of times on our blog. There are several reasons for this. For one, the fall of Enron was one of the most disastrous scandals in the history of corporate America. When the dust settled, thousands and thousands of employees had lost their jobs, pensions, and, in some cases, their […]
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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