In the past, we’ve covered the Fair Debt Collection Practices Act, or FDCPA, in considerable detail. We’ve discussed the basic provisions of this federal law. We’ve also covered some specific examples of behavior which would be violations of this law. The FDCPA applies to third-party debt collectors, not creditors, and because it is a federal law it covers all […]
Cost basis (or tax basis) is a foundational concept in taxation. The reason behind this is very simple. Basis affects a taxpayer’s gain and therefore affects a person’s overall tax burden. The main purpose of cost basis is fairly easy to understand. Cost basis is basically a reflection of a person’s investment in a given […]
Form 1099 is one of the most common forms in our tax and accounting systems, both of which focus on keeping track of money. In fact, all of the forms, schedules, rules and other aspects of accounting and tax further this goal. If a taxpayer doesn’t file the correct tax form, then the IRS won’t […]
Just as there are certain cases more commonly encountered than others, certain traits are more valuable among tax attorneys than others. To be a successful tax attorney, a person needs a solid educational foundation, good mentors, and adequate practical training. But really successful tax attorneys need a few more things. Because of the stakes involved, […]
The income tax is one of the most significant sources of revenue for the federal government. It is also one of the biggest revenue sources for state governments. Here in the State of New York, for instance, income taxes contribute a sizeable percentage to the public coffers. Because we focus so heavily on tax debt […]
On the whole, the chance of an audit of a person’s personal income tax return in any given year is low. This is true regardless of whether a person’s income is high or low. To be sure, this statement is a generality. But any discussion of IRS audit statistics necessarily starts with generalities and drills […]
Choosing the right qualified intermediary to handle your 1031 exchange is an extremely important issue. A wrong move here can lead to the collapse and failure of a 1031 transaction. To successfully complete an exchange, taxpayers must do more than comply with the main paragraph of Section 1031. They also have to follow all of the […]
In one of our recent posts, we discussed the taxation of stock received as compensation by employees. In that post, we briefly discussed the difference between restricted stock and unrestricted stock. The general public doesn’t generally know about this distinction. The average person just assumes that “stock compensation” is the same across the board. But […]
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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