Read Time:5 Minute, 48 Second Calling yourself a professional gambler on your tax return is not the same as being one. The IRS knows the difference. So does the Tax Court. The stakes for getting this wrong are high. Misclassifying gambling income and losses as...
Read Time:10 Minute, 8 Second Business owners face two distinct federal tax obligations that run on separate tracks, follow different rules, and carry different consequences when they go unpaid. Conflating them is one of the most expensive mistakes we see. Payroll tax...
Read Time:4 Minute, 49 Second Most people who contact a tax resolution firm want to know one thing: what will it cost to make this go away? That is the wrong first question. The right first question is: what does the government actually claim you owe, and is that...
Read Time:7 Minute, 21 Second An Offer in Compromise lets you settle your IRS tax debt for less than the full amount, but the IRS does not just take whatever you offer. They run the numbers, and whether your offer gets accepted comes down to a specific formula they...
Read Time:1 Minute, 41 Second CLAW Tax Group is proud to announce that Matt Wildes, JD, CPA has been selected to the 2026 Minnesota Rising Stars list by Super Lawyers for the third consecutive year. Super Lawyers is an independent rating service that evaluates...
Read Time:7 Minute, 39 Second Client name and identifying details have been changed to protect privacy. This is a real case. Dave had paid $62,000 in federal and state taxes on gambling income he never actually kept. The W-2Gs were real. The jackpots happened. But the...
0
0
