by Matthew | Aug 7, 2014 | Tax Blog
A recent review of the IRS’s tax levy procedures showed that the IRS failed to comply with the tax laws in 28% of the IRS seizures sampled. If you receive a Notice of Intent to Levy, protect your rights by contacting Columbus, Ohio tax lawyer Matthew R. Porter. ...
by Matthew | Aug 6, 2014 | Tax Blog
If the IRS believes you operate a hobby and not a for profit business, you could owe a lot in taxes, penalties, and interest. Failing to understand the hobby loss rules can potentially be a very costly mistake. If you have a job and make money from a hobby, you are...
by Matthew | Jul 22, 2014 | Tax Blog
If you are contemplating selling your home, then you need to know how the Internal Revenue Service (the “IRS”) will classify the tax on sale of home. For most folks, their personal residence is the most valuable capital asset they own. Without the...
by Matthew | Jul 3, 2014 | Tax Blog
Porter Law Office, LLC has experience assisting taxpayers through the IRS Collection Process. Throughout the collection process, and as part of its standard function, the Internal Revenue Service (“IRS”) sends taxpayers many different letters and notices....
by Matthew | Jun 20, 2014 | Tax Blog
The Internal Revenue Service announced on June 18, 2014 significant modifications to the Offshore Voluntary Disclosure Program (OVDP) effective on July 1, 2014. The new modified 2014 OVDP FAQs are now available on the IRS’s website. The underlying theme in all...
