The Business & Tax Law Resource Center
Legal Concepts Explained in Plain English
Arm yourself with the knowledge you need to make informed legal decisions.
IRS Audit Defense Strategies: A Lawyer’s Guide
Effective IRS Audit Defense Techniques from Former IRS Agent turned Tax Attorney & CPA
Notice of Deficiency: IRS Collections Explained
If you’ve received a Notice of Deficiency from the IRS, it’s crucial to understand what it means and how to respond. This formal notice indicates that the IRS believes you owe more taxes than you’ve reported. Ignoring this notice could lead to serious consequences, so...
Tax Evasion: IRS Collections Explained
What is Tax Evasion? Tax evasion happens when someone deliberately takes steps to hide income or avoid paying taxes. It’s important to distinguish between tax evasion and a simple error. For example, if you deduct a dinner with your spouse as a business expense,...
Tax Law
IRS Audit Defense Strategies: A Lawyer’s Guide
Getting audited by the IRS is scary-I get it. I want to help you feel prepared and less stressed about it. Let me walk you through what happens in an income tax audit, what can trigger one, and what strategies will help you prepare the best defense. I'll also explain...
Notice of Deficiency: IRS Collections Explained
If you’ve received a Notice of Deficiency from the IRS, it’s crucial to understand what it means and how to respond. This formal notice indicates that the IRS believes you owe more taxes than you’ve reported. Ignoring this notice could lead to serious consequences, so...
Tax Evasion: IRS Collections Explained
What is Tax Evasion? Tax evasion happens when someone deliberately takes steps to hide income or avoid paying taxes. It’s important to distinguish between tax evasion and a simple error. For example, if you deduct a dinner with your spouse as a business expense,...
Business Law
Stay in Control: Proper LLC Governance
Entrepreneurs often prefer an LLC business structure because it offers flexibility in management, protects owners from liability, offers significant tax benefits, and has less paperwork. Part of these benefits make it the better option than corporations requiring...
What is an Asset Purchase Agreement and When Do I Need One?
An Asset Purchase Agreement (APA), also referred to as an asset sale agreement or business purchase agreement, is a legal document that outlines the terms and conditions for the sale and purchase of an existing business or its assets. The APA you use should outline...