Video Help
Questions about tax matters? I’ve got answers. This video library is updated every month, so please check back often. And if you’ve got specific questions you’d like my input on, please contact me today!
 [types field="add-date" style="text" format="F, Y"][/types] If you are a Pennsylvania business owner looking to expand into other states, Attorney Morgan Maxwell covers how it will impact your state tax returns. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell discusses how REMICs are treated for tax purposes. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell answers a common question about the difference between tax credits and deductions. |
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[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell goes over the impact of splits, mergers, and spinoffs on the cost basis of your stocks. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell discusses how non-profit organizations are taxed as compared to regular businesses. |
[types field="add-date" style="text" format="F, Y"][/types] If you’re an accountant, Attorney Morgan Maxwell covers what information you’re required to provide to the IRS in the event they audit one of your customers. |
[types field="add-date" style="text" format="F, Y"][/types] Attorney Morgan Maxwell describes the difference between regular income and capital gains when it comes to how they affect your taxes. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell talks about the qualification requirements for the RRETC. Find out if you qualify. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell covers the specifics of how taxes work for individuals with dual citizenship. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell covers how the US tax system will affect the income your international business received over the past year. |
[types field="add-date" style="text" format="F, Y"][/types] Watch as Attorney Morgan Maxwell covers the situations in which an attorney or a CPA should represent you during an IRS audit. |
[types field="add-date" style="text" format="F, Y"][/types] If you’ve gotten a notice from the Internal Revenue Service with respect to an audit or an inquiry, because very often what looks like an audit notice really is not, the first thing is not what to do, but what not to do. Don’t ignore it, don’t panic. … |
[types field="add-date" style="text" format="F, Y"][/types] You don’t need an attorney. In fact, it’s quite conceivable that you could do it all on your own but I wouldn’t recommend it. There are two or three people who are most likely to be the most help in an audit. First, it is your return preparer. He prepa … |
[types field="add-date" style="text" format="F, Y"][/types] The audit process can be different depending on what the issue is. Very often the issue will be a mere inquiry; there will be a mismatch between a third-party record that the IRS has gotten and what you’ve reported on your return. It could be more impo … |
[types field="add-date" style="text" format="F, Y"][/types] In terms of your chances of being audited by the IRS, there are guidelines that the IRS follows and all of the tax services and all of the tax literatures in Bloomberg and the people who write about these things in the popular press, it becomes known w … |
[types field="add-date" style="text" format="F, Y"][/types] Yeah, the Internal Revenue code does contain a whole series of sections dealing with criminal tax fraud and I have criminal tax lawyers that I refer those matters to. It gets much more complicated because you’re dealing now not just with the tax and in … |
[types field="add-date" style="text" format="F, Y"][/types] The IRS can seize your personal assets. It is unusual for them to do more than put liens on real property. You’re dealing with a massive bureaucracy and though you tend to think of the Internal Revenue Service as being very personal and a huge bureaucr … |
[types field="add-date" style="text" format="F, Y"][/types] In Pennsylvania once the amount of the debt has been established the Department of Revenue will very often send those matters out for collection after a very short time, and so paying for less than 100 cents on the dollar is much easier, frankly, in Pe … |
[types field="add-date" style="text" format="F, Y"][/types] An IRS bank levy is part of the IRS collection process. Once they’ve determined that money is owed they have the ability, under the law, to go to third parties that owe you money. When you have amounts in a bank account, the bank owes you money. If you … |
[types field="add-date" style="text" format="F, Y"][/types] If the Pennsylvania Department of Revenues sends you an audit notice, your approach to it should be the same as with the Internal Revenue Service. You ought to not ignore it, you ought to not panic about it, you should contact your return preparer, and … |
[types field="add-date" style="text" format="F, Y"][/types] If you can’t pay your IRS bill, and again you’ve exhausted every opportunity or every possibility of contesting the amount or reducing it by discovering that the IRS has made a mistake or getting penalties abated, if you’re really down to what you owe, … |
[types field="add-date" style="text" format="F, Y"][/types] That’s an easy one. The IRS is like any other bill collector, in fact, on some of the things they’ve written the book in terms of subtly harassing taxpayers and putting pressure on them. The most important thing that you can do when you are first conta … |
[types field="add-date" style="text" format="F, Y"][/types] The IRS does make mistakes as part of the audit process as part of their administration of the tax laws. It frankly shocks me. I’m only one attorney and I only have my clients and it has shocked me to see the number of times that there are significant … |
[types field="add-date" style="text" format="F, Y"][/types] When you have a bill from the IRS, the first thing to really think about is whether you really do owe the money and that is the first conversation I will have with a client; do we have any arguments that this number is wrong? There’s always an argument … |
[types field="add-date" style="text" format="F, Y"][/types] I think in terms of an audit the major mistake you can make, I believe, is trying to do it yourself. The typical first call to the Internal Revenue Service you will be on hold for between a half an hour and a half; that’s all the time that you can be s … |
