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Attorney Matthew J. Taylor

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Friday May 27, 2022 – Meet Attorney Matthew J. Taylor. For over 23 years, Attorney Taylor served with distinction as a member of the Palatine Police Department, retiring in 2017.

Since leaving law enforcement, he has handled criminal defense cases and municipal prosecution. In addition to criminal law, Attorney Taylor prepares wills and trusts, settles probate claims and deals with real estate matters.

Attorney Taylor’s experience as a police officer and prosecutor makes him a unique and desirable defender for his criminal clients and he continues his lifelong service to the law in helping his estate planning and real estate clients navigate the legal waters associated with their individual cases.

Attorney Steven A. Leahy interviews attorney Matthew J. Taylor on the Trust Radio Network.

Contact Attorney Matthew J. Taylor

Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

IRS Releases 2021 Data Book

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Thursday May 26, 2022 – The Internal Revenue Service (IRS) Data Book is published annually by the IRS and contains statistical tables and organizational information on a fiscal year basis. The report provides data on collecting the revenue, issuing refunds, enforcing the law, assisting the taxpayer, and the budget and workforce.

The IRS is very good at compiling statistics, and breaking those statistics down into categories. The 2021 Data Book was released today. It will take some weeks for me to review all that data.

Because my practice focuses on helping people with tax problems, the first table I look at is Table 25. Delinquent Collection Activities, Fiscal Years 2020 and 2021. This chart breaks down the collection numbers.

Attorney Steven A. Leahy looks at the new IRS numbers on Today’s Tax Talk.

https://www.irs.gov/statistics/soi-tax-stats-irs-data-book

Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Crypto Losses, Tax Savings?

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Tuesday May 24, 2022 – Have you noticed – Cryptocurrency is volatile? Back in 2014 the IRS announced that crypto is property for tax purposes. Not currency, not securities, but property. So, some tax rules that apply to currency or securities do not apply to cryptocurrency.

Rules like the Wash Sale Rule. You can sell your crypto and buy it right back without a 30 day waiting period. Each trade is a taxable event.

The IRS is still inventing the rules for Cryptocurrency. The IRS believes that as much as 10% of the Tax Gap (the difference between how much the IRS collects and how much the IRS should collect), or more than $50 billion, is the result of crypto traders avoiding reporting.

Attorney Steven A. Leahy reports on Cryptocurrency and the IRS on Today’s Tax Talk.

https://www.forbes.com/sites/robertwood/2022/05/19/do-crypto-losses-trigger-tax-losses-with-irs/?sh=18dd83e24419

https://www.cnbc.com/2022/05/18/irs-may-be-missing-out-on-50-billion-dollars-a-year-in-unpaid-crypto-taxes.html

https://www.vox.com/recode/2022/5/11/23065956/detectives-crypto-cops-irs-fbi-cyber-bitcoin

Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Foreclosures On The Rise

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Monday May 23, 2022 – Foreclosures have not been an issue since the pandemic. One of the first things Government did was to issue a Foreclosure Moratorium.

Last August the CDC moratoriums came to and end based on a United States Supreme Court ruling on the issue.. Some States (like Illinois) maintained a foreclosure moratorium thereafter – but no more!

“A total of 50,759 U.S. properties started the foreclosure process in the first quarter of 2022, up 67% from the previous quarter and up 188% from a year ago,” Chicago saw over 3,000 foreclosures in the first three months of the year.

Attorney Steven A. Leahy reviews the numbers and also talks about the tax implications of losing a home to foreclosure. Did you think the IRS wouldn’t be involved?

Foreclosure wave sweeping US crests in Chicago
Foreclosures and Your Income Tax
Supreme Court Throws Out the Foreclosure Moratorium!

Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

Attorney Dana Zivkovich

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Friday May 20, 2022 – Attorney Steven A. Leahy interviews Attorney Dana Zivkovich. Attorney Zivkovich focuses her practice on Probate, Elder Care, and Estate Planning.

“During my coursework in law school, I realized I was keenly interested in helping families manage and protect their assets. I was strongly attracted to working with people closely and I felt I was able to translate legal jargon and procedure into understandable terms. I started enrolling in as many probate, real estate, estate planning, and tax courses as possible.”

Elder law practice helps seniors organize their affairs, protects them from exploitation, and advocates on their behalf.

Attorney Zivkovich has contributed articles to Generations Magazine and Res Gestae. She is regularly invited to speak as a panelist to discuss law practice management or to present on substantive topics. She has been featured in Chicago Lawyer Magazine, American Bar Association Journal, and as special guest on Jerry Davich’s radio show Casual Fridays with Jerry Davich. In 2007, she founded a social networking group for lawyers to gather and share challenges and solutions. This group continues to meet on a monthly basis at alternating locations in Chicago. In 2015, she began working with a local television producer to develop a show discussing legal topics of interest to public access television which aired for 2 years.

Join Attorney Steven A. Leahy while we learn more about Attorney Dana Zivkovich.

https://www.serblaw.com/

Steven A. Leahy is a tax attorney in Illinois. He is the host of the long-running popular Radio Show “The IRS Radio Hour” heard every Sunday evening on AM 560 The Answer. Attorney Leahy is also the author of the book “Deal With Your IRS Problems Today!” You can get a FREE copy of this important book at FreeIRSBook.com. Or Call 24/7 (312)664-6649

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Our Office has represented Clients throughout Chicago & Northern Illinois. We represent many clients from Cook County; however, we have represented clients from:

DuPage County
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Lake County
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We have helped taxpayers in Wisconsin, California, Tennessee, and perhaps your state. No matter where you call home, we look forward to your telephone call for your FREE consultation.