McFarlane Law

A Tax Law Firm - 480.991.0032

Nursing Homes and Care Facilities and Economic Impact Payments

There has been stories that nursing homes and other care facilities have been taking their resident’s/patient’s Economic Impact Payments (EIPs).

If you have a loved-one in a nursing home or other care facility, check to see that the facility has not absconded with the EIP. If so, you may to hire an attorney to send a demand letter to recoup the EIP. Under the IRS guidelines, the EIPs belong to the recipients, not any organizations providing care for the recipients. Be aware and check on this as there has been stories that people and businesses may be taking advantage of vulnerable populations who received the EIPs.

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The IRS can garnish your Social Security

If you or your spouse collects social security benefits and have been assessed past due taxes or have other debts, those SS benefits may be subject to collection action by the Internal Revenue Service (IRS) and the Arizona Department of Revenue (ADOR). This can be particularly distressing if you are retired and in debt and your only source of income is social security.

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Keep Economic Impact Payment Notice with Your 2020 Tax Records

If you received an economic impact payment in 2020 need to keep Notice 1444, entitled Your Economic Impact Payment, with your other 2020 tax records such as W-2s, 1099s, and any virtual currency transactions. This Notice 1444 provides important information about the amount of your payment, how the payment was made, and how to report any payment that was not received.

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It’s Time to Prepare and File your 2019 Tax returns

The Honeymoon is Over: Part Deux

If you have not filed your 2019 individual income or business tax returns yet or paid the tax liability, you have until July 15 to file those returns and pay the tax due without incurring penalties for late filing and for late paying.

As I discussed in a prior blog, there are 2 penalties that attach to the failure to file on time and the failure to pay the tax due. You want to file even though you cannot pay or fully pay the tax liability. Further, you can request a filing extension if submitted before July 15, but you cannot extend the time to pay the tax. The gov wants its money and there is no extension for paying the tax. If you cannot pay in full, you should pay as much of the tax as you can so you reduce the amount of the penalty and interest. You should arrange for a payment plan to pay off the tax liability as quickly as possible.

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Can’t Pay Your Tax Liability? Is an Offer-in-Compromise Right for You?


There are certain tax problems that require the assistance of a tax attorney, and determining if an offer-in-compromise (OIC) can resolve your tax issues with the Internal Revenue Service (IRS) or Arizona Department of Revenue (ADOR) is one of those cases.

So you owe taxes that you will not be able to pay in a reasonable period of time. Although despair sets-in, there is tax relief assistance. You should seek such assistance from an experienced tax attorney – don’t waste your time or money with non-lawyer national outfits claiming they can resolve your tax problems.

McFarlane Law – Your Tax Law Firm - Tel. 480.991.0032 – has over 30 years of experience handling tax matters and problems of all types and urgency. Seeking OIC relief can be complex. Negotiations are often required in which experience and knowledge produce an effective and efficient result.

If you owe taxes that you cannot possibly pay in your working life-time, contact McFarlane Law. We will provide you an overview of the IRS and ADOR Offer-in-Compromise programs. After discussing your facts and circumstances, Mr McFarlane will be able to provide an in-depth analysis of the different types of Offers and when to use each. He will discuss your expected payments based upon a computation of your financial statements and asset values to arrive at what the IRS terms, your “Reasonable Collection Potential.”

If you are in collection mode with the IRS and/or ADOR, you need to act to resolve the tax problem before collection action is taken and your options become limited.

McFARLANE LAW – A TAX LAW FIRM
T. 480.991.0032 / e: stephen@taxlawaz.com / www.taxlawaz.com

With offices available throughout the Phoenix Metro area, Tucson, Casa Grande, Sierra Vista, Flagstaff, Prescott, Sedona.



The Honeymoon is Over – It’s Time to Think Taxes!

Remember: An extension to file is not an extension to pay taxes


For most taxpayers (including individual, businesses, and fiduciaries), the filing and payment deadline for their 2019 federal and state tax returns was postponed to July 15. Those who need more time to file beyond the postponed date (July 15) can request an extension to file and must request that extension to file by July 15. The federal extension gives taxpayers until October 15 to file their federal tax return.

Taxpayers need to check with their individual state’s laws to determine the effect of an extension. In Arizona, a federal extension filed by July 15 allows taxpayers to file their state tax return by January 15, 2021. If a federal extension is not filed, then Arizona Form 204 (individual) needs to be filed by July 15 to extend time to file Arizona returns.

Take heed of the following good advice so you are not scrambling to respond on July 15!

  1. An extension to file is not an extension to pay! Taxes must be paid in full by July 15 to avoid penalties (fed and state)! So budget now to make that tax payment for your 2019 liability.
  2. Understand the penalties! There is a failure to file penalty and a failure to pay penalty (fed and state). These are separate penalties and accrue over time to a maximum of 25% each of the tax you should have paid.
  3. Failure to timely file and fully pay the tax liability by July 15 will result in penalties and interest. If you cannot pay, at least file to avoid the failure to file penalties (fed and state).
  4. Do not ignore your omission to file or pay tax. Call your friendly tax attorney for assistance in negotiating a reasonable payment plan. Often, the IRS agents will seek large payments that you cannot afford. It is best to insert a tax attorney between you and the IRS agent to arrive at a reasonable and sustainable payment plan.
  5. Call McFarlane Law - A Tax Law Firm. All we do is negotiate with the IRS and ADOR and resolve taxpayer’s problems.

If you need assistance filing your 2019 returns or making tax payments to the IRS or ADOR, call McFarlane Law – A Tax Law Firm with offices located in the Phoenix – Scottsdale – Tempe – Glendale – Peoria metro areas for a consultation of your facts and issues.

McFarlane Law – A Tax Law Firm - resolves tax problems for taxpayers located in Maricopa County, Pima County, Pinal County, Coconino County, Cochise County, Phoenix, Peoria, Mesa, Tempe, Scottsdale, Tucson, Flagstaff, Prescott, Cottonwood, Sedona, Sierra Vista, Casa Grande.




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