Profile cover photo
Profile photo
Patrick T. Sheehan & Associates
164 followers -
We represent individuals and businesses before the Internal Revenue Service (IRS) and the Illinois Department of Revenue (IDR).
We represent individuals and businesses before the Internal Revenue Service (IRS) and the Illinois Department of Revenue (IDR).

164 followers
About
Patrick T. Sheehan & Associates's posts

Post has attachment
An attorney with the IRS Office of Professional Responsibility was recently arrested for conspiring to distribute meth.

Post has attachment
The IRS has pulled back on some of its proposed regulations in the wake of a new executive order from President Trump. The executive order requires all federal agencies to identify two regulations to repeal for every new regulation it proposes. To learn more about the executive order, read our latest blog.

Post has attachment
A man has been sentenced to 27 months in prison after he evaded more than $1.5 million in federal taxes. He was convicted of two counts of tax evasion. Click the link to learn more about this case.

Post has attachment
If your school closed down or you withdrew as a student from the school within a certain period of time, you can ask the Department of Education to discharge your Federal Direct student loan. To learn more about discharge of indebtedness issues, visit our latest blog.

Post has attachment
President Trump is still under pressure to release his tax returns. Over 500,000 people have signed an online White House petition demanding that the President release his tax returns to the public. Counselor to the President, Kellyanne Conway responded to the petition with the same message from the campaign trail: The President will not release his tax returns until he is no longer under audit. As we've mentioned before, an IRS audit does NOT prevent President Trump from releasing his tax returns and we believe he should release them, as all Presidents before him have. What do you think?

Post has attachment
An IRS Summons is a formal written demand by the IRS asking you to provide the requested information by a certain date. If you have received a summons from the IRS, do NOT ignore it! The IRS has cracked down on summons enforcement recently, and failing to comply may result in a court order. For more information on what to do if you receive an IRS Summons, check out our latest blog.

Post has attachment
The IRS Whistleblower Program awards those who provide credible information to the IRS regarding unpaid tax liability or tax fraud. In 2016, the IRS awarded more whistleblowers than ever before - 418! To learn more about the IRS Whistleblower Program, visit our blog.

Post has attachment
We recently worked on behalf of a client we felt had been assessed unfair penalties by the IRS. Patrick T. Sheehan & Associates filed a request for penalty abatement for the first year under the First Time Penalty Abatement Program and asked for a refund in the amount of $6,537. After an appeal, the IRS finally agreed to refund one half of the penalty. Our clients are now free from all prior IRS liabilities and received a refund for $3,814.25! Read their testimonial to learn more.

And, If the IRS has assessed penalties against you, call us. We can help!

Post has attachment
Due to increased cyber security by the IRS, cyber criminals are now targeting tax professionals. The IRS recently warned of a new tax scam in which scammers are posing as potential clients in an effort to get access to the tax professional's email address, password, and private client information.

It's important to know all the facts about these types of scams so that you can protect yourself and your personal information. Visit our blog for more information on this latest tax scam.
Wait while more posts are being loaded