Our experts share valuable insights and information to help Set You Free from overwhelming tax problems.
Welcome to Our Tax Resolution Blog
Our tax professionals strive to help our clients reclaim their financial freedom in every way we can. Learn more about common tax problems, find explanations of important IRS updates, and get answers to your most frequently asked questions here.
Do I Need a Law Firm, Accounting Firm, or Tax Resolution Firm?
If you owe thousands in tax debt to the IRS or state tax authorities, you may be wondering who to turn to for help. Learn what tax resolution professionals do.
What Is A 1098-F Form?
Under federal law, specifically the 2017 Tax Cuts and Jobs Act, State Agencies, including state treasury departments or state revenue departments, are now obligated to disclose specific amounts related to…
COVID-19 Business Relief Loans and IRS Updates
On March 27, 2020, President Trump signed into law the CARES Act, which provides assistance for small business owners (fewer than 500 employees). Below are the highlights of two programs available for…
Trouble Contacting the IRS
Having trouble with the IRS? Having difficulty getting through to them? You’re not alone. According to the National Tax Payer Advocate, an independent organization within the IRS, phone lines to…
What to expect from the IRS during the shutdown
If you have been waiting to file your taxes due to the government shutdown, now is the time! As of January 28, 2019, the IRS is accepting returns and issuing…
Lothamer is pleased to announce a new team member
We have a new addition to the Lothamer family in our office, Emma Schut. Emma is currently attending Olivet College in her third year pursuing a Bachelor’s degree in Accounting.…
The IRS has social media you can follow
Would you like a direct source for IRS tips or updates? The IRS has taken advantage of the many opportunities that social media has to offer us. Truth be told,…
Learn all about IRS Criminal Investigations
How does it start? If the IRS suspects fraudulent activity from information given by a revenue agent, revenue officer, ongoing investigations by law enforcement agencies, attorney offices, or even tips…
Wages for Section 199A
The new IRS proposed regulations confirm that the S corporation treats as wages the reasonable compensation that it pays to its shareholder-employees. That’s good, and it opens planning opportunities. Even…
Rental Property Losses
Drive Time Increases Odds of Deducting Rental Property Losses Your rental properties provide tax shelter when you can deduct your losses against your other income. One step to deducting the…
Kalamazoo – Lothamer’s Location of the Month!
Lothamer aims to be the best tax resolution office in Michigan, and in order to do that we need to be able to assist as many people as possible. We…
Tax scams and fake IRS calls
If you have, or even haven’t received a text, call, letter, or email in relations to the IRS for a variety of reasons we have some information and insights relating…