Tax Torchbearer

Refund Reinvestment Strategies for a Secure Financial Future Strategically deploying your tax refund can transform it from a mere windfall into a cornerstone of financial empowerment. This approach helps establish a solid foundation that enhances every aspect of your financial journey, from imme...

Navigating taxes as a freelancer or contract employee can be challenging. Understanding the complexities of tax regulations and staying organized throughout the year is crucial. By implementing effective strategies and utilizing available resources, you can manage your taxes with confidence and ease. Here, we’ll provide essential tips and valuable tools to help you streamline the process and maximize your financial benefits. Guest Article by Brittany Fisher, CPA©2024

Image via Freepik Tax season often brings a unique set of challenges, particularly for seniors navigating the complex landscape of financial obligations and potential benefits. This guide from Mankus & Marchan, Ltd. is crafted to assist seniors in mastering the tax filing process with confidence...

Guest Post by Brittany Fisher, CPA Image via Freepik Master Your Small Business Tax Filing with These Essential Strategies Navigating tax season can be challenging yet essential to running a small business. You can transform this annual obligation into an opportunity for financial optimi...

In an era where financial literacy is paramount, reshaping your money mindset emerges as a pivotal step toward achieving not only financial stability but also a life of greater fulfillment. This transformation is not just about numbers; it's a holistic appr...

The landscape of entrepreneurship is rich, rewarding, but also fraught with complex challenges that require multi-faceted solutions. While innovation and market strategies are crucial elements for success, they can only take you so far if the financial backbone of the enterprise is weak. Masterin...

You may think of law as a series of distinct disciplines, each operating in its sphere much like planets in a cosmos. Yet, just as celestial bodies influence one another via gravitational forces, so do legal fields intersect and interact. A surprising interplay exists between tax law and personal...

On November 14, 2011, a small businessman, a third-generation wholesale meat supplier, was approached by a Special Agent of the IRS and served with a Supoena Duces Tecum. It commanded him to appear before a Federal Grand Jury on November 23, 2011 at the Dirksen Federal Building in Chicago. In li...

Welcome to Mankus & Marchan's blog section entitled Tax Torchbearer! ​Attorney Tony Mankus is the author of these fine blog posts and has composed articles covering multiple categories for your perusal.  Take a look today to see which posting best fits your situation and stay tuned for more bl...

A distraught woman – we'll call her Mrs. Smith – called us recently with an emergency. IRS had seized¹ her mother's farm in Wisconsin, she said, and was preparing to sell it² She said they needed help urgently and asked if we could get involved. Further discussion with Mrs. Smith revealed additi...

We often submit offers in compromise to the IRS on behalf of our clients. In many cases it appears to be the best available option to deal with the large tax debts they face. Or it used to be. I was happy when IRS gave life to the program about fifteen years ago. Unfortunately, it's deteriorated ...