Fairfax, Virginia business lawyer Elden Sodowsky is dedicated to providing current legal information to assist you with your IRS problems and business matters. He helps find solutions to his clients income tax and payroll tax debts and issues. Sodowsky is focused on helping his clients, whether it is setting up a new business or providing needed advice for an already-established company. He continually offers useful and important legal blogs regarding tax and business cases.
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IRS Audit – Mandatory Review of Tax Returns
Most people are probably aware that various groups, including the US Congress, have been trying to get President Trump to release his tax returns. In 2016, then candidate Trump indicated he would release his returns if elected. More recently, President Trump has been asking the Federal Court to block a subpoena issued by the Manhattan […]
Tax Fraud in Northern Virginia
In July 2019 a man who formerly resided in Herndon was sentenced to one year and a day in federal prison on each of four charges (two charges of theft of government money and two charges of money laundering) for his role in tax fraud i.e preparing false tax returns, stealing the refunds, and “laundering” […]
How NOT to Value Charitable Contributions : Understanding Fair Market Value
A retired grandmother with a fondness for shopping sought a way to combine her love of shopping with a desire for a tax cut. In 2010 she developed what she described as her “personal tax shelter.” She learned that a taxpayer may generally claim a charitable deduction in an amount equal to the fair market […]
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