Frazier Law Legal Blog

As we celebrate the Army’s birthday, I reflect on how my service with the 3rd Battalion of the 75th Ranger Regiment has profoundly shaped my career as a tax resolution attorney. Our motto, “Rangers Lead the Way,” is not just a call to action—it is a lifelong commitment to leadership, excellence, and integrity; principles that…

Summer officially kicks off this month, and it’s a popular time when taxpayers delve into home improvement projects. Whether it’s extensive renovations, or a “honey-do” list that has been lingering for some time, there may be expenditures that qualify for home energy tax credits. Both homeowners and some renters may be able to claim these…

February is Black History Month, and we’d like to celebrate our founding attorney Charles R. Frazier. Charles has successfully operated a small business in Middle Tennessee and saved his clients across the nation millions of dollars in taxes since 2009. A native of New Jersey, Charles is a proud US military veteran, father, husband and…

In a recent announcement, the Treasury Department and Internal Revenue Service informed businesses that they do not have to report the receipt of digital assets the same way they report the receipt of cash – until Treasury and IRS issue necessary regulations. This is good news for many businesses that engage in digital asset transactions.…

On Dec. 5, 2023, our founder Charles R. Frazier was admitted to practice before the US Supreme Court during the 38th annual Tennessee Bar Association Academy. A group of nine attorneys from Tennessee traveled to Washington, D.C. for the swearing in ceremony. “Swearing the legal oath of practice before the highest court in our nation…

Taxpayers around Tennessee are receiving notices from the Department of Revenue suggesting that they may no longer have an obligation to pay the Tennessee Business Tax. Here’s the facts of the matter: The Tennessee Works Tax Act significantly alters the business tax filing requirements for small businesses in Tennessee. Key points from this notice that…

What to Do If Your CPA Doesn’t File Your Taxes On Time: A Guide for Taxpayers MIDLAND, Michigan – Every year, millions of individuals and businesses rely on Tax Preparers, Enrolled Agents (EAs), and Certified Public Accountants (CPAs) to prepare and file their tax returns. While many tax professionals provide reliable services, there are occasions…

The Internal Revenue Service (IRS) has initiated a withdrawal option for small businesses and organizations concerned about the accuracy of their Employee Retention Credit (ERC) claims. This measure comes as part of the agency’s broader initiative to shield these entities from potential scams. It is essential that claims for Employee Retention Credits be made by…

The IRS published the following article IR-2023-185 on October 5, 2023: WASHINGTON — The Internal Revenue Service today warned taxpayers to watch for promotions involving exaggerated art donation deductions that can target high-income filers and offered special tips for people to use to avoid getting caught in a scheme. There are ways for taxpayers to…

DETROIT (AP) — Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. government income tax credits at the time of purchase. Eligible buyers, including those that bought an EV or hybrid this year, have had to wait until they filed their…