We at Krautkramer & Block understand that COVID-19 (Coronavirus Disease) has forced many in our community to stay home and not travel to avoid being exposed to the virus. We also understand that many of our fellow citizens still have legal and financial problems that cannot wait. During this difficult period, we want you to know that we are still here to help get your legal life in order.
Since many of you are staying home to avoid the risk of infection or to care for others, we have decided to offer for a limited-time: virtual initial consultations. Rather than coming to our law office here in Wausau, you would request a virtual consult with my office. During a telephone or video conference, I would review the facts of your case, answer your questions, determine your options and the costs and benefits of each option, and finally put together a plan for you going-forward.
Read More…

Tags: COVID-19, Coronvirus, Virtual Consult, IRS, Tax Planning, Business

In my blog article in August 2015, entitled Beware of IRS Tax Scams, I talked about callers claiming to be from the IRS. It was such a large problem that the Internal Revenue Service had issued warnings about the practice. Since then, the IRS has issued other alerts about tax scams. Read More…

While this blog is primarily about tax issues that I (and hopefully you, the reader,) find interesting, I reserve the right to discuss topics from the other areas in which I practice. In this case, given the season, I wanted to talk about estate planning. The holiday season at the close of the year gives us all a chance to reflect upon, and hopefully share time with, our friends and families. One of the greatest gifts that you can give to those parties and to yourselves is to have an estate plan in place to provide for your families and friends in the event of your passing. While the federal government has removed tax issues from the planning equation except for the largest estate, there is still a need to get this area of your legal life in order.
Read More…

If you own a business, you know that there a numerous debts and obligations that you need to pay each month. Vendors and suppliers need to be paid, so products are available for your customers. Utilities need to be paid so the lights stay on, and the rent or mortgage needs to be paid so the doors can stay open. When things are going well, paying these liabilities is often not a problem. However, when business slows down it becomes necessary to determine which bills get paid and which creditors have to be postponed. Unfortunately, many of my clients do not know that there are certain types of taxes that business owners can be held personally liable for, even if their business is being operated as a corporation, partnership, or limited liability company. These taxes are referred to as trust fund taxes. Read More…

As a tax professional, a large part of my job involves educating clients. Part of that education is helping clients understand how the IRS and Wisconsin Department of Revenue go about collecting tax debts, and the options available to delinquent taxpayers. So when I recently received my second robocall voice mail message informing me that the IRS was about to file a lawsuit against me and that I needed to call back immediately, I decided to share this information with my readers. While my first reaction was to chuckle and delete the message because I recognized it was a scam, it really is not a laughing matter. I have heard of people who have lost thousands of dollars after receiving one of these calls. Read More…

Tags: Tax, Scams