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Mockensturm, Ltd. Legal Blog

Are you at an elevated risk of a tax audit?

Navigating the labyrinth of U.S. tax laws and regulations can be daunting, partially because the risk of being subjected to an IRS audit looms large for many taxpayers. While the IRS audits only a small percentage of tax returns, certain red flags may increase the...

What is a financial power of attorney?

Life is unpredictable, and circumstances can change instantly, leaving you unable to manage your financial affairs. Having someone trustworthy to handle your finances if you become incapacitated is critical. A financial power of attorney is a legal document that...

What can trigger a tax audit?

The mere thought of a tax audit by the Internal Revenue Service (IRS) can evoke feelings of anxiety and uncertainty, even for the most conscientious taxpayers. These audits involve thoroughly examining a taxpayer's financial records and tax returns, and they can be a...

Are you facing penalties for unpaid payroll taxes?

Running afoul of the Internal Revenue Service (IRS) is anathema to most business owners. The government can be quite ruthless when coming after companies for their money. In fact, simply being late on these payroll tax payments can incur financial penalties. But stuff...

3 key parts of an estate plan

Are you considering making an estate plan? An estate plan can help direct how your assets are handled after your passing. Before you make an estate plan, it can help to learn what you should include:  1. A will The most basic document of an estate plan is the will. A...