Author: Milton Law Group

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2023 Tax Return Preparation Services – A Note from Mark C. Milton

It’s tax time again and we hope you will be returning to Milton Law Group for your 2023 tax return preparation needs!  Our tax return preparation process (outlined below) is designed to provide more convenience to our clients and ensure a smooth and efficient experience. Over the next few days, you will receive a series of emails via our client portal that do require your attention:  Step 1. You (and your spouse, if applicable) must review and e-sign our engagement letter for tax year 2023. If you are married, both you and your spouse will receive separate emails requesting you to e-sign the...

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Tax Tips for Social Media Influencers and Content Creators  

In the ever-evolving landscape of digital media, social media influencers and content creators have carved out a unique space as digital entrepreneurs.   Some have raked in huge amounts of taxable income that will be reported to the IRS on 1099s, but not subject to withholdings. This could result in large unanticipated tax liabilities if not planned for appropriately throughout the year....

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How Does Additional IRS Funding Impact You?

In August 2022, Congress passed the Inflation Reduction Act (IRA), which included a provision that increased the IRS budget by $80 billion over the next 10 years. Although over $20 billion was recently cut from the IRS’s budget as part of the debt ceiling bill, the remaining $60 billion accounts for a significant increase from the IRS’s 2021 budget and the long-term tax compliance objectives remain the same. ...

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Judge Rules in Favor of Teleworking Non-Residents in St. Louis City Earnings Tax Lawsuit

STLTaxLawyer Mark Milton filed a class-action lawsuit on March 29th on behalf of three plaintiffs against the City of St. Louis and Gregory F.X. Daly, the City’s Collector of Revenue, challenging their refusal to issue earnings tax refunds to non-city residents working outside the City during the COVID-19 pandemic. ...

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2022 Tax Return Preparation Services

Hello!  It’s tax time again and we hope you will be returning to us for your 2022 tax return preparation needs!   We have designed our tax return preparation process (outlined below) to provide more convenience to our clients and ensure a smooth and efficient experience.  If you are a current client, you will receive a series of emails via our client portal that do require your attention. If you are interested in becoming a new client for tax return preparation services, please contact us today. 1. You (and your spouse, if applicable) must review and e-sign our engagement letter for tax year 2022. If...

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Mark Milton Named a Top 100 Attorney in Missouri

Mark C. Milton has been named one of the top 100 attorneys in Missouri by Missouri Lawyers Media.  Being selected as one of the top 100 attorneys in the state by Missouri's largest legal news operation is quite an honor, especially since the inaugural Top 100 POWER honorees were selected from a pool of all licensed attorneys across all practice areas.   Mark is widely recognized as one of the top tax resolution attorneys in the country and prides himself in helping individuals and small business owners solve their tax issues.     Earlier this year, Mark was also honored by Missouri Lawyers Media as an...

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Estate & Gift Tax Strategies

As the end of the year approaches, now is an ideal time to implement estate and gift tax strategies to lower your taxable wealth.  STLTaxLawyer Mark Milton shared on "The Mark Milton Show" podcast some useful estate planning strategies available to all individuals looking to minimize their tax liabilities.  One option is that individuals are allowed to give up to $17,000 per person per year and not be subject to a gift tax.  "Drawing down your wealth is a great estate planning tool," Mark said. "Gifting money to your heirs helps avoid estate taxes and you get the benefit of seeing your family enjoy...

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