The IRS issued its People’s First Initiative in March to address the COVID-19 situation and the impact it has had on many U.S. taxpayers. As part of this People’s First Initiative, the IRS extended the compliance dates for many filings, payments, elections and filings until July 15, 2020. The IRS website maintains a complete list of all relief provisions.
TERRENCE A. GRADY & ASSOCIATES CO., L.P.A.
Experienced Tax Representation from a Former Prosecutor For The Department Of Justice
Terrence A. Grady & Associates Co., L.P.A., is a boutique tax law firm providing high-caliber representation to clients throughout Ohio, the United States, and internationally. We serve clients in all state and federal tax disputes; defend against criminal tax and federal white collar crime charges; and advise businesses and individuals in all aspects of tax planning, foreign investment and compliance. Our diverse clientele includes self-employed individuals; stakeholders in a range of companies, including single-member LLCs, S-corps and partnerships; and individuals and families with substantial assets.
Our Columbus law firm is led by attorney Terrence A. Grady. As a former criminal tax prosecutor for the Department of Justice, he brings unique insight and perspective to each of our matters. All of our lawyers, including Mr. Grady, hold advanced legal degrees in taxation.
A Dedicated Focus on Tax Law
The lawyers at Terrence A. Grady & Associates Co., LPA all have advanced masters of law degrees in taxation. Additionally, because they focus on tax law and representing clients in tax controversies, they are especially skilled to handle very serious tax controversies and collection matters.
Our core competencies include:
- Civil tax disputes and tax litigation
- Federal white collar and federal and state tax crimes defense representation
- Settling/Resolving tax liabilities
- Tax and business planning
- Asset Protection Planning
- International tax planning and compliance
Contact Our Federal and Civil Tax Lawyers
At our law firm, we understand the seriousness of tax matters as well as the sensitive nature of the issues involved. As our client, you will always be treated with dignity and respect as we work toward resolution.
Prospective clients are encouraged to contact our law firm to discuss their tax and legal matters with one of our experienced attorneys.
IRS Letters 6336 for Micro-Captive- Response Date Extended to June 4, 2020
In late March 2020, the IRS issued Letters 6336 to participants in micro-captive insurance transactions. The participants were identified based upon the disclosure statements (IRS Forms 8886) included within their federal tax returns filings identifying participation in a program. These letters were issued to notify participants of the IRS’s recent successes in challenging the validity of the micro-captive program and requesting that they notify the IRS if participation was terminated.
SBA Paycheck Protection Program Loan (COVID-19 Stimulus)
The CARES Act includes approximately $350 billion for an SBA small business loan program called the Paycheck Protection Program. The goal of this program is to get money to small businesses quickly (and with minimal application requirements). This loan program is also designed to encourage businesses to continue to employ their workers and re-hire (if necessary).