As an employer, you know how important it is to stay current on tax changes – especially payroll tax. There is nothing worse than being struck by a payroll tax bill at the end of the year (or an audit). Every April, the IRS updates employers on what to expect for the coming year. April […]
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Is an IRS Offer in Compromise the Right Choice for Your Tax Situation?
The IRS wants their money, but that doesn’t mean they strive to squeeze every penny from a consumer or business. Instead, the IRS deploys multiple repayment methods and plans that suit the needs of the taxpayer. One of those methods is the Offer in Compromise (OIC). The OIC carries unique advantages for taxpayers because the […]
Exploring Your Options for IRS Payment Plans
If you have received a notice from the IRS of back taxes due or you filed your taxes and already know that you owe the IRS, you might feel panicked at the massive amount due and the lack of funds in your bank account. Fortunately, you do not need to worry about paying everything up […]
Reasons Why You Need an Attorney for an IRS Audit
No one sets out filing their personal or business taxes thinking that they will face an audit. Even if you are cautious and only write off what you can, you may still find yourself subjected to an audit one day. Dealing with the Internal Revenue Service (IRS) can be daunting. As a consumer, you are […]
Common IRS Tax Penalties
There are a wide variety of IRS tax penalties available for different situations that arise. If you forget to file your tax return, there’s a tax penalty for that. If you can’t pay the tax due, there’s a tax penalty for that. If the tax return you file isn’t correct, there’s a tax penalty for […]
