The 100% Penalty for Withholding Taxes
Nov 09, 2019
If an employer does not pay 941 taxes to the government, the owners, officers, and check-signers can be personally liable The government wants tax money1 One of the most laborious tasks for small busi...
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Deducting Business Start-up Expenses
Apr 22, 2019
Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have...
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Divorcing business owners need to pay attention to tax implications
Apr 21, 2019
If you’re getting a divorce, you know it’s a highly stressful time. But if you’re a business owner, tax issues can complicate matters even more. Your business ownership interest is one of your biggest...
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Deducting Business Meals under the new Tax Rules
Apr 21, 2019
The IRS guidelines permit certain business meals to be deducted. The key is keeping good records! In the course of operating your business, you probably spend time and money "wining and dining" curren...
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IRS Installment Agreement to pay past due taxes
Dec 26, 2012
IRS Installment Agreements
Installment Payment of Taxes
Tax Installment Agreements allow you to pay taxes owed to the Internal Revenue Service monthly.Individualsandbusinesstaxpayers can qualify for in...
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Handling IRS Notice of Levy against an Employee
Dec 26, 2012
If you have received a Notice of Levy from the IRS of an employee's wages or for monies owed to a creditor, you have obligations as well as rights. First, remember that the Notice of Levy is not for t...
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IRS Increases Tax Audits
Apr 08, 2010
IRS Increases Audits
IRS enforcement numbers, released December 22, 2009, show that returns under that amount have a 1 percent chance of getting audited.
Returns showing income of $200,000 and above h...
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