Attention, taxpayers: If you haven’t filed a tax return for 2015, your time to claim money owed you is running out. The Internal Revenue Service said as many as 1.2 million Americans who haven’t claimed a tax refund for that year have until April 15 do so. And those refunds could be substantial. The agency… Read More
Nobody wants to run afoul of the Internal Revenue Service, but it can be unnervingly easy to do. Mistakes and oversights can happen. The IRS may be sending you notices or you may just be digging your way out of some past troubles and trying to avoid any future problems. You might be surprised to… Read More
It can be a sinking feeling to finish preparing your tax return only to realize that you owe the IRS money. Worse, you may lack the funds to pay right away. The Internal Revenue Service charges penalties and interest for late payments, but it also imposes penalties for late filings. It makes sense to at least get your tax return… Read More
For the self-employed, taxes are a huge deal. The total tax on your last dollar of income as a sole proprietor can be over 50 percent. That’s because the top marginal federal tax rate is 35 percent and the Self-Employment, or SE, tax rate is 15.3 percent on every dollar of net profit earned up… Read More
TAX NEWS FEBRUARY 6, 2018 20/20 TAX RESOLUTION If you’re planning on taking an international trip anytime soon, you may want to make certain your taxes are paid in full – or that you have entered into a payment agreement with the Internal Revenue Service for any back taxes owed. If not, your passport could be… Read More
There are four main factors to consider when an entrepreneur decides on the form of organization that best fits her business: taxes, limitation of personal liability, ease of transferability and admission of new owners and investor expectation. In almost all cases, I recommend that a founder form her business first as a limited liability company… Read More
The Justice Department has charged an IRS analyst with leaking confidential information about the banking transactions of Michael Cohen, President Donald Trump’s former longtime attorney, to the lawyer Michael Avenatti. According to a federal complaint unsealed on Thursday, John C. Fry, who works in the IRS’ San Francisco office, downloaded multiple sensitive documents with Cohen’s private banking… Read More
Here’s What To Do. Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kind of back taxes you can owe. If you’re a small business owner with payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut… Read More
March 2019 Newsletter… Read More
Unpaid payroll taxes are a serious matter to the IRS and are some of the worst kind of back taxes you can owe. If you’re a small business owner with payroll tax problem, read on to learn what you can do to avoid the IRS crippling your business or worse, shut your business down completely.… Read More