Struggling with IRS Problems

How an Offer in Compromise Can Help Reduce Tax Debt

The best way to stay out of trouble with the IRS is to make sure that you pay yourself the right way. To do this, you have to understand which of their rules apply to your particular business. Payroll is an area where your business structure determines exactly how you should get paid. Please keep in mind that what you call “payroll” might not be “payroll” in the IRS sense of the word.

Tax Audit

Tax Audits A What to Expect

The chances of a tax audit by the IRS are slim. Only 1% of returns each year are subjected to a formal review on …

Tax Audits A What to Expect Read More »

The IRS is the Largest Collection Agency in the World

The IRS Is The Largest Collection Agency In the United States

The IRS is the world’s largest tax collection agency, collecting more than $2.4 trillion each tax year from 234 million annual returns. If the …

The IRS Is The Largest Collection Agency In the United States Read More »

Counting Coins

Garnishment A: What It Is And Why You Should Be Afraid

There are many actions the IRS can take as part their procedures to collect on your tax liabilities. There are several that are generous …

Garnishment A: What It Is And Why You Should Be Afraid Read More »

Couple Discussing Tax Problems

In 2016 Some Tax Benefits Increase Slightly Due to Inflation Adjustments Others are Unchanged

WASHINGTON — Regarding the tax year of 2016, the Internal Revenue Service announced annual inflation adjustments for more than 50 tax provisions; including the tax rate schedules, and other tax changes as well. The Revenue Procedure 2015-53 provides details about these annual adjustments.

10 Tips for Taxpayers

Ten Tips for Taxpayers Who Owe Money to The IRS

While the majority of Americans get a tax refund from the Internal Revenue Service each year, there are still many taxpayers who owe each …

Ten Tips for Taxpayers Who Owe Money to The IRS Read More »

How to Really Take Money Out of your Business

Understand How to Really Take Money Out of Your Business

The best way to stay out of trouble with the IRS is to make sure that you pay yourself the right way. To do this, you have to understand which of their rules apply to your particular business. Payroll is an area where your business structure determines exactly how you should get paid.

Scroll to Top