The Offer-in-Compromise program is one of the most popular programs used by both tax practitioners and taxpayers when considering a way to resolve IRS back tax problems. An Offer-in-Compromise allows qualifying taxpayers to settle their back taxes for less than…
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If you run your business as an S corporation, you’re probably both a shareholder and an employee. Therefore, the company should pay you a salary for the work you do for the business, which is subject to payroll taxes as…
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Taxpayers have certain rights, both on the federal level, as well as on the state level. Unfortunately, when dealing with large bureaucracies like the IRS, it can be hard for the average individual to understand his or her rights and…
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Did you know that if you file a joint income tax return with your spouse it’s possible to lose your refund? When your spouse has outstanding tax debts prior to your marriage or from filing a separate return during your…
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Do you pay to put your child or children in daycare or some other form of child care so you can work and earn a living for your family? If so, then you might be entitled to a tax credit…
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Making the decision to venture out on your own and work for yourself can be an exciting, yet frightening prospect. Nevertheless, it is important for those who are self-employed to know and understand the tax implications associated with such a…
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Are you one of tens of thousands of Americans who employs a service provider in your home? Perhaps you have hired a nanny, babysitter, cook, maid, or a home aide. (more…)
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An IRS audit is something no one ever wants to face. Audits mean gathering tax paperwork, answering personal questions about your income and expenses, and potentially facing a bill for back taxes, interest and penalties at the end of the…
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If you receive Notice of a Federal Tax Lien under Internal Revenue Code Section 6320, or if you receive Notice of Intent to Levy under Internal Revenue Code Section 6330, you have a serious tax problem on your hands. (more…)
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Employers must withhold payroll taxes from employee paychecks and send the withheld money to the Internal Revenue Service. Every company of all sizes has an obligation to collect and pay payroll taxes, or 941 taxes as they are also called.…
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