Finding Real Life Solutions To Your Tax Problem
Taxpayers who face high levels of tax debt have options to help manage this bill. The offer in compromise (OIC) is one example. This option involves a taxpayer offering to settle a tax bill for less than owed. The Internal Revenue Service (IRS) may accept this offer...
Whether you have multiple business interests, pieces of property, trusts, or other complicated financial questions, there are situations when dealing with finances requires a team of professionals. Those who find themselves looking for professional help have a number...
The Employment Development Department (EDD) is responsible for payroll tax audits in California. Any business with operations in California could find themselves the subject of an EDD audit. This state organization is aggressive and will doggedly look for violations....
The Inflation Reduction Act will have a big impact on tax law. One specific portion that has led to concern is how the Internal Revenue Service (IRS) will use the $80 billion in funds it will receive over the next decade as a result of the passage of this law....
Business owners balance everything from operational needs to making sure the services or products provided are profitable. It is often beneficial for business owners to outsource certain business needs. This is particularly true for areas of operation that require...
Having to deal with taxing authorities is never fun but navigating an issue with California’s Franchise Tax Board (FTB) is particularly difficult. The FTB has a reputation for aggressive pursuit of tax debt that rivals the Internal Revenue Service (IRS). Taxpayers who...
Those who face serious tax disputes can benefit from the use of administrative options. The Internal Revenue Service (IRS) offers various administrative options, including the ability to file an appeal with the Office of Appeals. This option is available for almost...
Payroll tax problems are not uncommon. Businesses can find themselves short on cash and unable to pay their tax obligations for any number of reasons. Business owners and partners may hope to have funds available by the time the Internal Revenue Service (IRS) reaches...
The Trust Fund Recovery Penalty (TFRP) is a penalty the Internal Revenue Service (IRS) can use against business owners to recoup unpaid payroll taxes like federal income taxes, Social Security and Medicare taxes. Who can the IRS hold liable for these funds? This tool...
The Internal Revenue Service (IRS) just got some major funding, and a large portion is earmarked for enforcement. This will likely translate to an increase in audit rates. When this increase will occur is not yet known, but the prospect of a jump in the audit rate...