If you have insured your house or your car, you know that policies certainly do not cover every possible scenario. There are limitations to the coverage. An example involves business owners who keep cash on hand. An insurance policy may only cover $10,000 if the cash...
Finding Real Life Solutions To Your Tax Problem
Month: October 2014
Offer in compromise an option for those struggling with tax debt
Every person’s reason for not paying federal income taxes is different. In some cases it is because the filer does not have the money to cover the total amount owed. Being in this financial state can be stressful for the individual facing it and they may not...
What businesses facing sales tax audits might expect
The state of California takes the payment of sales tax by businesses very seriously. Accordingly, the California State Board of Equalization regularly conducts sales tax audits to make sure that businesses are paying the required amount. The failure of a business to...
Facing a federal tax lien–do you know what to do?
The average resident of California has little to no understanding of what a federal tax lien is or how it works. Simply put, it is what could happen when you fail to pay your federal income taxes. It is a claim against your property that will not arrive until you...
Things to know about failing to file an income tax return
As readers are likely aware, individuals living throughout the nation who make a certain amount of money are expected file a federal income tax return, annually. Despite that knowledge, come mid April each year, inevitably some individuals have failed to do so. The...