The Internal Revenue Service (IRS) cannot closely review every tax filing. As a result, there are a number of ways the agency determines which filings will warrant a closer review. To help filter out allegedly questionable returns, the agency often uses Compliance...
Finding Real Life Solutions To Your Tax Problem
Month: November 2017
How to negotiate an IRS offer in compromise (OIC)
The offer in compromise is a special avenue presented by the IRS that allows you to pay a part of your delinquent taxes, and be forgiven for the rest.The OIC is a real thing, and it has helped many thousands of besieged taxpayers to get right with the IRS. In recent...
What businesses should know about tax deductions
With December coming next week, the holiday season will be in full swing and businesses of all sizes will be solicited by charitable organizations for donations. The proverbial benefits to making these types of donations are that a needy group will benefit, and the...
Would you prefer a larger tax refund or a bigger paycheck?
The middle of November is not a very popular time to talk about tax refunds; unless, of course, you closely follow politics and are anticipating substantial change through tax reform. Nevertheless, it is still important to think about your tax return during this time...
Critical employee classification questions for businesses
As businesses hire temporary employees (or agencies) to complete end-of-year work, it is critically important for such workers to be properly classified. Classification mistakes can lead to host of taxes and penalties.Knowing the difference between employees and...