Finding Real Life Solutions To Your Tax Problem
Owing federal taxes is not uncommon. Internal Revenue Service (IRS) data shows that in 2017, about 14 million people owed an estimated $131 billion total in taxes, penalties and interest. When faced with a difficult financial period, paying off that tax debt in full...
The California public and legislators have classification of workers on their minds. Employers who violate the separate rules for independent contractors and employees can face stiff penalties and big bills for unpaid taxes and interest. In times like these, clients...
Owning a business that is not performing can be overwhelming. If the business is not generating enough income you may fall behind on required payments.Falling behind on your payroll taxes, however, can have negative consequences for both your business and you...
Chances are that you look forward to your tax refund every spring. Maybe you use that money to use as a down payment on a new car or take your family on a vacation. You may even anticipate your employer to issue your W-2 to take to your accountant to get the process...
The Internal Revenue Service (IRS) conducts audits to ensure that your reported tax amount is correct. But just because you face an audit does not necessarily mean there was a problem with your tax return. Many audits are conducted at random by a statistical formula...
Many people struggle with overwhelming debt, and bankruptcy can be a good way to recover from it. It offers people a way to pay down or outright discharge remaining financial obligations. Bankruptcy can provide a way to start over and get life back on...
When you prepare taxes for your business, you try to avoid paying as much tax as possible. Sometimes doing so puts your business at risk of committing acts that the IRS may not think is legal.Walmart recently came under scrutiny for allegedly avoiding the payment of...
The percentage of tax payers who get audited by the IRS is low and seems to be getting lower by the day. But as many good tax attorneys and financial advisors often tell clients, there’s good news and bad news. The lower audit rate is no exception.Take a moment...
With the rise of the 21st-century gig economy, the line between an independent contractor and an employee is more blurred than ever. A high-profile 2018 court decision involving app-based companies like Uber, Lyft and Postmates limited the scope of whom employers...
To put it succinctly, The IRS audits people to double-check their numbers and make sure their returns don’t show any inconsistencies. An audit is not a sinister move by the IRS to blackball you, but some people do try to purposefully cheat the system and that is...