If you’ve been approached by IRS Collections, you know how stressful it can be. However, you may have the opportunity to begin the collection appeal request process with IRS Form 9423. If the IRS finds that you owe back taxes, and decides to begin its collection process, one of your only forms of recourse is …
Small business tax deductions can help your business continue to run smoothly. Here’s what to know about relief options for your small business. The IRS defines small businesses – within the context of tax relief and deduction options – as any business with assets under $10 million. These businesses, including self-employed professionals and independent contractors, can …
Dealing with the IRS can be incredibly stressful, so what happens if the IRS sends you to collections? Here is what you should know. We all know that the taxman can be frightening. But it’s important to separate fact from fiction. The IRS is tasked with enforcing tax law and ensuring that taxpayers are held …
During the past few years, we have seen an influx in tax related scams affecting consumers. Here’s how to protect yourself from the most common IRS tax scams. The IRS is renewing its information on frequent and common tax scams, providing multiple newsletters to taxpayers urging them to beware the signs of a tax-related con, …
If you run into problems with the tax man, it’s time to find tax consultants who can help you navigate through the process, but watch out for these 4 red flags. The US tax system is far from simple. While every US taxpayer has an obligation to keep up with their filing requirements and tax …
IRS Form 8300 is required for all cash payments over $10,000. But what does this mean for you? Cash transactions constitute a large portion of business activity. Businesses need to build inventory, pay for repairs, pay for maintenance and upkeep on their equipment, make monthly payments for leased property, compensate their business partners, and much more. While these transactions do …