Imagine this: you have worked hard for your employer for the last two weeks, and when you receive your paycheck, it is significantly less than you were expecting! Your heart starts racing, and you immediately think, “wait, this can’t be right!”

The IRS can inform the State Department about taxpayers who are “seriously delinquent” with their tax debt, resulting in the suspension of their passport or denial of a passport application or renewal.

The excitement from the holidays is dying down, and we are all working on re-focusing on professional and financial matters. If you owe a tax debt that isn’t resolved, you’ve probably committed to yourself that this is the year you will focus on taking care of that debt, but you might not know the best way to go about it.

It’s that time of year when everyone is reflecting on what habits they would like to focus on and what changes they would like to make. If you owe a tax debt, resolving it is probably high on your priority list.

Exciting news! You want to form a business but need help figuring out what to do or where to turn. When it comes to forming a business, there are several factors and steps during the process you should take to ensure you are set up for success.

This is something your accountant or CPA may have spoken with you about… the notion of “reasonable compensation” in the eyes of the IRS or state.

Internal Revenue Service and state tax liens and levies are often confused and misidentified by a taxpayer who receives these nasty love notes in the mail. It absolutely makes sense, as both will cause panic!

The first thing to understand about community property laws is that they do not apply to everyone. If you, or the taxpayer you have in mind, do not reside in the following states or did not reside in the following states when a tax debt was accrued, you can stop reading this article now!

For most, the holiday season can be one of the most exciting times of the year. It’s a time to celebrate with family, honor traditions, and reflect on the year that’s coming to an end.

Let’s say you have a tax debt, and without knowing what direction to head, you log onto Google and type “tax debt resolution industry” to learn who could help and how. The search results may leave you with conflicting information.

Over the last few months, all political sides of the mainstream media have shared some information about the funds earmarked for the IRS in the Inflation Reduction Act. The key word there is “some.”

When it comes to tax debt, one area which seems to generate a great deal of confusion for taxpayers is Individual Estimated Tax Payments. This could be because many people don’t understand when they need to pay estimated taxes or how to calculate them. 

If you are a business owner with employees, you are responsible for withholding a portion of their paychecks to cover Medicare and Social Security contributions…

23 Years In and Still Passionate 

23 years… when I stop to think what that actually represents, it’s shocking: 276 months, 1,196 weeks, 8,395 days, and, considering an average 50 hours per week dedicated to my career, 59,800 hours…

Filing a joint tax return with your spouse has many benefits. However, what you may not know is that there are also disadvantages! Did you know that both parties are jointly liable for associated tax debts when filing a joint tax return?