When you owe back taxes and can’t afford to make any payments, then it may be time for a special tax status known as currently not collectible. This means that your debt is still considered valid even though there’s no chance at recovery right now.
Dealing with tax issues can often be a challenge and feel overwhelming for many people. Choosing to work with a tax resolution professional is often a great choice if you are dealing with the IRS. These tax relief specialists can guide you throughout the entire
You open up the mailbox, expecting the usual mix of bills and catalogs, but what you find is a collection letter from the IRS. It can feel like you are living in a nightmare that you can’t wake up from when you receive a collection
Filing your taxes is never a fun thing to do, but if you don’t file them at all then the IRS will come calling. They have unbridled power to file a return on your behalf in theirs, not yours, best interest. They have powerful collection
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Eco- nomic Security (CARES)…
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Eco- nomic Security (CARES)…
On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021, which contains $1.4 trillion to fund the federal…
Recent legislation, such as the Families First Coronavirus Response Act and the Coronavirus, Aid, Relief, and Eco- nomic Security (CARES)…
Entity Accounting and Recordkeeping Fringe Benefits Liability Sole proprietor, single- member LLC, and husband/ wife business Schedule C (Form 1040), Profit or Loss From Business Schedule F (Form 1040), Profit or Loss From Farming Schedule SE (Form 1040), Self-Employment Tax IRS Pub. 334, Tax Guide
