An IRS payment plan can stop bank levies and wage garnishments once it is in […]
Common Tax Problems Business Owners Face (And How to Avoid Them!)
Being your own boss is great—until tax season rolls around. 😬 If you’re a small […]
Is ‘pennies on the dollar’ actually legit for IRS debt?
Programs like the Fresh Start initiative and Offer in Compromise can reduce tax debt, but […]
What happens if you’ve been ignoring your taxes for years?
Many people ignore tax problems for years, but the situation rarely stays the same. Penalties […]
Are You Overlooking Expenses That Could Reduce Your IRS Debt?
The IRS does not treat all expenses the same when reviewing a taxpayer’s financial situation. […]
Sales Tax Audits Happen When Reported Sales Do Not Match Estimates
New York State does not rely only on reported numbers when reviewing sales tax. In […]
Unreported Income Is a Major Trigger for IRS and State Tax Audits
A tax audit can be triggered by many factors, but one of the most common […]
Why Low Reported Income Can Trigger a New York State Tax Audit
New York State reviews tax returns using software designed to flag inconsistencies. Situations like reporting […]
Schedule C Red Flags That Trigger New York Tax Audits
A New York State sales tax audit often starts when reported sales do not match […]
Are Business Owners Personally Responsible for Unpaid Payroll Taxes?
Payroll taxes cannot be eliminated even when the issue was caused by an error. Business […]