Receiving notice of an IRS levy or lien can be a very frightening time. Just the thought of the IRS seizing all of the money in your bank account(s) or taking your state income tax refund or any payments you may normally receive from the federal government can be unbearable. When an IRS levy, such [...]
So I certainly don’t mean to throw “fuel on the fire” of a debt problem by making the following suggestion, but I’ll throw it out there as an option and only you’ll know if it is a legitimate option for you.
Did you know that the IRS accepts Visa, Mastercard & American Express?
Not paying payroll tax is something the IRS considers very serious. As an employer, you are responsible for withholding part of your employees’ wages to pay their: Income tax and FICA (Social Security & Medicare) tax. Since the employees place their trust in you that you are taking this money out of their paycheck and [...]
The current mortgage crisis means that many Florida homeowners are considering renting their properties as an alternative to selling, or even renting out spare rooms to help meet their mortgage payments. But homeowners desperate for additional income in these tough economic times may find themselves in trouble with the Internal Revenue Service (IRS) when it [...]
American taxpayers will be expected to fork out more of what they earn, both during the years of the current recession and when it comes to filing their annual returns for years to come. That’s why consulting with a professional is important when preparing returns and in the event that taxpayers are audited.