Owe Taxes on Forgiven Debt? Here’s What to Do
Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
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Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
Getting an unexpected call from a Revenue Officer as a business owner indicates that your tax situation has just become much more serious. When the IRS attempts to collect unpaid taxes from a business, most of the efforts are automated.
Understanding How to Use the CSED to Your Advantage If you have unpaid taxes that have been on your account for a while, one of the most important dates for you to know is the Collection Statute Expiration Date (CSED).
One major reason to structure a business as a corporation or LLC (limited liability company) is to protect its owners, managers, and employees from personal liability for the business’s tax or legal liabilities. This liability protection has exceptions, such as
If you’re struggling with tax debt and looking for help, two of the biggest options are tax relief firms and tax attorneys. Should you hire a tax relief firm or an attorney? The right answer is in the middle –
Whether you’re behind on one year of tax filings or multiple years, deciding to catch up and take action is a great first step. If you get started and realize you don’t have all of the tax documents you need,
Running a business can be a lot of work, especially in regard to state tax obligations with the Washington State Department of Revenue (DOR). These obligations don’t automatically end just because you want to close your business. Before you can
If you’re in tax trouble, there are many businesses out there that focus on helping people like you. The problem is that some of these entities aren’t the most honest and will use dodgy tactics to convince you to hire
Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law
There may be debate as to the benefits of the policy proposals from President Trump, but there’s no dispute that
One of President Trump’s campaign promises was that he would lower taxes. So it’s perfectly plausible to hear about changes
Being audited is stressful—and receiving IRS Form 4564 can make the situation feel even worse. Form 4564, Information Document Request,
As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than
Car dealerships face unique tax challenges that other types of businesses do not. One issue that dealerships often face is
Who Qualifies for Free Help and What to Do If You Don’t Qualify There are several different programs that offer
If you’re like a lot of tax-paying Americans, you may be relying on a tax refund to fill some monetary
If you haven’t filed taxes in 10 years, you are at risk of the IRS coming after you, assessing tax
The IRS CP71 Notice is an annual reminder of your unresolved tax balance. In some cases, this notice means you
The idea of an offer in compromise is very appealing. You may have seen it on a billboard or TV
Forgiven debt can be a huge source of relief. If you’ve settled a debt with a lender, had a loan written off due to non-payment, or gotten rid of a home you can no longer afford, it may feel like
Getting an unexpected call from a Revenue Officer as a business owner indicates that your tax situation has just become much more serious. When the IRS attempts to collect unpaid taxes from a business, most of the efforts are automated.
Understanding How to Use the CSED to Your Advantage If you have unpaid taxes that have been on your account for a while, one of the most important dates for you to know is the Collection Statute Expiration Date (CSED).
One major reason to structure a business as a corporation or LLC (limited liability company) is to protect its owners, managers, and employees from personal liability for the business’s tax or legal liabilities. This liability protection has exceptions, such as
If you’re struggling with tax debt and looking for help, two of the biggest options are tax relief firms and tax attorneys. Should you hire a tax relief firm or an attorney? The right answer is in the middle –
Whether you’re behind on one year of tax filings or multiple years, deciding to catch up and take action is a great first step. If you get started and realize you don’t have all of the tax documents you need,
Running a business can be a lot of work, especially in regard to state tax obligations with the Washington State Department of Revenue (DOR). These obligations don’t automatically end just because you want to close your business. Before you can
If you’re in tax trouble, there are many businesses out there that focus on helping people like you. The problem is that some of these entities aren’t the most honest and will use dodgy tactics to convince you to hire
Dealing with the IRS when you have outstanding tax debt is already a headache. But what if they assign your account to a private collection agency? This can happen, especially if your account has been inactive for a long time
What to Expect If a Private Collection Agency Contacts You About IRS Tax Debt When you have tax debt, there may come a point when the IRS assigns your debt to a private collection agency. In some cases, the law