Category: Business Taxes

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore.

Can the IRS Levy Your Business Bank Account?

When you owe money to the IRS, it’s typically a sign of a cash flow problem. As a business owner, you may have made the difficult decision to pay your staff and vendors before your taxes. While that may have

Read More

Can the IRS Shut Down Your Business for Unpaid Taxes?

For a dedicated small business owner, the company you’ve built is more than a source of income. It’s your life’s work. A financial lifeline for your employees. A promise to your customers. When times get tough, through a global recession,

Read More

Can You Resolve Payroll Tax Debt Without a CPA or Lawyer?

Falling behind on payroll taxes is different from missing payments on other bills or even other types of taxes. Payroll taxes involve money withheld from employees’ paychecks, which the IRS expects employers to hold in trust until their next scheduled

Read More

How 1099 Workers Can Fix Multiple Years of Unfiled Taxes

One of the best things about working as an independent contractor is the freedom and flexibility it can provide. Yet these benefits come with additional responsibilities, including filing annual tax returns and making quarterly estimated tax payments. If you don’t

Read More

Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may

Read More

IRS Hobby-Loss Rules

How to Protect Your Business From Being Labeled a Hobby If your business loses money for too many years in a row or even during the first year of operation, the IRS may claim the business is really a hobby

Read More
employer withholding

Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than

Read More »
IRS Notice CP63

IRS Hobby-Loss Rules

How to Protect Your Business From Being Labeled a Hobby If your business loses money for too many years in

Read More »

Can the IRS Levy Your Business Bank Account?

When you owe money to the IRS, it’s typically a sign of a cash flow problem. As a business owner, you may have made the difficult decision to pay your staff and vendors before your taxes. While that may have

Read More

Can the IRS Shut Down Your Business for Unpaid Taxes?

For a dedicated small business owner, the company you’ve built is more than a source of income. It’s your life’s work. A financial lifeline for your employees. A promise to your customers. When times get tough, through a global recession,

Read More

Can You Resolve Payroll Tax Debt Without a CPA or Lawyer?

Falling behind on payroll taxes is different from missing payments on other bills or even other types of taxes. Payroll taxes involve money withheld from employees’ paychecks, which the IRS expects employers to hold in trust until their next scheduled

Read More

How 1099 Workers Can Fix Multiple Years of Unfiled Taxes

One of the best things about working as an independent contractor is the freedom and flexibility it can provide. Yet these benefits come with additional responsibilities, including filing annual tax returns and making quarterly estimated tax payments. If you don’t

Read More

Form 8300 Examinations

As a business owner, whether you sell goods or services, you are legally required to report cash transactions larger than $10,000 to the IRS. This involves filing Form 8300 within 15 days of a transaction. Failing to do so may

Read More

IRS Hobby-Loss Rules

How to Protect Your Business From Being Labeled a Hobby If your business loses money for too many years in a row or even during the first year of operation, the IRS may claim the business is really a hobby

Read More