Back Taxes
As a business owner, it’s crucial to maintain accurate financial records and comply with tax laws. A recent case serves as a stark reminder of
June 25, 2024
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Category: Business
Business
The Tax Court denied equitable relief to a taxpayer seeking Innocent Spouse Relief after his ex-wife improperly claimed deductions on their joint tax return. Despite meeting several conditions, the court ruled that the taxpayer’s lack of involvement in reviewing the return and claiming a refund undermined his claim of innocence.
June 24, 2024
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Back Taxes
As a business owner, keeping your finances in order is crucial not just for your company’s success but also to stay compliant with tax laws. A recent high-profile case serves as a cautionary tale about the severe consequences of neglecting tax obligations.
June 21, 2024
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Business
Deciding who should own the business car—yourself or your corporation—is a crucial decision for single-owner S corporations. This choice impacts insurance rates, tax deductions, and administrative complexity. Individual ownership may offer better insurance rates, but it complicates reimbursements and tax reporting.
June 20, 2024
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Tax Implications of Disasters
Closing your sole proprietorship involves more than just shutting the doors. Understanding the tax implications is crucial. In our latest blog post, we break down the key considerations when shutting down your business, from asset sales to tax strategies.
June 18, 2024
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Business
Closing your sole proprietorship or single-member LLC? Understanding the tax implications is crucial. Selling your business assets triggers various tax considerations, including special rules for real estate, different tax treatment for various assets, and non-compete agreement payments taxed as ordinary income. Navigating these tax implications requires careful planning. We’re here to help at IRSProb.com
June 10, 2024
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Celebrate Labor Day with IRSProb.com! Your Texas-based partner for tax relief, liens, and IRS audits. Relax, we’ve got your taxes covered!
September 4, 2023
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Unravel the mystery of tax debt relief with IRSProb, your Texas tax relief specialists. Navigate IRS audits, tax liens with ease!
August 10, 2023
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Navigate your tax woes with IRSProb.com’s expert advice. Discover 5 key steps to tax relief. Tax liens, IRS audits simplified. Maximize your savings now!
August 7, 2023
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Navigate IRS negotiations with confidence using our expert tips. Learn from Texas’s top tax relief pros at IRSProb!
July 18, 2023
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