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Category: Payroll Taxes

Self-Employed Tax Mistakes
Business Owners Beware: The Costly Consequences of Failing to Pay Employment Taxes

As a business owner, properly managing your employment tax obligations is not just a legal requirement—it’s a crucial aspect of running a successful and ethical business. The potential consequences of failing to do so, as illustrated by this recent case, are simply too severe to ignore. Stay informed, stay compliant, and don’t hesitate to seek professional help if you’re unsure about your tax obligations.

Business
Shutting Down a Sole Proprietorship: What You Need to Know About Taxes

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

Back Taxes
Avoid the IRS’s 25% Late Filing Penalty with This Simple Tip

Did you know the IRS can charge you up to a 25% penalty for filing your tax return late? Many people don’t realize that you can avoid this hefty penalty by filing on time, even if you can’t pay the full amount you owe. At IRSProb.com, we’ve seen countless individuals save thousands by simply filing on time.

payroll tax tips
Payroll Taxes
Tax-Saving Tips

Protect Yourself from Costly Payroll Fraud When you own and operate a business, you must exercise vigilant oversight, including watching over your payroll taxes. Here’s

Decoding Tax Debt Relief

Unravel the mystery of tax debt relief with IRSProb, your Texas tax relief specialists. Navigate IRS audits, tax liens with ease!