Receiving a tax bill from the IRS can be a daunting experience, especially for business owners already juggling multiple responsibilities. However, understanding the steps to take and knowing your options
As a taxpayer, understanding the statute of limitations for IRS audits is crucial. While the general rule is that the IRS has three years to audit your tax return, there
A Guilty Plea Deal does not Relieve You of Your Tax Liabilities. Learn from Salvatore Groppo’s case about the lingering financial consequences after legal proceedings.
so the problem doesn’t repeat itselfFor business owners and self-employed individuals who owe over $100,000 to the IRS, you’re going to want to listen to this message because this is
As tax season comes to a close, many taxpayers can finally relax after filing their returns. However, some may realize they made errors or omissions that need correcting. If you
The Internal Revenue Service is back with its hand out, pleading for over $100 billion in new funding from Congress. This comes despite the agency receiving a massive $60 billion
A Cautionary Tale for Business Owners: The Cost of Ignoring Tax ObligationsRunning a successful business is challenging enough without adding tax troubles to the mix. As a business owner, it’s
Series LLCs have emerged as an innovative business structure that allows a master LLC to create separate “series” with compartmentalized assets and liabilities. While they offer potential benefits like asset
Cost segregation is a powerful tax strategy for owners of residential rental and commercial properties. By breaking down a property into its various components, owners can accelerate depreciation
Dealing with IRS penalties can be overwhelming, with over 148 different types potentially adding significant costs to your tax bill. However, many of these penalties can be