Payroll tax avoidance can result in substantial personal liability, and in some cases even imprisonment. Business owners should consult with tax counsel to discuss the proper payment of payroll taxes to minimize fines and other unintended consequences.
City-based speculative builder taxes allow Arizona cities to tax improved real property upon its sale, with limited exceptions.
Some cryptocurrency traders have made figurative killings with their investments. The world of cryptocurrency investment and speculation indeed has an otherworldly sense to it, both because of the unique nature of cryptocurrency and its roller-coaster rides for investors. Tax law, though, doesn'...
Does your business have unpaid employment tax liabilities? If you answered yes, it is important to consider designating voluntary payments towards trust fund taxes. Designating payments costs you nothing, and helps you avoid personal liability. If you do not designate your payments, the IRS will apply the payments in a manner that is least beneficial to you.
This article will help you understand when the federal tax lien arises, what effect the filing of a Notice of Federal Tax Lien has, and how you can get rid of the Notice of Federal Tax Lien.
IRS Passport Certifications: If you owe more than $50,000, the IRS now has the power to certify you for passport revocation!
If you owe more than $50,000 in tax liabilities, the IRS now has the power to certify you to the State Department for passport revocation, and it is starting soon! This article addresses this new power of the IRS, the criteria to be certified, the right to judicial review of the IRS certification, and how you can avoid being certified, and thus, prevent the State Department from revoking your passport.
The IRS sent you a Final Notice of Intent to Levy and Notice of Your Right to a Hearing. What should you do now?
The IRS sent you a letter titled Final Notice of Intent to Levy and Notice of Your Right to a Hearing (LT11 or Letter 1058). What should you do now? This article will help you understand the importance of this notice, assess whether the IRS followed the proper procedures, and explain what you can do.