Have you filed your W2/W3 forms completely and correctly each year with the Social Security Administration (SSA)? If you haven't filed your W2/W3 forms, your business may be looking at a hefty Civil Penalty.
When a business owes a significant payroll tax debt to the IRS and can't pay it back in a lump sum full payment, the IRS looks to assess the Trust Fund Recovery Penalty portion of the debt to the Responsible Individuals that operate the business.
Know Your Appeal Rights? If you've received s Final Notice of Intent to Levy from the IRS, it's time for decisive action. Notice 1058 is your last warning before the Service seizes your assets. Learn more.
As small business owners, we have a lot to keep track of. And with so much going on in our personal and professional lives, it's easy to let the two blend together. Some things must be kept separate, however, and money is at the top of the list.
Listening to ads and talking to representatives from “Offer Mill” tax resolution companies can be confusing for people in crisis mode searching for tax relief. Find out why the Offer in Compromise may NOT be the right fit for you.
Although it may seem like the Service makes its own rules, there are laws that protect taxpayers from the long arm of the IRS Collection Division. One law the IRS must adhere to is the ten-year collection statute.