Helpful Tips For Calculating Your Offer In Compromise Settlement

After you have gone through the process of getting into tax compliance and analyzing your financials to determine that you qualify for an Offer in Compromise ("OIC"), ...
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Financial Qualifications You Need To Know For An Offer In Compromise

To have an Offer in Compromise ("OIC") accepted by the IRS, there are several things you will need to complete before submitting the OIC. Perhaps the biggest is to ...
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IRS Offer In Compromise Qualifications and Requirements for Acceptance

The Offer in Compromise ("OIC") program administered by the Internal Revenue Service ("IRS") provides a mechanism for taxpayers to settle tax debts for less. However, ...
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How The EDD Can Personally Assess You For Past Due Payroll Taxes

A major incentive to forming a corporation or LLC is that it will shield the individual owners and members from being personally liable for debts that the corporation ...
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Changes To Alimony Deductions and The Tax Implications

With changes brought about by the Tax Cuts and Jobs Act, many people are left wondering how they will be affected come tax time. One change in particular will change ...
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LLC Tax Elections and What This Means For Your Unpaid Employment Taxes

Forming a Limited Liability Company (LLC) for your business can personally protect you against debts that your business incurs, including debts arising from unpaid ...
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Appealing Your Trust Fund Recovery Penalty Before And After Assessment

Going through the assessment process of Trust Fund Recovery Penalties (TFRPs) is complicated. It can become even more complicated when the IRS Revenue Officer has ...
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The Consequences Of Misclassifying An Employee

When it is determined that a business has misclassified an employee, several taxing authorities may end up being involved. This will most likely result in some stiff ...
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Payroll Taxes and The Employer/Employee Responsibility

For any employer it's important to have a good understanding of payroll taxes. After all, it's your responsibility to make sure the payroll taxes eventually get paid ...
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Trust Fund Recovery Penalties and How You Can Be Personally Liable

Payroll taxes are something that any business owner should be familiar with if they have employees to whom they pay an hourly wage or salary. Having a good ...
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