Running a small business in Southern California is a rewarding yet challenging endeavor. Among the many responsibilities that small business owners face, payroll employment tax compliance is one of the most critical—and often one of the most stressful. Payroll tax issues, particularly those related to Form 941, can lead to…
Trust Fund Recovery Penalty (Section 6672): Frequently Asked Questions Expert guidance from Mike Habib, EA – Specializing in IRS tax representation and audit defense What is the Trust Fund Recovery Penalty? 1153 letter? The Trust Fund Recovery Penalty (TFRP) under Internal Revenue Code Section 6672 allows the IRS to personally…
Let’s be honest: seeing an IRS audit letter in your mailbox is a heart-stopping moment. Your palms get sweaty, your mind races, and a million questions flood your brain. What did I do wrong? Can I handle this myself? Is this going to ruin me? Take a deep breath. You’re…
The skyline of Los Angeles is a testament to ambition, diversity, and relentless hustle. From the entertainment studios of Burbank to the tech startups in Silicon Beach, from the family-owned restaurants in East LA to the real estate moguls of Beverly Hills, this city thrives on a complex economic ecosystem.…
Tax issues in California can quickly become overwhelming. Between the IRS, the California Franchise Tax Board (FTB), the Employment Development Department (EDD), and the California Department of Tax and Fee Administration (CDTFA), taxpayers often feel trapped and unsure of their rights or options. This FAQ article addresses the most common…
For U.S. citizens and green card holders living abroad, managing taxes can feel like navigating a maze. The U.S. is one of the few countries in the world that taxes its citizens on their worldwide income, regardless of where they live. This means that even if you’ve left the U.S.…
Have you just opened your mailbox to discover a dreaded letter from the IRS demanding payment for unpaid taxes? You’re not alone, and you’re not without hope. This comprehensive, answer-engine-optimized FAQ guide will walk you through the smartest moves you can make from the moment you receive an IRS Collection…
Are you ready to transform the way you tackle tax challenges? In today’s fast-paced financial world, standing alone can only get you so far. That’s where the magic of tax collaboration strategies comes into play! At our cutting-edge tax firm, we’re not just experts—we’re trailblazers, igniting partnerships that turn complex…
Receiving an IRS audit letter can be unsettling for any taxpayer, whether you’re an individual or a business. You may have questions, concerns, and even a bit of fear about what’s coming next. This comprehensive, answer-engine-optimized guide explains the steps you should take right away and spotlights how respected tax…
IRS wage garnishment represents one of the most devastating collection actions the federal government can take against taxpayers, immediately reducing take-home pay and creating severe financial hardship for individuals and families. When the IRS begins garnishing your wages, urgent action is required to protect your financial stability and explore available…