Tax Problems – Tax Problem Resolution When tax problems occur, it can be difficult to hide from the IRS. Being familiar with these tax problems allow you to recognize them as soon as they occur. Whether you are an individual or a business entity, make sure that you are aware…
IRS Tax Lien – How to release federal tax liens and levies Taxpayers have the right to appeal the IRS’ filing of a notice of a tax lien in the public record and petition for release. If filed in error, the IRS must release the lien and state that the…
Table 16.Delinquent Collection Activities, Fiscal Years 2005-2008 [Money amounts are in thousands of dollars.] Activity 2005 2006 2007 2008 (1) (2) (3) (4) Returns filed with additional tax due: Total amount collected [1] [r] 27,615,348 [r] 29,172,915 [r] 31,952,399 28,465,648 Taxpayer delinquent accounts (thousands): Number in beginning inventory 5,981 6,478…
IRS Commissioner Doug Shulman addressed the National Association of Corporate Directors Governance Conference WASHINGTON — I realize that the IRS Commissioner has not customarily addressed the NACD’s corporate governance conference…but what I want to discuss with you this afternoon is the important role that boards of directors can play in…
Construction Industry Tax Issues Accumulated Earnings Tax Closely held C corporations are more likely to accumulate earnings and profits beyond the reasonable needs of the business in order to avoid income taxes on its shareholders than are large C corporations. Each accumulated earnings case is unique. No pro forma guide…
Enrolled Agent vs. Tax Attorney / Tax Lawyer Dealing with tax problems entails a good amount of hard work and stress, which is why it is not advisable to deal with such problems on your own. It requires that you have a fair understanding not only of the taxation process…
Tax Relief for Truckers – Truck Drivers Trucking Tax & Accounting: Back Taxes – Unfiled delinquent tax returns – IRS & State audits – Messy books / accounting In face of tighter enforcement measures that the IRS is expected to use to strengthen its tax collection and monitoring policies, tax…
Tax Relief for Realtors It is very important for real estate professionals to act on tax problems like excessive tax debt, unfiled returns, back taxes, and self employment tax before these aggravate into expensive and potentially damaging problems. Tax problems the likes of those enumerated above can seriously hurt an…
Get your IRS Tax Problems solved and relax Do not lose sleep over your mounting tax debt – Internal Revenue Service () has designed a program to enable willing taxpayers to get some relief from the amount of tax owed by accepting less than their tax debt liabilities or allowing…
Getting to Grips with Wage Garnishment Have you ever heard of a wage garnishment? If you haven’t, and you are responsible for paying the IRS what you owe them, then you should read on! If you’re in a position where you owe the IRS money already, then you shouldn’t just…