Registered Warrants Can Pay Your State Income Tax Bill (Sacramento) – The Franchise Tax Board (FTB) announced it accepts California registered warrants (IOUs) as payment of current and past due personal and corporate tax obligations. To pay a tax liability with an IOU, endorse the IOU on the reverse side…
IRS Did Not Fail to Properly Credit Checks Against Married Couple’s Tax Liability (Kovacevich, TCM) The IRS properly credited five checks toward the outstanding tax liability of a law firm and not the individual tax liability of an attorney and his wife. For the tax year at issue, the taxpayer/husband…
Abusive Tax Evasion Schemes Resolve your tax problem and get tax relief today! Examples of Abusive Tax Scheme Investigations – Fiscal Year 2009 The following examples of abusive tax schemes are written from public record documents on file in the courts in the judicial district in which the cases were…
CA New Home Tax Credit Going Fast Sacramento – The Franchise Tax Board (FTB) announced today that the $100 million allocated by the state in new home tax credits will soon be gone. As of June 17, 2009, FTB had received more than 9,800 applications claiming nearly $95 million. Because…
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…
Make any personal calls on that company cell phone? That’s a “fringe benefit” of your job, according to a 20-year-old law, and the IRS is looking to collect. The Wall Street Journal reports that the IRS wants to step up enforcement of the 1989 law, which holds that employees who…
Outsourcing Payroll Duties Can Be a Sound Business Practice, But… Know Your Tax Responsibilities as an Employer Many employers outsource some of their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit requirements are met and greatly streamline business operations. Some…
ORLANDO MAN SENTENCED FOR $181 MILLION PAYROLL-TAX FRAUD Orlando, Florida – United States Attorney A. Brian Albritton announces that U.S. District Judge John Antoon, II, today sentenced Frank L. Amodeo (age 48, of Orlando) to 22 years and six months in federal prison for conspiring to commit wire fraud, to…